finance - FinTecBuzz

Alchemy Pay and Berkah Digital Jointly Obtain Indonesia License

February 28, 20235 min

Fiat-crypto gateway, Alchemy Pay, and fintech firm, PT Berkah Digital Pembayaran, announce that they have jointly obtained Indonesian licences issued by the Central Bank of Indonesia to operate remittances and fund transfers. These licences will greatly increase the ability for these entities to payout to end users and clients across Asia as well as reduce the operating costs of their payment services. Berkah Digital has been listed as a Payment Service Provider – License Category 3 on Bank Indonesia’s official site and can be found by...

by PRNewswire

Investments

Pathstone to Acquire Rex Capital Advisors

February 28, 20235 min

Pathstone, an independently operated, partner-owned advisory firm offering comprehensive, customized wealth management advice and family office services for families, family offices, foundations and endowments, today announced it has entered into an agreement to acquire Rex Capital Advisors. Based in Providence, Rhode Island, Rex provides investment advisory and customized family office services to a select group of ultra-high net worth families and their related entities. Founded in 2002 by Arthur Duffy, Rex Capital originally served as a single-family...

by BusinessWire

Investments

The Glenmede Trust Company of Delaware Appoints Two Board Directors

February 28, 20235 min

Glenmede, a leading investment and wealth management firm overseeing $40.5 billion in assets under management (AUM), today announced the election of Gabrielle Bailey and Susan Mucciarone to the Glenmede Trust Company of Delaware Board. The Glenmede Trust Company of Delaware was established in 2020 to extend Glenmede’s advisory and service capabilities in support of those private client families who seek to benefit from having their financial affairs administered in Delaware. Ms. Bailey currently serves as Glenmede’s Chief...

by BusinessWire

Payments

NewNet Partners With Calculus Networks

February 28, 20235 min

NewNet Secure Transactions Inc., (“NewNet”) a leading provider of innovative solutions for secure payments to financial institutions, banks and payment providers, has partnered with Calculus Networks, Mexico, (“Calculus”) to deploy multiple AccessGuard 1000 (“AG1000”) systems for a major payment provider in Mexico. The PCI validated NewNet payment solution offers secure transaction routing and transport via cloud based virtualized applications or physical environments. NewNet’s AG1000 consolidates HTTPS and TLS/SSL transaction routing, TLS/SSL acceleration and load balancing...

by BusinessWire

Payments

Pagos announces an oversubscribed $34 mn Series A investment

February 28, 20238 min

Built by former Braintree and PayPal executives, the company’s bird-themed SaaS platform turns complex payment data into real-time actionable insights backed by a suite of tools to optimize payments performance

by GlobeNewswire

Insurance

EverQuote Announces Q4 and Full Year 2022 Financial Results

February 28, 202311 min

Fourth Quarter Revenue of $88.3 million Fourth Quarter Variable Marketing Margin of $29.1 million Full Year Revenue of $404.1 million Full Year Variable Marketing Margin of $128.3 million EverQuote, Inc. (Nasdaq: EVER), a leading online insurance marketplace, today announced financial results for the fourth quarter and year ended December 31, 2022. “In 2022, we achieved positive Adjusted EBITDA for the year through the continued strength and agility of our team to respond swiftly to frequent,...

by FTB News Desk

In-House Features

What Is Buy Now, Pay Later (BNPL)? How does it work?

February 28, 202310 min

What do you think about the concept of Buy Now Pay Later? Is it a 2023 trend or an age-old concept?

by BusinessWire

Direct Lending

Experian® announces Experian Verify™

February 27, 20234 min

Mortgage lenders can now instantly verify borrower income and employment information with Experian Verify™

by BusinessWire

Investments

Alpha Blue Ocean launches new private investment firm, ABO Digital

February 27, 20234 min

The new ABO Digital will bring alternative financing structures to the cryptocurrency market

by PRNewswire

Payments

Allied Payment Network Adds Fintech Veteran Mark Forbis to BOD

February 27, 20235 min

Allied Payment Network, Inc. (Allied), the industry’s most progressive provider of online and mobile money movement solutions to banks and credit unions, announced today the addition of Mark Forbis to its Board of Directors. In his role, Forbis will help advance Allied’s goal of delivering the industry’s most innovative real-time payment capabilities to the community financial institutions it serves. Allied made the announcement at CUNA GAC (Credit Union National Association Governmental Affairs Conference) in Washington, D.C., of which Allied is...

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