Ambit Finvest Acquires SME Corner to Strengthen Lending Play
Ambit Finvest, a division of The Ambit Group, LLC, said that it has acquired the Mumbai-based fintech startup SME Corner in order to expand its
January 7, 2023
ECHO Health Acquires Prelude Software, Creating a Fully Integrated Digital Payment Platform
ECHO Health, a market leader in insurance claim disbursements, has acquired Prelude Software, provider of PayPilot Disbursement Hub, the disbursement-hub solution used by insurers, hospitals
January 7, 2023
Duck Creek Technologies to Acquire Payments Platform Imburse Payments
Duck Creek Technologies, a multi-faceted insurtech catering to the property and casualty (P&C) market announced a definitive agreement to purchase Imburse Payments, a modern payments
January 7, 2023
Taiwan’s Next Bank Launches on Temenos
Open banking leader Temenos announced this week that Next Commercial Bank (Next Bank), a digital-only bank supported by Chunghwa Telecom, Taiwan’s leading telecom operator, has gone
January 7, 2023
CardWorks Announces Acquisition of Dataline Systems to Expand Services for Lenders and Asset Managers
CardWorks Servicing, a fully-owned subsidiary of CardWorks, and one of the largest privately-held providers of end-to-end outsourcing support services for credit card and installment loan
January 7, 2023
Regulators Warn U.S. Banks On Crypto Risks Including ‘Fraud and Scams’ After FTX Collapse
Financial institutions were warned by U.S. banking regulators that commercial activity involving cryptocurrencies exposes them to a variety of dangers, including fraud, scams, and contagion
January 7, 2023
Mendoza Ventures Announces a First Close On Its $100M Early Growth Fintech Fund Anchored by Bank of America
Boston-based fintech fund Mendoza Ventures, a venture capital firm focused on diversity-lead startups led by people of color, immigrants and women, has completed its first
January 7, 2023
Amazon to Axe 18,000 Jobs As It Cuts Costs
As e-commerce behemoth Amazon continues to slash costs, it announced this week it’s laying off more than 18,000 workers, the most in company history. Most of
January 7, 2023
Silvergate Capital Tanks More Than 40% After Crypto Bank Discloses Massive Fourth-Quarter Withdrawals
Silvergate Bank, a leading financial institution utilizing blockchain protocols for business banking processes, saw its stock price plunge 42.7% after preliminary fourth-quarter results showed substantial
January 7, 2023