BusinessWire - FinTecBuzz

Parafin & Fullsteam Pass $125M in SMB Capital Financing

BusinessWireOctober 9, 20254 min

Parafin, a leader in embedded financial services, and Fullsteam, a software and payments platform serving vertical-specific businesses, today announced they have surpassed $125 million in financing through their embedded capital partnership. Launched in September 2022, Parafin and Fullsteam’s partnership enables small businesses to access financing directly through the Fullsteam ecosystem. Since its inception, the program has expanded to support many of Fullsteam’s business units across industries such as salons, party rentals, limo services, and breweries....

Crypto Currencies

U.S. Bank to Custody Reserves for Anchorage Stablecoins

BusinessWireOctober 9, 20255 min

U.S. Bank announced today that it has been selected to serve as the custodian for reserves backing Anchorage Digital Bank’s payment stablecoins. Anchorage Digital Bank is the only crypto-native bank in the U.S. to hold a federal charter, operating under the direct oversight of the Office of the Comptroller of the Currency (OCC). U.S. Bank is one of the nation’s largest global custodians – with capabilities that extend into nearly 100 financial markets around the...

Platforms

IBSFINtech InTReaX Gets ‘Built for NetSuite’ Status

BusinessWireOctober 9, 20254 min

New SuiteApp for corporate treasury management meets Oracle NetSuite SuiteCloud Platform development standards and best practices

Compliance & Scoring

Socure Unveils No-Code Identity Verification Tool

BusinessWireOctober 9, 20255 min

The new offering delivers branded verification and customizable front-end flows that enable speed-to-market, conversion optimization, little-to-no engineering lift, and the industry’s best performance

Security

99% of CFOs Report Cyber Incidents, Boosting Fintech Spend

BusinessWireOctober 9, 20256 min

New research commissioned by global S&P500 corporate payments company, Corpay, finds that 99% of UK finance leaders surveyed have experienced payments-related cyber incidents in the past two years, exposing the fragility of legacy systems and an urgent need for change. With finance functions now a frontline target, the research saw ‘cybersecurity threats’ attract the largest percentage of responses (42%) from surveyed CFOs when asked what operational risk they were most concerned about over the next...

Platforms

Rodney Hood Rejoins SRM’s International Advisory Board

BusinessWireOctober 9, 20254 min

SRM, a trusted advisory firm serving financial institutions globally, announced that the Honorable Rodney E. Hood, former Acting Comptroller of the Currency and Chairman of the National Credit Union Administration (NCUA), has rejoined the company’s International Advisory Board, reprising a role he played prior to his appointment at the OCC. Mr. Hood is a distinguished financial services executive and board director with nearly three decades of leadership in banking, regulation, risk management, and financial inclusion....

Insurance

NEXT Insurance Unveils NEXT Pro+

BusinessWireOctober 8, 20256 min

NEXT Pro+ delivers higher limits, smarter pricing and faster quoting for 30+ professional services professions.

Insurance

Carpe Data Gains Recognition With Top Insurance and Fintech Awards

BusinessWireOctober 8, 20256 min

Honors across notable industry awards underscore Carpe Data’s AI-powered Claims and Commercial Solutions

Investments

Cascadia Capital Appoints New Head of Technology Investment Banking

BusinessWireOctober 8, 20256 min

Strategic Hire Signals Launch of Silicon Valley Office Amid Expansion of Cascadia’s Technology Practice

Banking

Slope Launches SlopeScore: The Cashflow Score for Businesses

BusinessWireOctober 8, 20255 min

Designed for lenders, SlopeScore is the first cash flow underwriting score purpose-built for SMBs. The model is deployed on platforms like Walmart, Alibaba, IKEA, and Samsung, giving it exposure to vast volumes of real-world business transactions. Slope today announced the launch of SlopeScore, the first cash flow underwriting system purpose-built for small and medium-sized businesses (SMBs). While consumer underwriting has enjoyed rapid innovation thanks to cash flow scores from a proliferation of vendors (Plaid, Nova, Prism,...

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