Category: digital currencies

U.S. Bank is eyeing embedded payments in vehicles as more technology providers blur the lines between products, services and industries. Sony and Honda, for example, are partnering to launch the Afeela electric car that serves both as a transportation vehicle and an entertainment hub, the companies announced at the 2023 Consumer Electronics Show in Las…

Our first Five Tales from the Crypto column of 2023 takes a look at cryptocurrency firms receiving funding, launching new payments solutions, and teaming up with e-commerce innovators to help bring cryptocurrencies and digital asset technology into the mainstream. Tap Global Secures $3.7 Million in Funding Cryptocurrency firm Tap Global went public this week in…

U.S. Bank executives attend the Consumer Electronics Show to discover new technology that could have applications within the financial services industry – tech the bank’s innovation teams should pursue. Last week at the consumer technology event Las Vegas, U.S. Bank Chief Innovation Officer Don Relyea and Head of Applied Foresights Todder Moning explored metaverse technologies,…

Spanish fintech Divilo partnered with financial crime prevention specialist ThetaRay. Divilo will deploy ThetaRay’s SONAR platform, a SaaS-based AML transaction monitoring and sanctions list screening solution. ThetaRay made its Finovate debut in 2015 at FinovateFall in New York. A partnership between Spain-based fintech Divilo and ThetaRay will enable the B2B financial services provider to better…

Fidelity Investments has acquired equity management company Shoobx, marking Fidelity’s first acquisition since 2015. Terms of today’s deal were not disclosed. The acquisition will help Fidelity expand its offerings for startups and early-stage companies. Fidelity Investments announced this week it has acquired equity management company Shoobx. Financial terms of the agreement were not disclosed and…

FinWise Bank chose core banking provider Finastra in December to help update its infrastructure and enhance customer experience.  Sandy, Utah-based FinWise aims to use the Fusion Phoenix core banking solution from London-based Finastra to expand its retail and lending business through Finastra’s cloud-based solution, Keith Redding, chief revenue officer of universal banking at Finastra, told…

Digital identity solutions company Jumio announced yesterday that Singapore car-sharing company GetGo has selected its technology to help onboard new drivers. As one of the largest car-sharing services in Singapore, GetGo seeks to offer a user-friendly online ecosystem that promotes shared and sustainable mobility. The company was founded in 2020 to help users rent and…

Tax Status announced a partnership with authID this week. The partnership will give Tax Status’ customers access to authID’s Human Factor Authentication (HFA) technology to better protect sensitive data and fight fraud. Based in Texas, Tax Status made its Finovate debut last September at FinovateFall. Tax Status, a Texas-based fintech company that offers a digital…

Lauren Kenney, SVP of payment services, U.S. Bank Lauren Kenney, senior vice president of payment services at U.S. Bank, will join the panel “Strategies for automating real-time payment processes” at the Bank Automation Summit U.S. 2023 on Friday, March 3, at 9:50 a.m. ET. .S. 2023 here.  Kenney will discuss how to select the right…

NatWest Group named Mark Brant as its chief payments officer effective Jan. 16. Brant will report to Chief Executive for Commercial & Institutional and Group Executive for Payments Paul Thwaite. He succeeds Rupert Keeley, who led the $944 billion, Edinburgh, Scotland-based bank’s payments center of expertise on an interim basis, according to a release. Brant,…