WebBank announced an agreement with American Express to become a card issuer and participant in the American Express network. WebBank will be able to issue credit cards and payment solutions with American Express perks as a result of the agreement. WebBank was chosen by American Express as one of its primary issuing banks focused on the fintech industry.
Mexican SME-focused digital banking platform Covalto is set to go public via a merger with special purpose acquisition company (SPAC) LIV Capital Acquisition Corp. The new combined firm will be known as Covalto, and it will be the first Mexican fintech to be listed on a US stock exchange. The merger is worth $547 million
Over the last five years, the discipline of fraud prevention has transformed considerably and continues to evolve swiftly. As a result, prior realities regarding fraud prevention are increasingly becoming myths. Legacy suppliers spread these beliefs in order to stay relevant, but industry leaders recognize the difference and are moving forward. The first widespread misconception we’ll
The property sector across the UK is set for a £3bn boost as specialist bank GB Bank officially launches after receiving its full UK banking license. The Middlesbrough-based GB Bank is now able to go forward with its ambitious plans thanks to the banking license. It has agreed to lend £3 billion over a five-year period.
Crypto.com, the world’s fastest-growing cryptocurrency platform, announced today it has received regulatory approval from the Financial Conduct Authority (FCA) in the United Kingdom (UK) as a crypto asset business. This registration will enable Crypto.com to offer a suite of products and services to customers in the UK, compliant with local regulations. “This is a significant
“According to what I understand, a home buyer who makes a 20% down payment is exempt from having to get mortgage insurance. I paid a 20% down payment of $48,000 for a $240,000 home, but I was informed that I must acquire mortgage insurance since I chose to finance $6,000 in closing expenses, making the
Forage, a payments processor that makes it easier for grocers to accept SNAP EBT payments online, announced today that it has raised a $22M Series A funding round to accelerate online grocery access for America’s 42 million SNAP EBT recipients. The round was led by fintech specialist firm Nyca with participation from PayPal Ventures, EO Ventures,
Israeli banking-as-a-service (BaaS) start-up Unit has partnered with Tennessee’s Thread Bank to enable firms to embed banking services — including accounts, cards, payments and lending — into their products using a single platform. “We’ve grown explosively over the last year by helping companies quickly create new revenue streams with customized banking experiences,” “With our partnership
Motive Partners, a specialist private equity firm focused on growth equity and buyout investments in software and information services companies that serve the financial services industry has received the necessary regulatory approvals and completed the sale of Global Shares to J.P. Morgan. Motive invested in Global Shares in August 2018, acquiring a ~40% stake in the business.
Plaid, the API-first data network powering the digital financial ecosystem, and Wise, the global technology business developing the easiest way to move money around the world, today announced an open finance agreement to give clients a frictionless way to move money between various financial institutions. According to a 2021 survey by Plaid and The Harris
The majority of job postings for positions in finance specify “an ability to deal with numbers” or “like working with numbers” as requirements for candidates. So it makes sense to think that those in the financial and accounting fields would also possess some degree of data literacy—the capacity to read, work with, evaluate, and communicate
26 September - 28 September 2022 | London‚ United Kingdom
26 September – 28 September 2022 | London‚ United Kingdom With in-depth sessions on ensuring effective compliance with regulations like the FRTB and SA-CCR, adapting to climate risk, enhancing capital planning, and overcoming macroeconomic challenges, the 25th edition of the Marcus Evans Capital Management for Banking Institutions conference, to be held between September 26 and 28,
