Fintech Firm Airwallex Engages Middle Eastern Wealth Funds for Expansion

Global Fintech platform Airwallex is in discussions with several Middle Eastern sovereign wealth funds as it seeks to raise capital for regional expansion, according to CEO Jack Zhang. The Melbourne-based startup has engaged with Abu Dhabi Investment Authority, Mubadala Investment Co, and Saudi Arabia’s Public… Read More

Nordic Blockchain Association Welcomes Taurus to Expand Digital Asset Adoption Among Financial Institutions

Taurus SA is pleased to announce its new membership with the Nordic Blockchain Association (NBA), a non-profit organization dedicated to the advancement of blockchain technology in the Nordic countries. This partnership highlights Taurus‘ commitment “to supporting digital assets growth with traditional financial institutions in the… Read More

Validata Announces Extension of Tech Partnership with Temenos

Validata announces the extension of their long-standing global, technology partnership agreement with Temenos and has extended its integration with Temenos core banking to provide banks and Electronic Money Institutions (EMIs) with “a cost-effective solution for Cash and Nostro reconciliation including payments investigations and case management,… Read More

Fintech Pomelo and Thunes to Enhance Cross-Border Finance with Credit-based Digital Wallet Solution

Thunes, a global money movement innovator, has joined forces with Pomelo, a credit-powered remittance company and credit card issuer, to introduce a groundbreaking international money transfer solution from the United States to the Philippines. This strategic partnership transforms the way remittances “are handled via Thunes’… Read More

Corpay Announces Acquisition of Paymerang to Boost Payment Solutions

Corpay, a corporate payments company based in Atlanta, California, has announced its intention to acquire Paymerang, a player in accounts payable automation solutions located in Richmond, Virginia. Although the financial details of the acquisition were not disclosed, the transaction is anticipated to close in the… Read More

Visa Introduces Generative AI Enhanced Fraud Solution to Combat Account Attacks, Threat Actors

Threat actors are leveraging sophisticated technologies, like automated scripts and botnets, to amplify their card testing attacks, “allowing them to exploit vulnerabilities at an unprecedented scale and speed.” This, according to an update from Visa (NYSE:V). These attacks, known as enumeration attacks, “inflict operational expenses… Read More

CashFlow Central from Fintech Fiserv Used By WaFd Bank to Streamline Payments for SMBs

Fiserv, Inc. (NYSE: FI), a global provider of payments and financial technology, announced that WaFd Bank has selected CashFlow Central from Fiserv to enhance its robust small business banking offerings. WaFd Bank small business customers will be “able to access a full range of capabilities… Read More

Malware Impacting Mobile Banking Apps Continues to Pose Significant Risks to Consumers – Report

Kaspersky has released its annual Financial Threats Report for 2023, offering a detailed analysis of the evolving financial cyber threat landscape. The report reveals significant “increases in mobile banking malware and cryptocurrency-related phishing, signaling growing threats to digital financial assets.” 2023 witnessed a substantial rise… Read More

Gen Z Consumers Are Tapping into Credit at Higher Levels than Millennials Have Done, Report Claims

Gen Z consumers are tapping into credit at higher levels than their Millennial counterparts did in the early stages of adulthood (ages 22-24). TransUnion (NYSE: TRU) released these findings at the company’s 2024 Financial Services Summit. The new TransUnion study, Solving for Z, “explored credit… Read More

Latin America: Brazil’s Nubank Reports Surpassing 100 Million Customers

Nubank (NYSE: NU) announced that it has surpassed 100 million customers in Brazil, Mexico, and Colombia, making it the first digital banking platform to reach this milestone outside of Asia. The achievement reportedly comes on “the heels of record 2023 financial results, with over US$1… Read More

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