Worth Secures $25 Million to Expand Financial Automation Services
Worth raised $25 million to expand its financial automation platform. The company’s technology streamlines underwriting and onboarding for financial institutions.…
Banking Technology Struggles to Meet Consumer Expectations for Instant Transactions
Banks struggle to meet consumer demand for real-time financial transactions. Institutions are adopting modular and cloud-based infrastructure to enable faster…
Synctera Secures $15 Million to Expand Banking-as-a-Service Offerings
Synctera raised $15 million, bringing its total funding to $94 million. Fin Capital and Diagram Ventures led the funding, with…
Curve Cuts Losses by 48% but Delays US Expansion Plans
Curve reduced its 2023 losses by 48% but postponed its US expansion. The company plans to launch Curve Pay, aiming…
Embedded Finance Expands as Businesses and Consumers Seek More Payment Options
Embedded finance integrates banking, payments, and lending into non-financial platforms. Consumer-focused lenders have adopted embedded lending more than small business…
Consumers Slow Credit Card Spending After Holiday Surge
January's consumer credit growth slowed to $18.1 billion after December's surge. Revolving credit rose by $9 billion, while non-revolving credit…
FinTech Firms Expand Crypto Offerings While Banks Remain Cautious
FinTech firms are expanding stablecoin use while banks proceed cautiously with crypto. Regulatory flexibility allows FinTechs to integrate digital assets…
OakNorth Reports £215M Profit Increase with UK and US Lending Growth
OakNorth’s pre-tax profit rose 15% to £215M in 2024. The bank lent £2.1B in new loans, including $685M in the…
Companies Reassess Compliance as a Strategic Advantage in Business Operations
Companies are viewing compliance as a business advantage rather than a restriction. Advanced technologies like AI and ML are improving…
Financial Industry Faces Challenges with Section 1033 Data Sharing Rule
Section 1033 mandates consumer access to financial data but raises security concerns. The banking industry challenges compliance costs and liability…
