Author: hjenkins42

Blockchain-driven financial platform BlockFi has partnered with purchase-based intelligence firm Cardlytics to launch BlockFi Offers. The new rewards program will enable BlockFi cardholders to earn up to 10% crypto back on select purchases. BlockFi Offers rewards can be accrued on top of BlockFi’s existing 1.5% crypto back on all purchases. Earning crypto is about to…

Indonesian business payments infrastructure and API suite provider Xendit on Thursday raised $300 million in a series D funding round, bringing the company’s total raised to $538 million. The fintech over the last 12 months more than tripled its transactions processed annually from 65 million to 200 million and increased total payments value from $6.5…

Commercial banks are still playing catch-up when it comes to digital account opening, even as more business banking customers move online. Commercial customers are moving their businesses online, with 32% of 127 banking executives surveyed saying their clients now primarily interact via mobile and 29% interact by desktop, according to a recent report by Phoenix-based…

Before inking deals with the nation’s biggest banks and financial institutions, fintech Akoya was focused on secure open finance. The Boston-based fintech, which originated as an application programming interface (API) division under Fidelity Investments, is now owned by several banks, including the $3.24 trillion Bank of America, $2.3 trillion Citi and $1.95 trillion Wells Fargo.…

This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives. This will be the last This Week in Fintech post. I am doing this so that I can devote more of my time to growing Daily Fintech as a business  – watch this space for a number of new…

The votes have been cast and counted! Meet the winners of Best of Show for FinovateSpring 2022: Array for its financial enablement platform, specializing in embeddable tools and white label solutions, used by leading financial institutions. FinGoal for its insights platform that cleans, enriches, and analyzes personal financial data to better understand users and provide actionable…

Are we headed for another Eurozone bond melt down ? Don’t say it too loudly but history looks like it is repeating itself. Yields on Italian bonds are climbing and the differential between Italian and German sovereign debt are widening. Heard it all before? Of course you have because the root causes have never been…

Unit received $100 million in Series C funding this week. The funding boosts the company’s total investment to $170 million and brings its valuation to $1.2 billion. The company, which will unveil its business credit card in the next few months, will use the investment to accelerate its product development and expand into credit offerings.…

SAN FRANCISCO — Digital transformation is trending in the lending community, but while many banks initiate the process “very few actually succeed,” Starling Bank founder and Chief Executive Anne Boden said Wednesday at FinovateSpring 2022. “Everybody wants to transform, everybody wants to be a new, innovative, creative player,” Boden said. “But actually, launching a digital…

Deutsche Bank has enabled real-time application programming interface (APIs) access for treasury clients through an agreement with enterprise resource management company FinLync, the bank announced Wednesday. The $1.4 trillion Deutsche Bank, which began its API work in 2015, already enables corporate clients to connect directly to its 4,000 developer-strong Developer Portal for self-service onboarding and…