Tagged: digital financial services

October 18, 2024 @ 7:40 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, has signed an agreement with a subsidiary of funds advised by Elliott Advisors (UK) Limited for the on-going sale of “substantially all” of Klarna’s short-term, interest free product receivables in the United Kingdom. Klarna will still… Read More

October 18, 2024 @ 7:39 am By Omar Faridi  |  

Almost half (49%) of small businesses in the UK stated that they have not benefited in some way from falling inflation this year, according to a new poll commissioned by iwoca — one of Europe’s SME lenders. The research study, which comes ahead of the… Read More

October 16, 2024 @ 7:30 am By Omar Faridi  |  

Klarna is reporting a growth milestone in its company history: more than 100,000 retail partners were added since the month of August 2023, expanding its total network to 600,000+ merchants. Merchants—large and small—are now reportedly choosing Klarna because the network creates a good customer experience… Read More

October 14, 2024 @ 4:04 pm By Omar Faridi  |  

Robinhood (Nasdaq: HOOD) has introduced a new “visual identity” that aims to reflect Robinhood’s growth and vision for the foreseeable future. When Robinhood was first established, they claim to have set out to build a platform that gives everyone improved access to the financial markets. During… Read More

October 14, 2024 @ 8:12 am By Omar Faridi  |  

Klarna, an AI-powered global payments network and shopping assistant, has released data on its launch of cashback. In the six weeks since launch: 506,378 Klarna shoppers have earned $2.7m dollars in cashback. Klarna merchants have given cashback on $98.4m worth of sales. Over 1,000 cashback… Read More

October 12, 2024 @ 11:00 am By Omar Faridi  |  

ClearBank, the enabler of real-time clearing and embedded banking, announced it has now onboarded its first European clients to the Eurosystem’s payment rail, T2. The fintech clearing bank welcomes OpenPayd, Pay Perform (which trades as Orbital), and Transact Payments, which will all benefit from real-time… Read More

October 11, 2024 @ 4:40 pm By Omar Faridi  |  

Checkout.com, a digital payments provider, announced a partnership with Octopus, Hong Kong’s “homegrown” global fintech, in order to enable online payment for customers of Hong Kong’s leading payment choice – becoming the global payment service provider (PSP) to add Octopus as a payment option at… Read More

October 5, 2024 @ 8:40 am By Omar Faridi  |  

ZEN.COM, a European fintech company, has partnered with ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, to secure their UK Electronic Money Institution (EMI) license. This partnership reinforces their commitment to providing customer-centric financial solutions in the UK fintech market. As… Read More

October 4, 2024 @ 9:45 am By Omar Faridi  |  

Zūm Rails, the company merging open banking and instant payments,  announced it is leveraging embedded finance solutions from Fiserv (NYSE: FI), which is a provider of payment and financial technology, in order to enable digital transactions and financial services for US-based businesses. With Fiserv as… Read More

October 3, 2024 @ 6:15 am By Omar Faridi  |  

Feedzai, a provider of risk management and fraud prevention solutions, and PwC, a global consulting firm, have joined forces to establish a Center of Excellence (CoE) dedicated to fighting financial crime. This partnership enhances the delivery of solutions to financial institutions, enabling them to protect… Read More

October 2, 2024 @ 7:50 am By Omar Faridi  |  

Consumer financial technology company, Chime, which claims to offer the most “loved” banking app, announced that its fee-free overdraft feature, SpotMe, has covered its members with more than $30 billion in transactions since the product launched in 2019. SpotMe empowers everyday people to Unlock Financial… Read More

September 30, 2024 @ 9:09 pm By Omar Faridi  |  

Fintech firm TrueLayer recently shared its FY2023 report. TrueLayer has reported £12 million of revenue and £55 million in total losses for this financial period. Truelayer is Europe’s open banking network, enabling service providers to onboard users, accept money and carry out payouts within a… Read More

September 30, 2024 @ 9:08 pm By Omar Faridi  |  

LiveFlow has reportedly raised a $13.5 million Series A round in order to modernize accounting and inspire the next generation of accountants. Lasse Kalkar, CEO, LiveFlow noted that the accounting industry is undoubtedly facing major challenges, with “one of the most pressing being a severe… Read More

September 29, 2024 @ 6:14 pm By Omar Faridi  |  

Citigroup Inc. (NYSE: C) and Apollo (NYSE: APO) announced that they have entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential… Read More

September 29, 2024 @ 5:54 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced that it has signed a Multi-Country Model Bank development agreement with Bahwan CyberTek (BCT), a global digital transformation company. Temenos Country Model Banks offer financial institutions a faster go-live experience with Temenos solutions, “while simultaneously reducing costs and risks through pre-configured… Read More

September 29, 2024 @ 1:02 pm By Omar Faridi  |  

Backbase is pleased to announce a major expansion of the Engagement Banking Platform with the introduction of the Intelligence Fabric layer, a powerful set of data and AI infrastructure and development capabilities that are now natively embedded in the platform. This groundbreaking launch is set… Read More

September 27, 2024 @ 2:36 pm By Omar Faridi  |  

Checkout.com, a digital payments company, announced several new product updates at its global enterprise customer event, Thrive, held in Barcelona, Spain. The company offers a suite of modular payment solutions “that help businesses reduce the complexity and cost of payment processing while increasing performance and… Read More

September 26, 2024 @ 3:20 pm By Omar Faridi  |  

Nu Asset Management, Nubank’s (NYSE: NU) investment fund manager, announces the launch of Nu Ibovespa B3 BR+ (NBOV11), the first ETF on the market indexed to Ibovespa B3 BR+. The new fund is now available for trading on B3. The Ibovespa B3 BR+ is a… Read More

September 19, 2024 @ 9:54 am By Omar Faridi  |  

Brex, the corporate card and spend management platform for startups and enterprises, announced Brex Embedded payments – a new API-driven payments solution that makes it easy for B2B software vendors to accelerate customer workflows with Brex virtual cards. By integrating with providers across categories like… Read More

September 19, 2024 @ 9:18 am By Omar Faridi  |  

 Capchase, a provider of revenue acceleration solutions for SaaS, is announcing a strategic partnership with Stripe, a financial infrastructure platform for businesses. This partnership makes Capchase’s buy-now-pay-later (BNPL) solution “available within Stripe.” This marks Stripe’s first-ever B2B BNPL payment method “offering in the U.S. market.”… Read More