Search Results for: $1 million fund

Osaka Matsui Management Says With IPO Looming, Jack Ma’s Ant Group Earns $3.5 Billion Profit in Six Months
Fintech News

Osaka Matsui Management Says With IPO Looming, Jack Ma’s Ant Group Earns $3.5 Billion Profit in Six Months

Fintech News Desk
by Fintech News Desk0
Analysts at Japanese financial services company Osaka Matsui Management have said that billionaire Jack Ma-backed Chinese financial-technology juggernaut Ant Group Co. earned an estimated $3.5 billion during a recent six-month period, demonstrating how lucrative the company’s business has been as it moves closer towards a blockbuster initial public offering. Read More: COVID-19......
Artificial Intelligence Fintech News

Sootchy App Aims to Make Debt-Free College a Reality for Every Child by Eliminating Student Loans through 529 Plans

Fintech News Desk
by Fintech News Desk0
First-of-its-kind AI-enabled fintech platform helps avoid a future of student loan debt by leveraging friends and family networks–and tax advantaged 529 accounts Sootchy, a mobile and desktop college savings platform, is launching this fall to help millions avoid crushing student debt through the gifting power of family and friends and......
Banking Fintech News

Real-Time Payments Gaining Traction Among Businesses

Fintech News Desk
by Fintech News Desk0
Survey from Citizens Commercial Banking finds nine out of 10 businesses interested in new payment standard Real-time payments (RTP), the emerging standard in U.S. billing and payment processing, continues to gain traction among businesses with nine out of 10 business leaders reporting interest in the network, according to Citizens Commercial Banking’s......
Fintech

Fig Tech Partners with Upper90 to Lead Digital Transformation of Non-profit Lending Programs

Fintech News Desk
by Fintech News Desk0
Fig, a technology driven Community Development Financial Institution (CDFI), and Upper90, a leading alternative credit provider, are building tailored software solutions for underbanked Americans. Fig’s technologies empower community organizations to reach a significantly larger client base at a fraction of the cost. Early adopters of the platform include the United Way of Greater......
USA Technologies Announces Rebrand to Cantaloupe
Fintech News

USA Technologies Announces New Credit Facility

Fintech News Desk
by Fintech News Desk0
USA Technologies, Inc. a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, announced today that it has entered into a new Credit Agreement with JP Morgan Chase Bank, N.A. The Credit Agreement provides for a $5 million secured revolving credit facility and......
Fenergo Reports Rapid Cloud Adoption in Financial Sector Digital Awakening
Fintech News

AML, KYC and Sanctions Fines for Global Financial Institutions Reach $5.6 Billion Mid-Year

Fintech News Desk
by Fintech News Desk0
Repercussions from high profile scandals and compliance failings hit US, Israeli, Nordic and German banks hardest Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions, today released its mid-year findings on global financial institution fines which show that by the end of July 2020, penalties......
Prime Trust and Strike Protocols Partner to Enable Connectivity and Clearing Directly from Custody
Business

Global Blue and Far Point Announce Agreements to Facilitate the Closing of the Pending Business Combination

Fintech News Desk
by Fintech News Desk0
Global Blue, a leading strategic technology and payments partner empowering global merchants to capture the growth of international shoppers, and Far Point Acquisition Corporation (“FPAC”) (NYSE: FPAC, FPAC.UN, and FPAC.WS), a special purpose acquisition company co-sponsored by the institutional asset manager Third Point LLC (“Third Point”) and former NYSE President......
Ameriprise Financial Welcomes Advisors from Morgan Stanley and Wells Fargo with $259 Million in Assets
Fintech News

Compelling Digital Client Experience Draws Advisor Team to Ameriprise Financial

Fintech News Desk
by Fintech News Desk0
Former NYLIFE team excited to leverage ‘smartly designed’ client-facing technology to keep focus on clients and building practice A team of financial advisors recently joined the franchise channel of Ameriprise Financial Inc. (NYSE: AMP) from NYLIFE Securities with $114 million in client assets. The team, called Oak Bridge Financial, includes......
Banking Fintech News

American Express in Advanced Talks to Buy Kabbage

Fintech News Desk
by Fintech News Desk0
American Express Co.’s small-business aspirations just took another step forward. The credit-card giant is in advanced talks to buy Kabbage Inc., a deal that would make AmEx a bigger lender to mom and pop shops. The company is already the largest U.S. provider of credit cards to those types of operations.......
Quantitative Brokers Marks 10th Anniversary
Fintech News Trading

Quantitative Brokers Marks 10th Anniversary

Fintech News Desk
by Fintech News Desk0
QB Decade of Growth Leads Global Rise of Multi-Asset Algo Trading; More Than $13 Trillion in Total Futures and Government Bonds Transacted Quantitative Brokers (QB), an independent provider of advanced execution algorithms and data-driven analytics for global futures and interest rate markets, marks the 10th anniversary of its first trade execution......
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