June 12, 2024 @ 9:52 pm By Omar Faridi  |  

Stake, the digital platform for real estate investment, announced that they have raised $14 million in a Series A round reportedly led by MEVP (Middle East Venture Partners), along with Aramco’s Wa’ed Ventures, which is said to be one of Saudi Arabia’s largest VC’s, Mubadala… Read More

 Tagged dubai, investment round, real estate, stake

June 12, 2024 @ 7:22 pm By Omar Faridi  |  

Ozone API, the global open banking firm, recently announced a strategic partnership with Tuum, a core banking provider, to enable Tuum’s customers to comply with open banking regulations and commercialize open finance across the globe. The partnership represents a significant milestone “for both companies, combining… Read More

 Tagged banking, open banking, ozone api, tuum

June 12, 2024 @ 7:21 pm By Omar Faridi  |  

In 2023—as economies fully reopened and travel resumed—Grab (NASDAQ: GRAB) says that its mobility business rebounded and their deliveries business showed remarkable resilience amidst rising inflation. Grab claims that they grew their user base. As of December 2023, 35.5 million people leverage their platform “to… Read More

 Tagged digital payments, grab, payments, southeast asia

June 12, 2024 @ 6:04 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the world’s largest digital banking platforms outside of Asia, and Chubb, a global enabler of insurance, announced that they have reached a significant milestone of 2 million active insurance policies in Brazil. Contributing to the success… Read More

 Tagged banking, chubb, digital bank, nubank

June 12, 2024 @ 6:03 pm By Omar Faridi  |  

XTransfer, the B2B cross-border trade payment platform, and Banking Circle, the tech-driven payments bank, have entered into a partnership. This collaboration aims to reduce “the cost and processing time of cross-border payments for XTransfer’s clients, particularly benefiting Chinese suppliers with significant markets in Europe and… Read More

 Tagged b2b, banking circle, payments, xtransfer

June 12, 2024 @ 10:50 am By JD Alois  |  

Pagaya Technologies (NASDAQ: PGY) says it is joining the Mastercard Engage program. The program seeks to connect qualified Fintechs to banks, merchants, and more to help them accelerate product innovation through access to the company’s global network. As part of the program, Pagaya’s AI network… Read More

 Tagged mastercard, pagaya

June 12, 2024 @ 8:23 am By Omar Faridi  |  

The KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, pointed to another reduction in permanent placements made by UK recruitment consultants in May. Delayed decision making and a lack of demand “amongst companies were reported to have weighed on recruitment activity.”… Read More

 Tagged employment, research, uk, united kingdom

June 12, 2024 @ 8:21 am By Omar Faridi  |  

Mastercard (NYSE: MA) announced its vision for 100% e-commerce tokenization in Europe by the end of the decade. This supports a global commitment to “phase out manual card entry and make e-commerce safer and more accessible for everyone.” As payments become more intricate, Mastercard is… Read More

 Tagged e-commerce, europe, mastercard, tokenization

June 12, 2024 @ 8:18 am By Omar Faridi  |  

Starling Group has released consolidated results for Starling Bank, Engine by Starling, and Fleet Mortgages for the year ending 31 March 2024. The results show a third year of profitability for Starling Group, “driven by strong growth in revenue, deposits, active customers and customer transactions…. Read More

 Tagged banking, digital bank, starling, starling bank, uk, united kingdom

June 12, 2024 @ 4:11 am By Omar Faridi  |  

Genesis Global announced bold new initiatives to make it easier and faster for financial markets firms to address their most pressing, strategic and innovative software opportunities with the Genesis Application Platform. Facilitated by Version 8 of the Genesis platform (G8), released recently, the new initiatives… Read More

 Tagged financial markets, financial services, genesis global, software