Tagged: financial services

June 13, 2023 @ 2:28 pm By Omar Faridi  |  

American Express (NYSE: AXP) a new partnership with Request to Pay focused fintech startup, Bluechain in order “to help streamline the supplier payment process for small and medium sized enterprises (SMEs).” Invoice management can “be resource intensive for small business owners, especially when using multiple… Read More

June 13, 2023 @ 12:04 pm By Omar Faridi  |  

United State Bank has partnered with digital banking provider, Bankjoy in order “to deliver a world-class online and mobile banking experience for its account holders.” Founded in 1922 and based in Lewistown, Mo., United State Bank “serves the financial needs of retail customers and commercial… Read More

June 13, 2023 @ 8:53 am By Omar Faridi  |  

XMDS Holding, a European software company active in the field of fintech and faretech, has acquired KUARIO, the Dutch based self-service payment provider to complement its portfolio of mobile payments solutions, playing into the increasing use of self-service kiosks. Since its establishment in 1998, XMDS… Read More

June 13, 2023 @ 8:50 am By Omar Faridi  |  

Allica Bank claims it is one of the fastest UK fintechs to hit profitability – “becoming monthly profitable in June 2022, less than three years after securing a banking licence – and achieving a £3m pre-tax profit in the second half of the year.” Allica… Read More

June 12, 2023 @ 6:57 pm By Omar Faridi  |  

AMNIS Treasury Services AG (amnis), a Fintech company founded in 2014 with the objective of simplifying international banking for SMEs, has recently acquired the SME portfolio of FX-Consulting AG. With this strategic move, the two Zurich-based companies aim “to enhance their support for Swiss SMEs… Read More

June 12, 2023 @ 12:18 pm By Omar Faridi  |  

Financial institutions (FIs) that “run on a true SaaS platform bounce back from market disruption nearly 2.5x faster than their industry peers,” according to new research from cloud banking platform Mambu. The Turning turbulence into triumph report “examines how personal lenders, SME lenders and neobanks… Read More

June 12, 2023 @ 8:47 am By Omar Faridi  |  

B2B payment solutions provider Hokodo has announced the acquisition of a Lithuanian payments business, making it the first and, currently, only B2B Buy Now, Pay Later provider with a payments license. This acquisition is “part of Hokodo’s journey to make better payment options available to… Read More

June 12, 2023 @ 8:44 am By Omar Faridi  |  

AMLYZE, a RegTech company specializing in anti-financial crime solutions for FinTechs, neo-banks and crypto businesses, is pleased “to announce its strategic collaboration with Salt Edge, a leading open banking platform.” This commercial partnership “aims to enhance AMLYZE and Salt Edge’s client offering by leveraging both… Read More

June 12, 2023 @ 8:42 am By Omar Faridi  |  

PensionBee, an online pension provider, recently launched its State Pension Age Calculator, designed “to help savers evaluate if they can retire before they’re eligible to receive the State Pension.” The age people can “claim their State Pension has risen significantly since 2010 when the entitlement… Read More

June 12, 2023 @ 6:51 am By Omar Faridi  |  

Mitek (NASDAQ: MITK), whose mission is to make digital access faster and more secure, has named experienced banking veteran Kerry Cantley Vice President of Digital Banking Strategy. Cantley brings “a distinguished 30-year career in the financial services industry to Mitek.” Most recently, she “was Senior… Read More

June 11, 2023 @ 6:54 pm By Omar Faridi  |  

Tonik recently revealed that it’s pleased to announce that they have successfully “onboarded over 1 million users since they launched in March 2021.” According to Tonik, this is such a momentous occasion for them “because it is solid proof of our significant contribution to improving… Read More

June 11, 2023 @ 6:38 pm By Omar Faridi  |  

nocnoc, the facilitator of cross-border eCommerce between global sellers and Latin America, today announced that it has secured $14 million in Series A funding, “led by PayPal Ventures with participation from Mouro Capital, Quona Capital, Caravela Capital, Broadhaven and Ignia.” The funding from the investment… Read More

June 11, 2023 @ 6:17 pm By Omar Faridi  |  

Just one month after its public launch in Mexico on May 4th, one million people already have Cuenta Nu – which is the local digital account and second financial product of Nu Mexico, Nubank’s (NYSE: NU) subsidiary in the country. The rapid growth of the… Read More

June 10, 2023 @ 5:44 pm By Omar Faridi  |  

Shape Technologies has reportedly introduced its payments-platform-as-a-service (PPaaS) provider, developed to support merchant-facing interfaces. The customizable PPaaS platform offers services for various payments-focused business, such as acquirers, payment facilitators, payment gateways, independent sales organizations as well as other businesses. Shape’s PPaaS’ modular architecture enables its… Read More

June 10, 2023 @ 4:36 pm By Omar Faridi  |  

Mastercard (NYSE: MA) and NAPS, a Moroccan fintech company, have announced a collaboration to develop various payment solutions for individuals as well as business organizations. The new partnership aims to consolidate the solid historical relationship between the two entities. NAPS says it is on a… Read More

June 10, 2023 @ 12:26 pm By Omar Faridi  |  

After 9 years at the company, N26’s Chief Growth Officer, Alexander Weber, will be leaving his role at the end of June “to pursue his own entrepreneurial journey.” Having joined N26 in 2014 as one of its first team members, Alexander has “been an important… Read More

June 10, 2023 @ 12:25 pm By Omar Faridi  |  

Maybank recently launched its cross-border QR payment service for Maybank customers travelling to Singapore, Indonesia, and Thailand as they can now make cashless and instant payment transactions via the MAE app. Similarly, incoming tourists from these countries “will also be able to make cashless payments… Read More

June 9, 2023 @ 3:13 pm By Omar Faridi  |  

In recent years, Danske Bank has made fundamental changes to the bank, resulting in a more focused business with a reduced risk level and a strengthened organization. Simultaneously they have “focused on strengthening our commercial momentum, and Danske Bank is on a clear trajectory to… Read More

June 8, 2023 @ 11:32 pm By Omar Faridi  |  

C6 Bank announces that its new carbon footprint product which launched last month running on Thought Machine’s cloud-native core banking technology, Vault Core, has offset more than 900 tonnes of carbon. ‍The carbon footprint offering, “built at record speed in under six months, makes C6… Read More

June 8, 2023 @ 5:20 pm By Omar Faridi  |  

AP+ reportedly says that it welcomes the Australian Federal Government’s Strategic Plan for Payments System. Australian Payments Plus (AP+) confirms that it “supports the Government’s Strategic Plan for the Australian Payments System.” According to an update shared with CI, the plan is critical “for driving… Read More