Tagged: fintech adoption

October 12, 2023 @ 9:08 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant has unveiled a treasure-trove of 13 new products as part of its Spotlight Fall launch. Shopping lens, the flagship new feature, “allows shoppers to take a picture of things and styles in their surroundings, instantly find… Read More

October 12, 2023 @ 6:08 am By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, introduced its latest product innovations at Stripe Tour Singapore. Stripe products are positioning businesses of all sizes in Southeast Asia “to take advantage of surging consumer demand in the region for online goods and services.” A recent Stripe… Read More

October 11, 2023 @ 6:16 pm By Omar Faridi  |  

Razorpay introduces what it claims is India’s “first” AI-powered payments Infinity Router – Razorpay Optimizer. Razorpay designed this solution “to help you make the smartest routing decisions when working with multiple payment gateways.” Using the Razorpay solution, businesses can “set up their own rules to… Read More

October 11, 2023 @ 10:37 am By Omar Faridi  |  

Kushki, the payments technology company that connects Latin America through payments, is announcing that it has become the first next-generation merchant acquirer in the region. This includes primary membership with Visa and Mastercard in Mexico, Chile, Peru and Colombia through “a partnership, all delivered through… Read More

October 11, 2023 @ 10:34 am By Omar Faridi  |  

As Klarpay moves past Q3 2023, they have reflected on their recent achievements and upcoming endeavors. Klarpay claims that it has been dedicated “to expanding its services and fostering corporate social responsibility.” Klarpay further claims that it has “become a participant in the SEPA Core… Read More

October 11, 2023 @ 8:23 am By Omar Faridi  |  

One million VRP transactions have been made by UK consumers in just a month and have been powered by TrueLayer. Moving money, simplifying savings, automating credit repayments — whatever it is, variable recurring payments are growing, according to an update from TrueLayer. The company also… Read More

October 10, 2023 @ 9:47 pm By Omar Faridi  |  

Koan Advisory Group, a New Delhi-based public policy consulting firm released a report titled “Transit Payments in India – A Case for Choice and Interoperability.” The study highlights that India’s public transit systems should “allow integrated fare payments across different modes of transit, to provide… Read More

October 8, 2023 @ 2:23 pm By Omar Faridi  |  

Tracxn, a global SaaS-based market intelligence platform, has released its Geo Quarterly Report: FinTech US – Q3 2023. The report, based on Tracxn’s extensive database, provides insights into the US FinTech space. The US Fintech sector continues to be the highest-funded Fintech startup ecosystem “on… Read More

October 8, 2023 @ 1:37 pm By Omar Faridi  |  

Oxygen, an innovator in the financial technology industry, announced a series of executive hires. These appointments come at a time of “significant” transformation for Oxygen. With a commitment to strengthen its leadership team and provide financial solutions to the marketplace, the company continues “to prioritize… Read More

October 7, 2023 @ 3:34 pm By Omar Faridi  |  

NatWest has launched a new transaction categorization service called Enriched Transactions, which is available to businesses, such as Account Information Service Providers (AISPs) and lending providers, to integrate with their apps and digital platforms. By making the API-enabled service available to businesses, NatWest claims it… Read More

October 7, 2023 @ 3:31 pm By Omar Faridi  |  

Fintechs Canada launched the “Choose More” campaign, an initiative to raise awareness of how our financial sector could better serve Canadian consumers and businesses. The campaign is a response to the significant financial strains Canadians are experiencing: Canadians are paying thousands of dollars in banking… Read More

October 6, 2023 @ 8:39 am By Omar Faridi  |  

Tracxn, a global SaaS-based market intelligence platform, has released its Geo Quarterly Report: FinTech UK – Q3 2023. The report, based on Tracxn’s extensive database, provides insights into the UK FinTech space. The UK Fintech startup ecosystem “ranks third in terms of overall funding, after… Read More

October 5, 2023 @ 11:55 pm By Omar Faridi  |  

A spending downturn in the retail and e-commerce sector drove a $2.9 billion YoY nation-wide drop in online spending, according to the Q3 Digital Economy Index from global financial platform Airwallex. The quarterly Airwallex Digital Economy Index “records year-on-year and quarter-on-quarter snapshots of the digital… Read More

October 5, 2023 @ 10:53 pm By Omar Faridi  |  

Toronto-based fintech Clearco announced the completion of multiple actions to recapitalize its business and solidify its position as the leading provider of growth capital to e-commerce businesses. The transactions include “a $60M equity raise from existing investors and a new asset-backed financing facility, which provides… Read More

October 5, 2023 @ 10:26 pm By Omar Faridi  |  

Vyzer, a digital wealth management platform, has successfully raised a Seed round of $6.3 million from leading VCs, angel investors, and family offices including iAngels, Guy Gamzu, MonetaVC, Jonathan Kolber and Rafi Gidron. Leveraging AI technology, Vyzer transforms data “into potent wealth-building strategies and grants… Read More

October 5, 2023 @ 10:23 pm By Omar Faridi  |  

Fiserv, Inc. (NYSE: FI), a global provider of payments and financial services technology solutions, has expanded its longstanding relationship with Swift by joining the Swift Partner Program as a Platform Partner. As a Partner, Fiserv will “enable connectivity to Swift APIs and enhance support for… Read More

October 5, 2023 @ 10:25 am By Omar Faridi  |  

Brite Payments, a firm focused on instant bank payments, announced a $60 million funding round led by specialist B2B software investor Dawn Capital and joined by Headline and existing investor Incore. Brite leverages open banking to offer businesses easy-to-integrate, instant account-to-account (A2A) payments and payouts…. Read More

October 5, 2023 @ 9:42 am By Omar Faridi  |  

Digital bank Revolut has reportedly made a deal with primary backer SoftBank on a change to the latter’s shareholding, a strategic move that will clear away a significant barrier in the fintech firm’s pursuit of a UK banking license. The Bank of England’s Prudential Regulation… Read More

October 4, 2023 @ 10:20 pm By Omar Faridi  |  

Virtual cards, also known as temporary cards, are defined by the researchers at Juniper Research as “randomly generated and generally temporary card number linked to a payment account, used to process payments in lieu of genuine payment details.” A virtual card is “a payment tool… Read More

October 4, 2023 @ 9:16 pm By Omar Faridi  |  

Splitero, the financial technology company that provides homeowners better options to access their home equity, announced the launch of its new real estate brokerage and affiliate company, Splitero Homes. As a home equity partner, Splitero has a vested interest in helping homeowners get the best… Read More