September 4, 2024 @ 8:07 pm By Omar Faridi  |  

Tabby, the MENA’s shopping and financial services app, has announced it has entered into a definitive agreement to acquire Tweeq, a Saudi-based digital wallet licensed by the Saudi Central Bank (SAMA), during 24 Fintech, Saudi’s flagship fintech event. Tweeq will continue to operate independently, and… Read More

 Tagged acquisition, financial services, mena, tabby, tweeq

September 4, 2024 @ 8:02 pm By Omar Faridi  |  

BillEase, the digital consumer finance platform in the Philippines, today announced TPG’s The Rise Fund has signed definitive documentation to lead a significant strategic investment in the company. With the investment, The Rise Fund, the multi-sector strategy of TPG’s global impact investing platform, is leading… Read More

 Tagged BillEase, Philippines, the rise fund, tpg

September 4, 2024 @ 8:01 pm By Omar Faridi  |  

Alpaca explains in a blog post that individual retirement arrangements (IRAs) are tax advantaged retirement accounts available for individuals earning income in the U.S. These accounts offer significant tax benefits which “incentivize individuals to save long term for retirement.” These associated incentives often lead to… Read More

 Tagged alpaca, iras, retirement

September 4, 2024 @ 12:17 pm By JD Alois  |  

The UK Payment Systems Regulator (PSR) has updated the status of APP scam protections. APP scams incorporate digital fraud, where users of financial or transactional Apps send money to bogus sites or fraudsters.  The PSR says that in 2023, there were over 250,000 cases of… Read More

 Tagged app scams, clear junction, fraud, payment systems regulator, payments, psr, transfers, tribe payments, uk, united kingdom

September 4, 2024 @ 12:02 pm By Omar Faridi  |  

3forge has announced that it has closed on an investment by Morgan Stanley. This is the first time 3forge has “raised external capital since launching in 2011.” 3Forge is described as a high-performance platform developers use to create enterprise applications. Its technology seeks to enable… Read More

 Tagged 3forge, code solutions, morgan stanley

September 4, 2024 @ 9:45 am By Omar Faridi  |  

Lloyds Bank has teamed up with Cleareye.ai, an artificial intelligence platform, leveraging AI to enhance the processing and compliance checking of trade finance documentation to enable efficiencies for customers. The innovative tech will use optical character recognition, machine learning and natural language processing algorithms in… Read More

 Tagged artificial intelligence, cleareye.ai, compliance, lloyds bank, trade finance

September 4, 2024 @ 7:08 am By Omar Faridi  |  

Ume, a payment network and merchant services platform for small- and mid-sized businesses (SMBs) on Pix, has announced it has raised $15 million in Series A equity funding. The investment round was led by PayPal Ventures, “with participation from NFX, Globo Ventures, Clocktower Ventures, Big… Read More

 Tagged equity funding, payments, PayPal Ventures, pix, smbs, ume

September 4, 2024 @ 5:34 am By Omar Faridi  |  

10x Banking, the cloud-native core banking platform, has announced a strategic partnership with SunTec Business Solutions, the world’s relationship-based pricing and billing provider, to enable banks to offer personalized and contextual products, services and offers to their customers, across Corporate, SME and Retail Banking. As… Read More

 Tagged 10x banking, business solutions, core banking, SunTec

September 3, 2024 @ 11:06 pm By Omar Faridi  |  

Small-and-medium-sized enterprises (SMEs) are increasingly looking to global markets to fuel their growth. According to Mastercard’s 2023 Borderless Payments Report, 50% are now “conducting more international business than they did in 2021, contributing to over $17 trillion in annual cross-border payments.” Despite this momentum, growth… Read More

 Tagged digital transactions, payments, ripple, sme's

September 3, 2024 @ 7:00 pm By Peter Reynolds  |  

The US Federal Reserve Board’s June cease-and-desist order against Evolve Bancorp and its subsidiary, Evolve Bank & Trust, came in response to a series of alarming deficiencies in its risk management, anti-money laundering (AML), and compliance practices. The order wasn’t just a regulatory formality—it was… Read More

 Tagged aml, evolve, peter reynolds, thetaray