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.

UMMC Partners with AccessOne to Offer Affordable Patient Financing Options Amid Uncertain Economy

Fintech News Desk
by Fintech News Desk0
Jackson, Miss., medical center expands flexible payment plans to address the community’s financial needs AccessOne, a leading provider of patient financing options designed to help consumers manage their healthcare costs, announced its partnership with the University of Mississippi Medical Center (UMMC), Mississippi’s only academic medical center. With AccessOne’s patient financing......

Currency Volatility Costs Companies Nearly $12B in FX Losses, Concludes Kyriba’s Q1 2020 Currency Impact Report

Fintech News Desk
by Fintech News Desk0
Currency volatility has caused more than $12 billion in Q1 2020, according to the latest Kyriba Currency Impact Report (CIR), a comprehensive report from the global leader of cloud treasury and finance solutions, which details the impact of foreign exchange (FX) among 1,200 multinational companies based in North America and Europe. This......

Enova to Acquire OnDeck to Create a Leading FinTech Company Serving Consumers and Small Businesses

Fintech News Desk
by Fintech News Desk0
Enova International and OnDeck, announced that they have entered into a definitive agreement under which Enova will acquire all outstanding shares of OnDeck in a cash and stock transaction valued at approximately $90 million. The implied price of $1.38 per OnDeck share reflects a 43.6% premium to its 90-day volume-weighted average price......

Affirm Partners With Shopify to Exclusively Power Shop Pay Installments in the U.S.

Fintech News Desk
by Fintech News Desk0
Affirm, a more transparent, flexible alternative to credit cards, announced it will exclusively power Shopify’s Shop Pay Installments in the United States. Starting later this year, Affirm’s buy now, pay later financing solution will be made available to eligible Shopify merchants in the U.S. who want to offer this flexible payment option......

First Trust Launches the First Trust Multi-Manager Large Growth ETF

Fintech News Desk
by Fintech News Desk0
First Trust Advisors L.P. (“First Trust”), a leading exchange-traded fund (“ETF”) provider and asset manager, announced today that it has launched a new actively managed ETF, the First Trust Multi-Manager Large Growth ETF (NYSE: MMLG) (the “fund”). The fund seeks to provide long-term capital appreciation by using a multi manager approach......

HMBradley Debuts Credit Card That Offers Up to 3% Cashback with Rewards That Adjust to Your Spending Habits

Fintech News Desk
by Fintech News Desk0
HMBradley, the digital banking platform built to reward savers, today announced that its new HMBradley rewards credit card has arrived, offering consumers 3% cashback for purchases in their highest spending category, 2% for the next highest category, and 1% for all additional charges each month. The card automatically adapts to......

Xtensifi Releases White Paper Addressing Open Banking in U.S. and Implications on Financial Services Industry

Fintech News Desk
by Fintech News Desk0
Xtensifi, a digital consulting and development firm that enables financial institutions and fintech providers to create and execute their mobile and online strategies, announced the availability of its latest white paper, “The Future of Fintech’s Access to Financial Data with Open Banking.”. Read More: Alithya Launches AI-FI Trade Surveillance Solution Powered......

Wells Fargo Launches New Cash Back Deals Program

Fintech News Desk
by Fintech News Desk0
Today, Wells Fargo (NYSE: WFC) announced the launch of My Wells Fargo Deals, a program offering cash back to consumers with an eligible Wells Fargo debit or credit card. Read More: Entrust Datacard Solves Evolving Identity and Encryption Needs with Latest PKI Platform Customers can activate the cash back deals by......

DWS Survey Reveals Pandemic-Driven Changes Insurance Clients Made to Fixed Income Allocations

Fintech News Desk
by Fintech News Desk0
DWS, one of the world’s leading asset managers, today announced the findings of a joint survey with Greenwich Associates of its institutional insurance client base to better understand how COVID-19 might be influencing their investment strategies and asset class allocations. While the majority of insurance clients surveyed indicated that they......

Prime Consumers Under Increasing Financial Strain, According to Latest Reading From Consumer Sentiment Tracker

Fintech News Desk
by Fintech News Desk0
A new study released today by Elevate’s Center for the New Middle Class (CNMC) reveals that prime consumers (those with credit scores of 700 and above) are exhibiting significant financial weakness due to the coronavirus pandemic while conditions for non-prime consumers, a population of approximately 150 million in the United States, seem......
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