Prometeo, a Latin American fintech, has launched what it calls “borderless banking” for business-to-business payments between the U.S. and Latin American countries. According to the company, Prometeo has developed middleware that integrates U.S. and Latin American financial infrastructures through a single application programming interface. Users can access local accounts to receive payments, automate collections, and
Congress passed the Secure 2.0 Act in 2022 to expand saving opportunities for individuals who have access to savings vehicles like 401(k)s and workplace savings plans. Several of the bill’s provisions go into effect in 2025 and, if you’re like many workers, your 401(k) or workplace savings plan is likely the foundation of your retirement
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In the financial world, open banking has emerged as a game-changer, enabling innovation and competition like never before. A recent study by Konsentus, a leading open banking-based Software-as-a-Service platform, sheds light on the global spread of open banking initiatives. It’s an exciting journey that showcases how the financial industry is transforming to meet the digital
The Covid-19 pandemic was one of the key drivers (open banking the enabler) of global embedded finance adoption. According to Global Market Insights, the embedded finance market shot to $58 billion by 2022, and is estimated to clock-in a 29% compound annual growth rate (CAGR) until 2032 – by which point it could exceed
SWIVEL, a fintech company specialising in transaction enablement solutions, has announced its integration with Apple Pay, enhancing digital payment options for its clients. This integration allows credit unions and community banks to accept loan payments through the mobile wallet, enhancing the ease of money movement for financial institutions and their customers. Traditionally, financial institutions have
A need for equity and support for public schools was at the top of the minds of more than 150 Omaha-area residents gathered Sunday for a legislative town hall at the University of Nebraska at Omaha. The forum was organized by a group of state senators representing the Omaha and Lincoln areas after Nebraska Gov.
Toyota Financial Services Italy (TFSI), the financial arm of the Toyota Group, has partnered with Open Finance fintech Fabrick in a collaboration that will see embedded finance services integrated into the automotive sector. In addition, TFSI has become a corporate partner of Fintech District, which is an international reference community operating under Fabrick’s umbrella for the
HARRISBURG — Pennsylvania lawmakers finalized the new state budget last week, allocating billions of taxpayer dollars for operations in 2024-25, but related code bills will detail exactly how that money is put into action. A look at the new school code shows formula shifts altering how state subsidies are shared with private schools, accountability directives
FORT WAYNE, Ind. (WFFT) — Fort Wayne City Council granted Brightpoint $2.5 million for its Small Business Loan Project Tuesday. That money will come out of the City’s Legacy Fund, which is meant to invest in transformational projects across the city. As of December 31, 2023, the account holds $36,674,431. The Legacy Joint Funding Committee originally