FTS Daily Roundup starts today! We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in Fintech insights, Trending fintech news, Crypto, Fintech SaaS, Fintech Cloud, Analytics and AI ML. We will cover the role of FTS Daily Roundup and its application in various industries and daily.
FHFA Expands Eligibility Requirements for RefiNow and Refi Possible Refinance Programs
In a major shot in the arm for the US home financial services sector, The Federal Housing Finance Agency (FHFA) has announced two measures to sustainably advance the affordability of homeownership for mortgage borrowers across the nation. These measures would benefit the homeowners belonging to the underserved communities.
HSBC Enters the Banking-as-a-Service Ring with Oracle Tie-up
Global banking giant HSBC has partnered with Oracle to launch a BAAS service for their customers. This partnership will leverage Oracle’s NetSuite cloud accounting and business software with one-tap business banking and HSBC’s payments to automize the sending and receiving of money. While HSBC would benefit from a huge customer data of 27,000 customers of Oracle NetSuite.
Mastercard and Bakkt Partner to Offer Innovative Crypto and Loyalty Solutions
At Money20/20, Mastercard and Bakkt announced a multifaceted partnership to make it easier for merchants, banks and fintechs in the US to embrace and offer a broad set of cryptocurrency solutions and services. Consumers, in turn, will experience expanded access to the digital asset ecosystem.
Plaid Launches A2A Payment Program
The open banking platform Plaid is launching its account-to-account payments. The company has recently failed its $5.3 billion Visa acquisition. The company will combine an ecosystem of European and American payment partners like Currencycloud, Square, and Dwolla to embed Plaid’s powerful connectivity technology to bank payment processing systems.
Q2 and NYDIG Announce First Financial Institutions in the US to Launch Bitcoin Trading Solution
Q2 Holdings, Inc., a leading provider of digital transformation solutions for banking and lending, and NYDIG, a leading bitcoin company, announced Five Star Bank (NY) and UNIFY Financial Credit Union as the first financial institutions in the U.S. to enable their banking clients and members to buy, sell and hold bitcoin, powered by NYDIG.
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