June 21, 2024 @ 2:34 pm By Omar Faridi  |  

Verifi notes in a blog post that Visa post-purchase dispute volumes went up more than 7% in 2023 alone. As mentioned in the update from Verifi, the combination of “lost sales, dispute fees, operational costs, relating to disputes, can cause merchants to lose unnecessary revenue.”… Read More

June 21, 2024 @ 1:28 pm By Omar Faridi  |  

PayPal Ventures is leading Gynger‘s $20 million Series A round. Gynger, the embedded financing platform for technology purchases, also announced the close of “up to $100 million debt facility to fuel its growth.” Gynger, the embedded financing platform for technology purchases, had its investment round… Read More

June 21, 2024 @ 1:01 pm By Omar Faridi  |  

The wCBDC pilot on SIX Digital Exchange will continue over the next two years. The Swiss National Bank (SNB) announced the continuation of the Helvetia Pilot focusing on tokenized securities settlement on SIX Digital Exchange (SDX) in Swiss franc digital central bank money for financial… Read More

June 21, 2024 @ 12:37 pm By Omar Faridi  |  

In May, Chime announced the news of its latest product innovation: MyPay. Consumers across the country are done waiting for payday, Chime notes while claiming that within 48 hours of sharing the news of MyPay and early access to the product “for eligible members, more… Read More

June 21, 2024 @ 12:32 pm By Omar Faridi  |  

OpenWealth, the CaixaBank subsidiary dedicated to providing independent wealth advisory services for large clients, surpassed €7.3 billion in assets under supervision at the end of April 2024, reportedly making it “not only the largest wealth advisory firm for Ultra High Net Worth clients, but also… Read More

June 21, 2024 @ 12:26 pm By Omar Faridi  |  

Consumers are spending twice as much when they use their credit cards for interest-free installments compared to traditional Buy Now, Pay Later (BNPL) plans, according to new first-party research shared by Splitit (ASX:SPT). The report, Merchants’ Evolving Perspective On the Value of Card-Linked Pay Later… Read More

June 21, 2024 @ 12:25 pm By Michael Wong  |  

The Securities and Exchange Commission of Ghana (SEC) and the United Nations Capital Development Fund (UNCDF) unveiled comprehensive guidelines for equity and investment-based crowdfunding. This landmark initiative, crafted in partnership with key stakeholders and with substantial technical support from Lelapa African FinTech Advisory, represents a… Read More

June 21, 2024 @ 9:30 am By Omar Faridi  |  

Investments into the e-commerce enablement ecosystem contracted in Q1, producing $1.7 billion across 83 deals, marking decreases of 52.2% and 26.5%, respectively, relative to Q4 seasonal increases. This, according to a report from PitchBook. PitchBook further noted that Q1 2024 approached parity “with Q3 2023,… Read More

June 21, 2024 @ 8:19 am By Omar Faridi  |  

Trulioo, an identity platform with proven global coverage for person and business verification, today announced a strategic partnership with Capital.com, a retail trading platform, to support its global expansion with streamlined, convenient onboarding. Capital.com, whose client trading volumes “exceeded $1 trillion in 2023, is one… Read More

June 21, 2024 @ 8:00 am By JD Alois  |  

Tyler Winklevoss, founder of crypto platform Gemini, stated on X this week that he was supporting former President Donald Trump in his run for the White House. Winklevoss donated $1 million in Bitcoin to the Trump campaign as the “Biden Administration has openly declared war… Read More

June 21, 2024 @ 7:15 am By Omar Faridi  |  

Mastercard (NYSE: MA) has provided an update on its efforts related to scaling open banking to unlock Fintech innovation and enabling choice. The company states that Mastercard Start Path is supporting nine startups across open banking and embedded finance. Mastercard is introducing nine Fintechs “to… Read More

June 21, 2024 @ 7:14 am By Omar Faridi  |  

As regulation and reporting requirements become increasingly stringent, it’s more important than ever for organizations to have powerful, streamlined access to Web3 accounting and financial data. That’s why Fireblocks has teamed up with TRES Finance to offer customers the ability to completely automate Web3 accounting,… Read More

June 21, 2024 @ 7:12 am By Omar Faridi  |  

The UK is experiencing a massive increase in mobile fraud. Consumers, businesses, and government agencies are alarmed and pondering their next steps as they prepare to deal with several emerging trends that have surfaced in 2024. This, according to an update from Prove. Influenced by… Read More

June 21, 2024 @ 7:10 am By Omar Faridi  |  

Digital bank Revolut is reportedly looking to become the most valuable startup in Europe with a target valuation of around $40 billion. This according to a report from the FT. Sources that claim to be familiar with these plans reportedly told the FT that Revolut… Read More

June 20, 2024 @ 7:32 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, today announced its partnership with MECCA, Australia’s largest prestige beauty retailer. To cater to its fast-growing customer base in-store and online, MECCA has chosen Adyen to streamline payments, “amplify customer… Read More

June 20, 2024 @ 3:22 pm By Omar Faridi  |  

Fenergo, the provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management (CLM), announces that First Abu Dhabi Bank (FAB) the largest bank in the United Arab Emirates (UAE), has “integrated Fenergo’s software-as-a-solution (SaaS) CLM solution to speed up client… Read More

June 20, 2024 @ 2:02 pm By Michael Wong  |  

Xcelerate Pte Ltd, a global Environmental, Social, Governance, Risk, and Compliance (ESGRC) platform, has announced the acquisition of a strategic equity stake in Gieom Business Solutions, a financial service compliance provider. The deal, which was carried out through a combination of primary and secondary investments, aims… Read More

June 20, 2024 @ 1:05 pm By Omar Faridi  |  

DailyPay, a worktech company, announced that its industry-leading earned wage access solution that supports the financial wellness of millions of workers nationwide has received Level 2 Certification based on the security requirements of the Texas Risk and Authorization Management Program (TX-RAMP). As part of the… Read More

June 20, 2024 @ 11:56 am By Michael Wong  |  

Celcoin, a player in the Banking-as-a-Service (BaaS) financial technology market in Brazil, has announced raising $125 million in its latest funding round led by global growth equity investor Summit Partners. The funding aims to bolster Celcoin’s expansion plans and reinforce its commitment to providing financial… Read More

June 20, 2024 @ 10:25 am By Omar Faridi  |  

Bluevine is reportedly laying off around 12% of its Israel-based workforce. Bluevine says it is on a mission to enable “a better financial future for small business owners through innovative banking solutions designed just for them.” By combining technology and security with their team’s expertise… Read More