Category: digital currencies

Plaid released a biometric Identity Verification (IDV) tool last week that will integrate into its account linking services in an effort to streamline customer onboarding.   IDV handles authoritative data source, documentary and liveness verification, as well as more than 16,000 possible document types, according to the announcement. It also automates verification checks based off…

Fintech Apex Fintech Solutions is leveraging U.S. Bank’s real-time rails to offer real-time payments on its digital custody and clearing platform in the type of partnership the $587 billion bank hopes to foster with other fintechs in the future. Apex Fintech Solutions is a business-to-business fintech that sells fractional shares. It digitizes what has been…

Financial enablement platform Array announced a partnership with Jack Henry Associates to embed its credit management and identity protection solutions into Jack Henry’s Banno Digital Platform. Among the institutions to adopt the technology is Washington-based Timberland Bank. Array is a two-time Finovate Best of Show winner, earning its most recent award at FinovateSpring 2022 last…

Auto loan refinance company Caribou received $115 million in Series C funding last week. The company now boasts $190 million in total funding and touts a $1.1 billion valuation. Caribou will use the funds to further invest in its platform, create new products, and expand its team. Auto loan refinance company Caribou closed on $115…

Like brakes to a bicycle, fintech must exist within the realms of regulation if it is to ditch its ‘wild west’ persona. Indeed, the adoption of various elements of the industry, like cryptocurrency, has ultimately suffered due to the lack of regulation that surrounds and supports them. Throughout the entire month of May, The Fintech…

Many African countries are ‘too busy violating digital rights’ to focus on the digital opportunities that the Covid-19 pandemic has delivered, according to a new report.  Paradigm Initiative (PIN), a Pan-African social enterprise, issued the warning as it unveiled its annual Londa: State of Digital Rights and Inclusion in Africa Annual Report 2021 at the…

Blockchain-driven investing app Hedgehog unveils two new tokens representing fractional investments in real-world assets, including real estate and infrastructure. The tokens, available to individuals in the US, UK and Switzerland, target a combination of regular income and growth, and will be available to buy directly via the Hedgehog app for $5,000. Hedgehog is on a…

U.S. Bank’s Spanish-speaking customers can now service their auto loans by speaking into the bank’s mobile app. The Minneapolis-based bank last month launched a Spanish-language version of its smart voice assistant — Asistente Inteligente de U.S. Bank — that allows consumers who select Spanish as their preferred language in the app to search for checking…