Banking - FinTecBuzz

OFG Bancorp Invests $3 Million in Nymbus

August 6, 20213 min

NYMBUS®, a leading provider of banking technology solutions, today announced a $3 million financing round led by OFG Ventures, LLC, a subsidiary of OFG Bancorp [NYSE: OFG]. The investment is intended to further support significant demand for Nymbus’ unique financial services model that accelerates digital innovation for creating new products, routes to market and revenue streams for banks and credit unions. “Our mission has remained steadfast to help financial institutions of any size succeed with impactful, intentional...

by BusinessWire

Payments

Paysafe To Acquire PagoEfectivo

August 3, 20217 min

The company’s latest investment accelerates the Latin American expansion of its eCash business and exploits the growing online banking opportunities in the region Paysafe (NYSE:PSFE), a leading specialized payments platform, today announces that it has signed a definitive agreement to acquire PagoEfectivo, a market-leading, Peruvian alternative payments (APM) platform. For Paysafe, this latest investment is a strategic foothold in Latin America, one of the world’s fastest-growing online markets where merchants and consumers alike are demonstrating...

by PRNewswire

Banking

Freedom Bank Named a Top U.S. Commercial Bank

July 22, 20215 min

Independent Banker rankings recognize this year’s standout performers Independent Banker, the award-winning magazine of the Independent Community Bankers of America (ICBA) and the number-one source for community banking news, recognized The Freedom Bank of Virginia (“Freedom Bank”) as an ICBA top commercial lender in its July issue. Freedom Bank was specifically recognized at the #6 Commercial Bank in the United States ($500 million to $1 billion in total assets) based on the strength of its competitive banking services and operational efficiencies throughout 2020. “ICBA commends...

by PRNewswire

Crypto Currencies

Cryptocurrency Yield-Earning Platform Introduces Rewards Explorer

July 9, 20214 min

Rewards Explorer is the first of a suite of Proof of Community products, aimed at giving users maximum transparency on Celsius numbers Celsius, the global industry-leading cryptocurrency yield-earning platform introduces Rewards Explorer, an industry-first rewards verification tool available via the Celsius web app and mobile app. Rewards Explorer is the first of a suite of Proof of Community products, aimed at giving users maximum transparency on Celsius numbers. Rewards Explorer is an interactive dashboard where...

by PRNewswire

Payments

Allied Payment Network Partners with NYDIG

July 7, 20214 min

Community Financial Institutions Can Now Offer Consumers the Ability to Buy, Sell and Hold Bitcoin Allied Payment Network (Allied), the industry’s most progressive provider of online and mobile digital payment services to community financial institutions, announced today it has entered into a partnership with NYDIG, a leading technology and financial services firm dedicated to Bitcoin. The partnership enables financial institutions to offer their customers the ability to buy, sell and hold bitcoin. Allied is the first bill...

by PRNewswire

Banking

IDBI Intech Ltd announces partnership with Lemon Advisors UK Ltd.

June 30, 20214 min

India’s leading Digital Banking Technology Transformation company, IDBI Intech Ltd., announced a strategic partnership with one of UK’s most definitive technology advisory firms, Lemon Advisors UK Ltd., to extend their Fintech products and services for the Banking & Financial Services Sector to new global markets. Some of the standard global technology offerings by IDBI Intech include Combating Financial crime, Payment Transformation, Digital Customer Experience and Digital Technology Integration, among others. IDBI Intech, through its “Compliance-as-as-service” offerings...

by PRNewswire

Banking

Finastra survey finds BaaS set to make a significant impact

June 29, 20219 min

85% of respondents at global financial institutions believe Banking as a Service (BaaS) will make an impact over the next year; 40% believe the impact will be significant More than 9 in 10 respondents agree that Open Banking is important to their organization; 97% of those that already use Open Banking recognize that it has provided benefits to their business Finastra research reveals that Banking as a Service (BaaS) and embedded banking services are set to...

by PRNewswire

Banking Platform

Technisys Recognized In Digital Banking Engagement Platform

June 10, 20214 min

Now Tech report highlights the value to expect from digital banking engagement platform providers and how to select vendors based on size and functionality. Technisys is recognized as a large, established player in the report, “Now Tech: Digital Banking Engagement Platforms, Q1 2021,” released by leading global research and advisory firm, Forrester. The report highlights the functionality of digital banking engagement platforms, with recommendations on how to choose the right vendor for organizations looking to adopt a digital transformation....

by Chandrima S.

In-House Features

Tips to Make sure that your fintech startup does not fail

May 26, 202113 min

by PRNewswire

Platforms

Diverse Group of Immigrants Fund Fair Fintech

May 21, 20217 min

Grassroots fundraising effort forgoes funding from big banks and VCs to close opportunity gaps Fair, an ethical digital bank and multilingual financial services platform, offering banking, lending, investments and retirement announces 90% of its investors are people of color, 80% are immigrants and many are first-time investors in fintech. Fair CEO and Founder, Khalid Parekh, lead the grassroots fundraising effort and intentionally sought investors from the communities most in need of services from Fair to close...

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