Global

March 13, 2023 @ 7:39 pm By Omar Faridi  |  

Cuscal Limited, which claims to be one of Australia’s largest independent providers of payments, banking, and regulated data and Basiq Pty Ltd, a Consumer Data Right (CDR) platform that provides data services to banks, Fintechs, and start-ups, have entered into a binding agreement under which… Read More

March 13, 2023 @ 4:53 pm By Omar Faridi  |  

Equifax Inc. (NYSE: EFX) has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) in connection with the company’s acquisition of Boa Vista Serviços, which is reportedly the second-largest credit bureau in Brazil. Equifax and Boa Vista Serviços “entered into a Merger… Read More

March 13, 2023 @ 3:31 pm By JD Alois  |  

Everyone is now speculating as to whether or not the Fed will raise rates by 25 bps later this month or not at all. Most observers currently believe 50 bps is off the table following the collapse of Silicon Valley Bank (NASDAQ:SIVB). The Fed’s aggressive… Read More

March 13, 2023 @ 3:05 pm By Omar Faridi  |  

Fintech lender Sonovate has surpassed £3.5bn in total funding and £1 billion in annual funding for the first time “as rising costs force businesses to seek finance to manage cashflow and drive growth.” During 2022, Sonovate reportedly “provided businesses with £1.1 billion in finance, a… Read More

March 13, 2023 @ 11:54 am By JD Alois  |  

Earlier today, HSBC announced that it had acquired Silicon Valley Bank UK for £1 in a transaction approved by UK banking regulators. SVB has been a top banking firm for venture-backed firms around the world, and its UK operation is perhaps the most prominent. As… Read More

March 13, 2023 @ 11:02 am By Omar Faridi  |  

Experian recently announced plans to pilot a new service that could help millions of financially excluded people “get better access to mainstream financial services.” Experian’s initiative aims “to help people with little or no credit history – the so-called ‘credit invisibles’ – build out their… Read More

March 13, 2023 @ 9:06 am By JD Alois  |  

HSBC, working with the UK government, has announced the acquisition of Silicon Valley Bank UK (SVB UK). In a release, HSBC said it had purchased Silicon Valley Bank UK Limited for £1. The transaction completes immediately. HSBC said the transaction will improve its banking franchise… Read More

March 13, 2023 @ 8:49 am By Omar Faridi  |  

The Bundesbank reportedly convened its crisis team on Monday (March 13, 2023) in order to assess the impact of the fallout of the US-based lender Silicon Valley Bank (NASDAQ:SIVB) on the domestic market, even while no emergency action or measures were expected in Europe. As… Read More

March 13, 2023 @ 8:42 am By Omar Faridi  |  

Finastra has announced the availability of its ESG Service, a cloud-native SaaS solution that streamlines sustainability-linked lending. Open and scalable, ESG Service “facilitates the integration of sustainability performance target criteria into ESG pricing for both Finastra Loan IQ and other back-office systems in the market.”… Read More

March 12, 2023 @ 11:18 pm By Omar Faridi  |  

F5 (NASDAQ: FFIV) announced it is partnering with Visa, the digital payments giant, to help merchants securely reduce login friction for customers. Customers expect seamless commerce experiences and transactions “to be secure.” Yet, in today’s digital-first world, customers are “under threat from bad actors looking… Read More

March 12, 2023 @ 11:16 pm By Omar Faridi  |  

wefox, which claims to be one of the world’s leading Insurtech firms, has announced the appointment of Dr. Günther Blaich as the Country Lead for Germany. Effective immediately, Dr. Blaich will be “responsible for leading wefox Germany and driving the company’s growth and profitability strategy.”… Read More

March 12, 2023 @ 11:11 pm By Omar Faridi  |  

Strong ecosystems and client proximity are key prerequisites for sustainably driving innovation and helping to shape the future of the Swiss financial center. A strategic partnership between UBS (SWX: UBSG), the universal bank and digital market leader in Switzerland, and the largest Swiss innovation ecosystem… Read More

March 12, 2023 @ 4:38 pm By Omar Faridi  |  

AstroPay, the online payment solution of choice for millions of users worldwide, has announced the launch of its new co-branded product – the AstroPay Wolves debit card. The launch builds on the business’ existing partnership with English Premier League club Wolverhampton Wanderers, also known as… Read More

March 12, 2023 @ 4:10 pm By Omar Faridi  |  

Capitolis, the technology company reimagining financial markets, announced that its subsidiary, Capitolis Global Broker Dealer LLC, has applied “to become a broker-dealer.” This is the next step in Capitolis’ journey “to provide innovative solutions to the market in order to keep the capital markets both… Read More

March 11, 2023 @ 6:03 pm By JD Alois  |  

Following an initial statement that it held a separate balance sheet from Silicon Valley Bank (NASDAQ:SIVB) in the US, Silicon Valley Bank UK has announced it will move into insolvency following a discussion with UK banking regulators. SVB UK took on a similar role to… Read More

March 11, 2023 @ 5:41 pm By Omar Faridi  |  

Adyen (ADYEN:AMS), the global financial technology platform of choice for businesses, announces that its annual Accelerator program is returning this spring “to empower another round of high-potential social enterprises and impact startups.” EMEA based businesses committed “to furthering the UN’s Sustainable Development Goals (SDGs) can… Read More

March 11, 2023 @ 5:20 pm By Omar Faridi  |  

Binance, which claims to be the world’s leading blockchain and cryptocurrency infrastructure provider, has announced the launch of Binance Card in Colombia. One of Binance‘s top markets boasting high levels of crypto adoption, Colombia becomes the third country in Latin America “to support the product,… Read More

March 11, 2023 @ 1:03 pm By Omar Faridi  |  

Yapily have agreed to a partnership with payments technology company Zilch that will provide millions of people “with better access to 0% interest swift repayment credit.” The partnership “marks the first time we’ve teamed up with a provider of consumer credit via Buy Now Pay… Read More

March 10, 2023 @ 5:39 pm By Omar Faridi  |  

Nationwide Building Society has selected Accenture (NYSE: ACN) and Form3 to transform its digital payments infrastructure through the adoption of “a cloud native platform, aiming to enhance the customer experience with seamless, secure and fast transactions.” As digital payments continue to grow, the cost-efficient solution… Read More

March 10, 2023 @ 12:33 pm By Omar Faridi  |  

Banking as a Service (BaaS) company Synctera announced that it is partnering with the National Bank of Canada in order “to help companies build and launch FinTech apps and embedded banking products in Canada.” Synctera announced “a $15 million strategic investment, led by NAventures (the… Read More