November 16, 2019 @ 12:44 pm By Omar Faridi  |  

A Nestle grocery store based in Spain has introduced a facial recognition payment system designed by CaixaBank and the institution’s Payment Innovation Hub alliance. Samsung, Global Payments, Visa, and Arval are members of the alliance. Nestle’s Face to Pay Market application can be downloaded from… Read More

 Tagged Arval, barcelona, caixa bank, Facial Recognition, global payments, Nestlé, samsung, spain, valencia, visa

November 16, 2019 @ 11:14 am By Omar Faridi  |  

Payment software firm Bill.com is planning to raise $100 million through an initial public offering (IPO), according to a recent filing with the US Securities and Exchange Commission (SEC). Established in 2006 by PayCycle co-founder René Lacerte, Bill.com provides cloud-based business payments and offers a… Read More

 Tagged bill.com, goldman sachs, initial public offering, ipo, payments, sec, securities and exchange commission

November 16, 2019 @ 9:09 am By Omar Faridi  |  

Brian Kerr, co-founder and CEO at San Francisco-based Kava Labs, a venture-backed firm working on improving payments systems by leveraging blockchain technology, recently shared his views and insights with Crowdfund Insider. Kerr, a business administration and marketing graduate from San Francisco State University,  explained how… Read More

 Tagged Brian Kerr, collateralized loans, DeFi, digital assets, Kava Labs, p2p lending, peer-to-peer lending

November 16, 2019 @ 8:34 am By Omar Faridi  |  

Pakistan’s leading energy company, Byco Petroleum Pakistan Ltd, has teamed up with Bank Alfalah, one of the nation’s largest financial institutions, in order to introduce digital payments across Byco’s nationwide network of retail locations. Bank Alfalah has supported the OneQR concept. The bank will now… Read More

 Tagged Bank Alfalah, Byco Petroleum, digital payments, Fayaz Ahmad Khan, online payments, pakistan, Yahya Khan

November 15, 2019 @ 2:26 pm By JD Alois  |  

Nesta, in partnership with Open Banking Limited (OBL), has announced the Open Up 2020 Challenge finalists. According to Nesta, the 15 finalists were selected out of 107 entries. Many of these Fintechs are live and in the market already. This group of Fintechs will compete… Read More

 Tagged canopy, chris gorst, cleo, creditspring, currensea, imran gulamhuseinwala, kalgera, mojo mortgages, moneybox, moneyhub, nesta, obl, open banking limited, open up challenge, plum, sustainably, toucan, tully, uk, united kingdom, updraft, Wagestream

November 15, 2019 @ 1:24 pm By Omar Faridi  |  

London-based Standard Chartered, a multinational banking and financial services company with $688 billion in assets, has teamed up with Quantexa, a contextual decision intelligence software developer, in order to enhance the bank’s anti-financial crime efforts. Quantexa’s management says the company will support Standard Chartered’s financial… Read More

 Tagged aml, kyc, Praveen Jain, Quantexa, standard chartered, vishal marria

November 15, 2019 @ 4:31 am By JD Alois  |  

Cashwagon, a Fintech company, offering a range of consumer financial products to underbanked populations, has been recognized at the International Business Magazine Awards in Sri Lanka.  Cashwagon Sri Lanka received the Fastest Growing Fintech Company Award. Cashwagon has previously raised US$29 million in Seed Round… Read More

 Tagged cashwagon, sri lanka

November 14, 2019 @ 11:43 pm By Omar Faridi  |  

The State Bank of Pakistan, the nation’s central bank, has announced the development of a new national digital payment systems strategy that is aimed at promoting financial inclusion, especially for women. Cash transactions dominate Pakistan’s $300+ billion economy, with most people receiving their salaries in… Read More

 Tagged banking, David Malpass, digital banking, financial inclusion, pakistan, payments, Reza Baqir, State Bank of Pakistan, world bank

November 14, 2019 @ 10:02 pm By Omar Faridi  |  

The Bank of Georgia has introduced an artificial intelligence (AI)-enhanced retail banking platform, called mBank, in order to offer its clients an improved, innovative, and personalized online banking experience. mBank is a newly developed “smart’ personal finance management (PFM) software platform. It has been created… Read More

 Tagged Bank of Georgia, banking, digital banking, erik brieva, mbank, online banking

November 14, 2019 @ 1:51 pm By Omar Faridi  |  

Plum, an artificial intelligence (AI)-enhanced smart savings application, has raised around $3 million via its second investment round, bringing the company’s total funds raised to approximately $9.3 million. Plum recently introduced its new Android app, which extends the firm’s digital offering across Facebook Messenger and… Read More

 Tagged ai, artificial intelligence, christian faes, ebrd, fundraiser, investment round, lendinvest, nesta, plum, Savings App, Smart Savings, uk, united kingdom, victor trokoudes