Temenos Looks to Boost Banking as a Service in US with Mbanq Relationship

This coming Wednesday, February 8, 2022, the Subcommittee on Capital Markets, part of the House Financial Services Committee, will address access to capital as it looks to approve legislation aiming to improve funding for early-stage firms. The hearing is entitled “Empowering Entrepreneurs: Removing Barriers to Capital Access for Small Businesses,”...

Finastra recently unveiled Finastra ALM IQ, a risk management solution available for banks from March 2023. The unique Cloud-based balance sheet management tool “enables small and medium-sized banks to make confident decisions in shorter timeframes, making them more competitive against larger financial institutions.”. ALM IQ offers “a faster, deeper...

Klarpay AG marks a “significant” expansion of its international payment offering with the launch of 13 new currency IBAN accounts. This addition “enables digital companies, including online merchants, ad networks, marketplaces, and influencers, to collect and disburse payments in AED, AUD, CAD, DKK, HKD, HUF, JPY, MXN, NOK, PLN, SEK, TRY, and ZAR globally via their corporate Klarpay account in addition to the 80+ payout currencies which are already available.”

Commonwealth Bank is rolling out new features for its widely used banking apps “aimed at combating the plague of scammers ripping off Australians.”. From late March, the app will “indicate whether the name and account details customers have entered are correct when they make payments using a BSB and account number.”

Mizuho Bank, Ltd., the integrated retail and corporate banking unit of Mizuho Financial Group and one of Japan’s largest financial services institutions, is “modernizing its legacy banking system for international operations with Oracle.”. Over the coming years, Mizuho will “implement Oracle’s banking solutions to support critical functions, including...

China claims the balloon was a civilian weather balloon

The US Government ordered the Pentagon to destroy the alleged Chinese spy balloon. The US Air Force shot down the balloon with a single missile as it drifted over the Atlantic Ocean. China hit back at the decision, threatening a strong retaliation. YEREVAN (CoinChapter.com) — Over the last few days,...

SEJ Services, which claims to be the most-trusted choice for janitorial and facility services throughout the Southeastern United States, has partnered with DailyPay–the provider of on-demand pay. Through this partnership, SEJ Services adds “an essential financial tool to its existing suite of employee benefits allowing employees to access their...

In an effort to lead the industry in “trust” and “transparency” on their mission to accelerate the adoption of cryptocurrency, Kraken is pleased to release its 2022 Transparency Report. The 2022 Transparency Report “provides a summary of how they protect their clients’ privacy and financial freedom...

Trulioo has announced a new version of its global identity platform that is being described as “industry-defining.”. Trulio provides a service for both business and individual verification. Based in Vancouver, the firm has grown rapidly, adding big-name investors like Goldman Sachs and Amex. The company raised a $394 million Series D in 2021.

Digital banking provider Bankjoy announced the launch of Online Account Opening 2.0, which “enables financial institutions to quickly and seamlessly onboard new members and clients, enhancing the first digital experience while driving deposit growth.”. With Bankjoy’s new, standalone Online Account Opening platform, financial institutions can enroll new clients and...

Global Screening Services (GSS) and Silent Eight, have today announced that following a competitive selection process, Silent Eight’s flagship AI technology “will power sanctions adjudications in the GSS platform.”. By implementing Silent Eight’s machine-learning platform (Iris), GSS will “adjudicate false positives while at the same time surface potential...

Roofstock is best known for enabling individuals to invest in real estate online. Roofstock is an online investment platform that has gotten really big very quickly, having enabled over $5 billion in transactions. It also provides services like property management as well as portfolios of investments. Last year, a company...

Social purpose Fintech firm Salad Money will aim to serve the demand for affordable credit from NHS and public sector employees after receiving a senior debt facility of as much as £40 million via a US-headquartered credit fund. The facility means more essential workers among the United Kingdom’s millions...

Gobi Partners, the “most interconnected” Pan-Asian venture capital (VC) firm with US$1.5 billion (RM6.5 billion) in assets under management has “onboarded four more promising Malaysian startups to its Gobi Superseed II Fund (Gobi SSII Fund).”. The four firms “being onboarded are Islamic-themed streaming service Durioo+, e-commerce marketplace...

Both private and public markets slowed dramatically during 2022. While the year started off relatively positive, the realities of persistent (and not transitory) inflation hit everyone hard. This, combined with geopolitical challenges such as Russia’s unprovoked war with Ukraine and China’s chest pounding, pushed investors to go risk off. As the US Federal Reserve drove rates higher, people moved their money to more mundane products. Private markets raising capital under various exemptions dropped.

Specialty insurer Relm Insurance Ltd. announces an expansion of its strategic fronting partnership with Trisura Specialty Insurance Company, enabling the Bermuda-domiciled carrier “to provide capacity in support of AM-Best rated paper for U.S. digital asset risks.”. Trisura, rated A- by AM Best, claims it is “a leading international specialty...

In a series of Tweets yesterday, tZERO announced that it was ending its crypto services as it focuses its efforts on regulated securities. The company set a deadline of March 6, 2023, for customers to withdraw assets in an orderly manner. tZERO said that they are committed to the safeguarding of investor interests and “offering a predictable path for the issuance and secondary liquidity for unique digital and conventional assets.”

Sunstone Credit, Inc., a technology-enabled clean energy financing platform that helps businesses go solar, announced an oversubscribed $20 million Series A funding round. The investment round was “led by an affiliated fund of Greenbacker Capital Management LLC, which provides flexible capital and best-in-class guidance for growth-stage clean energy companies.”

The Hong Kong Monetary Authority (HKMA) issued the consultation conclusion to the discussion paper on crypto-assets and stablecoins (the “Consultation Conclusion”), summarizing the feedback “received in relation to the paper and the HKMA’s response.”. In the Consultation Conclusion, the HKMA proposes “to bring certain activities relating...