Search Results for: traditional banking

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......
First Consumer Fintech in US History Gains Full Regulatory Approval to Become a National Bank
Banking Fintech News

First Consumer Fintech in US History Gains Full Regulatory Approval to Become a National Bank

Fintech News Desk
by Fintech News Desk0
Historic charter award defines a new beginning for digital banking, providing comprehensive services aimed at the 180 million Americans underserved by the traditional system(Fintech ) Varo Money, announced it has been granted its national bank charter from the Office of the Comptroller of the Currency (OCC) and secured regulatory approvals from......
Wells Fargo Launches New Low-Cost Account With No Overdraft Fees
Banking Fintech News

Wells Fargo Launches New Cash Back Deals Program

Fintech News Desk
by Fintech News Desk0
Today, Wells Fargo (NYSE: WFC) announced the launch of My Wells Fargo Deals, a program offering cash back to consumers with an eligible Wells Fargo debit or credit card. Read More: Entrust Datacard Solves Evolving Identity and Encryption Needs with Latest PKI Platform Customers can activate the cash back deals by......
Thought Machine Announces $125m Series B Funding Round – Driving Continued International and APAC Expansion
Banking Fintech Fintech Funding News

Thought Machine Announces $125m Series B Funding Round – Driving Continued International and APAC Expansion

Fintech News Desk
by Fintech News Desk0
Thought Machine, the cloud native core banking technology firm, with its APAC headquarters in Singapore, marks its entrance into the Asia Pacific market by announcing the signing of an additional $42m in funding for its series B round. This round extension will close in early August and is led by......
Watchdog Capital Announces Securities Offering Platform
Blockchain Fintech News

Watchdog Capital Announces Securities Offering Platform

Fintech News Desk
by Fintech News Desk0
Watchdog Capital announces a new securities offering platform. Watchdog Capital is focused on the intersection of digital securities and traditional assets. The firm recognizes the potential of distributed ledger technologies, Bitcoin, and related blockchain applications to modernize and improve the global securities market. Read More: Binance Card Launches in Europe,......
Fintech Guest Posts

When FinTech Goes Free-Range

Jeet Singh
by Jeet Singh0
Fintech started as tech for financial firms, but the needs of consumers for other money-related activities had already started to broaden its range. Will COVID-19 and a recession mean a retrenchment or an expansion for broader consumer fintech? The history of fintech is long, centuries even, depending on what you......
Fintech Fintech Funding News Risk Management

Privacy.com Raises $10.2 Million to Help Businesses and Developers Create Virtual Payment Cards

Fintech News Desk
by Fintech News Desk0
New funding will fuel the expansion of Privacy’s Card Issuing API, the simplest way for developers to create virtual debit cards Privacy.com, a virtual card platform that provides secure payments for businesses and consumers, has announced $10.2M in Series A funding. The round was led by Teamworthy Ventures with participation from Tusk......
News Risk Management

CyberGRX Sees Massive Success Marking First Year Down Under

Fintech News Desk
by Fintech News Desk0
CyberGRX, provider of the world’s first and largest global risk exchange, is marking a year of significant progress since establishing its Australian presence. The company’s international expansion into the region last year, supported by many investors and partners, has allowed customers to mitigate the cyber risks that come as a......
ACI Speedpay Pulse Study Finds Nearly 70 Percent of Consumers Prefer Digital Options for Making One-Time Bill Payments
Banking Fintech News

ACI Speedpay Pulse Study Finds Nearly 70 Percent of Consumers Prefer Digital Options for Making One-Time Bill Payments

Fintech News Desk
by Fintech News Desk0
ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, has announced the results of the 2020 ACI Speedpay Pulse study, which shows nearly 70 percent (67.4) of respondents prefer digital payment options such as website and mobile app channels to pay one-time bills. A consumer billing and payment trends......
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