Category : Finance

Digital Payments Finance News

DailyPay Secures $300 Million Credit Facility From Barclays in a Landmark Deal for the On-Demand Pay Industry

Fintech News Desk
by Fintech News Desk0
Facility Extends DailyPay’s Leadership Position in On-Demand Pay DailyPay, a leading technology platform, announced it has secured a $300 million revolving credit facility from Barclays. The revolving credit facility will provide DailyPay access to significant capital to service its ever-growing roster of partners, which includes America’s leading employers. “A fortress balance......
Blockchain Finance News

Cuneus Data Lab to Onboard LSEG Refinitiv Analytical Data to Its TDU Blockchain Network

Fintech News Desk
by Fintech News Desk0
Cuneus Data Lab announced an agreement with LSEG’s Refinitiv to start appending Refinitiv data to Cuneus’ layer-1 TDU blockchain network, which was introduced in November 2021. Cuneus dApps standardize Refinitiv’s data on its TDU network into an SDL (super data ledger) consisting of TDUs (tradable data units) and SDUs (structural......
Economy Finance News

Buckle Partners With Cambridge Mobile Telematics to Bring DriveWell Platform to Gig Economy Drivers

Fintech News Desk
by Fintech News Desk0
Program launches for drivers in Maryland and Nevada now, rest of the U.S. later this year Buckle, a tech-enabled financial services company, is partnering with Cambridge Mobile Telematics (CMT), the world’s leading mobile telematics and analytics provider, to bring the award-winning DriveWell telematics platform to its gig economy drivers. “Cambridge Mobile Telematics......
Finance News

Wazoku Secures $2 Million in Growth Financing From SaaS Capital

Fintech News Desk
by Fintech News Desk0
SaaS Capital, the leading provider of growth debt to software-as-a-service (SaaS) companies, announced that it has provided a $2.0 million line of credit to Wazoku. “As we continue to invest in building our market-leading products and global team to drive innovation at scale outcomes for global brands, we are delighted......
Finance News

JPMorgan Chase Commits £1.2 Million to Fair4All Finance to Expand No Interest Loan Scheme

Fintech News Desk
by Fintech News Desk0
The firm’s support will help expand loan scheme and pilot financial coaching support for people in vulnerable circumstances across the UK JPMorgan Chase announced a £1.2 million philanthropic commitment to help low-income and underserved communities across the U.K. access affordable loans and build financial resilience. This new commitment will help......
Finance News Risk Management

Manual Finance Processes Are Stunting Business Growth And Creating Fraud Risk

Fintech News Desk
by Fintech News Desk0
New report, commissioned by Tipalti, reveals the state of accounts payables (AP) in fast-growth businesses, highlighting time wasted on manual workloads New research assessing the state of finance departments in the US and UK reveals that inefficient manual processes are holding back businesses – with four-in-five (80%) finance leaders admitting......
Blockchain Finance News

Velo Labs Announces Multi-Phase Token Burn, Company To Remove 20% Of Total Supply

Fintech News Desk
by Fintech News Desk0
Velo Labs, a blockchain-based technology company revolutionizing financial services, is undertaking a significant token burn as part of their commitment to community members, early backers, and investors in the project. Starting March 16, 2022 the Velo Labs team will burn 6 billion tokens – or 20% of the total supply – at......
Finance Fintech News

MoneyGram Agrees to Settle Legacy Enforcement Matter with New York Department of Financial Services

Fintech News Desk
by Fintech News Desk0
MoneyGram announced it has reached a final agreement to settle its previously disclosed legacy enforcement matter with the New York Department of Financial Services through a consent order (the “agreement”). Pursuant to the agreement, MoneyGram will pay a civil monetary penalty of $8.25 million to the NYDFS and undertake various reporting obligations.......
Finance News

Kymeta Corporation Secures Additional $84 Million in Equity Financing

Fintech News Desk
by Fintech News Desk0
The investment will further enhance, advance, and accelerate Kymeta’s growth and production of next-generation products and services including the low Earth orbit (LEO) upgrade path and other solutions of the future Kymeta, a world leading company for flat panel antennas that make mobile global, announced the closing of additional equity......
Analytics Finance News

Gurobi Releases Study Revealing How Mathematical Optimization Impacts Financial Services Firms

Fintech News Desk
by Fintech News Desk0
Over half of respondents report that mathematical optimization is critical to their business Gurobi Optimization, LLC, creator of the world’s fastest mathematical optimization solver, announced new findings this week that demonstrate the importance of mathematical optimization for financial services organizations. “Financial services firms are modernizing and tapping into the competitive......
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