Tag: financial technology

VOXI, a progressive mobile network tailored for young individuals, and Moneyhub, a leading global FinTech firm specializing in financial management solutions, have joined forces to enhance financial accessibility for VOXI customers.

DailyPay, the trailblazer in the on-demand pay sector, has secured a staggering $175m. This financial infusion is a blend of a $75m equity round and a $100m increase in an existing secured credit facility, with the additional financing generously provided by banking giant Citi.

Victory Park Capital Advisors, an established credit manager and global alternative investment firm, has closed a refinancing agreement for a $225m debt facility with Zip, a renowned player in the digital retail finance and payments industries.

Pliant, a trailblazing FinTech company, has closed a €33m Series A extension from a syndicate of investors including Molten Ventures, who joins the ranks of previous Series A backers such as SBI Investment, Alstin Capital, and Motive Ventures.

Fenergo's recent webinar, 'KYC, AML, & Onboarding in 2023 – Were Lessons Learned or Do Old Habits Die Hard?', brought together compliance experts to delve into findings from research on over 1100 executives from global banks. This study, encapsulated in the report 'KYC in 2023', reveals a significant 17% rise in the average cost of KYC (Know Your Customer) reviews, accompanied by an 11-day increase in their duration over the past year.

Nepalese commercial bank, Kumari Bank, has entered into a strategic partnership with Compass Plus Technologies to bolster its payments processing capabilities. 

Arch Insurance North America has announced the appointment of Prabhu Venkataraman as Chief Information Officer (CIO). This key addition to their leadership team is aimed...

Volopa, known for its expertise in transactions, payments, and expense management, has entered into a strategic partnership with Yapily, a frontrunner in providing Open Banking API solutions. This collaboration is set to redefine the payment experience for finance teams.

BlueFlame AI, known as the pioneering force in generative AI for alternative investment managers, has recently unveiled its latest technological advancement: a Microsoft Excel Add-in.

TrueLayer has become the first participant in the SEPA Payment Account Access Scheme (SPAA).