OG Bank and OG Pay Team Up with Banking as a Service Provider, Bankable, to Offer Digital Banking in the UK and Germany by Omar Faridi

Bill and Melinda Gates Foundation-backed Catalyst Fund Launches $15 Million Commitment from J.P. Morgan, UK Aid

Although the overall progress on reducing poverty has been steady during the past few decades, about half or 50% of the global population still has to live on less than $6 per day. Catalyst Fund is a newly established VC fund with a goal to… Read More

Swiss Banking App Neon Eliminates Extra Fees For Card Payments Abroad

Neon, a Switzerland-based mobile banking app, announced on Monday it is eliminating extra fees for card payments abroad. The company revealed the exciting news by stating the following: “To pay so much in fees while abroad is just not ok anymore. Card payments and cash… Read More

Wealthtech: Singapore-based Kristal.AI, a Wealth Management Firm, Secures $6 Million via Series A Round

Kristal.AI, a Singapore-headquartered digital wealth management firm, has secured $6 million in capital via a Series A round, which was led by Chiratae Ventures (previously known as IDG Ventures). The Desai Family Office and several others including high-net-worth-individuals (HNWIs) also took part in the round…. Read More

FIS Opens Applications For 2020 Fintech Accelerator Program

Fintech

FIS (NYSE: FIS), a financial services technology firm, announced on Tuesday it has opened applications for the 2020 FIS Fintech Accelerator. According to FIS, the FIS Fintech Accelerator program is conducted in collaboration with the State of Arkansas and Little Rock-based The Venture Center. It… Read More

U.S. & Lagos Fintech Startup Flutterwave Secures $35 Million Through Series B Funding Round & Announces New Partnership With WorldPay For Payments in Africa

Flutterwave, a U.S. and Lagos-based fintech that’s on a mission to build payments infrastructures to connect Africa to the global economy, has reportedly secured $35 million through its Series B funding round. Along with the investment announcement, the company revealed it is now teaming up… Read More

MoneyGram Announces New Partnership With Non-Banking Finance Group LuLu Money

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Tuesday it has formed a new partnership with LuLu Money, a non-banking finance group that specializes primarily in foreign exchange and global money transfers.  MoneyGram reported that through the partnership LuLu Money will utilize the MoneyGram… Read More

TD Bank’s Latest Survey Reveals Finance Professionals Are Split on Potential Economic Recession

U.S. banking group TD Bank announced on Tuesday its recent survey revealed that half of corporate treasury and finance professionals do not believe an economic recession is a threat in 2020. According to the survey, payments fraud and cyber security risk are high on the… Read More

UK-based FTMarkets, a Foreign Exchange, Launches Platform in Vietnam

UK-headquartered FTMarkets, a foreign exchange established in 2005, recently introduced its trading platform in Vietnam, allowing the residents of the Asian nation to download applications and perform foreign exchange transactions. FTMarkets provides investors MT4 and APP platforms for conducting trades and it doesn’t charge clients… Read More

Belgium-based Financial Services Firm KBC Launches Bot-based Assistant Matti for Investment Management

Belgium-based financial services firm KBC has reportedly introduced a digital investment account operated entirely by a bot-based assistant, called Matti. The new online investment account is available to KBC customers and non-customers with a €1000 (appr. $1,110) minimum investment requirement. Matti was developed by the… Read More

dLocal Partners With Amazon For Local Payments Acceptance Services in Chile

dLocal, a fintech company specializing in facilitating cross-border payments for global e-commerce merchants in emerging markets, announced on Tuesday Amazon has gone live with the dLocal local payments acceptance services in Chile. dLocal claims that the solution enables some of the world’s most innovative companies… Read More

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