Global

September 5, 2024 @ 9:00 am By JD Alois  |  

Cardano developer Input | Output, and Hedera, have joined Algorand Foundation, Hashgraph (formerly Swirlds Labs), Ripple, and XRPL Labs, as the final Founding Members of the Decentralized Recovery (DeRec) Alliance. Charles Hoskinson, Cardano founder and Input | Output CEO, said they are pleased with the… Read More

September 5, 2024 @ 8:30 am By Omar Faridi  |  

Levi9 Technology Services and ABN AMRO Clearing Bank have announced their new collaboration. Opening a new hub in Romania is said to enable “access to IT-personnel which is necessary in realising our ambitions.” ABN AMRO Clearing Bank (AACB) is a global player “in clearing, custody,… Read More

September 5, 2024 @ 8:25 am By Omar Faridi  |  

BitGo are pleased to announce that their firm has been approved as a custodian under the new SIX Exchange Regulation Crypto-Asset Rule. This approval marks another milestone in BitGo’s mission “to make secure, regulated custody available for clients around the world.” BitGo Europe provides regulated… Read More

September 5, 2024 @ 8:23 am By Omar Faridi  |  

Funding Circle UK (LSE: FCH) has released their Half Year 2024 results. Funding Circle says that they delivered “a solid financial performance, stronger than expectations, and made good progress to simplify the business and deliver profitability as set out in their Full Year Results in… Read More

September 5, 2024 @ 5:53 am By Omar Faridi  |  

Red Hat, Inc., the provider of open source solutions, announced it has collaborated with Nationwide Building Society to build and scale its new Business Integration Platform (BIP) to improve customer engagement for 16 million members. Red Hat OpenShift, the hybrid cloud application platform powered by… Read More

September 4, 2024 @ 8:34 pm By JD Alois  |  

Monoova is celebrating its fifth year of providing digital payments in Australia. The company says that in recognition of the milestone it has initiated a brand refresh. Monoova was one of the first providers of PayTo  or “real-time alternative to direct debits.” Since inception, Monoova… Read More

September 4, 2024 @ 8:25 pm By Omar Faridi  |  

Experian has announced its new partnership with Paylink, a provider of affordability software and payments, to address affordability restrictions with debt consolidation loans. This partnership will leverage Paylink’s ReFi product and “expand access to credit for a wider range of consumers through the Experian Marketplace.”… Read More

September 4, 2024 @ 8:24 pm By Omar Faridi  |  

New consumer research reveals that four out of five Gen Z and Millennial Aussie scam victims would share their experiences if it meant helping others. Consumer research commissioned by digital bank, ubank, has revealed nearly three in ten young Aussies reported that they had “been… Read More

September 4, 2024 @ 8:10 pm By Omar Faridi  |  

DNA Payments launched its new Merchant Portal App for iOS and Android, bringing the full functionality of DNA Payments’ Merchant Portal to any smartphone. The app lets merchants accept online payments, “manage their finances, and oversee transactional data, all from their mobile device.” Its built-in… Read More

September 4, 2024 @ 12:17 pm By JD Alois  |  

The UK Payment Systems Regulator (PSR) has updated the status of APP scam protections. APP scams incorporate digital fraud, where users of financial or transactional Apps send money to bogus sites or fraudsters.  The PSR says that in 2023, there were over 250,000 cases of… Read More

September 4, 2024 @ 12:02 pm By Omar Faridi  |  

3forge has announced that it has closed on an investment by Morgan Stanley. This is the first time 3forge has “raised external capital since launching in 2011.” 3Forge is described as a high-performance platform developers use to create enterprise applications. Its technology seeks to enable… Read More

September 4, 2024 @ 9:45 am By Omar Faridi  |  

Lloyds Bank has teamed up with Cleareye.ai, an artificial intelligence platform, leveraging AI to enhance the processing and compliance checking of trade finance documentation to enable efficiencies for customers. The innovative tech will use optical character recognition, machine learning and natural language processing algorithms in… Read More

September 4, 2024 @ 7:08 am By Omar Faridi  |  

Ume, a payment network and merchant services platform for small- and mid-sized businesses (SMBs) on Pix, has announced it has raised $15 million in Series A equity funding. The investment round was led by PayPal Ventures, “with participation from NFX, Globo Ventures, Clocktower Ventures, Big… Read More

September 4, 2024 @ 5:34 am By Omar Faridi  |  

10x Banking, the cloud-native core banking platform, has announced a strategic partnership with SunTec Business Solutions, the world’s relationship-based pricing and billing provider, to enable banks to offer personalized and contextual products, services and offers to their customers, across Corporate, SME and Retail Banking. As… Read More

September 3, 2024 @ 11:06 pm By Omar Faridi  |  

Small-and-medium-sized enterprises (SMEs) are increasingly looking to global markets to fuel their growth. According to Mastercard’s 2023 Borderless Payments Report, 50% are now “conducting more international business than they did in 2021, contributing to over $17 trillion in annual cross-border payments.” Despite this momentum, growth… Read More

September 3, 2024 @ 4:07 pm By Omar Faridi  |  

In an era where Fintechs become increasingly bloated with ancillary products and spend years integrating their platforms with third parties like banks, UK Fintech Atlantic Money took a step in the opposite direction. With the launch of Portals, Atlantic Money allows users “to make international… Read More

September 3, 2024 @ 1:55 pm By Omar Faridi  |  

Bank payment company GoCardless has completed the acquisition of Sentenial Ltd, operating under the Nuapay brand, from EML Payments Limited (ASX: EML). The deal, which was announced in March, will “significantly scale GoCardless’ indirect channel proposition and fast-track the rollout of new capabilities that will… Read More

September 3, 2024 @ 11:10 am By JD Alois  |  

Axway (Paris:AXW) says it has completed the acquisition of Sopra Banking Software for an enterprise value of €330 million. The deal was previously revealed this past February. Axway said the acquisition was enabled by the support of investors who supported a share capital increase of… Read More

September 3, 2024 @ 11:00 am By Omar Faridi  |  

Linas Agro and HeavyFinance will convert 300.000 ha of agricultural land to regenerative farming. One of the largest agribusiness companies in the Baltics, AB Linas Agro, has “become the exclusive representative of the HeavyFinance Carbon Farming Program in Lithuania.” Together, the companies aim to reduce… Read More

September 3, 2024 @ 10:56 am By Omar Faridi  |  

The latest Lloyds Bank Business Barometer showed that business confidence in the United Kingdom remained at 50% in August. Although there was no increase to the overall UK business confidence figure, the result highlighted the continued positivity amongst businesses, with “confidence still at the highest… Read More