Tagged: fintech adoption

TRIVER and Experian to Boost Lending to SMEs

Businesses looking for short-term capital can access funding in rapid time thanks to a new partnership between Experian and alternative lender, TRIVER. TRIVER aims to enhance the SME lending process “by underwriting the risk of small business borrowing quickly and easily, providing advances on business… Read More

Iberpay and Santander Announced As Inaugural Participants in One-Leg Out Instant Credit Transfer Scheme

Iberpay and Santander are the inaugural participants in the One-Leg Out (OLO) Instant Credit Transfer (OCT Inst) scheme. Iberpay will act as a Clearing and Settlement Mechanism (CSM) “for OCT Inst transactions via Santander, and will also “be a scheme participant in the role of… Read More

United Fintech Strengthens Presence with Opening of New Location in Dubai International Financial Centre (DIFC)

United Fintech is increasing its global presence with the opening of a new location in the Dubai International Financial Centre (DIFC). This strategic expansion into the UAE, “spearheaded by Athena, one of United Fintech’s partner companies, is a response to robust market demand and underscores… Read More

Backbase Engagement Banking Platform Leveraged By OCB to Launch Modern Financial Services

Backbase, the global enabler of Engagement Banking, Orient Commercial Joint Stock Bank (OCB), a private bank in Vietnam, together with SmartOSC, the digital enabler, announce the go-live of the Backbase Engagement Banking Platform to launch OCB’s OMNI 4.0 app. The OCB OMNI 4.0 version reportedly… Read More

Fintech FloQast and PwC Australia to Enhance Financial Transformation Offerings

FloQast announced a consulting relationship with PwC Australia, a global consulting firm. The alliance combines FloQast’s advanced Finance and Accounting Operations Platform with PwC Australia’s deep industry expertise “to transform key accounting and finance operations, including the financial Close, compliance management, and internal controls.” Today’s… Read More

Fintech Dwolla and Visa Streamline Pay By Bank Experience for Enterprise Businesses

Dwolla, a U.S.-based account-to-account (A2A) payment solution provider, today announced its strategic collaboration with Visa (NYSE: V), an enabler of digital payments, in order to bring advanced account verification capabilities to Dwolla’s A2A solution. This relationship enhances Dwolla’s ability to provide “a single, streamlined solution for… Read More

Banking Circle Assists Small Banks with Complying with European Union SEPA Instant Mandate

With less than 8 months until 9th January 2025 deadline, Banking Circle delivers plug and play solution to help smaller financial institutions On 7th February 2024 the European Parliament mandated “that instant payments (in less than 10 seconds) should be the de facto standard for… Read More

MENA Region’s Emirates NBD to Enhance Merchant Acquiring Solutions via Pine Labs Partnership

Emirates NBD, which is one of the banking groups in the MENA and Turkey region, has partnered with Pine Labs, a merchant commerce omnichannel platform, to ensure that companies across the region have access to the latest, and best, payment solutions. As part of its… Read More

Digital Transformation: Visa Introduces Payments Products for Global Economy

The way people pay and get paid has changed more in the past five years than in the last 50, according to an update from Visa (NYSE: V). Consumers have evolved, adapting to new payment experiences – “from the advent of embedded, digital commerce to… Read More

Global Payments Fintech Adyen Tapped By Cotti Coffee for Overseas Business Expansion

Adyen (AMS: ADYEN), the financial technology platform of “choice” for companies, announces a partnership with Cotti Coffee for their global expansion, bringing their brews to customers in Canada, Australia, Japan, Singapore, and their newest market – the United Arab Emirates. The coffee chain, which is… Read More

AvidXchange, an AP Automation Software and Payments Solution for Middle Market Firms, Reports Steady Business Growth

AvidXchange Holdings, Inc. (Nasdaq: AVDX), a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers,  announced financial results for the first quarter ended March 31, 2024. Michael Praeger, Chief Executive Officer & Co-Founder of AvidXchange, said: “We… Read More

Digital Banks: Potentially Higher Interest Rates, Lower Fees Lead to New Clients Flocking to Online-Only Direct Banks

Mr. Potter Banker Banking (1)

Driven by the prospect of higher interest rates, lower fees, and around-the-clock access, new customers flocked to digital banks during the past year. This, according to research and key findings shared in a new banking sector report. For the most part, the direct banking institutions… Read More

Global Payments Fintech Remitly Appoints Ronit Peled to Key Role

Remitly is pleased to introduce our new Chief People Officer, Ronit Peled. Remitly is an international payments company that “leverages digital channels, including mobile phones, to send money internationally.” Remitly’s digital products are said to be “fundamentally faster, less expensive, and far more convenient for… Read More

Venmo Small Business Grant Now Accepting Applications to Accelerate Growth of Small Businesses

Venmo announced the third Venmo Small Business Grant, a program for small businesses that will provide financial grants and mentorship to 10 Venmo business profile users. In the program’s third year, selected businesses will each “receive $20,000 for expenses, such as rent, supplies, marketing, or… Read More

Fintech Nium and Emirates NBD to Streamline Cross-Border Payments in the Middle East

Nium, the global enabler of real-time cross-border payments, announced a partnership with Emirates NBD, a banking group in the MENA and Türkiye region, to empower customers with a cutting-edge global payments solution that will aim to “redefine the financial services landscape in the Middle East… Read More

Digital Commerce: Checkout.com Introduces Solution to Boost Conversion Online, Enhance Checkout Process

Checkout.com, a global digital payments provider, launched its latest product designed for global enterprises. Flow’s customizable building blocks “help businesses present the right payment methods to the right customer at the right time, enter new markets by easily integrating new payment methods, and improve security… Read More

Fintech Pomelo and Thunes to Enhance Cross-Border Finance with Credit-based Digital Wallet Solution

Thunes, a global money movement innovator, has joined forces with Pomelo, a credit-powered remittance company and credit card issuer, to introduce a groundbreaking international money transfer solution from the United States to the Philippines. This strategic partnership transforms the way remittances “are handled via Thunes’… Read More

Fintech Setu Unveils Large Language Model (LLM) for BFSI Sector

Setu, an Indian Fintech company, unveiled Sesame – India’s “first” Large Language Model (LLM) specifically designed for the BFSI (banking, financial services and insurance) sector. Developed by Setu in collaboration with indigenous AI research firm Sarvam AI, this breakthrough marks a “ChatGPT Moment” in the… Read More

BNPL Fintech Affirm’s Stock Sinks After Solid Earnings

Affirm (NASDAQ: AFRM), a Fintech focused on BNPL services, delivered another set of solid results/earnings in their third fiscal quarter. Affirm is reporting $6.3 billion in gross merchandise volume (GMV). The Fintech firm is reporting $576 million in revenue, $231 million in revenue less transaction… Read More

Fintech EBANX and Yes Bank to Support Cross-Border Commerce in India

Yes Bank, a private sector bank in India, and EBANX, a global fintech company specialized in payment solutions for emerging markets, announced a strategic partnership for payment processing in India, for the global digital economy. This collaboration represents a significant milestone in the digital payments… Read More

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