Global

December 8, 2021 @ 11:21 am By Omar Faridi  |  

Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a provider of tech solutions and payment processing services for the financial services industry. Its Symitar division announced that $1.02 billion-asset Westmark Credit Union will “convert to Symitar in a private cloud environment.” Unable to seamlessly add modern… Read More

December 8, 2021 @ 10:55 am By JD Alois  |  

Cyber risk is the biggest threat to financial markets in 2022, according to a statement by The Depository Trust and Clearing Corporation (DTCC). This pronouncement should come as no surprise as the news is replete with reports of hacks and breaches by all kinds of… Read More

December 8, 2021 @ 8:22 am By Omar Faridi  |  

Dock, a provider of modern financial technology infrastructure in Latin America, announced the completion of its acquisition of Cacao, a card processing solutions provider operating in Mexico, from now on “branded also as Dock.” The deal expands Dock’s regional presence and “advances its goal of… Read More

December 8, 2021 @ 7:52 am By Tony Zerucha  |  

Capchase, a provider of non-dilutive capital for recurring-revenue companies, will expand to Denmark, Sweden, and Finland, the company announced this week. Commensurate hiring to staff the growth will soon begin. The move builds on Capchase’s customer growth in the Nordics since launching in Europe in… Read More

December 8, 2021 @ 7:50 am By Omar Faridi  |  

Westpac announced on December 7, 2021, that it has agreed to terms to acquire money management app, MoneyBrilliant from AMP Limited and management shareholders. As noted in the update from Westpac, MoneyBrilliant is a budgeting and cashflow tool that “helps users manage their money by… Read More

December 8, 2021 @ 7:47 am By Omar Faridi  |  

Metro Bank (LSE:MTRO), the United Kingdom’s community bank, has introduced its Magic Money Christmas Tree marketing campaign with the goal to raise funds via a gold coin mechanism for various children’s charities through its 78 stores. Created by Metro Bank’s in-house studio and domestic agencies… Read More

December 7, 2021 @ 8:16 pm By Tony Zerucha  |  

As 2022 looms for the e-commerce industry, it will be shaped by several key factors, Forter president Liron Damri believes. He said regulation will play an even more significant role than it has in the past, especially for companies dealing with the European Economic Area… Read More

December 7, 2021 @ 3:20 pm By Tony Zerucha  |  

New analysis from leading online pension provider PensionBee reveals men’s average quarterly contribution amounts increased by 32 per cent, from £801 in Q3 2020 to £1,058 in Q3 2021. Women’s average quarterly contribution amounts also increased by 15 per cent in the same period, from… Read More

December 7, 2021 @ 10:58 am By JD Alois  |  

Locket, an Insurtech raising capital on Seedrs, says it hit its funding goal in just 10 minutes last Friday. The initial offering sought £750,000 in a convertible security that holds a 15% discount to a future priced round. The investment is EIS eligible and holds… Read More

December 7, 2021 @ 9:51 am By Omar Faridi  |  

Zephyr Homeloans, the specialist buy-to-let (BTL) lender that is owned by Computershare, has unveiled several new products as part of a range redesign intended to support greater energy efficiency in the United Kingdom‘s private rental sector. Zephyr’s management noted that their new EPC Deal products… Read More

December 7, 2021 @ 9:06 am By Dmytro Spilka  |  

Brazil’s Fintech decacorn, Nubank is all set for a blockbuster IPO on the 8th of December that’s certain to resonate across the world of finance. Whilst the company has been forced to cut its valuation target by around $9 billion to a total of around… Read More

December 7, 2021 @ 9:00 am By JD Alois  |  

The HBAR Foundation, the entity that aims to boost the development of the Hedera ecosystem, has announced a partnership with DECA4, a blockchain consultancy based in the UAE. The partnership is expected to help build and support decentralized projects in the Middle East on the… Read More

December 7, 2021 @ 8:27 am By Omar Faridi  |  

UK-headquartered Buy Now, Pay Later (BNPL) Fintech Butter is planning to compete with and potentially replace traditional credit cards with the introduction of its own BNPL card. Although 65% of UK consumers carry credit cards, the number being issued has declined by around 3% during… Read More

December 7, 2021 @ 8:01 am By Omar Faridi  |  

Digital wealth management platform Moneyfarm has confirmed that it will acquire Wealthsimple’s UK business book. Wealthsimple UK has reportedly agreed to transfer its 16,000 UK clients to Moneyfarm by the end of January 2022. The Canadian Robo-advisor said it would no longer be offering its… Read More

December 7, 2021 @ 7:00 am By JD Alois  |  

Marqeta (NASDAQ: MQ) has worked with Klarna since 2018 and today the two companies are broadening their relationship. According to a statement from Marqeta, its partnership with Klarna will expand into 13 new European markets: the United Kingdom, Germany, France, Italy, Spain, Netherlands, Poland, Belgium,… Read More

December 6, 2021 @ 10:41 pm By Omar Faridi  |  

UniTeller, a global remittance payments processor with head offices in the US, has reportedly extended its remittance services to more clients residing in the Asia Pacific by teaming up with Malaysia’s cross-border payments Fintech Tranglo. UniTeller’s partnership with Tranglo will enable UniTeller to continue expanding… Read More

December 6, 2021 @ 10:17 pm By Omar Faridi  |  

Beginning on December 2, 2021, people may sign up to get first access to the Blockchain.com NFT marketplace. In the coming weeks, users may start purchasing, selling, and storing non-fungible tokens or NFTs right inside their Blockchain.com Wallet. As mentioned in an update from Blockchain.com… Read More

December 6, 2021 @ 9:25 pm By Omar Faridi  |  

B2B cross-border payment provider, Verto, has teamed up with payments bank, Banking Circle, in order to streamline global payments for its customers. Utilizing the Banking Circle Virtual IBAN solution, alongside access to Banking Circle’s domestic payment channels, Verto is “addressing the pain points of complicated… Read More

December 6, 2021 @ 6:09 pm By JD Alois  |  

Stripe, a global payments and digital banking Fintech, has acquired OpenChannel, a company based in Canada that helps businesses to build, launch, and manage app ecosystems. The terms of the deal were not disclosed. In a brief statement, Stripe stated that OpenChannel will join Stripe’s… Read More

December 6, 2021 @ 5:24 pm By Omar Faridi  |  

The announcement shared below was reportedly provided to AS Mintos Marketplace (Mintos) by Eleving Group, a cooperation partner of Mintos that provides various investment opportunities via Mntos.com. Following Eleving Group’s strategy to consolidate investments in its “best-performing markets, a decision has been made to exit… Read More