Flagstar Bank Eliminates Non-Sufficient Funds Fees
Revamps Overdraft Program to Benefit Customers
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Products and benefits of Direct Lending
Finance is needed for business funding, but tapping the right sources is necessary. Are there other finance options apart from loans for meeting these needs?
Global Cryptocurrency Market Expected to Reach $32 Tn By 2027
The global crypto mining industry has been steadily rising over the past few years and is projected by most experts to continue its rapid growth over the next several years. A report from ResearchAndMarkets reported that The global cryptocurrency market reached a value of US$ 1,782 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 32,420 Billion by 2027, exhibiting a CAGR of 58.4% during 2022-2027. The report said: “Cryptocurrency refers to digital or virtual money secured...
Independent Group Announces Successful Launch of iStructure
Independent Insurance Group, LLC (“Independent Group”) announced today that its life and annuity subsidiary, Independent Life Insurance Company (“Independent Life”), has successfully launched iStructure, the first uncapped index-linked structured settlement annuity. Independent Life has secured almost $50 million in committed sales for the product from both settlement recoveries and installment sales of real estate and businesses. iStructure provides the opportunity for growth in payout amounts with the same flexibility and tax benefits of traditional structured settlements. Already, nearly...
Splitit Joins Visa Ready for BNPL to Enable Flexible BNPL Payments
By joining Visa Ready for BNPL, Splitit is helping lenders and merchants provide their clients around the world with seamless BNPL payment options Splitit Payments Limited (“Splitit” or the “Company”) (ASX:SPT,OTCQX:SPTTY), the only card based installments platform that empowers shoppers to use their existing credit card, announced today it joined the Visa Ready for BNPL program. Through its work with Visa, Splitit provides consumers with a flexible payment option and the transparency, control, and budget...
Akulaku Announces Record 2021 Performance
User Adoption Continues to Accelerate and Revenue Growth Exceeds Expectations Akulaku (“Akulaku” or “the Company”), a leading digital banking and finance platform, today reported accelerated revenue growth during 2021, as it continues to provide financial services to consumers throughout Southeast Asia. Akulaku’s total revenue grew by 122% to US$598 million and total GMV increased by 136% to US$5.8 billion. The total users grew by 242% to 26 million users, and monthly active users increased 108% to 4.8 million in...
Alliance Data is now Bread Financial
Rebrand reflects company’s transformation to a tech-forward provider of payment, lending and saving solutions
New Zealand Cards and Payments Market Opportunities and Risks to 2025
The “New Zealand Cards and Payments – Opportunities and Risks to 2025″ report has been added to ResearchAndMarkets.com’s offering. The report provides detailed analysis of market trends in New Zealand cards and payments industry. It provides values and volumes for key performance indicators in the industry, including cash, cards, direct debits, cheques and credit transfers during the review-period (2017-21e). The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of...
Scalapay, now a unicorn, raises $497M Series B
The Buy Now - Pay Later solution hits unicorn status after their most recent fundraising round
Fly Now Pay Later Secures $75M from Atalaya Capital Management
– Juniper Research anticipates that Buy Now, Pay Later (BNPL) will account for more than 50% of the market for embedded finance by 2026. – Domestic travel spend in the United States is forecast to hit 968 billion U.S. dollars by 2024, according to Statista. – BNPL continues to earn global payments market share, expecting to double from 2.1% in 2020 to 4.2% by 2024 according to 2021 Worldpay data. Providers are rapidly expanding into...