401GO, a retirement plan provider for employers, advisors, and individuals, this week announced the completion of its $12 million Series A funding round. Next Frontier Capital led the round, which also included Rally Ventures, Impression Ventures, and Stout Street Capital. The latest capital infusion will fuel… Read More
Tagged 401GO, 401k, Daniel Beck, funding round, Next Frontier Capital, Richard Harjes
The Reserve Bank of India (RBI) released a comprehensive set of Frequently Asked Questions (FAQs) to elucidate its guidelines on Default Loss Guarantee (DLG) in the burgeoning field of digital lending. This release aims to provide detailed clarifications on the operational aspects of DLG, a… Read More
Tagged Default Loss Guarantee, digital lending, online lending, reserve bank of india
Thailand and Australia have entered into a new phase of financial collaboration with the signing of a memorandum of understanding (MoU) on financial technology (fintech) cooperation. The agreement, aimed at bolstering the local fintech industries of both nations, was formalized this week between the Thai… Read More
Tagged australia, fintech australia, Thai Fintech Association, thailand
Users of 14 popular e-wallets from nine countries and regions can now make transactions in Hong Kong using their home applications, facilitated by Alipay+, Ant International announced on Friday. This integration marks the largest single-time introduction of international payment apps into Hong Kong’s offline commercial… Read More
Tagged alipay, Alipay International, Changi Pay, gcash, hong kong, MPay, payments
In the aftermath of recent severe weather conditions the UAE witnessed, global payments solution provider Checkout.com has conducted a comprehensive analysis revealing significant shifts in transaction volumes across various sectors. The data sheds light on the profound impact of adverse weather “on consumer online shopping… Read More
Tagged checkout.com, mena, payments, uae
This week doxo, a Fintech providing bill-paying services, railed against a lawsuit filed by the U.S Federal Trade Commission, saying the complaint “indicates a fundamental misunderstanding of the existing bill-pay market and the structural inefficiencies that work against consumers.” In a release, doxo said the… Read More
Tagged bill paying, Courtland Reichman, doxo, ftc, lawsuit, Steve Shivers
Paystand has acquired Teampay, according to a statement from the company. Details of the transaction were not immediately available. Paystand is a payments platform that claims to be the largest B2B receivables, payables, and payments network running on blockchain. Paystand digitizes receivables and automates processing… Read More
CaixaBank has reportedly become the first Spanish bank to adhere to the Pegasus Guidelines, the first voluntary climate-aligned finance framework for the aviation sector, “designed to help banks independently measure and disclose the emissions intensity and/or climate alignment of their aviation lending portfolios compared to… Read More
Tagged CaixaBank, digital banking, europe, spain, sustainability
Ahead of the anti-greenwashing rule coming into force on 31 May, the UK’s Financial Conduct Authority (FCA) is supporting industry with guidance to help them meet the standard. The new rule is designed to protect consumers “by ensuring sustainable products and services they are sold… Read More
Tagged fca, financial conduct authority, uk, united kingdom
The Federal Trade Commission is taking action against bill payment company Doxo and two of its co-founders, charging that the company allegedly “uses misleading search ads to impersonate consumers’ billers and deceptive design practices to mislead consumers about millions of dollars in junk fees they… Read More
Tagged federal trade commission, ftc, junk fees, payments
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