Fathom4sight Newsletter: Weekly FinTech news curated by Fathom4sight!
Tuesday July 09, 2024
Payments
The new program allows third-party developers, software platforms and integration partners to participate in the revenue generated by the transactions that flow through those integrations.?| Fintech.ca
Leading financial services business Cardstream has announced its partnership with Mastercard to roll out its new Click to Pay service to Cardstream customers globally.?| Finextra
Ant Group and Mastercard, along with 12 overseas payment partners of Alipay+ and other major international card organizations, have extended the International Consumer Friendly Zones program to major Western Chinese cities of Chengdu and Chongqing, as inbound travel to the region rises driven by continued growth of international tourism and trade.?| Finextra
Financial Institutions
The platform uses AI to automatically detect the intensity of emotion expressed in each text comment to quantify drivers of trust. Developed by data scientists at Adoreboard, a spin-out of Queen’s University, the Trust Metric serves as a barometer for understanding trust by quantifying levels of emotional intensity in customer feedback.?| Finextra
AutoRek, a leading InsurTech that streamlines premium processing operations within insurance firms, announced that it has joined forces with J.P. Morgan Payments to help insurance firms overcome data complexities and present new market opportunities.?| Finextra
Following UBS’s takeover of Credit Suisse earlier this year, Swiss consumer pricing supervisor has put the bank under observation amid competition concerns that could bring about higher loan charges.?| Finextra
iA Financial Group is pleased to announce a $10 million investment in Canadian business Clutch Technologies Inc. ("Clutch"), which specializes in online sales of pre-owned vehicles.?| Newswire
Wealth Management and Asset Management
Q Wealth's new partnership with interVal empowers advisors to deliver accurate business valuations and insights.?| Wealth Professional
Dynamic Funds expands its Active ETF lineup with new options for gold, mining, and real estate sectors.?| Wealth Professional
The firm has hired Tommy Lieu as a director, Martin Jakubowski as an associate and Aaron Veltri as an analyst.?| Wealth Professional
领英推荐
Insurance
This groundbreaking, AI-driven web application is set to transform the way Brokers and Managing General Agents (MGAs) operate, offering a completely reimagined user interface, intelligent business insights, and unmatched broker-to-MGA connectivity.?| Insurance-Canada.ca
This partnership will combine Munich Re’s Location Risk Intelligence Platform with CGI’s climate risk mitigation offerings to help insurers minimize the impact of climate change on their business models and profitability.?| FinTech Finance News
Crypto & DeFi
Balance has incorporated Balance Trust Company under the Loan and Trust Corporations Act of Alberta.?Balance says it has committed $10,000,000 of regulatory capital into the wholly-owned subsidiary as a bid toward becoming a qualified Canadian and U.S. custodian.?| Fintech.ca
Argo Digital Gold has secured a strategic investment from a pair of cryptocurrency companies in Toronto’s WonderFi and New York-based Paxos to support its launch and international expansion.?| BetaKit
FI Tech & Software
This strategic transaction aims to position the Canadian credit union system as a technological innovator in the financial services industry for years to come.?| Newswire
Others
CEO plans to add 800 new roles in sales, professional services, and engineering.?| BetaKit
LifeLabs will retain its brand, Canadian headquarters, and management after the acquisition is closed.?| BetaKit
The all-equity Series B round was led by Meritech Capital with support from existing backers, including Sequoia Capital, First Round Capital, Box Group, and Boldstart Ventures.?| BetaKit
ISED’s strategic investment in FABrIC will enable Canadian innovators to be competitive in the global semiconductor industry.?| BetaKit
Thank you for including EQ Bank | Equitable Bank - it's been fab working with their team on improving customer experience and we're delighted with the increase in customer #Trust ??