General News

October 9, 2020 @ 8:06 am By Samantha Hurst  |  

Digital bank Revolut has formed a new partnership with Fireblocks, a platform for securing digital assets, to securely expand its cryptocurrency services to 13 million global retail users. Revolute will be using Fireblocks’ MPC-based wallet and network infrastructure to support the introduction of services. “As… Read More

October 8, 2020 @ 10:11 pm By Omar Faridi  |  

India-based Infibeam Avenues, an established online payment solutions and enterprise software developer, has agreed to a new deal that involves licensing its digital commerce and payment software to Jio Platforms, a local digital services firm and a subsidiary of Reliance Industries Ltd. (according to a… Read More

October 8, 2020 @ 3:31 pm By Samantha Hurst  |  

  Ripple, a provider of enterprise blockchain solutions for payments, announced on Thursday the launched Line of Credit, a new beta service on RippleNet that allows customers using On-Demand Liquidity (ODL) to source capital on-demand to initiate cross-border payments at scale using the digital asset XRP…. Read More

October 8, 2020 @ 8:20 am By Samantha Hurst  |  

U.S.-based online lending platform VIVA Finance announced on Thursday it secured $2.3 million through its latest seed funding round, which was ledgy Acumen Fund. The company’s total amount raised is now up to $3.5 million. Formed in 2019, VIVA describes itself as an online lending… Read More

October 7, 2020 @ 4:57 pm By Omar Faridi  |  

NAGA Group (XETRA: N4G), a Germany-based social trading-focused brokerage firm, reported its financial results on October 5, 2020, for Q3 2020. The NAGA Group claims that it generated record sales and trading volume. The company’s sales volume reportedly increased by 506% year-on-year to €7.1 million… Read More

October 7, 2020 @ 3:38 pm By Samantha Hurst  |  

Alkami Technology, Inc. (Alkami), a cloud-based digital banking solutions provider for banks and credit unions, announced on Tuesday it has acquired fraud prevention provider, ACH Alert. Alkami reported that the acquisition extends its omnichannel platform to include enhanced fraud prevention and secure money movement functionality…. Read More

October 7, 2020 @ 2:09 pm By Samantha Hurst  |  

  Bank of America announced earlier this week the launch of Life Plan, a new digital experience through which clients can set and track near- and long-term goals based on their life priorities, and better understand and act on steps toward achieving them. Available within… Read More

October 7, 2020 @ 10:08 am By JD Alois  |  

The  British Business Bank has issued a response to a review by the National Audit Office Investigation into the Bounce Back Loan Scheme (BBLS).  The British Business Bank notes that the report highlights that the Bounce Back Loan scheme has succeeded in quickly supporting smaller… Read More

October 7, 2020 @ 9:26 am By Samantha Hurst  |  

Qori Capital, a financial management company that ran the largest fund in Peru, recently announced it has applied to become an affiliate member of DeFi Money Market (DMM), the decentralized protocol and ecosystem that brings earned interest back into the global monetary system. Qori reported… Read More

October 6, 2020 @ 10:15 pm By Omar Faridi  |  

The NExt ApplicationS of Quantum Computing (NEASQC) initiative aims to bring together a multidisciplinary consortium of academic and tech industry professionals focused on quantum computing, high-performance computing, artificial intelligence (AI), energy management, and various other sectors. As mentioned in a release: “NEASQC aims to demonstrate… Read More

October 6, 2020 @ 2:43 pm By Samantha Hurst  |  

  U.S.-based B2B fintech Tipalti announced on Tuesday it secured $150 million through its Series E funding round, which was led by Durable Capital Partners with participation from Greenoaks Capital and participation from current investor 01 Advisors. The investment round reportedly brought the company’s valuation to… Read More

October 6, 2020 @ 2:35 pm By Samantha Hurst  |  

P27 Nordic Payments Platform announced on Tuesday it has acquired Bankkgirot, a Sweden-Based clearing house for mass payments. According to P27, Bankgirot has a “central role” in the Swedish payment system and handles transactions of a total value of approximately SEK 73 billion per day…. Read More

October 6, 2020 @ 10:43 am By Omar Faridi  |  

Stephen Murphy, CEO at Genesis, a leading Low Code Application Platform (LCAP) and solution provider for the financial markets, has confirmed that his company has received a “strategic” investment from Citi (NYSE:C). The capital will be used to accelerate the growth of the company’s operations… Read More

October 6, 2020 @ 10:38 am By Samantha Hurst  |  

  Payment processing platform Klarna announced on Tuesday it has formed a five-year partnership with the American department store, Macy’s. Through the collaboration, Macy’s will offer customers the ability to pay in four equal, interest-free installments at online checkout as part of enhanced shopping experience. “Within… Read More

October 6, 2020 @ 9:53 am By Samantha Hurst  |  

Lemonway, the pan-European payment solution for online marketplaces, announced on Tuesday it has joined forces with Ripple, an enterprise blockchain solution for global payments, to enable instant, more transparent, as well as cost-effective, European transactions. Lemonway reported that through the partnership, it will use the RippleNet… Read More

October 5, 2020 @ 10:53 pm By Omar Faridi  |  

Chinese e-commerce giant Alibaba Group’s (NYSE:BABA) cloud services business may now be on track to generate profits as it continues to receive support from China’s evolving digital economy. Last year, Alibaba Cloud had been ranked as the third-largest infrastructure-as-a-service provider, which is right behind Amazon… Read More

October 5, 2020 @ 3:51 pm By Samantha Hurst  |  

Wells Fargo announced on Monday the launch of its new payment tracker. According to Wells Fargo, the payment tracker is a single status, secure, web-based solution for tracking global payments. Wells Fargo revealed that the payment tracker is a free tool that leverages Wells Fargo’s… Read More

October 5, 2020 @ 2:46 pm By Samantha Hurst  |  

  Pan-European banking service Monese announced on Monday it will adopt Thought Machine’s cloud-native core banking platform, Vault. Monese reported it will migrate its existing customer base onto the Vault platform, as it focuses on strengthening the company’s core technology platform and its banking infrastructure…. Read More

October 5, 2020 @ 1:31 pm By Samantha Hurst  |  

Refinitiv, a provider of financial markets data and infrastructure that has served more than 40,000 institutions in over 190 countries, announced on Monday it has officially acquired global integrity and compliance risk firm, The Red Flag Group. Refinitive reported that the acquisition is to help… Read More

October 5, 2020 @ 11:09 am By Samantha Hurst  |  

Venmo announced on Monday the launch of its first-ever credit card. The new card, which is issued by Synchrony (NYSE: SYF) and powered by the Visa network, gives customers automatic cash back on every eligible purchase, a personalized rewards experience, and the ability to manage the… Read More