General News

June 29, 2020 @ 12:49 pm By Samantha Hurst  |  

Banking group Barclays US announced on Monday plans to create more than 300 new customer service jobs in its Wilmington, Delaware headquarters. According to Barclays US, The  Council on Development Finance (CDF) approved Barclays for Delaware Strategic Fund monies totaling nearly $2.5 million, including a… Read More

June 26, 2020 @ 10:34 am By Samantha Hurst  |  

On Thursday, former Treasury Secretary, Lawrence Summers, sat down with Circle CEO Jeremy Allaire on YouTube Live for a special edition of The Money Movement, a weekly interview series that explores the issues and ideas driving the world of digital money.  During the episode, Summers… Read More

June 26, 2020 @ 8:17 am By Samantha Hurst  |  

Germany-based banking platform SolarisBank announced on Thursday it has formed a partnership with American Express for a new installment product, “Splitpay.” SolarisBank reported that for the first time, members of a personal American Express Card in Germany will be able to use an installment option… Read More

June 26, 2020 @ 8:00 am By Samantha Hurst  |  

BBVA USA announced earlier this week it has launched its new mobile banking app, Mobile 9.0, as well as expanded transaction details screen in mobile and online banking. According to BBVA USA, the two services “embrace” technology as the means to a better end for… Read More

June 26, 2020 @ 7:46 am By Samantha Hurst  |  

Fintech Scotland announced on Friday it secured  £22.5 million innovation funding for the Global Open Finance Centre of Excellence (GOFCoE) to be established in Edinburgh and the Central region. According to the organization, GOFCoE will provide a trusted environment for participants from around the world… Read More

June 25, 2020 @ 11:45 pm By Omar Faridi  |  

Ezra, a project that leverages its partner network to support global aid initiatives through Fintech and other emerging technologies, is planning to work cooperatively with mobile operators, NGOs, and various foundations and organizations in order to enable greater financial inclusion through digital platforms. Allan Green,… Read More

June 25, 2020 @ 9:10 am By Samantha Hurst  |  

Digital bank Revolut announced on Thursday the addition of American Express (AMEX) to its Open Banking feature. According to Revolut, the feature allows the bank’s retail customers in the UK to connect their American Express and other banks accounts to Revolut, making it possible to… Read More

June 25, 2020 @ 8:40 am By Omar Faridi  |  

Switzerland-based Credit Suisse, a multinational wealth manager, investment bank and financial services firm, has made a deal with modalmais, a Brazilian digital bank. According to the terms of the agreement, the Swiss bank will purchase preferred shares that will be “equivalent to up to 35%”… Read More

June 25, 2020 @ 8:01 am By Samantha Hurst  |  

Paysafe Group, a global payments provider, announced on Thursday it has appointed Afshin Yazdian as CEO of its newly formed U.S. Acquiring division. According to Paysafe, Yazdian will for bringing to life Paysafe’s vision of being the U.S.’s leading payments solutions provider. Paysafe reported that… Read More

June 24, 2020 @ 9:25 am By Samantha Hurst  |  

Visa Inc. (NYSE: V) announced on Wednesday it has formed a new partnership with TerraPay, a global payments infrastructure company, for the development and delivery of payment solutions in an effort to drive financial inclusion and cashless transactions for domestic payments and global remittances. The… Read More

June 24, 2020 @ 7:44 am By Omar Faridi  |  

Brazil’s reserve bank has reportedly instructed Mastercard and Visa to suspend processing transactions on behalf of WhatsApp. As reported on June 15, 2020, the Facebook-owned WhatsApp messaging platform began facilitating payments in Brazil. However, the Central Bank of Brazil (BC) has now taken action against… Read More

June 23, 2020 @ 11:18 am By Samantha Hurst  |  

Mastercard (NYSE: MA) announced on Tuesday it has entered into an agreement to acquire Finicity, a real-time financial data and insights access provider providing open banking tools – an area of growing importance for financial services firms.. Mastercard revealed the purchase price was $825 million,… Read More

June 23, 2020 @ 9:53 am By JD Alois  |  

HM Treasury’s weekly update on the COVID-19 business support schemes indicates that lenders, both traditional banks and Fintechs, have provided a growing amount of financing to both smaller and larger firms impacted by the Coronavirus. The main government programs include; the Coronavirus Business Interruption Loan… Read More

June 23, 2020 @ 9:25 am By JD Alois  |  

The British Business Bank has distributed data on the Future Fund indicating £236.2 million worth of convertible loans have been approved for 252 companies. Launched on May 20, 2020, the Future Fund is a government plan designed to aid entrepreneurial young firms that did not… Read More

June 22, 2020 @ 3:31 pm By Samantha Hurst  |  

Visa Inc. (NYSE: V) announced on Monday it has launched a digital tool, Advanced Identity Score, to help U.S. financial institutions with their efforts to combat new account fraud. According to Visa, Advanced Identity Score combines Visa’s artificial intelligence and predictive machine learning capabilities with… Read More

June 22, 2020 @ 11:34 am By JD Alois  |  

Nikhil Rathi has been appointed as the new Chief Executive of the UK Financial Conduct Authority (FCA). Rathi is currently the Chief Executive of the London Stock Exchange and prior to that, he was the Director, Financial Services Group at HM Treasury. Rathi is expected… Read More

June 22, 2020 @ 10:23 am By Samantha Hurst  |  

U.S, fintech Maverick Payments announced on Monday the launch of its new fully custom payment gateway. According to Maverick Payments, the gateway was designed to provide an all-in-one integration and user experience for businesses with added layers of control and security. “The gateway completes a… Read More

June 22, 2020 @ 9:02 am By JD Alois  |  

IronFX says it is launching a virtual Fintech accelerator program to back Fintech ventures. IronFX is a trading platform that reports supporting 1,200,000 traders worldwide, serving retail and institutional customers in 180+ countries. The virtual accelerator program will focus on companies providing training and knowledge… Read More

June 22, 2020 @ 8:53 am By JD Alois  |  

The British Business Bank is committing £50 million through its Enterprise Capital Funds (ECF) program to a new fund: Epidarex Capital III UK LP. The fund, which totals £102 million, will invest in new life science companies from emerging research hubs across the UK. Epidarex… Read More

June 22, 2020 @ 8:10 am By Samantha Hurst  |  

Global payment solution provider Checkout.com announced on Monday it secured $150 million through its Series B funding round, tripling its valuation to $5.5 billion. The funding round was led by Coatue, along with participation from existing investors, including Insight Partners, DST Global, Blossom Capital, and Singapore’s Sovereign… Read More