January 19, 2025 @ 8:26 pm By JD Alois  |  

Swiss digital asset bank Sygnum is reporting a $58 million funding round at a $1 billion valuation. According to Sygnum, the funding round was oversubscribed. The lead investor was Bitcoin-focused VC Fulger Ventures. Others participating in the ournd include new and existing investors as well… Read More

 Tagged banking, fulger ventures, funding round, switzerland, sygnum

January 19, 2025 @ 8:16 pm By Omar Faridi  |  

10x Banking, the cloud-native meta core banking platform, and DLT Apps, a firm focused on solutions for data migration, have partnered to leverage AI to set a standard in the banking industry’s digital transformation efforts. This partnership offers a migration journey from legacy and non-legacy… Read More

 Tagged 10x banking, digital technology, digitalization, dlt apps

January 19, 2025 @ 8:13 pm By Omar Faridi  |  

Novobanco and Nasdaq (Nasdaq: NDAQ) announced the expansion of their tech partnership, which will see novobanco expand its use of Nasdaq’s Calypso platform to support the bank’s capital market operations. Novobanco, a Portuguese independent domestic bank, has used the solution to conduct back-office processing for… Read More

 Tagged digital technology, nasdaq, novobanco

January 19, 2025 @ 8:12 pm By Omar Faridi  |  

IG Group Holdings plc is pleased to announce the acquisition of Freetrade, the fast-growing, commission-free, self-directed investment platform, for £160 million. The transaction will strengthen IG’s UK trading and investments offering and provide “access to new customer segments and capabilities.” Breon Corcoran, CEO of IG… Read More

 Tagged acquisition, freetrade, ig gfoup

January 19, 2025 @ 2:42 pm By Omar Faridi  |  

Inclusive global payments platform, Ecommpay has launched a new design tool enabling merchants to tailor the payment experience to maximize customer conversion. The functionality allows for customization of any part of a payment page layout as well as “providing CSS and A/B testing for optimized performance.”… Read More

 Tagged ecpmmpay, payments

January 19, 2025 @ 10:18 am By Omar Faridi  |  

ClearBank the enabler of real-time clearing and embedded banking, today announced its partnership with Airwallex, a payments and financial platform for businesses. Through this collab, Airwallex will leverage ClearBank’s agency banking solution to “enhance its UK offering with virtual business accounts, GBP collections, and Confirmation of… Read More

 Tagged airwallex, clearbank, uk, united kingdom

January 18, 2025 @ 4:56 pm By Tony Zerucha  |  

This week, KCB Bank Kenya and UnionPay International partnered to enhance e-commerce payment capabilities in Kenya, enabling UnionPay cardholders to transact on digital platforms. This collaboration is aimed at enriching the online shopping experience for consumers and merchants across Kenya. “We are delighted to join hands with UnionPay… Read More

 Tagged Asad Burney, e-commerce, Jane Isiaho, Kenya, unionpay international

January 17, 2025 @ 7:11 pm By Omar Faridi  |  

Thunes, the “Smart Superhighway” to move money around the world, today welcomes Hyperwallet, a PayPal service for global payouts, as a Member of Thunes’ Direct Global Network. As part of this network, Hyperwallet customers can send money in real-time to “more than 450 million mobile… Read More

 Tagged apac, digitalization, hyperwallet, international payments, thunes

January 17, 2025 @ 4:18 pm By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), a “one-stop shop” for digital financial services that helps members borrow, save, spend, invest and protect their money, announced a $525 million personal loan securitization agreement closed in Q4 2024 with funds and accounts managed by PGIM Fixed Income, one… Read More

 Tagged digital financial services, loan securitization, pgim fixed income, sofi

January 17, 2025 @ 1:39 pm By Omar Faridi  |  

Over one-third of UK adults say they have £25,000 or more in cash savings, according to research from Starling Bank, and it seems that “putting money aside for life goals is the key to building up a savings pile.” Starling Bank noted that 36% of… Read More

 Tagged research, savings, starling bank, uk, united kingdom