UMass Boston, the University of Rhode Island, nonprofit engineering consultancy MITRE and fintech LoanSpark have joined Mass Fintech Hub to be a part of the financial technology community in the state.
A new report found that funding and employment in the financial technology sector in Massachusetts improved from 2020 to 2022. However, there is still room for improvement in diversity and inclusion, collaboration between industry stakeholders and partnership with regulators.
Months after one of its cryptocurrency-related products led to multimillion-dollar losses at BankProv, the Amesbury-based bank has a new financial technology partnership involving savings accounts.
Citing the effects of the current economic environment on the mortgage industry, Connecticut-based mortgage technology company Promontory MortgagePath has decided to shut down.
Core technology provider Jack Henry & Assoc. plans to acquire Connecticut-based Payrailz, a digital payments company used by several Massachusetts lenders.
KeyBank has selected Waltham-based fintech BlueSnap to provide a global payments platform for some middle-market clients.
Westwood-based financial technology firm ZSuite Technologies has raised $11 million in a Series A funding round, the company said in a statement last week.
Notarize, a Boston-based technology company that offers a remote online notarization product, laid off 25 percent of its employees on Wednesday.
The parent company of Webster Bank has agreed to acquire Boston-based Bend Financial Inc., a technology company that offers a cloud-based platform for health savings accounts.
Boston-based financial technology firm Hometap, which provides a loan alternative for tapping into home equity without taking on debt, has received $245 million in capital commitments to its investment fund.
Boston-based financial technology firm Hometap has raised $60 million in operating capital to support its platform that allows homeowners to tap into home equity without taking on debt.
Boston-based Numerated, a financial technology company that provides a business loan origination platform for banks and credit unions, has acquired another local fintech that the company said would help reduce work for lenders using the platform.
Boston-based fintech company Centime has partnered with First National Bank of Omaha on a new cash management product for small and midsize businesses. FNBO will provide a credit feature to Centime’s platform, Cash Flow Control, and add the product to its online banking services for businesses.
