Tag: FinTech 2023

Banks, money services businesses, and other financial institutions are bound by U.S. laws to establish anti-money laundering (AML) procedures. Implementing identity verification, regulatory reporting, and risk management can be intricate, lengthy, and costly.

Yahoo, a global online giant renowned for its diverse portfolio of iconic products, has made a strategic move by acquiring Commonstock, a rising star in the broker-agnostic social platform sector.

Ex-Monzo executives, Joss Tasker and Alex Fox, have marked the inception of their latest FinTech venture, Sync Savings. The dynamic duo is setting out to address challenges faced by the UK's cash savings sector, a market that has been in need of innovation for a considerable period.

Sileon, a state-of-the-art software-as-a-service (SaaS) provider, has inked a partnership with ZorrzTM Finance, a pioneering FinTech entity focused on democratising credit access through artificial intelligence.

Comvest Credit Partners, known for delivering flexible direct financing solutions to mid-market businesses, has announced its designation as Administrative Agent on an increased $635m senior credit facility for Beyond Finance. Beyond Finance operates out of the U.S., specialising in success fee-based debt resolution services.

Craftgate Technology, known as the "One-Stop Shop" payment orchestration platform, has recently announced a new round of funding.

Koverly, a global B2B payments solution providing payment flexibility alongside reduced foreign exchange rates, has introduced KoverlyPay, a novel buy now, pay later (BNPL) service.

In the past few months, both the SEC and CFTC have targeted numerous Wall Street firms for extensive recordkeeping oversights. This resulted in eye-watering penalties surpassing $1.5bn. Both major and minor firms should anticipate that this assertive enforcement will remain unrelenting.

Communion, the new FinTech brainchild of ex-Habito CEO Daniel Hegarty, is stepping into the spotlight, armed with a mission to revolutionise how millennials approach savings.

Teamshares, the pioneering market leader for small business employee ownership, has made headlines with its latest funding announcement.