Global

September 8, 2024 @ 10:21 am By Omar Faridi  |  

barq, a Saudi financial services startup, has partnered with Mastercard (NYSE: MA) to empower its customers with a range of payment acceptance solutions through Mastercard Gateway. The strategic agreement will see barq leverage Mastercard Gateway technology “to further equip its merchants and consumers around the… Read More

September 8, 2024 @ 7:23 am By Omar Faridi  |  

Checkout.com says it has helped Holiday Extras streamline and increase the performance of their payment processes through the use of virtual cards, resulting in increased automation, improved operational efficiency, and positive financial outcomes. Holiday Extras, which claims to be the market leader in holiday extras, is… Read More

September 8, 2024 @ 7:00 am By Tony Zerucha  |  

More than 170 experts selected 41 international startups for the 11-week Kickstart Innovation program in Switzerland. The cohort gains access to decision-makers and stakeholders, and can now test and scale their business models and close deals. The finalists come from nine countries, with a strong… Read More

September 8, 2024 @ 6:14 am By Omar Faridi  |  

Temenos (SIX: TEMN) announced that MidWestOne Bank, a community bank headquartered in Iowa with approximately 140 thousand customers and branches across 4 states, has gone live with Temenos Digital Onboarding as SaaS on Amazon Web Services (AWS). The SaaS solution was implemented for MidWestOne “by… Read More

September 7, 2024 @ 11:39 am By Tony Zerucha  |  

New research from data enrichment and payment services platform Tink suggests that consumers in the United Kingdom who use digital financial management tools are better off. They average an additional £37.08 better off per month, or £4451 better off per year, compared to pre-adoption. Today, as… Read More

September 7, 2024 @ 11:31 am By Omar Faridi  |  

Latest figures have revealed Scottish businesses remain attractive to investors as 23 firms shared funding worth over £85 million in the second quarter of 2024. The latest KPMG Private Enterprise Venture Pulse report has showed “that companies from across the region – including Edinburgh, Stirling,… Read More

September 7, 2024 @ 11:06 am By Omar Faridi  |  

Indus Valley Partners (IVP), a global provider of software and technology solutions to the world’s most sophisticated investment managers backed by PPC Enterprises, a specialist middle-market private equity firm and minority investor in IVP, announced that it has agreed to acquire IntegriDATA, a leader in… Read More

September 7, 2024 @ 10:50 am By Tony Zerucha  |  

Flutterwave, an African payments technology company, recently announced that its online merchants in Nigeria can now accept American Express payments. American Express Card Members – with consumer, business, or corporate cards – can make payments directly to e-commerce businesses using Flutterwave in Nigeria. This service… Read More

September 7, 2024 @ 9:08 am By Omar Faridi  |  

Hex Trust, a provider of digital asset solutions for institutional finance and the Web3 ecosystem, announces a strategic partnership with Grass, a viral, new decentralized infrastructure network that is building the first open internet to scale web crawl. Today, the network is powered by “over… Read More

September 6, 2024 @ 4:58 pm By Omar Faridi  |  

Paystand, the global enabler of blockchain-enabled B2B payments, announced its zero-fee B2B network is expanding to Canada. While Paystand first introduced limited service in Canada in 2018, Canadian payers will now be able to “access all the benefits of the Paystand Platform and the Zero-Fee… Read More

September 6, 2024 @ 4:48 pm By Omar Faridi  |  

Kaspersky’s Global Research and Analysis Team (GReAT) has discovered a new Advanced Persistent Threat (APT) campaign carried out by the Tropic Trooper group. This operation has been targeting a governmental entity in the Middle East “for over a year, aiming to conduct cyberespionage.” To gain… Read More

September 6, 2024 @ 10:43 am By JD Alois  |  

A report by New Financial indicates that the amount of UK pension funds being allocated to UK equities has declined to 4.4% in comparison to last year, when the number was 6.1% and down by half of assets from 25 years ago. The document describes… Read More

September 6, 2024 @ 10:16 am By Omar Faridi  |  

Binance has released an update entitled, Blockchain in the Modern Payments Landscape: Synergy and Transformation. Binance Research has shared that key takeaways as follows: This Binance Research report looks at “the state of modern payments, its main pain points, and how blockchain payments can address… Read More

September 6, 2024 @ 8:51 am By Omar Faridi  |  

Chainalysis has shared key insights focused on Russia’s cryptocurrency pivot as well as legislated sanctions “evasion.” In response to mounting financial pressures of Western sanctions, Russia enacted significant legislation “legalizing cryptocurrency mining and permitting the use of cryptocurrency for international payments.” Chainalysis added that the… Read More

September 6, 2024 @ 8:47 am By Omar Faridi  |  

KPMG has recently commented on the latest Money and Credit data from the Bank of England. Karim Haji, Global and UK Head of Financial Services at KPMG, shared key insights on the newest Money and Credit data from the Bank of England (for the month… Read More

September 6, 2024 @ 8:46 am By Omar Faridi  |  

PayPal (NASDAQ: PYPL) claims it has ushered in a “new era” for customers, making it easier and more rewarding than ever to shop and pay with PayPal anywhere, anytime – both in stores and online. In addition, customers can now add their PayPal Debit Card… Read More

September 6, 2024 @ 8:39 am By Omar Faridi  |  

Credit union balances have been rising, led by consumers on both ends of the credit risk spectrum, according to an update from TransUnion (NYSE: TRU). TransUnion’s Q3 2024 Credit Union Market Perspectives Report explores “the current state of consumer credit and its impact on credit… Read More

September 6, 2024 @ 8:36 am By Omar Faridi  |  

As consumers find ways to navigate the ever-evolving automotive finance market, leasing is re-emerging as an optimal choice for those seeking flexibility and affordability. According to Experian’s (LSE: EXPN) State of the Automotive Finance Market Report: Q2 2024, leasing witnessed “a notable increase—reaching 25.35%, up… Read More

September 6, 2024 @ 8:35 am By Omar Faridi  |  

Quilter, a FTSE-250 wealth manager,  has agreed to acquire Fintech NuWealth. Quilter states that this acquisition will help it pursue its objective to enhance digital capabilities “to better support customers and advisers.” With this acquisition, Quilter aims to “evolve NuWealth to work with advisers to… Read More

September 6, 2024 @ 5:45 am By Omar Faridi  |  

Complaint management is a crucial aspect of customer service and risk management in the financial services sector, according to an update from Spring Labs. These firms—including traditional banks, fintechs and insurance companies—must “adhere to various regulations and standards that require them to handle complaints in… Read More