NAIROBI, Kenya–Digital banking startup Kwara has raised $4 million in a seed funding round to further develop its neobank app in Kenya as it seeks to turn traditional savings cooperatives into modern digital banks, according to the company.
Fresh Today
CHICAGO–The globe’s best financial institutions when it comes to “outside-the-box thinking in breakthrough technologies, state-of-the-art design and implementation, that drive efficiency and enterprise profitability” have been announced.
DALLAS—Consumers in 2022 intend to send remittances at the same levels they did in 2021, a new study from MoneyGram International is forecasting.
NEW YORK—Chase has entered into a new partnership that offers statement credits to cardholders who use an online service that says it says delivers thousands of products to consumers for a nominal fee.
PURCHASE, N.Y.–Retail sales in the United States jumped nearly 11% this holiday season compared with the holiday period in 2019, the year before the pandemic upended the global economy, according to a new Mastercard analysis.
WASHINGTON–Americans’ personal income may have increased $90.4 billion (0.4%) in November, but they’re paying nearly 6% more for common goods and services compared with one year earlier, according to estimates released by the Bureau of Economic Analysis (BEA).
TACOMA, Wash.– TAPCO Credit Union has named a new CEO.
ROBINS, Ga.–Several more credit unions have announced year-end givebacks and rebates to members.
CHICAGO—TransUnion is partnering with HomeFree-USA, a nonprofit homeownership development and financial empowerment organization, as part of an effort to help more Black Americans achieve and sustain homeownership.
WASHINGTON—A mortgage industry data analytics firm will be required to bolster its data security protections and oversight of its vendors to ensure third-party providers are also complying with those safeguards, according to the terms of a settlement between the company and the Federal Trade Commission.