Author : Fintech News Desk

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Fintech News Desk is a trained group of web journalists and reporters who collect news from all over the financial technology landscape. The financial services innovations include latest and advanced developments related to Digital banking, wallets, AI, ML, IT, Cloud Security, Privacy and Security, Cyber threat intelligence, Space, Big data and Analytics, Blockchain, and Crypto. To connect, please write to Fintech market analyst at sghosh@martechseries.com.

Sberbank Asset Management achieves highest pension savings yield

Fintech News Desk
by Fintech News Desk0
According to the Pension Fund of the Russian Federation, the yield of the pension savings portfolio managed by Sberbank Asset Management in 1H20 has amounted to 11.24% per annum, which is the best result both among private asset management companies and compared to the public asset management company. At the......

KOHO mass launches free Early Payroll feature to help users stay afloat in between paycheques

Fintech News Desk
by Fintech News Desk0
Canadians can now turn to leading challenger bank KOHO to help pay expenses on time and avoid fees and interest. KOHO launched an Early Payroll feature to their entire user base, which provides users free access to $100 of their paycheque 3 days before the scheduled payday. “It’s really common......

SMB Accounting Automation Leader CANDIS Raises €12M Series B

Fintech News Desk
by Fintech News Desk0
CANDIS, the platform for automated accounting and payment processes, raised €12M in a financing round led by Viola Ventures and Rabo Frontier Ventures, the investment arm of Rabobank. Existing investors Lightspeed Venture Partners, Point Nine Capital, Speedinvest, the main incubator of Commerzbank and 42CAP also participated. Read More: Entrust Datacard......

MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset

Fintech News Desk
by Fintech News Desk0
MicroStrategy® Incorporated (Nasdaq: MSTR), the largest independent publicly-traded business intelligence company, today announced that it has purchased 21,454 bitcoins at an aggregate purchase price of $250 million, inclusive of fees and expenses. The purchase of Bitcoin cryptocurrency was made pursuant to the two-pronged capital allocation strategy previously announced by the company......

Starling, TranSwap and Remitr Among First Wave to Sign up to Currencycloud Spark

Fintech News Desk
by Fintech News Desk0
Currencycloud, the leader in providing embedded cross-border payments, announces the wider rollout of Currencycloud Spark – its multi-currency wallet infrastructure – with Starling Bank, TranSwap and Remitr among the first customers to sign up to the service. Currencycloud Spark gives businesses – and their customers – the ability to receive,......

German Asset Protection Startup DGLegacy Aims to Solve the Multi-Billion-Dollar Global Problem of Unclaimed Assets

Fintech News Desk
by Fintech News Desk0
The newly launched asset protection startup DGLegacy aims to solve the accelerating pandemic of unclaimed assets globally. Unclaimed assets are reaching unprecedented levels, with estimates that “run as high as $80 billion” in the USA according to New York Times and £77B in the UK, according to moneyfacts.co.uk. These are assets which stay in insurance companies, banks, cryptocurrency wallets, and......

Grow Capital, Inc Acquires Second FinTech Company: Public Employee Retirement Assistance

Fintech News Desk
by Fintech News Desk0
Public Employee Retirement Assistance utilizes technology to pair public employees with retirement specialists Grow Capital, Inc (OTCPK:GRWCD) (GRWCD) today announced that it has executed a stock exchange agreement to acquire Public Employee Retirement Assistance, LLC (PERA). GRWCD will acquire 100 percent of the ownership interests of PERA, a third-party marketing......

Westpac Group Partners with Verizon Media DSP for Privacy-led Omnichannel Marketing Solution

Fintech News Desk
by Fintech News Desk0
Westpac Group announced it has partnered with Verizon Media’s Omnichannel DSP across its entire brand portfolio including Westpac Bank, St George Bank, Bank of Melbourne and Bank of South Australia. Read More: GlobalFintechSeries Interview with Curtis Webb, Vice President, Product Management – Emerging Payments at Meta Financial Group and MetaBank......

Tinkoff Launches Charitable Scheme ‘Cashback to Give Back’

Fintech News Desk
by Fintech News Desk0
Tinkoff is happy to announce the launch of its new charitable scheme Cashback to Give Back. The aim of the project is to help get more people donating to worthy causes in Russia. The scheme allows Tinkoff customers to transfer any cashback they receive directly to some of Russia’s biggest charities. Read More: Bank Of The Future: How Banks And Fintechs Are This Decade’s......

Sift Healthcare Secures $2.8 Million in Funding

Fintech News Desk
by Fintech News Desk0
Financing to fund growth of Sift’s data science team and drive accelerated product development(Sift ). Sift Healthcare, a Milwaukee-based data science and analytics company that brings AI to healthcare payments, has announced $2.8 Million in new funding. $1.875 Million of this funding is new equity from investors that include Rock River Capital Partners and the......
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