Wells Fargo, one of America’s most well-known banks, recently announced the launch of their new digital platform, LifeSync. This comprehensive wealth management solution is designed to give users full access to up-to-date information on their net worth, portfolio performance, market indices, FICO scores and credit card reward balance. Michael Liersch, head of WIM Advice and Planning at Wells Fargo, explained
The world of finance has seen some remarkable developments over the past few months, with numerous organizations experiencing unprecedented growth. Two of the most noteworthy success stories come from Pagos and Spade, who have both recently closed their respective funding rounds. Pagos raised an incredible $34 million in their Series A round, while Spade secured $5 million for their seed
The concept of embedded finance, also known as open banking or platform banking, is revolutionizing the world of finance by providing a more streamlined customer experience. By seamlessly tying financial solutions into existing products and processes, companies are able to offer their customers a more comprehensive suite of financial services beyond their traditional offerings. This type of banking enables customers
Quantifind is a provider of advanced financial crime risk management technology that has recently secured a $23 million investment round led by DNS Capital with additional contributions from US Venture Partners, Valor Equity Partners, and S&P Global. This infusion of capital has allowed the firm to extend its reach into foreign countries, boost its global brand recognition, and improve its
A new report released by Kidbrooke has revealed the potential of wealth planning software to help insurance companies adhere to regulations, as well as monetise dormant customer segments in their existing books. The challenge of monetising these dormant customers is compounded by the issue of ‘orphans’ – customers who have lost contact with their IFA and no longer have access
Sprout, a UK-based platform for private investors to access venture capital funds, has recently announced the completion of its pre-seed funding round. The round was led by Digital Asset Capital Management and AngelHub, with other prominent backers such as Dhuna Ventures, Stacks Ventures, and Gossamer Capital also taking part. This $1m investment marks a major milestone for the company, which
It is undeniable that achieving a steady cash flow is vital for the success and sustainability of any business. Having a smooth flow of money, allows businesses to benefit in numerous ways, such as increased revenues, improved visibility of finances, better payments reconciliation, reduced unauthorized payments and enhanced consumer and supplier satisfaction. Therefore, it is essential for business owners to
Bain Capital Ventures and Altai Ventures have recently concluded the establishment of a new $53 million fund focused on fintech and InsurTech, a move that demonstrates their shared vision for building iconic companies and working closely with startup founders. The new fund is poised to tackle some of the major issues faced by the financial services industry, which is currently
Blockchain technology is revolutionizing the way we conduct financial transactions. It is a distributed system shared among computers to authenticate and record any transaction in an immutable and secure form. With its potential to create a secure and trustless network, blockchain technology is quickly becoming a mainstream solution for conducting financial transactions. However, before it can become a widely accepted
Dynasty Financial Partners and BridgeFT have recently announced a groundbreaking partnership that will revolutionize the wealth management industry. This exciting new collaboration will enable Dynasty to provide integrated wealth technology services throughout their network, offering a more streamlined experience for their clients. The key to this partnership lies in BridgeFT’s revolutionary WealthTech API. This innovative technology eliminates the need for
VASS, a leading provider of financial services in the UK and Ireland, recently announced their strategic partnership with psKINETIC, a global leader in intelligent automation technology. This collaboration seeks to bring VASS’s customers the latest cutting-edge technology in the financial services industry, allowing them to get the most out of their investments while still providing an excellent customer experience. Javier
The fintech industry has experienced tremendous growth over the past few years, with the emergence of startups and tech giants offering financial services. With evolving consumer behavior and the growing demand for digital financial solutions, embedded finance has become a crucial tool in the fintech landscape. In this article, we will discuss the significance of embedded finance features and how
