Digital Commerce Enablement Investments Increased QoQ, Producing $2.7B Across 96 Deals – Report

E-commerce enablement investments increased QoQ, producing $2.7 billion across 96 deals, deltas of 51.4% and -7.7%, respectively. This, according to an update from PitchBook. PitchBook noted in its research report that deal value was “propped up by one outlier deal: Clio’s $900 million Series F… Read More

Visa Announces Completion of Featurespace Acquisition

Visa (NYSE: V) announced it has completed its acquisition of Featurespace, a developer of real-time artificial intelligence (AI) payments protection tech that prevents and mitigates payments fraud and financial crime risks. This will bolster Visa’s fraud protection capabilities and enhance security. Visa will now reportedly… Read More

MessagePay and AKUVO to Infuse Collections with Latest Payment Technology

MessagePay announced its integration into AKUVO’s Virtual Collector, a key component of the company’s collections platform. AKUVO’s Virtual Collector is designed to empower borrowers to manage their delinquent accounts in a self-service manner, “reducing the need for direct interaction with collection agents.” The integration of… Read More

Nordic Challenger Bank Lunar Launches Update to Hyper-Personalize Banking

Lunar has recently rolled out a major app update, which is described as a game-changer in hyper-personalized banking. Lunar claims that it takes digital banking to the next level with the launch of the app update, 5.0, marking a key moment in the platform’s evolution…. Read More

UK’s Lending Standards Board Releases Review of Registered Firms’ Application of Standards of Lending Practice

A review by the LSB (Lending Standards Board) of its registered firms’ application of the Standards of Lending Practice for business customers has identified 102 areas where action has been needed to “bring firms into compliance with the Standards’ requirements.” The LSB’s FCA-recognized Standards of… Read More

Wealthfront Brings Tax Efficiency to Index-Based Investing with S&P 500 Direct Portfolio

Wealthfront‘s new S&P 500 Direct portfolio combines the performance of the S&P 500 with the benefit of tax savings and is available for just 0.09% – the same price as the “most popular” ETF that tracks the S&P 500. Wealthfront, a tech-driven financial platform, announced… Read More

Arcapita and Dgpays Acquire Majority Stake in NEOPAY for $385

Global alternative investment firm Arcapita and financial infrastructure technology provider Dgpays have acquired a majority stake in NEOPAY, a UAE-based financial institution, in a deal valued at $385 million, according to an announcement. Mashreq Bank, NEOPAY’s founding entity, retains a substantial minority stake, signaling its… Read More

PayRetailers Acquisition of Transfeera Approved by Brazilian Authorities

The Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil (BCB) have reportedly greenlighted the acquisition of Transfeera, a fintech that is specialized in various payment solutions for businesses, by PayRetailers, a payments processor. The latest transaction is said to be part… Read More

Brazil’s Digital Banking Platform Nubank Reports Steady Consolidation and Growth in 2024

The year 2024 marked another period of consolidation and strategic growth for Brazil’s digital banking platform Nubank (NYSE: NU). The firm surpassed 100 million customers and reaffirmed its prominent position in the market by expanding its presence in the “high-income segment, pursuing international growth” with a… Read More

Cross-Border Trade Payments Platform XTransfer Partners with OCBC

XTransfer, the B2B cross-border trade payments platform, and OCBC, the financial services group in SE Asia, have announced their latest partnership. OCBC China will now aim to leverage the OCBC Group’s regional network and resources in its major markets of Singapore, Hong Kong, Malaysia as… Read More

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