financial - FinTecBuzz

AM Best Revises Outlooks to Stable for Greenville Casualty

April 6, 20225 min

AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) of Greenville Casualty Insurance Company (Greenville Casualty) (Greer, SC). The Credit Ratings (ratings) reflect Greenville Casualty’s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and marginal enterprise risk management. The revised outlooks to stable from positive reflect...

by BusinessWire

Insurance

The Marketing Alliance Announces Financial Results for Fiscal 2022 Q3

April 5, 202214 min

The Marketing Alliance, Inc. (OTC: MAAL) (“TMA” or the “Company”), today announced financial results for its fiscal 2022 third quarter ended December 31, 2021. FY 2022 Third Quarter Financial Highlights (all comparisons to the prior year period) Operating income increased to $1,121,784 compared to $581,519 in the prior year period despite a 29% decrease in revenue to $5,694,085 Operating income (from continuing operations) increased in the quarter due in part to an Employee Retention Credit of...

by PRNewswire

Payments

Velo Labs & iRemit to unlock $34B cross-border payment market

April 5, 20224 min

Velo Labs, a leading blockchain infrastructure company, and iRemit, the largest Filipino-owned, non-bank remittance service provider, have partnered to provide individuals and businesses access to improved cross-border payments using blockchain technology and Velo Digital Credits. An estimated 34 billion USD in remittances arrive into the Philippines each year and are currently subject to high fees, costly delays, and a complex web of intermediaries – all of which destroy economic value and hurt individuals reliant on cross-border payments. Velo Labs,...

by PRNewswire

Banking

Early Warning Announces Authentify, a Identity Verification Service

April 5, 20224 min

Through collaboration with seven of the largest financial institutions in the U.S.—Bank of America, Capital One, Chase, PNC Bank, Truist, U.S. Bank, and Wells Fargo—Authentify® provides consumers and businesses a new way to help verify identities.

by BusinessWire

Payments

Budget Insight Raises $35 Million in Funding From PSG Equity

April 4, 202210 min

The management team and Crédit Mutuel Arkéa will remain shareholders alongside PSG Equity. A clear ambition: to emerge as Europe’s leader in Open Finance, a sector currently consolidating around a handful of big players. An ambitious business development strategy driven by inorganic growth and a sustained investment plan. Budget Insight plans to hire 50 people this year. Budget Insight, the leading aggregator of banking and financial data in France and a pioneer of Open Finance1 in...

by BusinessWire

Payments

MetaBank Makes Strategic Investment in Advantage Payment Services

April 4, 20224 min

APS enters into strategic partnership to expand technology solutions

by FTB News Desk

In-House Features

Best Investments for Any Age & Income

April 1, 20228 min

Investments are vital to reaching longstanding financial goals like retirement and building overall wealth. Investing in assets like stocks and bonds can help in securing cash. Short-term investments like high-yield savings accounts help in big purchases like a car or a house.

by BusinessWire

Payments

i2c Partners with Visa for Fintech Processing in MENA Region

March 30, 20223 min

i2c and Visa partnered into first of its kind agreement for onboarding fintechs in the MENA region, providing for modern payment and processing services

by BusinessWire

Payments

Synctera selects Arroweye Solutions to power financial innovation

March 30, 20224 min

Payment cards help bridge the gap between digital and physical banking channels, enhancing FinTech’s suite of financial products

by PRNewswire

Crypto Currencies

Founding Partner Crypto.com Helps Kick Off Investopia Summit

March 29, 20225 min

UAE welcomes Crypto.com's decision to set up regional base in Dubai and its support for inaugural Investopia conference Crypto.com aims to play a role in furthering global financial innovation through the application of advanced technology Crypto.com's long-term commitment to the Middle East will be anchored through regional hub in UAE

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