Category: Banking
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PayTabs Group partners with Fintech Galaxy
PayTabs Group, a leading payment processing company, is thrilled to announce its partnership with Fintech Galaxy, one of the most prominent fintech ecosystem enablers, aimed at promoting innovation and collaboration in the financial technology sector. Increased Market Reach: By partnering with Fintech Galaxy, PayTabs Group can expand its customer base and reach new markets, tapping…
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Briq raise USD 8 million in extension funding
Briq Raise USD 8 Million in Extension Funding Briq, a leading construction finance software provider, has successfully raised USD 8 million in extension funding. This new injection of capital comes as a significant boost for the company, allowing them to further expand their innovative platform and continue transforming the way construction projects are managed and…
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Pinwheel expands direct deposit solution via Jack Henry partnership
Pinwheel, a fintech startup revolutionizing access to payroll data, has announced an expansion of its direct deposit solution through a strategic partnership with Jack Henry & Associates. This collaboration allows Pinwheel to integrate its technology with Jack Henry’s existing suite of banking software solutions, providing seamless direct deposit capabilities to financial institutions and their customers.…
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Andaria collaborates with London and Partners
London, UK – Andaria, a leading technology company specializing in innovative solutions, is thrilled to announce its collaboration with London and Partners, the official promotional agency for London. As part of this collaboration, Andaria will be working closely with London and Partners to enhance London’s technology ecosystem by fostering innovation, promoting entrepreneurship, and attracting global…
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LHV launches Savings Account solution
LHV, a leading financial institution, has recently introduced its revolutionary Savings Account solution, providing customers with an enhanced banking experience. This new offering combines attractive interest rates and flexible features, allowing individuals to effectively manage their savings without compromising on accessibility. The LHV Savings Account solution is designed to address the evolving needs of modern…
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Digital Onboarding obtains USD 58 million in growth capital
Digital Onboarding, a leading company providing innovative onboarding solutions, announced today that it has successfully raised USD 58 million in growth capital. This new funding will support the company’s mission to revolutionize the digital onboarding experience for customers, further expanding its market presence. The latest funding round saw participation from top-tier venture capital firms, including…
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Tesla partners with Origence
A new collaboration to drive innovative solutions in the automotive industry About Tesla Tesla Inc., founded by entrepreneur Elon Musk, is revolutionizing the automotive industry with its cutting-edge electric vehicles. Known for its sustainable approach and environmentally friendly practices, Tesla has set a benchmark for electric car manufacturing. About Origence Origence is a leading technology…
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UnionBank selects Informatica’s solution
UnionBank, one of the leading banks in the region, has chosen Informatica’s cutting-edge solution to enhance their data management and analytics capabilities. The decision to implement Informatica’s solution comes as part of UnionBank’s ongoing effort to stay at the forefront of digital transformation in the banking industry. With Informatica’s advanced technology, UnionBank aims to streamline…
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Citi and LuminArx Capital launch Cinergy
Citi and LuminArx Capital Launch Cinergy A Revolutionary Partnership in the Energy Sector Leading global financial institution Citi has joined forces with energy investment firm LuminArx Capital to launch Cinergy, a groundbreaking initiative aimed at transforming the energy sector. This partnership aims to address the challenges faced by the industry and drive innovation towards sustainable…
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WealthArc and ZeroLink launch AI-powered chat service
WealthArc and ZeroLink Launch AI-Powered Chat Service In an exciting collaboration, WealthArc and ZeroLink have joined forces to introduce an innovative AI-powered chat service. This cutting-edge technology aims to revolutionize communication within the financial industry and enhance wealth management services. About WealthArc WealthArc, a leading provider of digital wealth management solutions, has been at the…
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CFPB proposes rule to end bank overdraft loophole for large banks
The Consumer Financial Protection Bureau (CFPB) has recently proposed a new rule aiming to close a bank overdraft loophole primarily benefiting large financial institutions. This proposal aims to protect consumers from excessive fees charged for overdraft services and create a more level playing field for banks of all sizes. Currently, banks have the option to…
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Plum launches Spend Tracker feature
London, UK – April 10, 2023 Plum, the innovative finance management app, has announced the launch of its new Spend Tracker feature, empowering users to take control of their spending habits and make informed financial decisions. The Spend Tracker, an intuitive tool integrated into the Plum app, provides users with a comprehensive overview of their…
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Payhawk secures EMI licence in the UK
London, United Kingdom – Payhawk, a leading fintech company offering a next-generation all-in-one finance solution, announced today that it has been granted an Electronic Money Institution (EMI) licence by the Financial Conduct Authority (FCA) in the United Kingdom. This EMI licence enables Payhawk to provide enhanced financial services to businesses and clients within the UK…
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Panacea Financial raises USD 24.5 million in Series B funding
Chicago, IL – Panacea Financial, a leading financial services provider for doctors, has successfully raised USD 24.5 million in a Series B funding round. The funding will help the company expand its offerings and bolster its position in the market. Panacea Financial has gained prominence in recent years by providing specialized banking and comprehensive financial…
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Tonik enters SME lending
Tonik, the first fully digital bank in the Philippines, has announced its entry into the SME lending market, aiming to revolutionize the way small and medium enterprises access financing. With its innovative digital banking solutions, Tonik aims to provide convenient and affordable lending options to SMEs, which often struggle to secure traditional bank loans due…
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Elevations Credit Union launches with Alkami’s banking platform
Elevations Credit Union, a well-established financial institution, has taken a significant step towards enhancing its digital banking capabilities with the launch of Alkami’s innovative banking platform. This move is expected to revolutionize the banking experience for its customers, offering a wide range of digital banking services and empowering members to manage their finances seamlessly from…
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Allied Banking Corporation migrates banking capabilities to the cloud
Revolutionizing the world of finance, Allied Banking Corporation has paved the way for the seamless migration of its banking capabilities to the cloud. This transformational shift represents a monumental leap forward in the banking industry, bringing numerous benefits to both the bank and its customers. Why migrate to the cloud? The decision to migrate banking…
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Raqami partners with Euronet Pakistan
Exciting news in the world of digital payments has emerged as Raqami, the leading fintech startup, has announced a groundbreaking partnership with Euronet Pakistan, a well-established global financial services provider. This collaboration holds immense potential to revolutionize the financial landscape of Pakistan and drive significant growth in the digital payment sector. Unlocking Innovation in Digital…
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Kumari Bank partners with Compass Plus Technologies
Kumari Bank, a leading financial institution in Nepal, has announced a partnership with Compass Plus Technologies, a global provider of advanced payment solutions. As a result of this collaboration, Kumari Bank aims to enhance its digital banking capabilities and revolutionize payment services for its customers. The Benefits of the Partnership By partnering with Compass Plus…
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Citigroup to cut 10% of its workforce as part of a corporate overhaul
Citigroup to Cut 10% of its Workforce as Part of a Corporate Overhaul New York, NY – In a move aimed at improving profitability and efficiency, Citigroup announced plans to cut 10% of its workforce as part of a comprehensive corporate overhaul. The decision comes as the global banking giant looks to streamline operations and…