October 6, 2024 @ 2:24 pm By Omar Faridi  |  

Mastercard (NYSE: MA) announced recently that it has launched various new benefits in support of small businesses operating across Canada. Curated new cardholder benefits provide savings on products and solutions tailored to meet the requirements of Canadian business owners. In order to to acknowledge Small… Read More

 Tagged canada, digital transformation, digitalization, mastercard, small businesses, smbs, sme's

October 6, 2024 @ 2:23 pm By Omar Faridi  |  

Canada has reportedly reached $11.9 trillion in total retail payment transactions with 21.7 billion transactions in 2023, which is up six per cent year-over-year. This, according to an update shared by Payments Canada. The report from Payments Canada noted that virtual or online payments represented… Read More

 Tagged canada, digital payments, insights, payments canada, research

October 6, 2024 @ 2:04 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one the largest digital banking platforms outside of Asia, announces the expansion of Nu Limite Garantido, which is described as a feature that enables clients to increase their credit card limit. Gradually, the eligible customer base is reportedly being… Read More

 Tagged brazil, credit cards, digital banking, government bonds, latam, nubank

October 6, 2024 @ 2:03 pm By Omar Faridi  |  

The Bank of New York Mellon Corporation (BNY) (NYSE: BK), a global financial services company, announced BNY has entered into a definitive agreement to acquire Archer Holdco, LLC, a technology-enabled service provider of managed account solutions to the asset and wealth management industry. Archer provides… Read More

 Tagged acquisition, archer holdco, bny, the bank of new york mellon corporation, wealth management

October 6, 2024 @ 2:01 pm By Michael Wong  |  

HSBC Holdings plc has unveiled SemFi by HSBC, a new joint venture with Tradeshift, a global B2B trade network, aimed at delivering seamless embedded finance solutions to business clients. SemFi will integrate HSBC’s payment, trade, and financing services across various e-commerce and marketplace platforms, including… Read More

 Tagged fintech, hsbc, SemFi, tradeshift

October 5, 2024 @ 6:22 pm By Michael Wong  |  

Funding for the generative artificial intelligence (GenAI) sector in the Association of Southeast Asian Nations (ASEAN) is projected to increase by 50 percent year-over-year in 2025, according to the latest report from GenAI Fund. The “ASEAN GenAI Startup Report 2024” attributes this anticipated growth to… Read More

 Tagged ai, asean, funding, genai, generative ai, southeast asia

October 5, 2024 @ 6:18 pm By Omar Faridi  |  

In a move signaling alignment with US regulatory actions, the UK’s Financial Conduct Authority (FCA) is preparing to survey City firms to scrutinize their use of encrypted messaging services such as WhatsApp. Regtech firm SteelEye has shared informative insights to help industry participants with gaining… Read More

 Tagged banking, compliance, fca, regtech, research, steeleye, uk, united kingdom

October 5, 2024 @ 6:15 pm By Michael Wong  |  

Barte, a Brazilian Fintech firm, has announced raising $8 million in its Series A funding round that will help it scale its modular payment solutions. The latest funding round was led by AlleyCorp, a New York-based venture capital firm founded by serial entrepreneur Kevin Ryan,… Read More

 Tagged AlleyCorp, Barte, brazil, fintech

October 5, 2024 @ 6:12 pm By Tony Zerucha  |  

To show the true impact friendly fraud has on retailers, Chargebacks911 has released its 2024 Chargeback Field Report, giving merchants and financial institutions an understanding of the current state of chargebacks and the measures being taken by businesses to help stem the tide of chargeback… Read More

 Tagged chargebacks911, Chargebacks911 Field Report, fraud, monica eaton

October 5, 2024 @ 6:03 pm By Tony Zerucha  |  

Since the onset of the COVID-19 pandemic, businesses and consumers have been made aware of how shipping delays impact their access to everything from electronics to food to medication. Geopolitical events such as the Russian invasion of Ukraine, Houthi shipping attacks and labor disruptions can… Read More

 Tagged 40seas, Gavin Newsom, Gil Shiff, ILA, logistics, shipping