Tagged: financial services

July 9, 2022 @ 5:39 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, announced that Revolut will use Stripe “to support payments in the UK and Europe and accelerate its expansion into new markets.” Founded in 2015, Revolut has rapidly “become one of Europe’s great fintech success stories.” After launching in… Read More

July 9, 2022 @ 3:08 pm By Omar Faridi  |  

Wyre, a crypto infrastructure provider, announced an integration with the global on/off-ramp service for digital wallets launched last month by MoneyGram, a key player in the evolution of digital P2P payments, on the Stellar network. This service was introduced with support from the Stellar Development… Read More

July 8, 2022 @ 7:17 pm By Omar Faridi  |  

FSS Technologies Singapore Pte Ltd., a provider of banking and payment tech solutions, announced a partnership with ACLEDA Bank, Cambodia’s largest commercial bank, in a multi-product deal “to consolidate and digitally transform its nation-wide merchant operations and automate its terminal monitoring, reconciliation and settlement processes.”… Read More

July 8, 2022 @ 8:22 am By Omar Faridi  |  

TrueLayer, which claims to be Europe’s “leading” Open Banking platform, and wealth-building app Chip, recently announced their collaboration, “delivering an improved customer experience through dramatically faster account payments.” Chip offers a variety of options “to make saving effortless through an approach that’s tailored to each… Read More

July 7, 2022 @ 4:47 pm By Omar Faridi  |  

FNB Community Bank and Teslar Software announced their partnership “to streamline and automate lending processes.” The community bank is leveraging Teslar’s tracking and loan management software “to save time and increase operational efficiencies, freeing lenders to focus on the borrower experience.” Bill Croak, president and… Read More

July 7, 2022 @ 4:02 pm By Omar Faridi  |  

Kueski, which claims to be one of the largest buy now, pay later (BNPL) and online consumer lenders in Latin America, announced the appointment of Sung Hae Kim as the company’s Chief People Officer. Kim’s main objectives are “to promote Mexico as a technology and… Read More

July 7, 2022 @ 8:07 am By Omar Faridi  |  

HM Treasury had introduced a consultation in July of last year, entitled “Amendments to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 Statutory Instrument 2022.” This consultation outlined how the UK Government intended “to amend the UK’s Money… Read More

July 7, 2022 @ 7:22 am By Omar Faridi  |  

Revolut, the super-app with over 18 million retail customers globally and more than 500,000 corporate clients, is offering Revolut Reader in the United Kingdom and Ireland. A “fast” and ‘powerful” lightweight card reader, the new product is designed “to allow merchants of all kinds to… Read More

July 7, 2022 @ 7:16 am By Omar Faridi  |  

UK-based business financial platform Tide has teamed up with Transcorp International Limited in order to issue prepaid cards intended for SMEs across India. The co-branded Tide Expense Cards should be introduced as an entry product, supported by India‘s card payment network, Rupay. The Tide app… Read More

July 6, 2022 @ 9:20 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has appointed six directors as it “expands its headcount to meet a growing remit and to achieve its ambitious strategy, which launched in April.” The appointments announced recently, which fill a mix of new and existing roles, “draw on… Read More

July 6, 2022 @ 4:08 pm By Omar Faridi  |  

Paytrail and Mastercard’s (NYSE: MA) partnership via Aiia, an Open Banking platform, is now supporting over 1 million open banking payments every month. Paytrail and Aiia have reportedly been working together since 2019, as they focus on supporting Open Banking enabled payments via digital commerce… Read More

July 6, 2022 @ 10:57 am By Omar Faridi  |  

Quirk, the new finance app developed for Gen Z consumers, has been introduced to the wider public this week after managing to reach 10,000 beta users. The app’s developers are offering this “financially-neglected” generation their “best” way to get on top of their finances and… Read More

July 4, 2022 @ 3:49 pm By Omar Faridi  |  

Brazil’s C6 Bank clients can now make 100% free Pix Saque and Pix Troco transactions across the country. The new functionality “allows operations like these to be carried out in commercial establishments and lottery houses, not just at ATMs, making life easier for users.” Maxnaun… Read More

July 4, 2022 @ 3:47 pm By Omar Faridi  |  

Paysafe (NYSE: PSFE), a specialized payments platform, recently announced its entry into the Arkansas mobile sports-betting market through a partnership with BetSaracen, the sportsbook app from Saracen Casino Resort in Pine Bluff, Arkansas, which is “owned by the Quapaw Tribe, based in Oklahoma.” The partnership’s… Read More

July 3, 2022 @ 10:11 pm By Omar Faridi  |  

Global Processing Services (GPS), a global payment tech platform, recently announced the promotion of Joanne Dewar to Vice Chair. Kevin Schultz has also “been appointed as Chief Executive Officer, effective immediately.” Joanne will “maintain her position on the GPS board, where she will focus on… Read More

July 3, 2022 @ 9:07 pm By Omar Faridi  |  

Virtual banking tech provider Amount is the latest Fintech firm to trim down its workforce, reducing its employee headcount by around 18%, according to a recent report from TechCrunch. Amount offers retail banking and point-of-sale tech to customers such as Banco Popular, HSBC, Regions Bank… Read More

July 3, 2022 @ 8:22 pm By Omar Faridi  |  

Minna Technologies has announced a partnership with Steven, the financial health app touted as the “best way” to keep track of shared expenses and the “best app” for settling debts among friends and family members, by simplifying debts and reminding yourself and friends when to… Read More

July 3, 2022 @ 7:07 pm By Omar Faridi  |  

Transact365, a UK-headquartered payments platform supporting merchants across the world, has recorded 300% YoY growth during its third year of European business operations. Established in 2017, Transact365 provides an international payments solution platform for merchants in major industries. With head offices in London, Transact365 currently… Read More

July 3, 2022 @ 1:17 pm By Omar Faridi  |  

Finastra recently unveiled its embedded consumer lending solution, “enabling access to traditional regulated lending options for consumers at point-of-sale (POS).” Financial institutions, distributors and merchants will “benefit from a platform that makes it easy for their customers to access lending options.” For end consumers, Finastra… Read More

July 3, 2022 @ 12:39 pm By Omar Faridi  |  

Stake, which offers Cash Back and banking services to renters, announced the completion of its $12 million Series A round. With Stake, renters earn Cash Back when they “take positive actions, like signing a lease and paying rent.” Owners save money “with every renter action.”… Read More