Category: Trade & Industry

The Federal Reserve raised interest rates by a quarter percentage point and hinted it may be the final move in the most aggressive tightening campaign since the 1980s as economic risks mount. “The committee will closely monitor incoming information and assess the implications for monetary policy,’’ the Federal Open Market Committee said in a statement…

Tech-forward Silicon Valley Bank collapsed in March, followed two days later by Signature Bank and this week First Republic Bank. Now, all eyes are on financial institutions such as Pacific Western Bank and Western Alliance Bank.  PacWest and Western Alliance have each seen sharp declines in the market over the past month, as PacWest’s stock…

Global financial services innovator Revolut is becoming a bit more global today. The London-based company announced today it has expanded into Brazil. Today’s move of launching multi-currency account and crypto investments in Brazil, marks Revolut’s first expansion into a Latin American country. Revolut’s expansion efforts into Brazil began last March. The company not only brought…

Retail software company Celerant Technology has partnered with BNPL innovator Sezzle. Celerant will integrate Sezzle’s SezzlePay solution into its platform. SezzlePay enables consumers to pay for purchases in four, interest-free installments over six weeks. Sezzle made its Finovate debut at FinovateSpring 2016. Retail software provider Celerant Technology announced a partnership with consumer financing solutions company…

Ally Financial is turning to the fintech layoff pool to hire for multiple high-level positions within its technology solutions department, including a new director of software engineering and fellow site reliability engineer.  During the $196 billion bank’s Q4 earnings presentation, Chief Executive Jeffrey Brown said Ally would look to recruit from the layoff pool, now…

Former Silicon Valley Bank and First Republic Bank employees are knocking on the door of digital bank Arc to fill positions in relationship management with a desire to continue working with startups. The two banks, which failed less than two months apart, had a combined employee pool of more than 14,500, according to the banks’…

Business budgets and digital payments platform inbanx has partnered with Corserv. inbanx will leverage Corserv’s Payment Cards as a Service API to offer its business customers a Visa commercial credit card. According to Juniper Research, the number of payment cards issued via digital platforms will grow 170% between now and 2027. Business budgets and digital…

A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot. Storied Data’s smart information distribution platform transforms digital documents and powers information sharing and data publishing to millions of information consumers. Features Replace dull PDFs and static documents with smart digital documents Transform…

A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot. IDMERIT’s IDMlive can efficiently and accurately verify a customer’s identity with a live agent. Features Reduces customer acquisition costs Provides faster onboarding of new customers Offers a simple and low-friction process Why it’s…

Seattle, Washingtion-based regtech Avalara has teamed up with online marketplace eBay. Together, the two companies have launched eBay International Shipping, a compliance support solution for merchants operating across borders. Avalara made its Finovate debut as part of our developer’s conference, FinDEVr Silicon Valley, in 2015. Automated sales tax solution provider Avalara announced a new tool…