Kapitale Secures $25M Credit Facility to Empower US Small Businesses

Kapitale, a rapidly growing direct funder serving small businesses across the United States, today announced the closing of a $25 million credit facility with a fund managed by Pier Asset Management, a private credit investment firm focused on specialty finance. The new facility significantly strengthens Kapitale’s balance sheet, bringing its total funding capacity to over $ 50 million, and positions the company to meet record demand for same-day working capital solutions at a time when...

Ripple Announces $500 Mn Investment Led by Fortress and Citadel Securities

Ripple, the leading financial technology company that offers crypto solutions for businesses, today announced a $500 million strategic investment at a $40 billion valuation from world-class institutional investors led by funds managed by affiliates of Fortress Investment Group, affiliates of Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace. The investment follows Ripple’s strongest year to date and its recent $1 billion tender offer at the same valuation, underscoring continued confidence in the company’s growth trajectory and long-term vision....

CD Valet: Banks Use Digital Tools to Boost CD Rates

CD Valet is a digital marketplace that connects consumers with the best CD rates and terms nationwide, helping community financial institutions effectively attract new deposits. The company today shared that over 3,600 of its tracked CD rates remain at or above the Federal Reserve’s current upper limit of 4.00% APY. “As expected after the recent Fed rate cuts, CD yields in general continue to ease. However, there are still strong opportunities out there for savers –...

Apiture Unveils AI-Powered Interface for Digital Banking

Apiture, a leading provider of digital banking solutions now part of CSI, today announced the release of its new AI-powered user interface (UI). Further enhancing the Apiture Digital Banking Platform, the new UI deepens financial institutions’ relationships with account holders by delivering a predictive, personalized experience across online and mobile channels. With AI integrated throughout the UI, the new “Ask AI” feature enables account holders to receive real-time guidance and transaction-level insights. By selecting from pre-filled,...

KFH and NCR Atleos Launch AI Avatar for In-Branch Banking

NCR Atleos Corporation, a leader in expanding self-service financial access for financial institutions, retailers and consumers, has collaborated with Kuwait Finance House (KFH) to transform the in-branch customer experience through the deployment of a hyper-realistic conversational AI-powered avatar. This groundbreaking initiative introduces AI-driven video avatars at account service kiosks across KFH branches, offering customers real-time, personalized assistance. These avatars are designed to answer frequently asked questions about KFH services, provide branch-specific information, and—beginning in the second...

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