25 More Firms Join Unified Approach to Financial Data Sharing
In the past five months, the Financial Data Exchange (FDX) has brought in 25 new members including heavy-hitting industry participants such as Ally, Discover, MassMutual, and TransUnion. The recent...
View ArticleHere’s How Far We’ve Come with Voice AI in Customer Service
When it comes to customer service, even in-person interactions can be unpleasant. And doing business over the phone is usually markedly worse, especially if there is a bot involved. There is one...
View ArticleSplitit Taps Stripe to Facilitate Merchant Onboarding for Payment Installments
Buy now, pay later company Splitit landed a partnership today with payment platform Stripe. The agreement makes Stripe the payment facilitator for all new merchants who onboard with Splitit. This move...
View ArticleFollow the Money: FinovateEurope’s VC All Stars Talk Fintech Investment in...
FinovateEurope 2020 is full of changes, and there’s one change in particular I’m excited about. This year, we’ve added a panel called Investor All Stars. It’s stacked with investors who will offer up...
View ArticleFigure Names Former Coinbase COO as President
Blockchain-based financing company Figure announced today it has scooped up Asiff Hirji, former COO of Coinbase, as its new President. In his tenure at Coinbase, Hirji helped the company grow its...
View ArticleTokenSoft Launches Investment Accounts
Token issuance and asset servicing platform TokenSoft announced the launch of TokenSoft Investment Accounts today. The new accounts offer financial institutions a way to give their clients who invest...
View ArticleStop Looking at Your Customer Base as a Faceless Mass
If you ask Balázs Vinnai, president of W.UP, one size does not fit all when it comes to banking. In fact, his company’s entire premise is built around creating a personalized user experience. Earlier...
View ArticleEverything Fintech at Davos 2020
The five-day World Economic Forum wrapped up late last month. The event, based in Davos, Switzerland, hosted some of the brightest minds in the world to speak on some of the biggest issues facing our...
View ArticleSoFi Secures The Bancorp as Debit Card Issuer
Financial services startup SoFi is partnering with The Bancorp to serve as the company’s backend banking provider and card issuer for SoFi Money. The company launched SoFi Money last year to serve as...
View ArticleDivvy Launches Lightweight Funding Option for Businesses
Business spending and expense management platform Divvy is opening up new financing possibilities this week for its business clients with the launch of Divvy Capital. The new funding option is done...
View ArticleStarling Bank Flies with $77.5 Million in New Funding
Top U.K.-based challenger bank Starling Bank raised $77.5 million (£60 million) from existing investors Merian Global Investors and JTC. Today’s investment brings Starling’s total funding to $417...
View ArticleA Generation of Customer Collaboration
Customers have been getting a lot of attention in the financial services industry lately, and for good reason. After all, they’re the ones who are interacting with and relying on banking services on a...
View ArticleChina Opens its Doors to Mastercard
Mastercard announced today it has received approval from the People’s Bank of China (PBOC) to set up a domestic bankcard clearing institution in China. PBOC has given Mastercard, along with its...
View ArticleFenergo Raises $80 Million from ABN AMRO Ventures and DXC Technology
Digital banking and client lifecycle management solutions provider Fenergo brought in $80 million in funding today, bringing its total raised to $155 million and boosting its valuation to $800...
View Article6 Banks Making Saving as Easy as Spending
Automatic saving tools have been around since the dawn of the new millennium. You’re probably familiar with how they work; the tools allow users to contribute to savings goals on a regular basis using...
View ArticleCheck, Please! Clover’s Scan to Pay is a Faster Way for Diners to Pay
Payment processing company Clover announced a new capability for dine-in restaurants to offer their guests. The Fiserv-owned company launched Scan to Pay, a tool that enables diners to pay for their...
View ArticleThree Challenges Banks Face with Digital Transformation
For banks, digital transformation is a moving target. Perhaps that’s because it’s all-encompassing, or maybe it’s because it seems like an ambiguous buzzword with no real meaning. There is one...
View ArticleFlywire Closes $120 Million Investment, Acquires Healthcare Payments Platform
It’s a big week for Flywire. The global payments platform made a dual announcement yesterday that it closed a round of funding and sealed the deal on an acquisition. The $120 million in funding brings...
View Article5 Ways Edge Computing Can Benefit Banks
One of my favorite sayings is, “If you’re not living on the edge, you’re taking up too much space.” Can the same be said of banks who don’t use edge computing? Not exactly. First, let’s take a look of...
View ArticleBreach Clarity’s New Offering Provides Consumers Personalized Protection
Fraud detection and prevention company Breach Clarity announced this week it has developed a new platform to help financial service providers offer personalized protection for their customers. The...
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