On Tuesday, Extend, launched an API that enables SMBs to issue digital cards from any company, including American Express. A spokesperson said that SMBs could input the new system with the providers they are used to without paying switching costs. Orna Albus, chief product officer at Extend said businesses could speed up their transactions. “SMBs […]
Celcoin recently announced the launch of a Banking as a Service (BaaS) API to expand its range of solutions to become a complete player for companies looking to include layers of finance in their systems. Celcoin describes itself as a fintech that provides financial and banking infrastructure and services. According to the company, the new […]
In about six to eight months, FedNow will launch a country-wide interstate highway for payments that will change the financial landscape, Fed Reserve Governor Christopher Waller said on Oct. 25. He said anyone in payments or fintech needs to get ready for 24/7, 365 settlement; the government will provide the infrastructure, and the private industry […]
The following is a guest post from Bob Eckel, President, and CEO, of Aware. Every traditional financial service has an emerging fintech innovation to deliver an even better user experience. And we know that fintech users, in particular, demand the apps and services they engage with be unfalteringly fast, reliable, and secure. As a result, […]
Federico Baradello founded Finalis, the investment banking-as-a-service platform for dealmakers, after working in a sector he knew was long overdue for an upgrade. Baradello began his career at Kirkland and Ellis’s law firm, where he worked on deals involving middle-market tech companies. He soon saw the dichotomy involving cutting-edge tech firms using decades-old technology to […]
The following is a guest post from Divya VS, Senior Architect at SunTec. Technology has changed the rules of business forever. For the banking sector, technology brought about new competition in the form of fintechs and tech giants and allowed customers to do their banking in a new way. Today, it is evident that a homogenized, […]
Franq Open Banking has raised $12 million in a Series A round extension led by Quona Capital. Franq is a Brazil-based fintech that connects customers and businesses to financial products through personal bankers. Quona is a venture capital focused on impact fintechs, with a current portfolio of 47 startups in developing markets. The fund has […]
If people’s interest in digital assets has waned in the face of rising rates, Latin American fintech companies appear to go in the opposite direction. After releasing crypto trading services this year, the Brazilian digital bank Nubank is doubling its bets in emerging technology. The neobank will develop its token –NuCoin– to power up a […]
Here is our pick of the 3 most important stablecoin stories during the week. How do you regulate Stablecoins? This week we saw two major jurisdictions (Singapore and the U.K.) wrestle with this issue, while we got another reminder of what can go wrong when you have an “anything goes” unregulated approach. First, the Monetary Authority […]
Solvento, a Mexican fintech focused on financing small and large transport companies and a pioneer in this sector in Mexico, recently announced a $5 million seed investment. U.S. fund Ironspring Ventures led the round, in which Quona Capital, Proeza Ventures, Dynamo Ventures, Zenda Capital, Susa Ventures, 9yards Capital, and Supply Chain Collective participated. A group […]