June 21, 2024 @ 12:32 pm By Omar Faridi  |  

OpenWealth, the CaixaBank subsidiary dedicated to providing independent wealth advisory services for large clients, surpassed €7.3 billion in assets under supervision at the end of April 2024, reportedly making it “not only the largest wealth advisory firm for Ultra High Net Worth clients, but also… Read More

 Tagged CaixaBank, europe, hnwi, openwealth

June 21, 2024 @ 12:26 pm By Omar Faridi  |  

Consumers are spending twice as much when they use their credit cards for interest-free installments compared to traditional Buy Now, Pay Later (BNPL) plans, according to new first-party research shared by Splitit (ASX:SPT). The report, Merchants’ Evolving Perspective On the Value of Card-Linked Pay Later… Read More

 Tagged bnpl, buy now pay later, credit cards

June 21, 2024 @ 9:30 am By Omar Faridi  |  

Investments into the e-commerce enablement ecosystem contracted in Q1, producing $1.7 billion across 83 deals, marking decreases of 52.2% and 26.5%, respectively, relative to Q4 seasonal increases. This, according to a report from PitchBook. PitchBook further noted that Q1 2024 approached parity “with Q3 2023,… Read More

 Tagged digital commerce, digital financial services, e-commerce, research

June 21, 2024 @ 7:15 am By Omar Faridi  |  

Mastercard (NYSE: MA) has provided an update on its efforts related to scaling open banking to unlock Fintech innovation and enabling choice. The company states that Mastercard Start Path is supporting nine startups across open banking and embedded finance. Mastercard is introducing nine Fintechs “to… Read More

 Tagged mastercard, open banking, startups

June 21, 2024 @ 7:12 am By Omar Faridi  |  

The UK is experiencing a massive increase in mobile fraud. Consumers, businesses, and government agencies are alarmed and pondering their next steps as they prepare to deal with several emerging trends that have surfaced in 2024. This, according to an update from Prove. Influenced by… Read More

 Tagged fraud, mobile fraud, prove, research, uk, united kingdom

June 21, 2024 @ 7:10 am By Omar Faridi  |  

Digital bank Revolut is reportedly looking to become the most valuable startup in Europe with a target valuation of around $40 billion. This according to a report from the FT. Sources that claim to be familiar with these plans reportedly told the FT that Revolut… Read More

 Tagged banking, digital bank, europe, revolut, uk, united kingdom

June 20, 2024 @ 7:32 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, today announced its partnership with MECCA, Australia’s largest prestige beauty retailer. To cater to its fast-growing customer base in-store and online, MECCA has chosen Adyen to streamline payments, “amplify customer… Read More

 Tagged adyen, mecca, payments

June 20, 2024 @ 2:02 pm By Michael Wong  |  

Xcelerate Pte Ltd, a global Environmental, Social, Governance, Risk, and Compliance (ESGRC) platform, has announced the acquisition of a strategic equity stake in Gieom Business Solutions, a financial service compliance provider. The deal, which was carried out through a combination of primary and secondary investments, aims… Read More

 Tagged esg, financial regulation, regtech, Xcelerate

June 20, 2024 @ 1:05 pm By Omar Faridi  |  

DailyPay, a worktech company, announced that its industry-leading earned wage access solution that supports the financial wellness of millions of workers nationwide has received Level 2 Certification based on the security requirements of the Texas Risk and Authorization Management Program (TX-RAMP). As part of the… Read More

 Tagged dailypay, ewa

June 20, 2024 @ 11:56 am By Michael Wong  |  

Celcoin, a player in the Banking-as-a-Service (BaaS) financial technology market in Brazil, has announced raising $125 million in its latest funding round led by global growth equity investor Summit Partners. The funding aims to bolster Celcoin’s expansion plans and reinforce its commitment to providing financial… Read More

 Tagged banking, banking as a service, brazil, Celcoin, fintech