Tag : Fintech
Open Banking: Will Open Banking Help Reduce Information Asymmetry Between Consumers and Finserv/Fintech Companies?
Open banking is a banking policy that allows third-party financial service providers to access consumer banking, transactional, and other financial data from banking and non-banking financial institutions through Application Programme Interfaces (APIs). This practice has the potential to shape the consumer’s experience of banking services. Under open banking, banks enable......
Save Money, Save Time: Automating Compliance Processes
In 2020, as more and more organisations recognize the risks posed by a lack of spreadsheet management, they will turn to automated controls to mitigate those risks. Two of the primary benefits they’ll realise? They will gain visibility into, and control over, these spreadsheets, and also gain cost savings; we......
Kingdom Trust Now Offers Custody for Hedera Hashgraph
Custody solution helps provide long-term security for HBAR holders Hedera Hashgraph, the enterprise-grade distributed public ledger, and Kingdom Trust, a leading qualified custodian holding cryptocurrency investments, announced that Kingdom Trust has added Hedera’s hbar (HBAR) to its list of acceptable digital currency investments. Read More: Finhabits Launches Microlearning Journeys to Help......
Federal Life Insurance Company Selects DXC Technology to Enhance Policy Buying Experience for Customers and Agents
Federal Life Insurance Company, based in Riverwoods, IL just northwest of Chicago, has gone live with DXC Assure for Life and Wealth to enhance the policy buying experience for their customers and agents, streamline key processes, and drive business growth. DXC’s solution is built on a scalable, cloud-based architecture, implemented......
Plinqit Surpasses $1 Million Saved Since Launch
Plinqit, a brandable, savings app and the only savings tool that pays users for engaging with content, continues its growth, exceeding $1 million in total saved by users since launching last year. In a time of economic uncertainty, Plinqit is helping community financial institutions connect with consumers as they learn......
Tangoe Launches Initiative to Help Companies Reduce Costs and Save Money Amid COVID-19 Economic Crisis
Companies can realize as much as 30% immediate savings with Tangoe analysis of IT invoices, infrastructure and contracts Tangoe, one complete solution for order, invoice, inventory and expense management across telecom, mobile and cloud environments, announced an initiative to help companies reduce costs and save money during the economic downturn......
CIT Collaborates With Fintainium to Provide Fintech Payments Solution
CIT Group announced its Treasury and Payments Services business is collaborating with B2B fintech innovator Fintainium to provide an integrated payments and financial workflow management solution to meet the needs of small and midsize businesses. Read More: GlobalFintechSeries Interview with Griffin McGahey, President at HC3 CIT and Fintainium will waive the first three......
FIS Accelerates Innovation with $150 Million of New Capital for Venture Investments
Financial technology leader FIS announced that FIS Ventures, the newly created corporate venture investment division of FIS, has launched an effort to invest a target of $150 million in promising fintech startups over the next three years. Read More: Former U.S. Secretary of Commerce, Penny Pritzker, Doubles Down on Payments Infrastructure Pioneer......
Fintech Company Kalamata.com Is Facilitating Eligible Small Businesses Paycheck Protection Program Loans up to $2 Million
Kalamata is a financial technology company that provides small businesses with funding. The company has added access to Paycheck Protection Program (PPP) loans to help small businesses that are struggling amid the COVID-19 outbreak. Originally, the CARES Act allotted $349 billion for PPP loans to help businesses cover costs such as mortgage, rent, utilities, and employee......