General News

July 30, 2020 @ 9:22 am By JD Alois  |  

The Bank of England has announced that Accenture has been appointed as the “Technology Delivery Partner for the Real Time Gross Settlement (RTGS) service Renewal Programme.” RTGS is where financial institutions hold their sterling bank accounts. The Bank of England will work with Accenture to… Read More

July 29, 2020 @ 2:18 pm By Samantha Hurst  |  

SaaS fintech infrastructure development company Alchemy Technologies has formed a new partnership with payment and funding solution LoanPaymentPro to provide lenders and finance companies to provide multiple consumer-facing fund disbursement and payment products, as well as channels, which includes debit card validation, real-time push-to-card funding,… Read More

July 29, 2020 @ 12:45 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 Wednesday it has acquired strategic assets from wealth management cloud platforms provider Advisor Software Inc. (ASI). Refinitiv reported that the acquisition adds key… Read More

July 29, 2020 @ 10:16 am By Samantha Hurst  |  

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, has formed a partnership with global identity verification provider, Onfido, to speed up, simplify, and unify its Digital Identity and Know Your Customer (KYC) processes. “By integrating… Read More

July 29, 2020 @ 9:59 am By Samantha Hurst  |  

Remitly, a U.S.-based online money transfer service, announced on Wednesday it secured $85 million through its latest investment round, which was led by Prosus’s PayU, at a $1.5 billion valuation. Generation Investment Management, Owl Rock Capital, Stripes, DN Capital, Top Tier, Princeville Global, and Threshold… Read More

July 29, 2020 @ 9:14 am By Samantha Hurst  |  

Niyo, India-based neo banking startup, announced on Wednesday it has acquired Goalwise, a wealthtech platform. Niyo reported that the acquisition is in line with its goal of building a comprehensive product suite for its users. “Apart from the DIY zero percent commission mutual fund product… Read More

July 29, 2020 @ 9:04 am By Samantha Hurst  |  

Button, a mobile commerce technology company, recently announced it has joined forces with Bits of Stock, the brand loyalty and investment app, to enable its users to discover in-app brand offers, shop, and earn fractional shares of stock. Button reported that through the integration, Bits… Read More

July 29, 2020 @ 7:46 am By Samantha Hurst  |  

Global payments provider Paysafe announced on Tuesday its latest research shows that subscription-based payments are set for significant growth, with 27% of consumers globally expect the number of subscription payments they make to increase over the next 12 months. According to Paysafe, The research surveyed… Read More

July 28, 2020 @ 3:32 pm By Samantha Hurst  |  

Mastercard (NYSE: MA) announced on Tuesday has teamed up with Microsoft (Nasdaq: MSFT) for digital commerce innovation push. According to the duo, this new collaboration will accelerate Mastercard Labs’ native research and development activities, as well as Azure and AI, to advance Mastercard Labs’ mission… Read More

July 28, 2020 @ 2:07 pm By Samantha Hurst  |  

Deutsche Bank announced on Monday it will enable global fintech Airwallex to provide virtual account collections and API-enabled foreign exchange services in Japan and Hong Kong. According to Deutsche Bank, the solution will further allow Airwallex to seamlessly process and convert cross-border payments made to… Read More

July 28, 2020 @ 1:15 pm By Samantha Hurst  |  

UK-based challenger bank Tide has teamed up with UK fintech DueDil to further improve its account opening experience. The partnership will reportedly see Tide using DueDil’s company intelligence platform, providing insights on over 50 million companies worldwide, to speed up mandatory Know Your Customer (KYC)… Read More

July 28, 2020 @ 10:38 am By Samantha Hurst  |  

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, has appointed former PayPal executive, Scott Weller, as its first CFO.  According to AltFi, Weller has worked across the U.S., Asia, and Europe. He also was previously… Read More

July 28, 2020 @ 10:02 am By Samantha Hurst  |  

Alibaba Hong Kong Entrepreneurs Fund announced on Tuesday it has kicked off its annual signature startup event, JUMPSTARTER 2021 Global Pitch Competition, with an online focus to ensure safe participation for all contestants during the COVID-19 pandemic.  JUMPSTARTER 2021 is now open for applications, with… Read More

July 28, 2020 @ 8:17 am By Samantha Hurst  |  

Just days after announcing its partnership with Shopify, U.S. fintech Affirm announced it has formed a partnership with Design Within Reach to allow shoppers to pay-over-time for modern furniture and decor. The partnership notably extends across all the Design Within Reach, Herman Miller, and HAY… Read More

July 27, 2020 @ 2:26 pm By Samantha Hurst  |  

Bitcoin Suisse announced on Friday it secured CHF 45 million through its Series A funding round, which was led by Roger Studer, a Swiss Banker and former Head of Vontobel Investment Bank (SIX:VONN), and the Studer Family Office. As previously reported, Bitcoin Suisse is an early… Read More

July 27, 2020 @ 1:03 pm By Samantha Hurst  |  

battleface, a UK-based insurtech, recently announced the launch of its COVID-19 travel insurance package. battleface reported that the new policy will give travelers the peace of mind they have been looking for to venture out safely, including to countries currently advised against traveling to by… Read More

July 27, 2020 @ 12:53 pm By Samantha Hurst  |  

Global payments provider Paysafe announced on Monday it has acquired Openbucks, a payment gateway that allows online merchants to accept retail gift cards as an alternative form of payment to credit cards.  Founded in 2011, Openbucks notably enables U.S. consumers who do not have access… Read More

July 27, 2020 @ 12:16 pm By Samantha Hurst  |  

  U.S.-based cryptocurrency exchange PayBito announced on Monday it has officially expanded its cryptocurrency listing. The platform reported that after adding several prominent digital assets, including utility coins to the trading platform, it is in the process of adding more altcoins by next quarter. “PayBito… Read More

July 27, 2020 @ 9:17 am By Samantha Hurst  |  

European fintech Viva Wallet announced on Sunday it has joined forces with e-commerce platform WooCommerce to launch a free Pan-European native payments gateway solution. Viva Wallet claimed that Viva Wallet for WooCommerce is the only continuously expanding smart payment plugin addressing the needs of online… Read More

July 27, 2020 @ 7:38 am By Samantha Hurst  |  

StashAway, a company that claims to be the first robo-adviser to receive a retail license in Singapore, announced on Monday it secured $22.3 million SGD ($16 million USD) Series C fundraising round led by Square Peg. This investment round comes one year after StashAway raised… Read More