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CORE BANKING

Current | January 04, 2021

Current, a main U.S. challenger bank serving Americans ignored by traditional banks, announced it was the first fintech in the country to get the second round of government stimulus payments. Current got the payments before 9 p.m. ET on Tuesday, less than three hours after the U.S. Treasury announced the funds were being issued, and is making all funds fully accessible to all members promptly, as a component of its mission to improve financial outcomes. "We'...

FUNDING

Brex | August 30, 2021

U.S. fintech company Brex, the all-in-one finance solution for growing businesses, today launched Brex Venture Debt, a new product that gives select customers access to debt financing. Brex already offers credit cards, cash management accounts, spend management, and bill pay software together in a single dashboard for its customer base of high-growth businesses. With the addition of Brex Venture Debt, the company is further building on its promise of offering financial solutions f...

FINTECH

CBANC | January 11, 2022

CBANC, the largest online community for banking and credit union professionals, recently launched a comprehensive platform that features an online marketplace of products and solutions for financial institutions. The new marketplace enables information and data for 1,000 products from more than 450 companies that provide innovative solutions and services to banks and credit unions. With this, the new marketplace also provides the industry with the most up-to-date, comprehensive ca...

FINTECH

Visa, Currencycloud | July 23, 2021

Visa announced today that it has entered into a definitive agreement to purchase Currencycloud, a worldwide platform that enables banks and fintechs to provide innovative foreign currency solutions for cross-border payments. Currencycloud is valued at £700 million, including cash and retention incentives, as part of the acquisition, which builds on the two firms' existing strategic cooperation. The financial consideration will be decreased by Visa's existing ownership of Currencycl...