Tagged: financial services

February 9, 2024 @ 5:47 pm By Omar Faridi  |  

Brite Payments, an enabler of instant bank payments, announced that it has joined The Payments Association EU as a Patron Member. The membership underlines Brite’s commitment “to industry collaboration as it expands its product offering across Europe.” Brite Payments enables instant account-to-account (A2A) payments and… Read More

February 8, 2024 @ 2:57 pm By Omar Faridi  |  

Setpoint, a financial services provider, is pleased to establish a banking relationship with Wells Fargo which enables the cloud-based software company “to expand its payment disbursement capabilities.” Setpoint will assume the crucial roles of Paying Agent and Calculation Agent “for various clients, such as auto… Read More

February 2, 2024 @ 7:41 am By Omar Faridi  |  

Robinhood (NASDAQ: HOOD) explains that it was founded on a simple idea: that their financial markets should be accessible to all. With customers at the “heart” or core of their decisions, Robinhood claims that it is lowering barriers and “providing greater access to financial information… Read More

February 1, 2024 @ 7:48 pm By Omar Faridi  |  

Conferma Pay has partnered with ConnexPay to allow businesses to simplify their payments processes by issuing virtual cards for improved cash flow management. The partnership brings together Conferma Pay’s virtual card ecosystem and ConnexPay’s virtual card issuing engine and real-time funding processes “to create a… Read More

February 1, 2024 @ 3:22 am By Omar Faridi  |  

MX Technologies, Inc., announced the launch of Customer Analytics for financial services providers. Customer Analytics leverages enhanced transaction data and actionable consumer insights to help financial providers “increase deposits and engagement by identifying cross-sell opportunities, achieving a higher ROI on marketing spend and campaigns, and… Read More

January 30, 2024 @ 12:12 pm By Omar Faridi  |  

BNY Mellon (NYSE: BK) announced the launch of Virtual Account Based Solutions, a new cash management solution providing clients with enhanced access to and control of cash administration activities and reporting capabilities. This marks another innovative solution designed “to make money work more smoothly for… Read More

January 30, 2024 @ 7:45 am By Omar Faridi  |  

bunq, which claims to be the second largest neobank in Europe, reports a net profit of €53.1 million in 2023. A “testament” to bunq’s sustainable business model proven to yield record profits throughout 2023, the challenger will “direct its net profit to propel its global… Read More

January 28, 2024 @ 9:17 pm By Omar Faridi  |  

NayaPay, a financial platform, has partnered with Alipay+, a cross-border digital payments and marketing platform operated by Ant International. The collaboration between NayaPay and Alipay+ is set “to make a significant impact by deploying QR codes compatible with both RAAST and Alipay+ payment partners, including… Read More

January 25, 2024 @ 12:01 pm By Omar Faridi  |  

Worldline [Euronext: WLN], a global enabler of payment services, is further expanding and enriching its partnership with Commerzbank. This extension enables Commerzbank to “offer its customers in Austria, France, Italy, the Netherlands, Spain and the United Kingdom the sending and receiving of real-time transfers in… Read More

January 24, 2024 @ 10:14 pm By Omar Faridi  |  

The ModernFi team is pleased to announce that it has raised an additional $18.7 million in funding to bring its tech-forward platform “to community and regional banks to help them grow, retain, and manage their deposits.” Led by Canapi Ventures, the investment round also “had… Read More

January 24, 2024 @ 12:19 pm By Omar Faridi  |  

HashKey Group, an end-to-end digital asset financial services group in Asia, and OKX, a global Web3 technology company and crypto exchange, announced plans to “create a partnership to promote compliant virtual asset innovation and industry development in Hong Kong.” The planned collaboration is to “include… Read More

January 24, 2024 @ 8:22 am By Omar Faridi  |  

Liberis, a firm focused on embedded business finance solutions, announced a two-year extension of its collaboration with Worldpay, a global enabler of e-commerce and payment processing technology and solutions. Worldpay Working Capital empowers small and medium-sized enterprises (SMEs) by providing easy access “to personalized, revenue-based… Read More

January 23, 2024 @ 4:28 am By Omar Faridi  |  

Mashreq, which claims to be one of the leading financial institutions in the MENA region, has signed a Memorandum of Understanding (MoU) with the UAE-based fintech firm, Fils, in order to “develop a corporate carbon offsetting offering that helps corporate and institutional clients to integrate… Read More

January 21, 2024 @ 7:45 pm By Omar Faridi  |  

Eltropy, the digital conversations platform for community financial institutions (CFIs), has recently announced the launch of Lobby Management – a new capability to create better in-branch experiences. Part of Eltropy’s Unified Digital Conversations Platform, Lobby Management empowers in-branch associates “to manage customer flow effectively, all… Read More

January 21, 2024 @ 5:46 pm By Omar Faridi  |  

Regtech Sumsub has reportedly joined the MENA FinTech Association (MFTA) in order to drive business growth in the MENA region, while “raising identity fraud awareness, and fostering innovation in the fintech sector.” This partnership highlights Sumsub’s commitment “to establishing and strengthening key industry connections and… Read More

January 16, 2024 @ 10:29 pm By Omar Faridi  |  

Australians spent nearly AUD$200 more through the latest peak sales season in 2023 compared with 2022, according to the latest Digital Economy Index from global financial platform Airwallex. The Airwallex Digital Economy Index reportedly “records year-to-date spending per adult, as well as quarter-by-quarter snapshots of… Read More

January 14, 2024 @ 5:16 pm By Omar Faridi  |  

Defining “competitiveness” in financial services is not a simple task, according to an extensive industry report. The aim of the report, produced by Luxembourg for Finance (LFF) in partnership with OMFIF, is to consider “the relative competitiveness of the European financial services industry against their… Read More

January 9, 2024 @ 11:15 pm By Omar Faridi  |  

ZilBank.com, a B2B payment platform, has recently announced its initiative that enables South Korean entrepreneurs and freelancers to conduct payments to the United States effortlessly, promoting worldwide business expansion without being limited by geographic barriers. The platform has made it easier for South Korean businesses… Read More

January 6, 2024 @ 4:34 pm By Omar Faridi  |  

Faster, cheaper, and more transparent cross-border payment services have “the potential to improve many lives by supporting economic growth, international trade, global development, and financial inclusion.” This, according to an update shared by the International Monetary Fund (IMF). The Group of Twenty has prioritized such… Read More

January 6, 2024 @ 10:28 am By Omar Faridi  |  

New data from Nationwide shows that cash usage continues “to rise as many households respond to the cost-of-living crisis by budgeting with physical money.” That data also shows where the building society is “the last remaining branch in town, the growth in usage is at… Read More