July 13, 2024 @ 12:18 am By Omar Faridi  |  

Outpayce has obtained its eMoney institution (EMI) license from the Bank of Spain in April 2024. On Mambu’s cloud-native core, the newly minted eMoney entity will be able to launch its new self-issuing solution. Outpayce, an eMoney institution with a license in Spain, has “selected… Read More

 Tagged bank of spain, emi license, mambu, outpayce

July 12, 2024 @ 5:26 pm By Omar Faridi  |  

Billtrust, a firm focused on the B2B order-to-cash and digital payments market, announced that it has extended its collaboration with Visa (NYSE: V), an enabler of digital payments, to support its Business Payments Network (BPN). Visa will continue to offer BPN access to its financial… Read More

 Tagged b2b, billtrust, digital payments, visa

July 12, 2024 @ 5:22 pm By Omar Faridi  |  

insightsoftware, the provider of solutions for the Office of the CFO, announced it acquired LeaseAccelerator, a provider of automated solutions for lease accounting, real estate lease administration, competitive lease sourcing, and lease lifecycle management. The acquisition extends insightsoftware’s market reach in the U.S. and “enhances… Read More

 Tagged acquisition, insightsoftware, leaseaccelerator

July 12, 2024 @ 5:21 pm By Omar Faridi  |  

Nubank (NYSE: NU) customers across Brazil now have access to a new alternative for fuel payment transactions. Users of the Shell Box app, Shell’s platform for experiences, “can now enjoy the convenience of paying for their fuel using NuPay, an online payment method for Nubank… Read More

 Tagged brazil, digital banking, latin america, nubank, payments

July 12, 2024 @ 10:03 am By Omar Faridi  |  

Sygnum, a global digital asset banking group, announces the launch of Sygnum Connect, its 24/7 multi-asset instant settlement network. The network settles fiat, digital assets and stablecoin transactions “for institutional investors, liquidity providers, stablecoin issuers, brokers and selected exchanges.” Sygnum Connect fills the current industry… Read More

 Tagged banking, digital assets, settlement, switzerland, sygnum

July 12, 2024 @ 9:59 am By Omar Faridi  |  

Metro Bank has recently announced that it launched its first Limited Company Buy-to-Let product as part of its continued focus on becoming a leading specialist lender. Owning a property through a Limited Company structure “can be more tax efficient than owning the same property on… Read More

 Tagged buy-to-let, lending, metro bank, uk, united kingdom

July 12, 2024 @ 5:27 am By Omar Faridi  |  

Pakistan based Fintech firm Sadapay has reportedly laid off around 30% of its employees, which includes sevearl C-suite execs, according to an update shared by local sources. Sadapay claims that the layoffs were made due to cost-cutting measures and the decision was announced during a… Read More

 Tagged fintech adoption, layoffs, pakistan, sadapay

July 11, 2024 @ 10:01 am By JD Alois  |  

The new Labour government is expected to “embrace” the UK Fintech industry. The UK has long been a top global financial services sector, and support of Fintech is key to growth and ongoing relevance. According to a report in CityAM, the new Chancellor of the… Read More

 Tagged concryt, hm treasury, innovate finance, janine hurt, perspective, Rachel Reeves, Ryta Zasiekina, uk, united kingdom

July 11, 2024 @ 8:31 am By Omar Faridi  |  

Data generated by Pitchbook and posted by Innovate Finance, a UK-based group that supports the Fintech community, highlights global Fintech funding trends in the first half of 2024. The data includes both equity and debt funding raises. Fintech has been a significant success story “for… Read More

 Tagged data, fintech, innovate finance, investments, janine hirt, uk, united kingdom

July 11, 2024 @ 8:17 am By Omar Faridi  |  

46% of Gen Zers (ages 18-27) rely on financial assistance from parents and family, according to new research from Bank of America’s (NYSE: BAC) Better Money Habits financial education team. In addition, 52% of those surveyed said “they don’t make enough money to live the… Read More

 Tagged bank of america, financial education, gen z, research