Iress Finalizes Sale of UK Mortgage Business to Bain Capital Tech Opportunities LP

Iress (IRE: ASX) has announces it has completed the sale of its UK Mortgage Sales & Originations business to Bain Capital Tech Opportunities LP. As announced on 15 March 2024, Bain has “purchased the UK Mortgages business for a total cash consideration of £85m ($A167m)… Read More

Majority of Consumers in Canada Alter Payment Habits Due to Fraud Concerns – Research Study

More than one in 10 Canadians have experienced payment fraud in the past six months, indicating similar year-over-year patterns (13 per cent in 2024 compared to 14 per cent in 2023), according to a new study from Payments Canada. For many Canadians, concern around fraud… Read More

Latin America: Nubank Is Streamlining How Brazilians Interact with Government’s Digital Services

Nubank (NYSE: NU), which claims to be one of the world’s largest digital banking platforms outside Asia, is helping to streamline the way Brazilians interact with the government’s digital services. Since the partnership began in May, over 3.2 million Nubank customers “have obtained a silver… Read More

Alpaca Extends Partnership with Citadel Securities to Support Japanese Investor Demand for US Stocks

Alpaca, an API-focused brokerage that operates a modern infrastructure for stocks, ETFs, options, and crypto trading and serves hundreds of financial services businesses globally, and Citadel Securities, a global market maker, announced an extension of their strategic partnership in Japan to jointly leverage their expertise… Read More

Philippines: Central Bank Amends Guidelines to Enhance Digital Payment Settlement

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines has revised guidelines to bolster the settlement of digital payments, ensuring the integrity and efficiency of the country’s payment system. This move aims to adapt to evolving payment landscapes and enhance the operational… Read More

Fintech Emburse and Finexio to Streamline B2B Payments

Emburse, whose innovative travel and expense solutions power various organizations, has announced a strategic relationship with Finexio, the Accounts Payable (AP) Payments as a Service company. The partnership offers Emburse customers a solution “to long-standing AP challenges in the $125+ trillion B2B payments market.” Finexio’s… Read More

India to Strike Off 400 Chinese Companies Amid Financial Fraud Allegations

The Ministry of Corporate Affairs (MCA) in India is set to strike off as many as 400 Chinese companies involved in online loans and online job businesses across 17 states over the next three months, according to a report by Moneycontrol, citing an anonymous government… Read More

Pagaya Agrees to Acquire Theorem Technology

Pagaya Technologies (NASDAQ: PGY) says it has inked a deal to acquire Theorem Technology. Pagaya is a credit qualification platform that uses alternative methods and artificial intelligence to provide its service. Its methodologies are said to convert around 30% more customers than traditional methods. Theorem… Read More

Association for Financial Markets in Europe (AFME) Releases Report Focused on Development of Capital Markets

The Association for Financial Markets in Europe (AFME) released a report titled “Digital Finance in the EU – Priorities for fostering resilient, innovative and competitive financial markets”, presenting its recommendations for supporting the development of capital markets and increased access to finance for the real… Read More

Vention Study Ranks Top Mobile Banking States for 2024

Florida is the top state for mobile banking, a new study from software company Vention finds. The study utilized Google Keyword Planner to analyze the nationwide Google search volume behind various keywords related to mobile banking—including “mobile banking,” “mobile banking app,” and “best mobile banking… Read More

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