FTB News Desk - FinTecBuzz

Purchasing Power® Acquires DoubleNet Pay Technology Platform

FTB News DeskOctober 24, 20187 min

Atlanta-Based Purchasing Power, LLC to Offer Innovative Financial Services Platform to Help Employees Save for Goals and Pay Bills Purchasing Power®, an employee purchase program offered as a voluntary benefit, has closed on its first-ever acquisition by purchasing the software technology assets of DoubleNet Pay, Inc., an Atlanta-based fintech company. Closed on Sept. 28, the acquisition provides innovative technology for Purchasing Power to present automated savings and bill-paying capabilities to its ecosystem of large U.S. employers and...

Authentication Security

Zing Token successfully lists on IDAX, making value within the Chinese Music Industry exchangeable for the first time

FTB News DeskOctober 24, 20186 min

The Zing Token (ZING), a crypto-token built upon the foundations of the Ethereum Blockchain, successfully listed on IDAX, one of the leading crypto-exchanges in the world, thereby completing the full ecosystem that its founders set out to develop. At 1600 GMT+8, Zing Token (Ticker: ZING) was successfully listed on IDAX, one of the top ten crypto-exchanges in the world as ranked on www.coinmarketcap.com. The much awaited listing has made the Zing Token, a representation of value within the Chinese...

Analytics/BI Data & Analytics

AdvisorClarity Powers Up Business Intelligence Platform, Infuses FinMason’s Robust Investment Analytics

FTB News DeskOctober 24, 20188 min

Advisors can now gain a clearer picture of business with coupling of business intelligence and investment analytics technology AdvisorClarity, a leading provider of comprehensive business intelligence software for independent financial advisory firms, announced today that the firm has selected FinMason to power its investment analytics. FinMason, a rapidly growing fintech firm operating one of the largest investment analytics platforms in the world, will provide AdvisorClarity with immediate access to robust analytics, accelerating and enhancing the development...

Investment Platforms Investments

Himamauli Das, Executive Branch Trade And Investment Official, Joins C&M International

FTB News DeskOctober 24, 20189 min

NEW SENIOR ADVISOR IS AUTHORITY ON FOREIGN INVESTMENT, FINANCIAL REGULATION, INTERNATIONAL TRADE AND FINANCIAL INSTITUTIONS Crowell & Moring International (CMI) LLC is pleased to announce that Himamauli “Him” Das, former Senior Director for International Trade and Investment at the National Security Council and National Economic Council, as well as the former Acting Deputy Assistant Secretary for Trade and Investment at the Treasury Department, has affiliated with the firm as Senior Advisor. With nearly two decades of experience...

Brokers/Trading Platforms

ARIVE Announces New Broker Ecosystem

FTB News DeskOctober 24, 20187 min

A Comprehensive Marketplace for Independent Mortgage Brokers ARIVE, LLC. is pleased to announce the upcoming launch of their innovative new ecosystem for independent mortgage brokers, allowing them to leverage their personal connections and local knowledge to serve borrowers in a whole new way. Designed to fill the real-world needs of independent brokers, ARIVE will offer a seamless experience to unite lenders, borrowers, and third-party vendors. Brokers will be able to check pricing, lock rates, upload...

Insurance Insurance – Consumer Platform

Report Maps FinTech Revenue Models That Are Getting Traction With US Consumers

FTB News DeskOctober 23, 201816 min

FinTechs offering financial health-oriented solutions are making inroads into consumers’ trust and showing the industry that companies can do well by doing good REDWOOD CITY, Calif., Oct. 23, 2018 /PRNewswire/ — Omidyar Network, the impact investing firm established by Pierre Omidyar, the founder of eBay, and Oliver Wyman, the global management consultancy, today released “Breaking New Ground in FinTech: A Primer on Revenue Models that Create Value and Build Trust.“ The research report maps out a new set of practices by...

Blockchain

iGTB and R3 partner for next-gen blockchain-enabled financial technology platform solutions

FTB News DeskOctober 23, 20188 min

Scalable financial services solutions on the back of open source enterprise blockchain software, for integrated trade and cash management for transaction banks as well as digital enablement for central banks. Intellect Global Transaction Banking (iGTB), the transaction banking division of Intellect Design Arena Ltd, the leading B2B fintech with 21% CAGR over three years, has joined enterprise software firm R3’s collaborative initiative to develop innovative applications and solutions on its Corda blockchain platform. iGTB is...

Direct Lending Direct Lending – Business

iGTB and Bolero International Partner for Revenue Enablement and Capital Optimisation

FTB News DeskOctober 23, 20188 min

New partnership will build on a strong foundation of digitally-enabled global multiparticipant ecosystems. Intellect Global Transaction Banking (iGTB), the transaction banking division of Intellect Design Arena Ltd, the leading B2B fintech with 21% CAGR over three years, has entered into a collaboration agreement with Bolero International, the world’s premier trade digitisation experts, with goals to make trade safer, smarter and faster. Both firms are looking at exploring developments of digitally-led commercial trade and supply chain...

Direct Lending Direct Lending – Business

Hummingbird Raises $3 Million to Modernize Anti-Money Laundering

FTB News DeskOctober 22, 201814 min

With funding from Homebrew, Omidyar Network, TTV Capital, and Designer Fund, the company continues its mission to fight financial crime Hummingbird, the modern platform for anti-money laundering (AML), announced that it has raised $3 million in a funding round led by Homebrew, with investments from Omidyar Network, TTV Capital, and Designer Fund. Hummingbird brings agility, intelligence, and breadth to the AML practice for banks, payments companies, and other financial institutions. Many of these institutions struggle to keep up with increasing complexity in...

API API/Connectivity

Kasisto Named to the 2018 CB Insights Fintech 250 List of Fastest-Growing Fintech Startups

FTB News DeskOctober 22, 20189 min

Kasisto honored for achievements in Conversational AI CB Insights today named Kasisto to the second annual Fintech 250 list, a prestigious group of emerging private companies working on groundbreaking financial technology. “After we named the inaugural Fintech 250 in 2017, they went on to raise $23B including 30 rounds of over $100 million. 22 of the Fintech 250 have already exited with half via IPO. This year, we’ve added 113 new companies to the Fintech 250 using the CB Insights...

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