Tagged: fintech adoption

Global Payments Fintech SumUp Acquires US Payments and Marketing Platform, Fivestars

SumUp, the London-headquartered payments service provider with more than 2,800 employees across three continents, confirms its acquisition of Fivestars, which is one of America’s largest two-sided local commerce networks that “combines a marketing platform with integrated payments.” SumUp has reportedly paid $317 million for the… Read More

Broadway Technology Appoints Fintech Industry Professionals as Part of Business Expansion Efforts

Broadway Technology, a provider of high-performance front-office solutions, reveals that it has hired two Fintech industry professionals as part of its efforts to expand its international business development team. Broadway Technology noted that they continue to make investments in top industry talent in order to… Read More

Global Fintech Moneybrain Joins Visa’s Fintech Fast Track Program

Moneybrain, an international Fintech platform, reveals that it has joined Visa’s Fintech Fast Track program, in order to accelerate the process of integrating with Visa and “allowing Moneybrain to more easily leverage the reach, capabilities, and security that Visa’s global payment network offers.” As mentioned… Read More

Working Capital Fintech Demica Partners with Standard Chartered to Improve Access to Bank’s Supplier Finance Program

Standard Chartered (LON: STAN) is teaming up with Demica, a major Fintech focused on working capital solutions, in order to streamline access to the bank’s supplier finance program,  allowing easier enrolment for suppliers via an online portal while providing a seamless experience for the Bank’s… Read More

UK Proptech Goodlord Acquires Fintech acasa to Increase Range of Services it Provides to Letting Agents

UK-based Proptech Goodlord, the lettings tech and services platform, has reportedly acquired the Fintech app provider, acasa, in order to wider the range of services it provides to letting agents and their landlords and tenants. As first reported by Mortgage Introducer, acasa is a Fintech… Read More

As Alternative Payments Adoption Increases, Banks Must Also Offer Efficient Options: Report

Payments are entering a new “experience-driven” era (Payments 4.X1), “ushered in by an accelerated transformation timeline” because of the Coronavirus crisis and the increasing virtual appetite of clients, according to the World Payments Report 2021 released by Capgemini. As noted in a release: “With the… Read More

European Paytech Nexi Makes Firm Commitment to Net-Zero Emissions by 2040

Nexi, the European Paytech firm, has reportedly obtained approval for its CO2 emissions reduction targets for Nexi in Italy by the Science Based Target initiative (SBTi) – the global network born from the collaboration between WRI, CDP, WWF and the United Nations Global Compact. In… Read More

Asian Fintech WeLab Introduces Subscription Program for Buying Apple Products

WeLab, an established Fintech firm in Asia, has introduced an innovative subscription program for buying Apple products with Apple authorized resellers, Subscribe+ for Apple Products. Clients are able to purchase Apple products via the subscription program using the newly launched WeLab Pay that’s powered by… Read More

Virtual Banking: Fintech Firm 11Onze Signs Up Catalans to their First Community Digital Bank Accounts

Thousands of Catalan residents celebrated the launch of the first community virtual bank account, El Canut, by registering to open a new account on October 1, 2021 – which is an important date on the Catalan calendar, as it marks the anniversary of the independence… Read More

Qatar Fintech Hub Publishes International Report on State of Fintech in MENA Region

Qatar Fintech Hub (QFTH), established by the Qatar Development Bank (QDB) to support the growth of the Fintech industry in the Middle Eastern country, published its first whitepaper on the current state of the fast-evolving Fintech ecosystem in the MENA region. Titled “From Qatar to… Read More

UK Fintech 10x Banking Is Working with Chase to Create a Modern Technology Platform

Chase has teamed up with 10x Banking, the UK-headquartered Cloud-native banking tech business, in order to create a modern technology platform that has “powered Chase’s entry into the UK retail banking market.” During the last two years, 10x and Chase have been working cooperatively to… Read More

London’s Money Transfer Fintech TransferGo Acquires $50M via Series C

Money transfer Fintech firm TransferGo has acquired $50 million in capital in order to support its digital payments transformation efforts. Focusing on enhancing global funds transfers, TransferGo‘s Series C investment round was reportedly led by Elbrus Capital Fund III and Black River Ventures. The fundraise… Read More

Digital Banking Platform Revolut Explains How Consumers Can Save on Cross-Border Transfers

Digital banking platform Revolut notes in a blog post that as you might already know, sending funds abroad with traditional banks can be quite costly and very slow. The fees may be really high and transactions may often take at least several business days to… Read More

Fintech Australia Introduces Tool for Early-Stage Fintechs Planning to Expand Operations in the Country

Fintech Australia has released a tool for early-stage Fintechs and international financial tech platforms expanding into Australia, providing guidance on financial services licensing in Australia and “which government bodies are responsible for managing them.” Created with assistance from law firm K&L Gates and Austrade, the… Read More

Fintech Fund Launched by Banking Institutions in Egypt to Support Nationwide Digital Transformation Strategy

Three Egypt-based banking institutions will be establishing a 1 billion Egyptian pound Fintech fund (appr. $63.6 million) in order to offer support to Fintech firms (starting October 2021). The three banking institutions include the National Bank of Egypt, Banque Misr, and Banque du Caire, along… Read More

Digital Transformation: First National Bank of Manchester Selects Finsatra’s Core Banking Solution

Finastra revealed on Wednesday (September 29, 2021) that First National Bank of Manchester (FNBM) has chosen Fusion Phoenix as its Core banking solution to “best serve its account holders and grow the bank.” As mentioned in a release, the decision represents “an upgrade from its… Read More

Citi Launches Dedicated Technology Hub in Bahrain to Support Fintech, Digital Economy Initiatives

Citi (NYSE:C) has introduced a dedicated technology hub in Bahrain in order to develop its digital-first platforms. Citi’s management confirmed on September 27, 2021 (Monday) that they are establishing an international tech hub at their Bahrain offices. According to a report from Reuters, the tech… Read More

Pakistani Digital Banking Fintech Tag Acquires $12M via Round led by Liberty City Ventures

Pakistan-based virtual banking platform Tag has acquired more than $12 million in capital as part one of the largest seed rounds in Southeast Asia. With the capital injection, Tag’s valuation now stands at $100 million, with the firm managing to finalize the fundraising deal within… Read More

UK Fintech Modulr to Bring Fast-Tracked Financial Technology to Europe with Netherlands Expansion

Fintech firm Modulr has now opened business offices in the Netherlands, which will serve as “the springboard for its EU-wide expansion in 2022 and 2023.” Following steady business growth in the United Kingdom during the last 5 years, Modulr is expanding rapidly, putting significant investment… Read More

Fintech Firm Numerated to Offer Digital Lending Platform to Independent Bank

Numerated (NASDAQ: IBCP), the Fintech firm that’s making business banking easier for financial institutions and their customers, reveals that it has teamed up with Independent Bank, a $4.5 billion community bank with over 60 locations across Michigan’s lower peninsula. Through their partnership, Independent Bank will be… Read More

Send this to a friend