BNY Mellon has announced updates to employee benefits for 2024, including expanded mental health resources for employees and an increased minimum wage. BNY Mellon’s Wellbeing Support Program will launch in 2024 and will provide more personalized access to mental health support for employees and their families – including spouses, domestic partners and children, regardless of BNY Mellon medical plan enrollment. The plan will allow for up to 12 no-cost therapy sessions annually, an increase from five sessions currently available, and will offer employees specific therapist options. This enhance ..read more

Magnifi, the AI-powered financial co-pilot for individual investors from TIFIN, has announced a new milestone in their ability to provide education, insights, and answers on connected self-directed investment accounts. Over 45,000 subscribed users on Magnifi have now connected over $500M in aggregated assets, marking a tipping point for AI’s impact on empowering everyday investors. Magnifi is the first investment-centric AI that can look across all your accounts to show you where you’re paying too much, where you have risks, and where you can improve. The technology, built in-house, can levera ..read more

Not many guests at the 2023 FF Awards would have expected the US state of Ohio to get such excellent representation at a London based awards show. But the home of our friends and awards sponsors, JobsOhio, was on a few people’s lips, including when comedy and Bake Off legend Sue Perkins, sent up the infamous Oscars ‘slap’ incident, alongside our fabulous host for the evening Katherine Ryan. It was a hilarious moment from a night that contained plenty of fun. Of course, you had to be there to find out what really happened, but you can get a taste for it in our summary video above. And, what a n ..read more

S Group, the Finnish retail market leader, is set to enhance customer experiences through an extensive partnership with Adyen, the global financial technology platform of choice for leading businesses. S Group offers everyday services at grocery stores, hotels and restaurants, department stores, service station stores, hardware stores and its own bank, with more than 500 million transactions annually. This strategic partnership will help S Group connect online and offline channels, providing omnichannel experiences and loyalty programme capacity across the S Group brand portfolio to the vast S ..read more

Bluevine, the one-stop digital banking platform specifically designed for small businesses, today announced it has surpassed $1 billion in managed deposits by its small business banking customers. This significant asset threshold has largely been attracted by Bluevine Business Checking, the company’s unique no monthly fee,1 high-yield SMB checking account with a growing suite of built-in business applications, launched only three years ago – and now puts Bluevine on par with the top 20% of FDIC-insured banks and savings institutions2 ranked by deposit volume, according to the most recent FDIC ..read more

InsurTech NY, the largest InsurTech community in North America, wraps up its fourth growth-stage InsurTech accelerator cohort. InsurTech NY’s carrier and broker members selected 41 startups, from a pool of more than 155 applicants in 20 countries, to participate in the hybrid insurance accelerator program. The accelerator ran two months and provided resources to help startups with traction, talent, and financing. “This cohort was one of the most diverse. Startups represented areas of focus from workplace safety to carbon credit insurance” said David Gritz, Managing Director of InsurTech N ..read more

Digital services company Compass UOL announced today it achieved the AWS Financial Services Competency and is offering its Gen AI tools to financial services institutions (FSIs) to speed up the evolution of their business on the cloud. Out of the limited number of companies capable of addressing AWS use cases in the financial services sector, Compass UOL stands out as the sole provider offering its proprietary Gen AI software engineering suite to expedite software development. Financial institutions can also apply AI to new business use cases, like onboarding for physical and business accounts ..read more

Visa (NYSE: V), the world’s leader in digital payments and Egypt’s leading private-sector bank, CIB, announced Hadeer Shalaby, the founder of Green Fashion, Salma Tammam, the founder of Reme-D and Nihal Ali, the founder of Fincart as the much-anticipated winners of its second She’s Next grant program in Egypt. The winners were selected at an award ceremony held at the Hyatt Regency Cairo West. Handpicked from over 4,000 applicants across Egypt, the winning women-owned small businesses each received grants worth US$10,000 along with a year of business coaching from the United States Agency for ..read more

NowCerts, an insurance agency management system, announced today it has partnered with Input 1 to offer an integrated payments solution. The combined solution enables NowCerts’ agents and users to expand their service offerings and accept digital payments via credit, debit, and ACH — with data sourced directly from their management system. “Today’s consumers demand quick and efficient experiences and innovative solutions are a necessity for the insurance industry to remain competitive,” said Todd Greenbaum, CEO of Input 1. “NowCerts truly understands what their customers want and need to thriv ..read more

Salad Money, a social enterprise launched in 2019 to provide an alternative to high-cost lending for NHS and public sector workers with poor, thin, or non-existent credit scores, has appointed Alex Marsh, formerly head of Klarna UK, to its Board as a non-executive director. Marsh will join the growing fintech, a community development finance institution, as it experiences exploding demand for affordable credit and surpasses £58 million in total lending to over 45,000 customers, based on an Open Banking only approach without reference to credit reference data. Salad has pioneered the use of Ope ..read more