Global

September 29, 2024 @ 10:17 pm By Michael Wong  |  

The European Investment Fund (EIF) and Hungarian National Capital Holding (NCH) have announced the launch of Impact Ventures III, a €40 million venture capital fund aimed at supporting early-stage, innovative small and medium-sized enterprises (SMEs) and startups with positive social and environmental impacts in Hungary… Read More

September 29, 2024 @ 6:25 pm By Omar Faridi  |  

FIS (NYSE: FIS) says it will provide a complete end-to-end loyalty program management platform for Commerce Bank, a Midwest regional bank with over $30 billion in assets and nearly 160 years of history. By collaborating with FIS on this strategic initiative, Commerce Bank seeks to… Read More

September 29, 2024 @ 6:14 pm By Omar Faridi  |  

Citigroup Inc. (NYSE: C) and Apollo (NYSE: APO) announced that they have entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential… Read More

September 29, 2024 @ 5:54 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced that it has signed a Multi-Country Model Bank development agreement with Bahwan CyberTek (BCT), a global digital transformation company. Temenos Country Model Banks offer financial institutions a faster go-live experience with Temenos solutions, “while simultaneously reducing costs and risks through pre-configured… Read More

September 29, 2024 @ 5:46 pm By Omar Faridi  |  

Global Fintech Broadridge Financial Solutions, Inc. (NYSE: BR)  announced that Skandinaviska Enskilda Banken AB (SEB) is leveraging Broadridge’s international post-trade processing solution to simplify and streamline its securities business across international and domestic markets. SEB is an established, long-standing user of Broadridge‘s front and middle… Read More

September 29, 2024 @ 1:02 pm By Omar Faridi  |  

Backbase is pleased to announce a major expansion of the Engagement Banking Platform with the introduction of the Intelligence Fabric layer, a powerful set of data and AI infrastructure and development capabilities that are now natively embedded in the platform. This groundbreaking launch is set… Read More

September 29, 2024 @ 12:58 pm By Omar Faridi  |  

Hemi and Layerbank will collaborate to provide users with an industry-leading platform for lending and borrowing Hemi-based assets. Hemi Network is teaming up with LayerBank, the 8th largest lending protocol on DeFiLlama, “with $750M in Total Value Locked (TVL).” LayerBank is bringing its lending and… Read More

September 29, 2024 @ 12:31 pm By Michael Wong  |  

Israel officially joined the Asian Development Bank (ADB) as its 69th member and 20th nonregional member on Thursday, after fulfilling all necessary membership requirements. Israel submitted its application for ADB membership in January 2022. The ADB Board of Governors approved the membership on April 14,… Read More

September 28, 2024 @ 3:55 pm By Michael Wong  |  

NPCI International Payments Limited (NIPL) has formed a strategic alliance with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago to develop a real-time payments platform modeled after India’s Unified Payments Interface (UPI). This initiative positions Trinidad and Tobago as the first Caribbean nation… Read More

September 28, 2024 @ 2:50 pm By Omar Faridi  |  

Folks Finance has integrated Chainlink CCIP and Price Feeds across the Avalanche, Base, and Ethereum mainnets, leveraging CCIP’s arbitrary messaging functionality to enable highly secure cross-chain lending. By integrating Chainlink Price feeds, Folks has access “to high-quality, tamper-proof price feeds needed to support secure markets… Read More

September 28, 2024 @ 1:49 pm By Tony Zerucha  |  

This week, African payment technology provider Flutterwave announced the expansion of its Send App service across 49 U.S. states through a partnership with MainStreet Bank, a subsidiary of MainStreet Bancshares Inc. (Nasdaq: MNSB and MNSBP). Texas isn’t included. Flutterwave said Send App facilitates faster, easier, and more… Read More

September 28, 2024 @ 1:19 pm By Omar Faridi  |  

PayPal (NASDAQ: PYPL) unveiled PayPal Complete Payments, which is described as being a safe and efficient all-in-one platform that integrates a range of customized products and solutions to support Chinese merchants in selling globally. This platform streamlines payment and receivables processes “for businesses of all… Read More

September 28, 2024 @ 12:16 pm By Omar Faridi  |  

Itaú Private, a provider of private banking services, has announced an exclusive partnership with Addepar, a global firm focused on technology and data solutions for investment professionals. This strategic collaboration grants Itaú Private exclusive “access to Addepar’s comprehensive data aggregation and performance reporting platform in… Read More

September 28, 2024 @ 11:09 am By Omar Faridi  |  

PeerBerry’s business partner, real estate developer SIB Group, repaid investors a EUR 1 million loan (real estate project “Krokuvos”) and paid our investors EUR 221 135 in interest. PeerBerry has acknowledged those “contributing to the development of projects developed by their partners.” If you are… Read More

September 28, 2024 @ 10:58 am By Omar Faridi  |  

KaiOS, the operating system that brings the best of the internet to affordable devices, announced a partnership with Mastercard (NYSE: MA) to integrate a range of digital payments solutions. Mastercard and KaiOS explained in a blog post that they will aim to deliver affordable payment acceptance… Read More

September 28, 2024 @ 10:55 am By Omar Faridi  |  

Bitvavo, one of the largest European cryptocurrency exchanges, is making MiCA-compliant USDC widely available to Bitvavo’s growing user base to offer regulated, efficient, and transparent dollar stablecoin transactions to European users. MiCA or Markets in Crypto Assets regulation has been approved by the European Union…. Read More

September 28, 2024 @ 10:45 am By Omar Faridi  |  

Trulioo, an identity platform with proven global coverage for person and business verification, announced its partnership expansion with Airwallex, a global payments and financial platform for modern businesses. Since the two joined forces in 2017, Airwallex has integrated Trulioo Identity Document Verification, Business Verification and… Read More

September 28, 2024 @ 10:43 am By Omar Faridi  |  

New World ID has reportedly launched now in Guatemala, Malaysia and Poland come at pivotal moment for AI. As explained in a blog post by WorldCoin, World ID orb verifications have been officially introduced across three new countries this week: Guatemala, Malaysia and Poland. The… Read More

September 28, 2024 @ 10:41 am By Omar Faridi  |  

BNP Paribas (EPA: BNP) announces that it has signed an agreement with HSBC (NYSE: HSBC) for the acquisition of their Private Banking activities in Germany, with the ambition to position BNP Paribas Wealth Management among the top leading players in Germany and bringing its AuM1… Read More

September 28, 2024 @ 10:39 am By Omar Faridi  |  

CaixaBank launches Smartphone TPV, a solution designed for businesses, professionals and the self-employed of any size and sector, enabling them to easily accept card payments of any amount from mobile devices, “without the need for an additional device, as was previously necessary.” It is the… Read More