Global

June 17, 2024 @ 8:22 pm By Omar Faridi  |  

Mastercard (NYSE: MA) and Thought Machine, a cloud-native banking technology company, are advancing their partnership to deliver high-quality payments and core banking (critical back-end technology for product and account management and the customer ledger) capabilities to financial institutions looking to modernize their technology stack. Mastercard’s… Read More

June 17, 2024 @ 12:22 pm By Omar Faridi  |  

PensionBee Group plc is pleased to announce that it has achieved Assets under Administration of over £5 billion, reaching 250,000 Invested Customers in June 2024. According to PensionBee, these important milestones have been “achieved through the continued delivery of the company’s strategy, driven by a… Read More

June 17, 2024 @ 10:26 am By Omar Faridi  |  

Laura Bayley, Head Clearing Services, SIX, has been appointed as new SWIFT Board Member, the world’s provider of secure financial messaging services. SWIFT’s Board composition is designed to “ensure SWIFT‘s global relevance, support its international reach and uphold its strict neutrality.” Laura Bayley is Head… Read More

June 17, 2024 @ 9:17 am By JD Alois  |  

In the UK, the Fintech industry “remains a hotbed” for innovation, driving employment needs – mostly in London. According to a report distributed by Morgan McKinley, the “demand for tech-savvy professionals in the Fintech industry has significantly increased, reflecting the sector’s ongoing digital transformation.” Morgan… Read More

June 17, 2024 @ 8:52 am By JD Alois  |  

Tether, the issuer of the largest stablecoin in the world, USDT, has announced a new digital asset dubbed Alloy – a digital asset tied to gold. Tether describes Alloy as a new type of digital assets or “tethered assets.” Similar to other stablecoins, Alloy, priced… Read More

June 17, 2024 @ 8:28 am By Tony Zerucha  |  

This week, 40Seas, a platform dedicated to financing, managing, and automating B2B payments worldwide, announced the launch of its all-in-one Global Accounts Receivable solution to simplify credit, risk, and invoice management. The 40Seas Global Accounts Receivable platform centralizes invoice data in a user-friendly dashboard, allowing… Read More

June 17, 2024 @ 8:26 am By Omar Faridi  |  

DNA Payments is bringing more flexible payment options to the payments space, being one of the first to market in the UK by launching Open Banking for its axept PRO payment terminals, offering merchants even more ways for their customers to pay. The introduction of… Read More

June 17, 2024 @ 7:33 am By Omar Faridi  |  

Shift4 (NYSE: FOUR), the enabler of integrated payments and commerce technology, has acquired a majority stake in Vectron Systems AG, one of the largest European suppliers of point-of-sale (POS) systems to the restaurant and hospitality verticals. Based in Germany, Vectron has ~65,000 POS locations “across… Read More

June 17, 2024 @ 7:30 am By Omar Faridi  |  

Prosper, the savings and investments wealthtech founded by Nick Perrett and Ricky Knox, formerly of Tandem Bank, has reached its £800,000 Crowdcube target before launching to the public. Nick Perrett, Prosper’s CEO said: “We have been overwhelmed by the early show of support in the… Read More

June 16, 2024 @ 11:48 pm By Omar Faridi  |  

Robinhood Markets, Inc. (NASDAQ: HOOD) has partnered with Syracuse University’s D’Aniello Institute for Veterans and Military Families (IVMF) in order to bring retirement education workshops to entrepreneurs across the U.S. Robinhood says that they are honored to partner with an organization “helping veterans and veteran… Read More

June 16, 2024 @ 11:47 pm By Omar Faridi  |  

Kani Payments, the global data reconciliation and reporting platform, has been selected by cloud-native issuer processor CLOWD9 as its partner to power its data reporting and reconciliation capabilities. The partnership will address the unique data standardization needs and challenges faced by banks and fintechs and… Read More

June 16, 2024 @ 10:22 pm By Omar Faridi  |  

N26 recently announced the appointment of Peter Kleinschmidt to the Supervisory Board of N26 AG following its 2024 Annual General Meeting. Peter, an avid investor in startups with a focus “on new and emerging technology, brings decades of experience in the financial services, banking and… Read More

June 16, 2024 @ 3:57 pm By Omar Faridi  |  

Hometree, a residential energy services company, has raised £250m in debt financing from Barclays to help homeowners finance the installation of solar panels, battery storage systems, and heat pumps through a range of lease and loan products. The zero-deposit payment options are uniquely “designed for the… Read More

June 16, 2024 @ 3:55 pm By Omar Faridi  |  

Rapyd, the global fintech firm, recently released its report, “2024 State of Payments: High-Opportunity Industries.” This comprehensive study dives into “the evolving landscape of cross-border payments, focusing on the needs of fast-growing industries such as online gaming, content creation platforms, online travel, marketplaces, and e-commerce.”… Read More

June 16, 2024 @ 3:54 pm By Omar Faridi  |  

In Argentina, Worldcoin contributors have been working hard to increase access to important AI tools like World ID, a private digital passport that differentiates humans from bots online. Now, the project is poised to grow in Argentina, “resulting in significant direct investment in the country.”… Read More

June 16, 2024 @ 3:52 pm By Michael Wong  |  

Fhenix, an Israel-based company specializing in Layer 2 blockchain technology that leverages fully homomorphic encryption (FHE), has successfully closed a $15 million Series A funding round. The round was led by Hack VC, with additional investments from Dao5, Amber Group, Primitive, GSR, Collider, and Stake… Read More

June 16, 2024 @ 6:23 am By Omar Faridi  |  

With U.S. auto insurance rates up 11.2% on average during the past year—and insurers still losing an average of five cents “on every dollar of premium they collect—sky-high premiums do not appear to be leveling off anytime soon.” According to the J.D. Power 2024 U.S…. Read More

June 16, 2024 @ 1:57 am By Omar Faridi  |  

Nordic Capital, which claims to be one of the most active and experienced investors in Technology & Payments globally, announced that it will join Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies, as an investor in One Inc, a digital… Read More

June 15, 2024 @ 10:32 pm By Omar Faridi  |  

Xero, the global small business platform, released regional and industry data about small business labor productivity. The Xero Small Business Insights (XSBI) report, Small business productivity: Industry and regional trends, is based “on anonymized and aggregated data from more than 240,000 Xero small business customers… Read More

June 15, 2024 @ 5:03 pm By Tony Zerucha  |  

European Blockchain Sandbox Brickken, a Barcelona-based startup that tokenizes real-world assets, has been selected to participate in the European Blockchain and Distributed Ledger Technologies (DLT) Regulatory Sandbox. This regulatory sandbox will provide legal certainty for decentralized technological solutions, including blockchain, by identifying deployment obstacles from… Read More