Tagged: business strategy

July 9, 2023 @ 12:58 pm By Omar Faridi  |  

FIS (NYSE: FIS), which claims to be a global leader in financial services technology, announced an acceleration of its previously announced separation plan in order “to create two highly focused global companies with greater strategic flexibility.” FIS has signed a definitive agreement “to sell a… Read More

July 7, 2023 @ 9:54 am By Omar Faridi  |  

Merchant Lynx Services, a “top fifty” merchant acquirer, is pleased to announce their acquisition of National Credit Card Processing Group (NCCP) as “part of the company’s strategic expansion.” NCCP Group provides payment acceptance services and technology solutions “to the B2B sector.” Their core verticals “are… Read More

December 16, 2022 @ 8:37 pm By Omar Faridi  |  

FIS (NYSE: FIS), which claims to be a global leader in financial services technology, announced that its incoming Chief Executive Officer and Board of Directors have initiated a comprehensive “assessment of the company’s strategy, businesses, operations and structure with the goal of positioning the Company… Read More

April 13, 2022 @ 5:46 am By Omar Faridi  |  

Paymob, MENA region’s virtual payments provider, has announced its formal market entry, and “start of operations, in Pakistan.” Paymob’s expansion into Pakistan follows its steady growth in its home market of Egypt, plus Jordan and other world regions where – combined – it “services tens… Read More

April 2, 2022 @ 4:05 pm By Omar Faridi  |  

NTT DATA UK has announced that it has appointed Fernando Apezteguia as the new CEO for NTT DATA UK and Ireland. Apezteguia will now lead the business after having been part of the organization for over 20 years, with the aim of “accelerating its growth… Read More

April 1, 2022 @ 1:24 pm By Omar Faridi  |  

Klarna, the international retail bank, payments, and shopping service that helps consumers save time and money, be informed and in control, has launched ‘Klarna Kosma’, a sub-brand and business unit “to harness the rapid growth of its … Open Banking platform.” By offering simple access… Read More

March 29, 2022 @ 10:37 am By Omar Faridi  |  

Nordic Fintech challenger Lunar has reportedly made a cash offer valued at €132 million in order to acquire all outstanding shares of Norway’s virtual banking platform, Instabank. Established back in 2016, Instabank currently serves over 60,000 clients based in Norway, Finland and Germany with secured… Read More

March 28, 2022 @ 8:04 am By Omar Faridi  |  

At the beginning of 2022, Gemini had welcomed their CTO, Pravjit Tiwana, who joined them from Amazon Web Services (AWS). Pravjit is responsible for leading Gemini’s Engineering, Product, and Information Security teams, with “a vision of building customer-centric innovative products that harness the opportunities of… Read More

March 3, 2022 @ 9:08 pm By Omar Faridi  |  

Tide, which is the United Kingdom’s business financial platform with full-scale operations set to launch in India, has confirmed their plans to support 500,000 female-led companies by 2027. UK based #fintech #Tide commits to incubate 500,000 women-led small businesses in India in next five years,… Read More

February 23, 2022 @ 6:13 pm By Omar Faridi  |  

Within any commerce ecosystem — particularly in digital commerce — chargebacks appear to have become a way of everyday life, according to an update from Verifi. For merchants, chargebacks can be a drain on both time and financial resources. Improved communication between merchants and issuers… Read More

February 18, 2022 @ 3:53 pm By Omar Faridi  |  

Much has been made of embedded lending during the past couple years. With the COVID-19 crisis shuttering businesses and forcing a major shift to online and all-digital services, you could say that this was inevitable. Now, large Fintechs like Klarna, Stripe and PayPal have shown… Read More

February 14, 2022 @ 6:22 am By Omar Faridi  |  

Worldline (Euronext: WLN), a provider of payments and transactional services, is reportedly getting ready to sell its point-of-sale terminal business to Apollo Global Management for $2.3 billion. This, according to a report from the WSJ. A deal might be finalized within a few days as… Read More

January 30, 2022 @ 12:20 pm By Omar Faridi  |  

Jack Zhang, the Co-founder and CEO at Fintech Airwallex, notes that in the past year, they continued on their journey to build one of the biggest international financial infrastructures by expanding their platform capabilities and geographic presence. Zhang writes in a blog post that Airwallex… Read More

January 18, 2022 @ 8:41 pm By Omar Faridi  |  

Shaun Scovil, General Manager at digital assets firm Poloniex, notes that as they embark on their eighth year of operations, the team has reflected on all the great things they think they’ve accomplished so far, while “preparing for the exciting challenges and opportunities ahead.” Shaun… Read More

January 17, 2022 @ 8:22 pm By Omar Faridi  |  

The team at Ramp has shared a detailed look into how the early adoption of stablecoins helped them with increasing their Corporate Treasury returns. Alex Song, Head of Finance at Ramp, notes that during the past two and a half years, the Fintech company has been… Read More

December 30, 2021 @ 11:10 am By Omar Faridi  |  

Earlier this month, the team at digital bank Zopa made an important update regarding the future of their peer-to-peer business. After 16 years of handling P2P investments at Zopa, the team has taken the decision to close down their retail investing business (something similar to… Read More

September 5, 2021 @ 11:15 am By Omar Faridi  |  

Rahul Chari, CTO and Co-Founder at PhonePe, one of India’s leading payments app providers, recently confirmed that they’ve onboarded 300 million users after launching operations around 5 years back. Chari writes in a blog post that they launched the PhonePe app on August 28, 2016… Read More

April 3, 2021 @ 10:17 am By Omar Faridi  |  

Razer, a leading gaming hardware producer, has managed to diversify its business operations during the past few years. Razer CEO and Co-founder Min-Liang Tan first launched the company in 2005 with the goal to develop a computer mouse that would be ideal for avid gamers…. Read More

March 17, 2021 @ 3:50 pm By Omar Faridi  |  

The shares of LendingClub (NYSE: LC), an online lender and nascent digital bank, have been surging recently. Last week, LendingClub reported an adjusted net loss of $(22.1) million in the fourth quarter, compared to an adjusted net income of $7.0 million the same quarter last… Read More

March 2, 2021 @ 12:35 am By Omar Faridi  |  

Payments platform Adyen (AMS:ADYEN) notes that during times like these, it can be challenging to find the “headspace” to map out business growth plans. Adyen also mentioned that it can be difficult to know where exactly to start. The Fintech firm  thinks that what we… Read More