Cross River and Sunstone Credit Announce Partnership

Sunstone Credit’s solar financing products customized for businesses further differentiate Cross River’s lending portfolio Cross River’s Venture Arm, Cross River Digital Ventures, also provided strategic investment to fuel Sunstone Credit’s next stage of growth Cross River Bank (“Cross River”), a technology driven infrastructure provider that offers embedded financial solutions, and Sunstone Credit, Inc. (“Sunstone”), a technology-enabled solar loan finance platform for small and medium-sized businesses (SMBs), today announced a partnership to further Sunstone’s mission of...

Consumer Resistance to Banking AI in Illinois

Few banks are disclosing the number of AI users that engage with their chatbots. Why? Bank of America reported about 20 million or about 30% of their customers arere using ERICA – their chatbot. ERICA has been in use for over 4 years, So, Foresight Research wondered about consumer resistance to AI and chatbots and surveyed 700 consumers of banking products and services to find out the resistance to AI in Illinois. To start with, about...

Banking App for Gig Workers Announces Partnership with Steady

indi, an innovative fintech startup, offering gig workers an easy-to-use banking app designed for their unique financial needs, today announced its collaboration with Steady, the income optimization platform created for America’s rapidly-growing independent workforce. indi is now part of Steady’s Income Boosters, which help Steady members gain access to valuable products and services, as well as cash rewards, to supplement their income. “Like indi, Steady is committed to helping to make life easier for gig workers,” said Lilly Madrid,...

Koxa Announces Investment to Provide Complete Treasury Open Banking

Koxa Corp today announced a significant growth investment. The NY-based fintech company provides an open banking enablement platform that is massively improving the treasury banking market. Crosslink Capital led the investment, with participation from Clocktower Technology Ventures, Fin Capital, Basecamp Fund, This is Water, existing angel investors, and others. Koxa will use the investment to fund the company’s continued rapid growth, including hiring critical new team members, building additional ERP integrations, and developing category-first product...

Cashfree Payments bags Great Place to Work® certification

–  Secures Great Place to Work® certification in the mid-size organizations category  –  Plans to double employee headcount this year by Dec 2022 Cashfree Payments, a leading payments and API banking solutions company, today announced that it has been recognized amongst India’s best workplaces, in the ‘Mid-Size Organizations’ category in India’s Financial Services and Insurance industry, by the Great Place to Work® Institute. This is the first time that Cashfree Payments has applied for this respectable certification which comes as a result...

RapiPay forays into Digital Banking, raises USD 15 million

To build India’s largest digital banking and financial ecosystem and scale up existing payments business To launch a first of its kind Super App for Digital Banking and Financial Services Consolidating its position as a leader in the Fintech industry, RapiPay has raised $15 million in funding to launch NYE, a new age digital banking super App. Believing in RapiPay’s growth story, the current funding round is led by Varun Jaipuria (RJ Corp), DLF Family Office, Rahul Gautam (Sheela Foam) and Rohan Kumar (DS Group). The investors see a...

Mastercard Expands Consulting Dedicated to Open Banking

The business world is facing an influx of innovation: changing consumer preferences, rapid digital transformation and geopolitical shifts. To help businesses evolve and supercharge their growth enterprise-wide, Mastercard today announced that it is expanding its preeminent payments-focused consulting service with new practices dedicated to Open Banking, Open Data, Crypto & Digital Currencies, and Environment, Social & Governance (ESG). For more than two decades, consulting has been a key part of Mastercard’s customer engagements, whether designing...

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