Fintech

JP Morgan Payments is to deploy in-store biometric payment technology among select pilot merchants in the US, through its newly expanded partnership with California-based facial recognition solutions provider PopID. The checkout solution enables shoppers to authenticate payments using the unique features of their face, without the need to present a physical card or digital wallet. […]

NerdWallet, a US-based financial comparison site, is set to cut approximately 15% of its full-time workforce as part of a restructuring plan intended to “reduce the company’s operating expenses and better position the company to execute its long-term strategic initiatives”. The company revealed the restructuring plan with the publication of its Q2 2024 financial results, […]

Boston-based payments and software firm Flywire has purchased Invoiced, a Texan cash flow management Software-as-a-Service (SaaS) platform, to boost its B2B payments services and software capabilities. Founded in 2013, Invoiced’s SaaS solution helps B2B finance teams automate Accounts Receivable (AR) processes by handling payer communication and invoicing while reconciling payments to their Enterprise Resource Planning […]

US-based paytech Payoneer has acquired Skuad, a global workforce and payroll management start-up based in Singapore, for $61 million in cash. Payoneer says the deal, carried out on 5 August, also includes “up to an additional $20 million of future payments in cash and equity” that are contingent upon Skuad achieving “certain performance and tenure […]

JP Morgan Payments is to deploy in-store biometric payment technology among select pilot merchants in the US, through its newly expanded partnership with California-based facial recognition solutions provider PopID. The checkout solution enables shoppers to authenticate payments using the unique features of their face, without the need to present a physical card or digital wallet. […]

Texans Credit Union, which serves more than 120,000 members across North Texas in the USA, has gone live with the direct deposit switching solution of Atomic Financial through Alkami Technology’s cloud-based digital banking platform. The $2.2 billion-asset credit union says the launch will enable members to “manage and transition their direct deposits with enhanced efficiency […]

CIBC, Canada’s fifth-largest chartered bank, has unveiled plans to hire over 200 data and AI professionals within the next 12 months in an endeavour to upgrade its AI capabilities. “Now is the right time to add to our talent base through hiring and upskilling in data and AI-focused roles, as we leverage this new technology […]

Octane, a New York-headquartered fintech built to help individuals access financing for “major recreational purchases”, has bagged a $50 million Series E funding round. The round is described as “unique” for being composed entirely of existing backers, with Valar Ventures leading the funding and Rhode Island-based VC firm Upper90 also contributing. Founded in 2014, Octane […]

US-Israeli fintech Pagaya Technologies has agreed a deal to buy Theorem Technology, a Silicon Valley-based institutional asset manager powered by machine learning tech, for an undisclosed sum. The deal will see Theorem’s institutional fund management business, consumer credit funds and engineering capabilities merge with Pagaya’s AI-powered consumer credit and residential real estate solutions. Pagaya anticipates […]

Totem Technologies, the US-based neobank founded in 2022 to democratise access to financial services for Native Americans, has “come to the end of its road”, says founder and CEO Amber Buker. In a post on LinkedIn at the end of last week, Buker writes: “We’ve already shared the news with our customers and tribal partners, […]