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Atomic Teams Up with OneSource Virtual to Deliver Secure Direct Deposit Management Solution

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Atomic is pleased to announce its partnership with OneSource Virtual (OSV), a collaboration designed to deliver a simplified and secure direct deposit management solution to millions of American workers. This partnership will enable Atomic “to directly connect with OneSource Virtual customers to provide their employees… Read More

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Fintech: Blackstone Acquires Japan’s Sony Payment Services

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Global investment firm Blackstone has announced a significant move in Japan’s financial technology (fintech) sector, with its private equity funds entering into a definitive agreement to acquire a majority stake in Sony Payment Services Inc. for an undisclosed amount. Blackstone will acquire Sony Payment from… Read More

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Switzerland: Leonteq Acquires Stake in Swiss Stock Exchange BX Swiss

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Leonteq AG (SIX: LEON) has reportedly acquired a 10% stake in the Swiss stock exchange BX Swiss. Leonteq thus becomes a shareholder of BX Swiss and “expands its ecosystem with an important player in the Swiss financial market.” With the acquisition of a 10% stake… Read More

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American Express Is Expanding Merchant Protection by Introducing SafeKey EMV 3-D Secure 2.3 Capabilities

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American Express (NYSE: AXP) announced it is expanding Card Member and Merchant protection by launching SafeKey EMV 3-D Secure 2.3 capabilities. American Express is the first network “to upgrade to SafeKey 2.3, underscoring its commitment to providing a secure checkout experience.” Through SafeKey 2.3, American… Read More

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Saudi Arabia: Fintech Savings Platform Hakbah Raises $5.1m in Series A Funding

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Saudi Arabian fintech savings platform Hakbah has successfully raised $5.1 million in a Series A funding round, a substantial boost for the savings platform’s growth and innovation strategies. The round was anchored by venture capital firm VentureSouq and backed by new investors M-Capital and Bunat… Read More

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Tabby, MENA Region’s Digital Commerce and Financial Services App, Secures Up to $700M in Receivables Securitization from JP Morgan

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Tabby, the MENA’s shopping and financial services app, has secured up to $700 million in receivables securitization from J.P. Morgan. The deal represents the largest asset-backed facility “obtained by a fintech company in the MENA region.” In parallel to the securitization financing, Tabby has “extended… Read More

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iCapital, a Fintech Enabling Alternative Investments for Wealth Management Sector, Teams Up with IQ-EQ

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iCapital, a global fintech platform enabling access to alternative investments for the wealth management industry, has partnered with investor services group IQ-EQ to establish a new series of French domiciled funds, which will “increase access for individual investors resident in France to global alternative investment… Read More

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European SME Owners Expect to Generate Substantial Revenue During Holiday Period – Research Report

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With Christmas around the corner, small and medium-sized businesses across the UK are hoping for a much-needed surge in customer spending. Research from iwoca, which claims to be one of Europe’s largest small business lenders, reveals “that more than two in five (44%) SME owners… Read More

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Banks Leading in Tech Deliver Greater Value to Shareholders, Lower Costs and Improve Client Satisfaction – Report

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There is reportedly a strong correlation between a bank’s technology choices and its performance, showing that overall success hinges “on deft use of technology rather than on simply spending more on technology,” according to an update from Bain & Company. Bain & Company analysis finds… Read More

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International Money Transfer Fintech Atlantic Money Uncovers Unnecessary Extra Costs Consumers Pay to Acquire Items

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International money transfer provider, Atlantic Money, has compared purchase prices in various random samples across currencies and borders, “uncovering unnecessary extra costs consumers often unwittingly pay.” Focusing on luxury items to demonstrate the impact, Atlantic Money has reportedly “analyzed the same listings for pound and… Read More

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