January 25, 2025 @ 12:34 pm By Tony Zerucha  |  

Entrust, a provider of trusted payments, identities, and data security, this week introduced AI-powered identity verification as a new capability for its Identity-as-a-Service (IDaaS) platform. In 2024, US businesses lost an estimated $112 billion to fraud, the equivalent of nearly 7% of their revenue. Modern attacks,… Read More

 Tagged ai, Bhagwat Swaroop, biometrics, entrust, identity verification, onfido

January 24, 2025 @ 10:32 pm By Omar Faridi  |  

SBI Payments and Pine Labs announced an expanded strategic alliance, building on their long-standing 12-year partnership. SBI Payments is a JV formed between India’s commercial bank, State Bank of India, and Hitachi Payment Services Pvt. Ltd. As covered, Pine Labs is a merchant commerce platform…. Read More

 Tagged digital transactions, payments, pine labs, sbi payments

January 24, 2025 @ 1:36 pm By Omar Faridi  |  

In a move that has sent ripples across the fintech and broader financial services sectors, Stripe, the global payment processing giant, announced a reduction in its workforce by 300 employees. Financial infrastructure firm Stripe’s management claimed that this restructuring is reportedly part of a broader… Read More

 Tagged financial infrastructure, layoffs, stripe

January 24, 2025 @ 1:29 pm By Omar Faridi  |  

Pomelo Group has completed the acquisition of Singaporean FinTech payments company Arrow Checkout. The firm was established back in 2021 by leading Payments professionals from Grab and Tencent. Arrow offered eCommerce and checkout payments technology, was backed by Y Combinator, and raised funding “from Peak… Read More

 Tagged acquisition, arrow checkout, pomelo group, singapore

January 24, 2025 @ 1:27 pm By Omar Faridi  |  

Clutch says it is turning credit unions into Fintechs, and with the successful completion of a Series B funding round, is equipped with $65 million to  transform the way credit unions deliver products and services to the members and communities they serve. The Series B investment… Read More

 Tagged clutch, credit unions, fintech adoption, investment round

January 24, 2025 @ 11:12 am By Omar Faridi  |  

Checkout.com, a digital payments company, announces a profitable end to 2024 and 45% YoY net revenue growth in its core business, which serves the commerce and fintech sectors and reportedly accounts for “95% of total volumes.” These milestones underscore the company’s commitment to “delivering the… Read More

 Tagged Business Expansion, checkout.com, digital commerce, digital payments, us

January 24, 2025 @ 10:04 am By Omar Faridi  |  

Q2 Holdings Inc. (NYSE: QTWO), a provider of digital transformation solutions for financial services, announced a strategic partnership with Alloy, an identity and fraud prevention platform provider, to deliver a joint ongoing fraud monitoring solution for Q2 Digital Banking customers. Powered by Alloy’s centralized identity… Read More

 Tagged alloy, digital banking, digital identity, q2

January 24, 2025 @ 8:45 am By Omar Faridi  |  

Method Financial, a provider of consumer permissioned financial connectivity, raised $41.5 million in its latest Series B funding round led by Emergence Capital with participation from avra and Samsung Next, and existing investors Andreessen Horowitz, Y-Combinator and Ardent Venture Partners. This fundraise brings the total… Read More

 Tagged emergence capital, financial connectivity, investment round, method financial

January 24, 2025 @ 7:50 am By Omar Faridi  |  

Trading and investing platform eToro announces a partnership with Stocktwits, which claims to be one of the world’s largest social media platforms for traders & investors. The first phase of the collab reportedly includes Stocktwits adding a ‘trade’ button on their site for “all assets… Read More

 Tagged etoro, investing, stocks, stocktwits, trading

January 24, 2025 @ 7:49 am By Omar Faridi  |  

N26 announced free stocks and ETF trading for all customers from 27 January 2025 onwards, enhancing its investment proposition as the “only” financial service provider in Europe to offer trading “without charging fees or commissions.” With this decision, N26 aims to make investing even more… Read More

 Tagged banking, digital bank, etfs, europe, investing, n26, trading