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.

Opera Acquires European Banking-As-A-Service Company Pocosys

Fintech News Desk
by Fintech News Desk0
Company to launch a new European fintech operation Opera Limited , one of the world’s leading browser providers is bringing new offerings across content, classifieds and fintech to its large user base of more than 350 million monthly active users. The Norwegian headquartered company announced completion of the acquisition of......

MoneyGram Names Robert L. Villaseñor as General Counsel and Corporate Secretary

Fintech News Desk
by Fintech News Desk0
MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, announced that Robert L. Villaseñor has been named General Counsel and Corporate Secretary. In his role, Mr. Villaseñor will oversee global legal matters for the company and communicate with regulators and lawmakers on matters that impact MoneyGram......

Derivatives Exchange BTCMEX Launches Lucrative Affiliate Program and $120 Trading Bonus

Fintech News Desk
by Fintech News Desk0
Leading derivatives exchange BTCMEX is offering a $120 trading bonus and one of the industry’s most lucrative affiliate programs to all of its users BTCMEX is a new cryptocurrency derivatives exchange that aims to bring opportunities for everyone. The platform started operating at the end of 2019 and already boasts more than $50 million USD in......

Zero-Commission Stock Trading App TradeUP Introduces Referral Bonus to Reward Customers

Fintech News Desk
by Fintech News Desk0
The zero-commission stock trading app TradeUP has unveiled a referral program on its mobile platform where users can get rewards for inviting friends to join TradeUP. Qualified customers who successfully refer a new TradeUP sign-up with funding amount of $100 or more will win two stocks for free (cash equivalent): one worth......

FormFree Founder Brent Chandler Commends CFPB Proposal to Eliminate DTI, Citing Ability to Pay as ‘Best Consumer Borrowing Risk Indicator’

Fintech News Desk
by Fintech News Desk0
FormFree Founder and CEO Brent Chandler responded to this week’s news that Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger indicated the bureau’s decision to propose amending the Ability to Repay/Qualified Mortgage Rule so as to “move away” from debt-to-income (DTI) calculations as a mortgage underwriting factor: First, I commend the CFPB for their courage......

Source-to-Pay Leaders Host Supply Management Executive Forum at ISM2020

Fintech News Desk
by Fintech News Desk0
Former UN Ambassador Nikki Haley and former Secretary of Defense Gen. James Mattis to speak “It’s an exciting time for Supply Management groups everywhere,” said Corcentric Senior Vice President of Source-to-Pay Joe Payne, “this should make for perhaps the most exciting ISM Conference and ExecIn Forum yet.” In addition to sponsoring......

Alphacredit Enters Into an Agreement to Raise up to USD$125 Million From an Investor Group Led by SoftBank’s Latin America Fund

Fintech News Desk
by Fintech News Desk0
AlphaCredit, a Latin American-focused FinTech platform that specializes in consumer lending and financial solutions for SMEs, has signed an equity round for up to USD$125 million led by SoftBank’s Latin America Fund, one of the leading technology investors in the world. The equity infusion will allow AlphaCredit to consolidate its place as......

WEX Signs Definitive Agreement to Acquire eNett and Optal

Fintech News Desk
by Fintech News Desk7
Aligns with WEX’s global growth strategy by extending the Company’s leadership position in the attractive Travel market Accelerates WEX’s revenue growth and is accretive to adjusted net income EPS in the first 12 months Provides significant global geographic diversification while reducing WEX’s exposure to macro-economic fluctuations Complements WEX’s technology and......

MTrac 2020 – An Improved Platform to Increase Compliance

Fintech News Desk
by Fintech News Desk8
Global Payout Inc. and its wholly owned subsidiary MTrac Tech Corporation (“MTrac”) are pleased to announce that the beta phase of the system improvements to MTrac 2020 has been completed. The platform was augmented to accommodate the growing demands of the regulatory agencies that oversee the financial industry. The MTrac team......

MUFG Union Bank Launches Real-Time Payments for Clients on the RTP Network

Fintech News Desk
by Fintech News Desk7
MUFG Union Bank N.A., announced that receipt of real-time payments is available for its corporate, commercial, and retail clients via the RTP® network, operated by The Clearing House. The RTP network provides instantaneous receipt of payments, which increases payment certainty and funds availability, with funds immediately available for use. Real-time payments enable MUFG......
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