February 27, 2024 @ 11:59 am By Omar Faridi  |  

The rise of fraud in the United States continues apace, costing a huge $159 billion in one year alone, according to new research released today by Feedzai in partnership with the Global Anti-Scam Alliance (GASA). The 2023 State of Scams report shows “that nearly a… Read More

 Tagged feedzai, fraud, global anti-scam alliance, nuno sebastiao, research

February 27, 2024 @ 9:52 am By Omar Faridi  |  

The cost of acquiring new customers is 5-7X higher than retaining one, particularly in a tight economy. That is why Superlogic is announcing an exclusive opportunity for all American Express merchants to gain access to enterprise-grade loyalty and connected commerce software that will turbocharge customer… Read More

 Tagged american express, interview, lin dai, superlogic

February 27, 2024 @ 9:27 am By JD Alois  |  

Finland-based Enfuce, a card issuer and payment processor, says it has been approved to operate in the UK with an E-money license (EMI). Frequently, Fintechs in the UK will leverage the license to provide more banking services. The company says this is a key moment… Read More

 Tagged Denise Johansson, Enfuce, finland, laurence krieger, Monika Liikamaa, uk, united kingdom, women changing finance

February 27, 2024 @ 9:13 am By JD Alois  |  

ZA Bank, one of the first regulated digital banks in Hong Kong, is now offering US stock trading as part of its platform. The company highlighted the benefits of this new service, including a USD $ 3.88 commission – during a promotional period, real-time quotes… Read More

 Tagged calvin ng, trading, za bank

February 27, 2024 @ 8:05 am By Omar Faridi  |  

iwoca, which claims to be one of Europe’s largest SME lenders, announces a partnership with business account provider Countingup to make business finance available to almost 10,000 of Countingup’s users at the touch of a button. Building on Countingup’s suite of built-in finance, accounting and… Read More

 Tagged europe, harry cranfield, iwoca, rory bocock, smbs, sme's, uk, united kingdom, yusupha fatty

February 27, 2024 @ 8:03 am By Omar Faridi  |  

The partnership between SaveLend Group and NordIX began in June 2022, focusing on consumer credits distributed within Sweden. Initially, NordIX invested about MSEK 50, and this amount “has more than doubled since the partnership began.” Now, the collaboration is set “to grow further, extending to… Read More

 Tagged claus tumbrägel, europe, nordix, peter balod, savelend, savelend group, sweden

February 27, 2024 @ 8:02 am By Omar Faridi  |  

The European Council reportedly adopted a regulation that will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries. The new rules will improve the strategic autonomy of the European economic and financial sector as they will… Read More

 Tagged eea, EU, europe, european council, payments

February 27, 2024 @ 8:00 am By Omar Faridi  |  

Saldo Bank, which is starting its operations in Sweden, offers an interest rate of as much as 5% for a year’s deposit. Jarkko Mäensivu, the CEO of Saldo Bank, said: “We want to increase fairness in fixed-term deposits.” The digital neobank with a Finnish background,… Read More

 Tagged banking, europe, financial services, fintech adoption, neobank, saldo bank, sweden

February 27, 2024 @ 12:01 am By JD Alois  |  

Palatine Growth Credit Fund has reached its first close of £75 million. The Fund will lend to high-growth UK companies in the Fintech sector as well as cyber, SaaS, Medtech/Healthtech, AI, and more. British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank,… Read More

 Tagged british business investments, Palatine Growth Credit Fund, Ryan Sorby, uk, united kingdom, Will Chappel

February 26, 2024 @ 9:56 pm By Tony Zerucha  |  

Accel and Citi Ventures-backed Fintech Xalts, which financial institutions and businesses use to build and manage digital finance applications, this week announced its acquisition of Contour Network, owned by a consortium of global banks, to accelerate digitization in trade and supply chain finance. Contour started in… Read More

 Tagged Abhinav Chaturvedi, Ashutosh Goel, carl wegner, Contour Network, Everett Leonidas, Supreet Kaur, Xalts