Search Results for: financial resilience

Norwegian Block Exchange Raises €5.84 Million in Fresh Capital
Banking Business Fintech News

Norwegian Block Exchange Raises €5.84 Million in Fresh Capital

Fintech News Desk
by Fintech News Desk0
Just before New Year, the Norwegian Block Exchange (NBX) completed a NOK 60 million (EUR 5.84 million) equity private placement with Pareto Securities, a leading investment bank in the Nordics, acting as sole lead manager and guarantor of the deal. Read More: GCash Attracts Fresh Investment From Bow Wave The......
Business Fintech News

U.S. Banks Face Up to US$320 Billion in Credit Write-offs in 2020 Due to COVID-19, Accenture Report Finds

Fintech News Desk
by Fintech News Desk0
Banks ramp up credit management capabilities to help support small businesses and consumers weather the financial impact of the global pandemic As many countries across the globe shift from public-led stimulus to private-led debt to reduce the impact of COVID-19 on the financial system, the burden to keep the economy......
Customers Bank Appoints Industry Veteran Daniel Park as Senior Vice President, Treasurer
Banking Fintech Fintech Funding News Risk Management

Customers Bank Appoints Industry Veteran Daniel Park as Senior Vice President, Treasurer

Fintech News Desk
by Fintech News Desk0
Customers Bank is pleased to announce industry veteran Daniel Park has joined the bank as Senior Vice President and Treasurer. Park will use his three decades of experience to enhance interest rate risk management processes, integrate capital and liquidity stress testing into corporate planning, as well as optimize funding, liquidity......
Varo Raises $241 Million Series D as it Moves Closer to Being the First Fintech to Become a National Bank
Capital Markets Fintech Fintech Funding InsurTech Investment Services Mobile Banking News

Varo Raises $241 Million Series D as it Moves Closer to Being the First Fintech to Become a National Bank

Fintech News Desk
by Fintech News Desk0
Mobile banking company Varo Money, announced it has closed a $241 million USD Series D round, co-led by new investor Gallatin Point Capital and existing investor The Rise Fund, co-founded by TPG, U2 lead singer Bono and Jeff Skoll, a global entrepreneur, impact investor and movie producer. Other new investors joining the round include......
FinFit Now Available to Customers of Oasis, a Paychex® Company
Fintech News

FinFit Now Available to Customers of Oasis, a Paychex Company

Fintech News Desk
by Fintech News Desk0
FinFit, a FinTech company that provides over 150,000 employers with a unique financial wellness benefit platform, announced that customers of Oasis, a Paychex Company will now have access to this product which includes a comprehensive suite of essential tools and resources to help improve their financial health and well-being. Read......
Artificial Intelligence Banking Digital Payments Featured Finance Fintech Risk Management Security

Fraud Benchmarking With FinTech

Prajakta Ayade
by Prajakta Ayade0
Fraud has become a growing concern across industries as digital transformation accelerates. Within financial technology (FinTech), the rapid adoption of digital services, APIs, and real-time processing has brought innovation and efficiency while introducing new vulnerabilities to fraud. Fraud benchmarking, a strategic process that evaluates an organization’s fraud management practices against......
Majority of banks and insurers struggle to maximize the value from their cloud investments
Cloud Finance Fintech Investments News

Majority of banks and insurers struggle to maximize the value from their cloud investments

GlobeNewswire
by GlobeNewswire0
Majority of banks and insurers struggle to maximize the value from their cloud investments Less than 40% of financial services executives say they are highly satisfied with their cloud outcomes Most banks and insurers adopt cloud solutions with the primary objective to drive operational efficiency (84%) Protecting customer data and......
Artificial Intelligence Banking Digital Payments Featured Finance Fintech Risk Management Security

Leveraging AI and Data Analytics for Better Risk Assessment

Fintech Staff Writer
by Fintech Staff Writer0
The rapid evolution of financial technology has brought forward innovative ways to borrow and lend, transforming how consumers approach personal finance. One standout development in this space is the rise of Buy Now, Pay Later (BNPL) services, a flexible and accessible lending model that has disrupted traditional banking and credit......
Banking Digital Payments Featured Fintech

Building Resilient Fintech Systems for High-Volume, Low-Latency Payments Processing

Prajakta Ayade
by Prajakta Ayade0
FinTech systems are at the forefront of transforming the way payments are processed. With the increasing demand for instant and seamless financial transactions, building resilient FinTech systems capable of handling high-volume, low-latency payment processing has become a critical requirement. To achieve this, several key factors must be considered, including system......
Swift to Launch AI-Powered Fraud Defence to Enhance Cross-Border Payments
Artificial Intelligence Digital Payments Fintech News

Swift to Launch AI-Powered Fraud Defence to Enhance Cross-Border Payments

Business Wire
by Business Wire0
Swift is rolling out an AI-powered anomaly detection service to help banks proactively detect and defend against potential financial crime The new service follows a successful pilot with financial institutions across Europe, North America, Asia and the Middle East, and is part of a broader portfolio of Swift-facilitated AI innovation......
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