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NEW DATA: Assessing The Credit Union, Member Payments Innovation Mismatch
Digital banking has become the way of the world.More consumers than ever are banking on their financial institutions’ (FIs’) mobile-optimized websites and apps amid the ongoing pandemic, making digital innovation a top priority for…
Cashplus To Raise $69 Million In First Outside Investment
Cashplus, which is newly in possession of a banking license, has rolled out a 50 million pound ($69 million) fundraising to help grow the company as well as meet loan demands, according to Reuters on Wednesday (Feb. 17).Company CEO…
Indian Digital Lending Startup KreditBee Raises $75 Million
Indian lending startup KreditBee, based in Bengaluru, is coming off a Series C round with $75 million, Mint reported.The round featured participation from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam…
Bitcoin Daily: Crypto Platform Coinseed Sued For Defrauding Investors; Coinbase Adds Former Stripe…
New York’s attorney general sued crypto platform Coinseed Wednesday (Feb. 17), accusing it of defrauding thousands of investors out of over $1 million, Reuters reported.New York Attorney General Letitia James also alleged that Coinseed…
Revolut Business Introduces QR Codes For Payments
Revolut Business is launching QR codes to facilitate socially distanced payments, the company said on Thursday (Feb. 18). Business owners from all walks of life — cafes, retailers, the trades — can access QR codes on their phones using…
Ephesoft Debuts Semantik Invoice On Microsoft Power Automate
Intelligent document processing technology provider Ephesoft, Inc. rolled out its artificial intelligence (AI)-enabled and cloud-based Semantik Invoice offering on the Microsoft Power Automate infrastructure, according to a Wednesday…
Xerox Rolls Out New Equipment Financing Program
Xerox Holdings Corporation has debuted its new financial services network to help with equipment finance, a press release says.Xerox Financial Services (XFS) is the name of the new business, which finances both Xerox and third-party…
Boston Fed Official Sees Economy Gaining Momentum In Late 2021
The head of the Federal Reserve Bank of Boston indicated on Wednesday (Feb. 17) that he continues to anticipate that the economy with gain momentum in the second half of 2021, The Wall Street Journal reported.“We’re still at that point…
‘Roaring Kitty’ Faces Lawsuit Over GameStop Stock Events
Keith Gill, or “Roaring Kitty” as he was known online, has been sued for securities fraud for allegedly misrepresenting himself as an amateur investor amid the GameStop controversy, Bloomberg reported on Wednesday (Feb. 17).He was…
Google Maps Integrates Parking, Transit Payments
Google Maps is integrating with Google Pay to give users the ability to cover parking, highway tolls, public transportation and more, according to a Google blog post on Wednesday (Feb. 17).The company is collaborating with the mobile…