Global

February 12, 2024 @ 8:26 am By Omar Faridi  |  

Revolut, a digital bank/neobank with over 35 million customers worldwide and 8+ million in the United Kingdom, is offering eSIMs and global mobile data plans to its UK clients. Revolut eSIM enables clients to roam like a local user and stay connected without having to… Read More

February 12, 2024 @ 8:23 am By Omar Faridi  |  

Kraken is reporting they have obtained a VASP registration from the Dutch Central Bank (DNB), as part of their European growth strategy. In a blog post, digital asset firm Kraken notes that this registration will allow them “to expand into an important European market and… Read More

February 12, 2024 @ 8:17 am By Omar Faridi  |  

Zopa bank has launched its first Cash ISA account in order to help savers level-up their 2024 finances. Zopa bank says its aim is to “help millions of Brits with an ISA account better save by making the £333 billion sitting in Cash ISAs work… Read More

February 12, 2024 @ 6:30 am By Omar Faridi  |  

The latest Royal Bank of Scotland Report on Jobs survey signalled a drop in recruitment activity across Scotland at the start of 2024. Both permanent staff placements and temp billings “fell sharply in January, with the latter posting the first decline in three months.” Subdued… Read More

February 11, 2024 @ 11:34 pm By Omar Faridi  |  

Navro – the Fintech previously known as Paytrix that supports international payments for global businesses – reveals that it has been authorized by the Central Bank of Ireland as an Electronic Money Institution (EMI). As per the terms of the license, businesses with international plans… Read More

February 11, 2024 @ 11:33 pm By Omar Faridi  |  

Global fintech Adyen (AMS: ADYEN) has recently published its H2 2023 financial results. Adyen delivered a period of profitable growth as the company reportedly finished its “accelerated investment phase of growing its global team.” Adyen has shared the following H2 2023 figures: Processed volume was… Read More

February 11, 2024 @ 11:31 pm By Omar Faridi  |  

Oliver Wyman, a global management consulting firm and a business of Marsh McLennan (NYSE: MMC), announced that it has reached an agreement to buy Innopay, a consultancy firm specialized in digital transactions. Innopay will complement Oliver Wyman’s existing payments consulting capabilities. Terms of the transaction,… Read More

February 11, 2024 @ 10:28 pm By Omar Faridi  |  

Pennylane has reportedly raised €40M from Sequoia Capital and other investors, reflecting steady growth over the past two years. The company is also reporting a significant increase in the number of VSE-SMEs on its platform in 24 months thanks to the adoption of the tool… Read More

February 11, 2024 @ 3:27 pm By Omar Faridi  |  

Running a successful small business goes beyond profit margins; it’s about managing financial health. One crucial metric is your business credit score, according to the team at Thriday. Thriday’s latest feature – the business credit score check aims to address key requirements. As explained in… Read More

February 11, 2024 @ 3:25 pm By Omar Faridi  |  

XTransfer, the B2B cross-border trade payment platform, announces a key milestone in its partnership with Deutsche Bank. Deutsche Bank has executed XTransfer’s first onshore Thai Baht (THB) trade in Thailand, “leveraging the latest version of the Bank of Thailand‘s Non-Resident Qualified Company (NRQC) rules.” Under… Read More

February 11, 2024 @ 3:24 pm By Omar Faridi  |  

Republic, a global technology company supporting the digital transformation of finance and investing, and Creta, a Web3-based multiverse gaming platform formed by a coalition of developers, creators, producers, are announcing their partnership with eyes towards collaboration in the Web3 development space. Republic is an financial… Read More

February 11, 2024 @ 11:11 am By Omar Faridi  |  

HSBC (NYSE: HSBC) announced a partnership with Google Cloud to accelerate climate mitigation and resilience through financing and support for companies in the Google Cloud Ready – Sustainability (GCR-Sustainability) program. GCR-Sustainability is a validation program for companies with solutions available on Google Cloud that help… Read More

February 10, 2024 @ 6:05 pm By Omar Faridi  |  

Findings from the newly released Q4 2023 Quarterly Credit Industry Insights Report (CIIR) from TransUnion (NYSE: TRU) reveal that credit card debt is “at a historical high, driven in part by Millennials further building on their credit portfolios.” This comes at a time when an anticipated reduction in interest… Read More

February 10, 2024 @ 4:19 pm By Omar Faridi  |  

Bitso —the financial services company powered by crypto in Latin America— released the first edition of its Crypto Landscape in Latin America: Report H2 2023, in which it reveals the importance that “the use of blockchain and crypto assets have gained, both in the region… Read More

February 9, 2024 @ 6:28 pm By Omar Faridi  |  

Mastercard (NYSE: MA) collaborates with the Egyptian Banks Company (EBC), the advanced payments network and domestic operator in Egypt. The collaboration marks a significant step “towards fostering sustainable economic growth activities, further enhancing the digital payments landscape and driving inclusive economic development in Egypt.” Earlier,… Read More

February 9, 2024 @ 6:24 pm By Omar Faridi  |  

IDEX Biometrics and KONA I are partnering to deploy biometric payment and access cards in Japan. With credit card fraud reported by Japanese companies increasing by 30% year over year to USD 294 million, banks in the market are showing interest for biometric smartcard solutions,… Read More

February 9, 2024 @ 5:47 pm By Omar Faridi  |  

Brite Payments, an enabler of instant bank payments, announced that it has joined The Payments Association EU as a Patron Member. The membership underlines Brite’s commitment “to industry collaboration as it expands its product offering across Europe.” Brite Payments enables instant account-to-account (A2A) payments and… Read More

February 9, 2024 @ 5:45 pm By Omar Faridi  |  

Hiline, a provider of financial-operations-as-a-service that helps growth-minded organizations manage risk, improve outcomes, and make better decisions, announced it acquired Calculate, a New York-based outsourced accounting and finance firm dedicated to supporting the financial processes at emerging companies. This strategic acquisition represents “a significant milestone… Read More

February 9, 2024 @ 2:40 pm By JD Alois  |  

October, once a top online lending platform and leading Fintech based in France, has sold its main asset, “October Connect,” to software firm Sopra. The terms of the asset sale were not immediately available. According to Les Echos, “it looks like the end” for the… Read More

February 9, 2024 @ 1:29 pm By Omar Faridi  |  

Fenergo, the provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management (CLM), announces that its software-as-a-service (SaaS) CLM solution is now available on AWS Marketplace. Available directly through AWS Marketplace, Fenergo’s CLM can be “implemented, enabling financial institutions (FIs)… Read More