financial - FinTecBuzz

Beacon Pointe Announces Investment from Investment firm KKR

November 16, 20219 min

Strategic Partnership to Enhance Growth of Leading Wealth Management Firm and Accelerate M&A Strategy Beacon Pointe, LLC, parent company to Beacon Pointe Advisors, LLC (“Beacon Pointe” or the “Company”) and KKR, a leading global investment firm, today announced the signing of a definitive agreement under which KKR will make an investment in Beacon Pointe. The Beacon Pointe team will continue to own over 50% of the Company going forward, and Abry Partners (“Abry”) will fully...

by BusinessWire

Blockchain

tZERO Named Most Innovative in Capital Markets by Benzinga

November 12, 202112 min

Firm Recognized for Its Innovative Platform, Comprehensive Technology Stack, Regulatory-First Approach, & Strategy tZERO, a leader in blockchain innovation and liquidity for digital assets, announced today that it has won the 2021 Benzinga Global Fintech Award in the ‘Most Innovative in Capital Markets’ category. The award recognizes outstanding performance in capital markets and the most disruptive idea brought to market as a tool for retail traders and investors. tZERO Interim CEO and Chief Legal Officer Alan Konevsky...

by PRNewswire

Investments

Stori, a top Mexico fintech, raises $200M in financing

November 12, 20216 min

Credit card-led fintech Stori announced today that it has closed one of the largest Series C equity financing rounds in Latin America to date, accompanied by a debt raise that will be used to fund Stori’s rapidly growing credit card portfolio. The $125M over-subscribed Series C round was co-led by global VC GGV Capital and growth-stage investor GIC. They were joined with significant investments from prominent consumer tech-focused funds General Catalyst and Goodwater Capital. Mexico-based Tresalia Capital also participated, making...

by PRNewswire

Payments

AI in Fintech Market to Surpass $46,881.9 Million Revenue by 2030

November 10, 202111 min

The global AI in fintech market size is projected to increase to $46,881.9 million by 2030 from $7,702.7 million in 2020, at a 19.8% CAGR between 2020 and 2030. With AI, the efficiency of financial processes and the security of money-related data can be improved massively. For instance, in regard to fraud detection, AI monitors people’s online transactional behavior so that any deviation and a potential fraud can be identified in real time and stopped right there. Moreover, AI helps in...

by PRNewswire

Payments

Thunes & Finastra to offer alternative payment rails for banks

November 9, 20213 min

Thunes, a Singapore-based Fintech company and a leader in global cross-border payments, announced today a partnership with Finastra, the largest pure-play software vendor that serves the entire financial services industry, to integrate into Finastra’s SaaS payments connectivity platform – Fusion Total Messaging. The partnership will allow Finastra’s existing ~8,600 customers to access new payment rails across 115+ markets, helping them to instantly send money to countries or use payment methods which they were not able to access...

by FTB News Desk

Interview

FinTech Interview with Deriv’s founder & CEO Jean-Yves Sireau

November 3, 202115 min

by BusinessWire

Insurance

UNest & Avibra to Offer Wellness & Insurance Benefits to Parents

November 1, 20214 min

-- First-of-its-kind program will provide families with a compelling suite of integrated resources to support their financial and emotional health --

by PRNewswire

Payments

Dvara E-Registry is now a part of the Fintech 50 Winners – 2021

November 1, 20215 min

Chosen from amongst nearly 300 eligible applicants worldwide spanning over 66 countries

by PRNewswire

Banking

Bank of Botetourt posts profitable 3rd quarter financial results

October 29, 202119 min

Buchanan-based Bank of Botetourt (OTCPK: BORT) announced today its unaudited financial results for the three and nine months-end September 30, 2021. The Bank produced net income amounting to $1,816,000 or $1.04 per basic share in the third quarter. This amount compares to a net income of $1,095,000 or $0.64 per share, for the same period last year, an increase of $721,000 or 65.9%. For the nine months-ended the Bank produced net income amounting to $5,378,000 or $3.10 per basic share. This amount compares to a net income of $3,305,000 or $1.92 per share for the same...

by FTB News Desk

Interview

FinTech Interview with CFO Experian Lloyd Pitchford

October 27, 202115 min

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