Tag : Neobanks

Dave Announces Repurchase of $100 Million Convertible Note from FTX for $71 Million
Banking News

Dave Announces Repurchase of $100 Million Convertible Note from FTX for $71 Million

PR Newswire
by PR Newswire0
Dave, one of the nation’s leading neobanks, announced it has reached an agreement with FTX Ventures Ltd. (“FTX”) to purchase a convertible promissory note that it previously issued to FTX in the original principal amount of $100 million, for a discounted purchase price of $71 million. FTX filed a motion in......
Canadian Financial Institutions Have Ample Opportunity to Meet the Needs of the Modern, Digital Consumer
Banking Fintech News

Canadian Financial Institutions Have Ample Opportunity to Meet the Needs of the Modern, Digital Consumer

GlobeNewswire
by GlobeNewswire0
Javelin Strategy & Research Names Best in Class and Leaders in Canadian Digital Banking in Latest Scorecard Report Javelin Strategy & Research released its 2023 Canadian Digital Banking Scorecard. The third edition of the scorecard underscores the opportunities for each of the seven largest retail financial institutions in Canada to......
Juniper Research: Banking-as-a-Platform Market Revenue Set to Grow over 1,125% by 2028,
Banking News

Juniper Research: Banking-as-a-Platform Market Revenue Set to Grow over 1,125 Percent by 2028

Business Wire
by Business Wire0
A new study from Juniper Research, the foremost experts in fintech, has found global revenue from BaaP (Banking-as-a-Platform) services will increase to $49 billion globally in 2028, from $4 billion in 2023. “A business model that enables third-party partners to build products and services for bank customers, most commonly a technology......
Small Businesses Benefit Most from Real-time Payments Technology
Commerce Guest Posts Payment gateways

Small Businesses Benefit Most from Real-time Payments Technology

Justin Adler
by Justin Adler0
Real-time payments are all the rage in 2023—and for good reason. From The Clearing House to The Federal Reserve, leading payment providers are jumping at the opportunity to deliver faster transfer methods to eager users. But, while consumer benefits are clear and large financial institutions are catering to up-market customers,......
9 best fintech innovations
Featured Fintech Fintech Primers Fintech Radar

9 Best Fintech Innovations Of 2022

Pooja Choudhary
by Pooja Choudhary0
Fintech is among the brilliant industries of the world. As executions, developments, and guidelines take a leap forward, Fintech has become more pertinent to both clients and organizations. There’s so much ahead for digital innovation, and underneath we investigate a portion of the top fintech patterns we have so far......
Froda and Yabie Sign Partnership to Democratize Small-Business Financing and Entrepreneurship
Fintech News

Froda and Yabie Sign Partnership to Democratize Small-Business Financing and Entrepreneurship

Fintech News Desk
by Fintech News Desk0
Froda and Yabie are two of Sweden’s fastest-growing fintech companies. Now, they are entering into a new partnership to launch Yabie Loans, a new service for entrepreneurs looking to invest in their ideas and grow their business. The service is based on Froda’s tech platform Financing as a Service. Many......
Regional Banking in 2022
Banking Guest Posts

The Industry Consolidation Trend and What This Means for Regional Banking in 2022

Shawn Conahan
by Shawn Conahan0
The banking industry is experiencing an unprecedented transformation. With 3,000 new fintechs and neobanks shaking up the traditional banking system, what does this mean for consumers and the financial services industry? These new banks may not be stealing large swaths of customer share from the Citibanks and Chases of the......
Fintechs Must Embrace a Good Customer Experience to Compete
Analytics B2B B2C Guest Posts Insights

Fintechs Must Embrace a Good Customer Experience (CX) to Compete

Daniel Siekmann
by Daniel Siekmann0
Whether due to pandemic-related factors or consumers’ ongoing desire for more convenient banking options, the fintech sector is booming. In the first quarter of 2022 alone, venture capital investments in fintech startups topped $29 billion, and the median pre-money valuation for late-stage fintech companies hit $257.5 million. That’s 44.5 percent......
ThetaRay Partners with Qolo to Provide Transaction Monitoring Technology for the Omnichannel Payments Platform
Artificial Intelligence Digital News

ThetaRay Joins Qolo to Provide Transaction Monitoring Technology for the Omnichannel Payments Platform

Fintech Analyst
by Fintech Analyst0
AI’s role in solving complex business problems has reached another milestone, this time in detecting financial frauds using transaction monitoring systems that can be linked with omnichannel commerce payments platforms. ThetaRay, a leading provider of AI-powered transaction monitoring technology, and Qolo, announced a collaboration to detect and prevent financial crimes......
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