Author : Sudipto Ghosh
Are Some Banks on Wrong Side of History on Cryptocurrencies?
Banks and other financial institutions who still refuse to recognize major cryptocurrencies, such as Bitcoin, as a legitimate asset class are putting themselves on the wrong side of history, says the CEO of one of the world’s largest independent financial advisory and fintech organizations. Read More: Global Fintech Interview with Michael......
DailyPay Raises $500 Million to Boost On-demand Pay Solutions Market
B2B Fintech company DailyPay has announced it has secured $500 million of capital. DailyPay is a leader in on-demand pay solutions for enterprises. DailyPay secured a $175 million Series D equity round led by Carrick Capital Partners with participation from existing investors. In addition, the company also raised $325 million......
JD Power Reports Big 5 Canadian Banks Losing Traction in Customer Satisfaction
According to JD Power’s latest report, the overall satisfaction among bank customers in Canada declined year over year, especially among customers of Big 5 banks. The findings have been published in the J.D. Power 2021 Canada Retail Banking Satisfaction Study. Compared to the midsize banks, the overall satisfaction of 787......
With $18.8 Billion in Assets, Customers Bank Furthers National Expansion
Customers Bank, a digital forward consumer and commercial bank with approximately $18.8 billion in assets, is building upon its national recognition for providing innovative banking products and services to commercial clients to advance its national expansion. The next phase of the expansion includes opening a new commercial banking office in......
The National Bank of Texas Partners with Teslar Software To Grow Lending Portfolio
Teslar Software announced that The National Bank of Texas selected its platform to enhance operations and increase transparency within their lending portfolio. Teslar is a leading provider of portfolio management tools that aggregate and automate lending and deposit operations for community financial institutions. Teslar completely removes the need to rely......
Canadian InvesTech Firm Wealthsimple Raises $750 Million
Meet Wealthsimple, a fintech company backed by Drake and a dozen other investors. What started as a four-person company has announced its latest funding round with the vision to become Canada’s most valuable financial technology company. Read Also: Fintech Primer: What is Contactless Payment? Wealthsimple’s CEO announced his company’s $750 million......
Data Exfiltration Extortion Reaches Highest Inflection Point; Globally Companies Lost $80 Billion+ to Ransomware
Companies are losing billions of dollars to Data Exfiltration Extortion and ransomware attacks. Fintech industry is one of the hardest-hit. Over the past few months, we have witnessed some of the biggest cyber extortions arising from ransomware and data exfiltration, both inflicting severe damage to key markets, including fintech, IT......