FTS Daily Roundup starts today! We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in Fintech insights, Trending fintech news, Crypto, Fintech SaaS, Fintech Cloud, Analytics and AI ML. We will cover the role of FTS Daily Roundup and its application in various industries and daily.
Umpqua Bank Deploys $1 Million in Microloans to BIPOC and Women Entrepreneurs through Innovative Kiva Partnership
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation, announced that its innovative crowdfunding partnership with Kiva has reached the initial goal of deploying $1 million in microloans. Since April, the Umpqua Bank Loan Fund has supported nearly 200 BIPOC and women entrepreneurs, addressing a critical gap in access to funding for many small business owners.
BankiFi and MX Partner to Enable Data Sharing and Account Connectivity for Financial Institutions Serving SMB Customers
BankiFi, a leading provider of embedded banking solutions, has partnered with MX Technologies, Inc., a leader in open finance, to enable secure data sharing and account connectivity for businesses using BankiFi’s platform.
Alida Enters Funding Agreement Led By National Bank of Canada for USD $60 Million
Alida, a leader in experience management, announced it has secured a USD $60 million syndicated credit facility from lead lender National Bank of Canada through its Technology and Innovation Banking Group. Co-lenders include BMO, Comerica, and Silicon Valley Bank. The funding offers the company meaningful capital to continue its long-term growth trajectory.
Prepay Nation Partners With Neofie to Offer Customers Prepaid Products
Prepay Nation, a leading global B2B prepaid products marketplace and Neofie, a Banking as a Service (BaaS) leading provider entered into a strategic agreement to offer embedded top-up and gift card solutions as part of Neofie’s BaaS white-label platform.
Sacombank Selects Temenos Infinity to Elevate Digital Banking and Deliver Seamless Omnichannel Experience
Temenos announced that Sacombank, one of the largest banks in Vietnam with over 15 million customers, has selected Temenos Infinity to elevate its digital banking and deliver a seamless omnichannel experience to retail and business customers.
