Alchemy Pay to Launch Web3 Digital Banking Solution for Enterprises

Alchemy Pay, the leading fiat-crypto payment solution provider, is set to launch its latest venture, the Web3 Digital Bank. This new initiative will offer global Web3 businesses a compliant, easy, and reliable means to open and operate multi-fiat accounts, streamline cash flows within a single account, and facilitate seamless conversions between fiat and cryptocurrency. This fresh initiative, inspired by Ripple’s model for cross-border payments, addresses key challenges while introducing innovative solutions. Web3 companies have long faced urgent needs and significant...

John J. Fawcett Appointed to Bread Financial™’s Board of Directors

Bread Financial Holdings, Inc. announced that John J. Fawcett, a seasoned financial services executive, has joined the Company’s board as an independent director. Mr. Fawcett was elected at the Company’s Annual Meeting of Stockholders, held Tuesday, May 14, along with nominees Ralph J. Andretta, Roger H. Ballou, John C. Gerspach, Jr., Rajesh Natarajan, Joyce St. Clair, Timothy J. Theriault, Laurie A. Tucker and Sharen J. Turney, each of whom served as Bread Financial directors during...

Avidbank & CorServ Launch Beneficial Credit Card Program for Businesses

CorServ, a company that empowers banks and fintechs with payment programs, has partnered with Avidbank (over $2 billion in assets) to launch a beneficial credit card program for their commercial customers. Avidbank, headquartered in San Jose, California is known for its highly responsive and customer-centric approach and specializes in providing custom financial solutions in commercial & industrial lending, venture lending, structured finance, asset-based lending, sponsor finance, fund finance as well as construction and commercial real...

Shastic announced the launch of Mago

Shastic, the leading provider of workflow automation solutions for financial institutions, has announced its latest platform, Mago™. This end-to-end AI workflow automation platform will revolutionize the industry by providing community banks and credit unions with state-of-the-art, AI banking workforces.  Mago’s approach allows these institutions to dramatically expand their workforce capabilities without the need for additional staff. As opposed to offering a single feature or automating one specific task, Mago can automate an agent’s workload augmenting...

Kapital named to CNBC’s 2024 Disruptor 50 List

Kapital, a global bank and AI tech platform, was named to CNBC’s 2024 Disruptor 50 list, an honor awarded to the fastest-growing and most innovative private companies disrupting their industries and changing the world. The CNBC Disruptor 50 list showcases businesses that are not only revolutionizing their sectors but also reshaping the global business landscape. Kapital’s inclusion in the list underscores its rapid growth and unwavering commitment to innovation in the banking sector. “We are incredibly honored...

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