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Payments, Fintech
Globenewswire | June 23, 2023
Sezzle, a purpose-driven installment payment platform, is pleased to announce the launch of its new Sezzle Pay Anywhere product - a subscription-based service that allows shoppers to use Sezzle’s Virtual Card online, in-store, or wherever Visa is accepted. Sezzle fills an important gap in consumers’ financial lives, and when used responsibly, it can open doors to opportunities. Only 44% of the US adult population is considered Credit Prime, while the rest are conside...
Investment Management
DriveWealth, Plaid | March 31, 2021
DriveWealth, a global brokerage infrastructure platform, announced a new collaboration with Plaid, a financial data network, to provide users of both platforms with convenient online investment account support. Customers of both companies can use Plaid to authenticate their end users' bank accounts and receive tokens that provide swift, safe bank funding source authentication through the DriveWealth API. This improves the Automated Clearing House's performance rate, increa...
Reuters | March 04, 2020
The interest rate on U.S. overnight repurchase agreements slipped on Friday after an operation conducted by the New York Federal Reserve that parked $75 billion in temporary cash in the U.S. banking system. The overnight repurchases agreement (repo) rate was last USONRP= 1.85%-1.95%, compared with 1.90%-2.00% before the latest repo operation. They ended at 1.75% late on Thursday after hitting 10% on Tuesday, according to Refinitiv data. The U.S. central bank has conducted a series of cash-adding...
Core Banking
Save | June 01, 2022
Save®, a prominent fintech company, launched a first-of-its-kind savings program called the Market Savings program. The firm announced that it has signed an agreement with Wester Bank N.A., a premier bank in the Northeast that offers a wide berth of financial and digital banking products to individual and commercial customers. The savings account will be made available to Save® customers who opt into the program on the Savetech platform. We're exc...
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