Category: digital currencies

The following is a sponsored blog post from Finastra. Post-pandemic recoveries stalled by rocketing energy prices are leading to calls for stalling a green transition that has already begun. But the costs to businesses due to climate-related weather events within the next four years will be over $1 trillion. Investors and financial institutions are increasingly…

Digital banking fintech Amount is now offering financial services solutions through the Mastercard Engage global partner network as the credit card giant enters the open banking space. Through an extended partnership that started nearly a year ago between the fintech and Mastercard Installments, a buy-now-pay-later consumer program, Amount is now supporting Mastercard customers by building…

San Francisco, California-based digital bank Varo has added popular money transfer solution Zelle to its mobile banking app. The integration will bring safe and secure money transfer capabilities to Varo’s more than six million accountholders. Founded in 2015, Varo Bank is the first neobank to offer Zelle to its customers. All-digital Varo Bank announced this…

Square is launching a credit card for its small business clients. The American Express card will be powered by i2c and issued by Celtic Bank. There is no word yet on a launch date, but Square said that more details will be released next year. Move over, Brex, Divvy, and Ramp. Square is getting in…

Banking-as-a-service (BaaS) provider Treasury Prime and API-data network fintech Plaid are partnering to deliver faster payments for financial institutions and their customers. Through the partnership which has been in the works for two years, Treasury Prime clients will have access to platforms including cash flow app Branch and budgeting tool Rocket Money to improve user…

Wells Fargo launched a new small dollar digital financial solution called Flex Loan this week. The new offering provides loans of $250 and $500, with a flat fee of $12 and $20, respectively. Available in selected markets now, Flex Loan will be available nationwide by the end of the year. Certainty, simplicity, and clarity are…

Financial institutions continued to invest in technology in the third quarter as mobile usership climbed and client preferences migrated further toward digital offerings. The shift to mobile banking has banks looking to tech providers — including Jack Henry’s Banno cloud-based digital banking platform, which enables online and mobile banking capabilities, and can be directly integrated…

The fallout over the collapse of cryptocurrency exchange FTX continues. On Friday, the embattled company filed for Chapter 11 bankruptcy protection, noting that it had in excess of 100,000 creditors – before amending its filing days later to report that the number of creditors might be more than one million. While 2022 has been a…

Embedded finance platform Railsr is teaming up with fraud prevention company Featurespace this week to bolster fraud prevention efforts for Railsr as a company, as well as for its clients. Railsr will leverage Featurespace’s ARIC Risk Hub, combined with its own fraud teams, to provide its clients with a compliance tool to stay on top…

Here is our pick of the 3 most important stablecoin stories during the week. As FTX blows up stablecoins hang in there.  This week while FTX burned down to the ground, thankfully stablecoins managed to stay for the most part stable. With volumes of trades at unprecedented levels as customers rushed to the exists,  USDT transactional…