Fintech

MoneyLion Recognized by CNBC as a FinTech Leader in Its 2024 World’s Best Companies List

Published

6 months ago

14 July, 2024

MoneyLion Recognized by CNBC as a FinTech Leader in Its 2024 World's Best Companies List

MoneyLion (NYSE: ML) has been recognized by CNBC for the second consecutive year as one of the “World’s Best FinTech Companies” for 2024. This recognition, facilitated by CNBC and Statista Inc., highlights MoneyLion’s position in the Wealth Technology category. MoneyLion is known for its full suite of financial tools, including managed investment accounts, automated investing and round-ups, aimed at improving the financial health of American consumers. CEO Dee Choubey attributes this honor to the trust consumers place in MoneyLion for their financial decisions. The recognition comes after MoneyLion’s fifth consecutive record quarter, underscoring its successful and diversified business model and commitment to transformative financial technology. For more information, visit their official websites and follow investor updates on social media.

07/11/2024 – 06:16 PM

NEW YORK–(BUSINESS WIRE)–
MoneyLeone (“MoneyLion”) (NYSE: ML), a digital consumer finance ecosystem that empowers everyone to make better financial decisions, has been recognized for the second consecutive year as one of the CNBC’s “World’s Best FinTech Companies 2024” ListThis prestigious award is presented by CNBC and Statista Inc., the world’s leading statistics portal and industry rankings provider.

MoneyLion was recognized in the Wealth Technology category in the second edition of CNBC’s World’s Top Fintech Companies.

Offering a robust suite of wealth-building tools like managed investment accounts, auto-investing, and rounding, MoneyLion is dedicated to improving the financial lives of American consumers. By using MoneyLion, consumers can feel more in control of their finances and better take care of themselves and their families.

“We are proud to be mentioned alongside some of the world’s leading FinTech companies for the second year in a row,” said Ilaria Deefounder and CEO of MoneyLion. “This recognition is a testament to consumers’ trust in MoneyLion to help them make their best financial decisions. We have a strong set of offerings that no other player in the industry can replicate, with credit monitoring and banking dashboards, investment and savings calculators, and personalized content to guide consumers. Being named to this list further underscores how we are on the right track with our mission.”

The list of the world’s top FinTech companies recognizes 250 companies across eight different market segments: Payments, Neobanking, Alternative Finance, Wealth Technology, Financial Planning, Digital Assets, Business Process Solutions, and Banking Solutions. These segment-specific KPIs were derived from the following research methods:

Collection of publicly available data points: An in-depth research was conducted on relevant KPIs for over 2,000 eligible companies, using publicly available sources, including annual reports, company websites and media monitoring.
Open the application online: Over 100 companies had the chance to be considered for the top of the ranking by submitting relevant KPIs.

This honor comes after MoneyLion’s fifth consecutive record quarter, demonstrating the strength and resilience of its diversified business model. It also highlights MoneyLion’s ongoing commitment to investing in transformative technologies that redefine the way consumers interact with financial services.

For more information about MoneyLion, visit www.moneylion.comFor information on Engine by MoneyLion for Business, visit www.motor.techFor investor information and updates, visit investors.moneylion.com and follow @MoneyLionIR on X.

About MoneyLion

MoneyLion is a leader in financial technology that powers the next generation of personalized products, content and marketing technology, with a super consumer finance app, a best-in-class integrated financial platform for businesses and a world-class media arm. MoneyLion’s mission is to empower everyone to make better financial decisions. We pride ourselves on serving the many, not the few; providing security through guidance, choice and personalization; and closing the distance to informed action. In our go-to consumer app, we deliver curated content on finance and related topics, through a personalized feed that engages people to learn and share. People take control of their finances with our innovative financial products and marketplace, including our full suite of features for saving, borrowing, spending and investing, seamlessly bringing together the best offerings and content from MoneyLion and our network of over 1,100 corporate partners, together in one experience.

MoneyLion’s enterprise technology provides the ultimate search engine and marketplace for financial products, enabling any business to add embedded finance to their business, with advanced AI-powered data and tools through our platform and API. Founded in 2013, MoneyLion connects millions of people with the financial products and content they need, when and where they need it.

View original version on businesswire.com: https://www.businesswire.com/news/home/20240711333801/en/

MoneyLion Communications

pr@moneylion.com

Source: MoneyLion Inc.

FAQ

What is the stock symbol for MoneyLion?

MoneyLion’s stock symbol is ML.

What recent recognition has MoneyLion received?

MoneyLion has been recognized by CNBC as one of the “World’s Best FinTech Companies” for 2024.

In which category was MoneyLion recognized by CNBC?

MoneyLion was awarded in the Wealth Technology category.

How many consecutive years has MoneyLion been recognized by CNBC?

MoneyLion has been recognized by CNBC for two years in a row.

What tools does MoneyLion offer consumers?

MoneyLion offers tools such as managed investment accounts, automatic investing, and rounding.

What does CNBC and Statista recognition mean for MoneyLion?

This recognition is a testament to consumer confidence in MoneyLion’s financial tools and its successful business model.

What milestone has MoneyLion recently achieved?

MoneyLion achieved its fifth consecutive record quarter.

Where can I find more information about MoneyLion?

For more information about MoneyLion, visit www.moneylion.com, www.engine.tech, and investors.moneylion.com.

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Fintech

Lloyds and Nationwide invest in Scottish fintech AI Aveni

Published

6 months ago

29 July, 2024

FinCrypto Staff

Lloyds and Nationwide invest in Scottish AI fintech Aveni

Lloyds Banking Group and Nationwide have joined an £11m Series A funding round in Scottish artificial intelligence fintech Aveni.

The investment is led by Puma Private Equity with additional participation from Par Equity.

Aveni creates AI products specifically designed to streamline workflows in the financial services industry by analyzing documents and meetings across a range of operational functions, with a focus on financial advisory services and consumer compliance.

The cash injection will help fund the development of a new product, FinLLM, a large-scale language model created specifically for the financial sector in partnership with Lloyds and Nationwide.

Joseph Twigg, CEO of Aveni, explains: “The financial services industry doesn’t need AI models that can quote Shakespeare, it needs AI models that offer transparency, trust and, most importantly, fairness. The way to achieve this is to develop small, highly tuned language models, trained on financial services data, vetted by financial services experts for specific financial services use cases.

“FinLLM’s goal is to set a new standard for the controlled, responsible and ethical adoption of generative AI, outperforming all other generic models in our selected financial services use cases.”

Robin Scher, head of fintech investment at Lloyds Banking Group, says the development programme offers a “massive opportunity” for the financial services industry by streamlining operations and improving customer experience.

“We look forward to supporting Aveni’s growth as we invest in their vision of developing FinLLM together with partners. Our collaboration aims to establish Aveni as a forerunner in AI adoption in the industry, while maintaining a focus on responsible use and customer centricity,” he said.

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Fintech

Fairexpay: Risk consultancy White Matter Advisory acquires 90% stake in fintech Fairexpay

Published

6 months ago

29 July, 2024

FinCrypto Staff

Treasury Risk Consulting Firm White Matter Alert On Monday he announced the acquisition of a 90% stake in the fintech startup Fair payment for an undisclosed amount. The acquisition will help White Matter Advisory expand its portfolio in the area of cross-border remittance and fundraising services, a statement said. White Matter Advisory, which operates under the name SaveDesk (White Matter Advisory India Pvt Ltd), is engaged in the treasury risk advisory business. It oversees funds under management (FUM) totaling $8 billion, offering advisory services to a wide range of clients.

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White Matter Advisory, based in Bangalore, helps companies navigate the complexities of treasury and risk management.

Fairexpay, authorised by the Reserve Bank of India (RBI) under Cohort 2 of the Liberalised Remittance Scheme (LRS) Regulatory Sandbox, boasts features such as best-in-class exchange rates, 24-hour processing times and full security compliance.

“With this acquisition, White Matter Advisory will leverage Fairexpay’s advanced technology platform and regulatory approvals to enhance its services to its clients,” the release reads.

The integration of Fairexpay’s capabilities should provide White Matter Advisory with a competitive advantage in the cross-border remittance and fundraising market, he added.

The release also states that by integrating Fairexpay’s advanced technology, White Matter Advisory aims to offer seamless and convenient cross-border payment solutions, providing customers with secure options for international money transfers.

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Fintech

Rakuten Delays FinTech Business Reorganization to 2025

Published

6 months ago

29 July, 2024

FinCrypto Staff

Rakuten (Japan:4755) has released an update.

Rakuten Group, Inc. and Rakuten Bank, Ltd. announced a delay in the reorganization of Rakuten’s FinTech Business, moving the target date from October 2024 to January 2025. The delay is to allow for a more comprehensive review, taking into account regulatory, shareholder interests and the group’s optimal structure for growth. There are no anticipated changes to Rakuten Bank’s reorganization objectives, structure or listing status outside of the revised timeline.

For more insights on JP:4755 stock, check out TipRanks Stock Analysis Page.

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Fintech

White Matter Advisory Acquires 90% Stake in Fintech Startup Fairexpay

Published

6 months ago

29 July, 2024

FinCrypto Staff

White Matter Advisory Acquires 90% Stake in Fintech Startup Fairexpay

You are reading Entrepreneur India, an international franchise of Entrepreneur Media.

White Matter Advisory, which operates under the name SaveDesk in India, has announced that it is acquiring a 90% stake in fintech startup Fairexpay for an undisclosed amount.

This strategic move aims to strengthen White Matter Advisory’s portfolio in cross-border remittance and fundraising services.

By integrating Fairexpay’s advanced technology, White Matter Advisory aims to offer seamless and convenient cross-border payment solutions, providing customers with secure options for international money transfers.

White Matter Advisory, known for its treasury risk advisory services, manages funds under management (FUM) totaling USD 8 billion.

Founded by Bhaskar Saravana, Saurabh Jain, Kranthi Reddy and Piuesh Daga, White Matter Advisory helps companies effectively manage the complexities of treasury and risk management.

The SaveDesk platform offering includes a SaaS-based FX market data platform with real-time feeds for over 100 currencies, bank cost optimization services, customized treasury risk management solutions, and compliance guidance for the Foreign Exchange Management Act (FEMA) and other trade regulations.

Fairexpay is a global aggregation platform offering competitive currency exchange rates from numerous exchange partners worldwide. Catering to both private and corporate customers, Fairexpay provides seamless money transfer solutions for education, travel and immigration, as well as simplifying cross-border payments via API and white-label solutions for businesses. Key features include competitive currency exchange rates, 24-hour processing times, extensive currency coverage of over 30 currencies in more than 200 countries, and secure, RBI-compliant transactions.

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