Global

June 6, 2023 @ 8:52 pm By Omar Faridi  |  

RIBBIT, Inc., the “authority” on alternative bank and payment data, today announces its acquisition of ValidiFI, a provider of fraud, compliance, and risk mitigation solutions. The acquisition will aim to “create the industry’s leading banking and payment data solutions platform, improving the company’s product offering… Read More

June 6, 2023 @ 2:57 pm By Omar Faridi  |  

Tether, the company operating the fintech platform tether.to that powers the first and most “widely used” stablecoin in the world, announced it “has participated in the first round of a new billion dollar renewable energy initiative in El Salvador.” Following on its mission to invest… Read More

June 6, 2023 @ 11:59 am By Omar Faridi  |  

Online fraud and financial crime prevention platform SEON has released its latest ‘Global Banking Fraud Index’, which analyzes “the cost of fraud to banks and other financial institutions around the world in 2023.” Notably, the new review by SEON highlights the following: The value of… Read More

June 6, 2023 @ 11:52 am By JD Alois  |  

Peer-to-peer lender Folk2Folk is reporting its fourth year of profitability. According to the UK-based secured lender, pre-tax profit came in at £1.373 million for its 2022 financial year, marking four consecutive years of profitability. In addition, the company is issuing dividend payments to shareholders for… Read More

June 6, 2023 @ 11:04 am By JD Alois  |  

Regulated crypto exchange LCX has announced the launch of asset-backed NFTs [non-fungible tokens]. LCX has labeled the NFT project as Tiamonds, a service aimed to contractually enforce the bridging of digital and physical assets. Specifically, Tiamonds is a marketplace for diamonds which allows users to… Read More

June 6, 2023 @ 7:25 am By Omar Faridi  |  

Card issuing and processing pioneer Enfuce has unveiled its new brand for the Fintech and payment companies “with a unique, stand-out brand concept.” With its ability to create unique customer use cases, easier payment flows, happier customers, and stronger revenues, Enfuce wants “to be known… Read More

June 6, 2023 @ 7:21 am By Omar Faridi  |  

Backbase, which claims to be the global leader in Engagement Banking, proudly announced the appointment of Joost van Mook as Chief Commercial Officer today. Van Mook takes to Backbase’s customer-facing organization, “more than 17 years in enterprise application businesses.” Most recently he has “made an… Read More

June 6, 2023 @ 7:19 am By Omar Faridi  |  

Digital bank Zopa has announced the appointment of Pippa Lambert to its Board, pending regulatory approval. A senior leader “with 25 years of experience at high growth, listed companies, Pippa will Chair Zopa’s Remuneration Committee and oversee the bank’s people agenda including culture, rewards and… Read More

June 6, 2023 @ 7:06 am By Omar Faridi  |  

Global PayTech Ventures (GPT) announced its recent investment in Klearly, whose free app allows merchants to not only accept payments via smartphone, but also evaluate important business insights. The merchant-focused payment solution “helps European business owners operate more efficiently and provide better service to customers.”… Read More

June 6, 2023 @ 6:17 am By Omar Faridi  |  

Tipalti, the global payables automation solution, reveals fresh insights into the strategies of global finance leaders in high-growth businesses “amidst the current economic climate, with almost 8 in 10 (78%) believing sustainable growth is now more important than growth-at-any-cost.” With interest rates at their highest… Read More

June 6, 2023 @ 1:45 am By Barry James  |  

An Urgent Call for Good Governance In light of the latest phase of the ongoing – ‘Great Debate” on the Remaking of Money – ‘The Great Digital £ Debate’ during May and into June – it is clear that the advent of Central Bank Digital… Read More

June 5, 2023 @ 11:45 pm By Omar Faridi  |  

Klarpay AG is pleased to announce a significant expansion of its product offering to include local Automated Clearing House (ACH) payments in more than 40+ currencies. This new capability allows Klarpay’s customers “to execute cross-border payments directly via local ACH systems within select countries.” The… Read More

June 5, 2023 @ 10:38 pm By Omar Faridi  |  

Nium, the firm focused on real-time global payments, has enhanced its market-leading payroll payments solution to support the complex needs of payroll platforms worldwide. Nium’s payroll solution “simplifies global growth for a majority of payroll platforms, including Panther, a provider of global employment, payroll, benefits,… Read More

June 5, 2023 @ 8:01 pm By Omar Faridi  |  

Paxos, the regulated blockchain infrastructure and tokenization platform for enterprises, continues driving the growth of digital assets in Brazil and broader Latin America “through its partnerships with local, regional, and global enterprises.” Over the last 18 months, Paxos has “seen increasing demand for its products… Read More

June 5, 2023 @ 7:58 pm By Omar Faridi  |  

Gr4vy, the cloud-native payments infrastructure company, announced the launch of its centralized cloud vault to securely tokenize, store, pull, update and distribute card data, including network tokens, as well as alternative payment methods (APMs) tokens and PSP tokens. Backed by PCI DSS Level 1 certification,… Read More

June 5, 2023 @ 1:17 pm By Omar Faridi  |  

Qonto, the European business finance solution provider, has appointed Kenneth de Spiegeleire as its Chief Revenue Officer. Since April 2023, de Spiegeleire leads “both central growth teams and international markets, to help Qonto pave the way to reach profitability.” His arrival “reflects Qonto’s strategy to… Read More

June 5, 2023 @ 1:15 pm By Omar Faridi  |  

Jumio, the provider of automated, end-to-end identity proofing, risk assessment and compliance solutions, released the Jumio 2023 Online Identity Study, the second installment of its annual global consumer research, conducted by Censuswide. This year’s results highlight “an understanding among consumers around how generative AI and… Read More

June 5, 2023 @ 1:07 pm By JD Alois  |  

Long anticipated and finally here, the Securities and Exchange Commission (SEC) has filed 13 charges against Binance and its founder and CEO, Changpeng Zhao. Binance is the largest crypto exchange in the world, garnering around 60% of crypto trading. Zhao, who goes by CZ, is… Read More

June 5, 2023 @ 11:34 am By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, announces the launch of Payout Services. This offering reportedly “enables Adyen’s customers to payout acquired funds in the preferred method of their affiliated users or partners with increased velocity, and represents Adyen’s… Read More

June 5, 2023 @ 10:21 am By JD Alois  |  

A UK All-Party Parliament Group (APPG) has published a report on crypto or digital assets. In brief, the report states that crypto is here to stay and requires comprehensive regulation. The report is entitled ‘Realising Government’s Vision for the UK To Become a Global Hub… Read More