Tagged: fintech adoption

February 29, 2024 @ 9:28 pm By Omar Faridi  |  

Eazy Financial Services (EazyPay), a Bahraini financial institute specialized in Point-of-Sale (POS) and online payment gateway acquiring services, has joined forces with Visa (NYSE: V), a global leader in digital payments, in order “to enable Visa Direct, a cutting-edge funds transfer solution for EazyPay’s customer… Read More

February 28, 2024 @ 12:31 pm By Omar Faridi  |  

Backbase says that Alacriti, a cloud-based payments and money services provider, will integrate its payments hub solution into the Backbase Engagement Banking Platform. Through this partnership, Backbase clients will be “able to offer instant payment capabilities to their customers. Backbase, leveraging Alacriti’s Orbipay Payments Hub, will… Read More

February 28, 2024 @ 7:51 am By Omar Faridi  |  

BNP Paribas (EPA: BNP) and Citi (NYSE:C) have become the first institutional investors in United Fintech Group Limited, a neutral Digital Transformation Platform, as part of a strategic investment round led by Citi. United Fintech is also in advanced talks “with other leading strategic investors… Read More

February 27, 2024 @ 8:00 am By Omar Faridi  |  

Saldo Bank, which is starting its operations in Sweden, offers an interest rate of as much as 5% for a year’s deposit. Jarkko Mäensivu, the CEO of Saldo Bank, said: “We want to increase fairness in fixed-term deposits.” The digital neobank with a Finnish background,… Read More

February 26, 2024 @ 9:39 pm By Omar Faridi  |  

The Asian Development Bank (ADB) has announced recently that it approved a $23 million loan to enhance access “to quality fintech education, research, and innovation at the Gujarat International Finance Tec-City (GIFT) in India.” As stated in a blog post, GIFT is a state-owned enterprise… Read More

February 26, 2024 @ 7:52 am By Omar Faridi  |  

Ebury, one of the largest fintech companies specializing in transactions for SMEs, announced its partnership expansion with Nium, the enabler of real-time global payments, to deliver a groundbreaking global remittance service in Brazil. The announcement follows regulatory “approval of Ebury’s acquisition of Brazilian fintech Bexs,… Read More

February 25, 2024 @ 5:53 pm By Omar Faridi  |  

Zilch, the ad-subsidized payments network (ASPN), today announces the launch of a new credit payment product, allowing its customers to spread interest-free repayments for larger purchases over three months. The new ‘Pay over 3 months’ product will aim to “provide more flexibility to customers and… Read More

February 22, 2024 @ 8:29 pm By Omar Faridi  |  

Green Dot Corporation (NYSE: GDOT), a digital bank and fintech providing seamless banking and payments services to consumers and businesses, announced a new partnership with Dayforce, Inc. Through this partnership, Green Dot will serve “as the U.S. banking provider for Dayforce Wallet, the HCM company’s… Read More

February 22, 2024 @ 6:53 pm By Omar Faridi  |  

PhonePe announced the consumer launch of its Indus Appstore, at Bharat Mandapam in New Delhi. Indus Appstore is PhonePe’s attempt at creating “a more competitive and localized mobile app store economy for India, which is already the largest mobile apps download market globally.” The session… Read More

February 21, 2024 @ 9:58 pm By Omar Faridi  |  

HealthCARE of Iowa, a professional consulting partner with over 80 years of combined experience in providing consulting services for Senior Living environments, has partnered with DailyPay – the on-demand pay solution. Through this partnership, HealthCARE of Iowa is “modernizing its benefits offerings by providing the… Read More

February 21, 2024 @ 10:39 am By Omar Faridi  |  

OpenPayd, the global payments and Banking-as-a-Service (BaaS) platform, today announced its partnership with TrueLayer, Europe’s open banking payment network, to enhance its instant payment solutions offering for its clients. OpenPayd will leverage TrueLayer’s payments network “throughout the UK and Europe to enable secure and instant… Read More

February 21, 2024 @ 7:16 am By Omar Faridi  |  

A professional team of Fintech veterans have introduced Meso, a payment platform which brings crypto-assets and fiat currencies closer, thus making it seamless for clients to transfer funds on- and off-chain. In statements shared with Fortune, Meso co-founder and CEO Ben Mills explained that a… Read More

February 20, 2024 @ 9:37 am By Omar Faridi  |  

Monite‘s seed funding has reached $16 million in order to support US expansion efforts. Monite confirmed that they’ve added additional ($6M) funding to their seed round, thanks to Valar Ventures and Third Prime, bringing their total to $16M. This top-up supports their European leadership “in… Read More

February 19, 2024 @ 11:46 am By Omar Faridi  |  

Fintech firm Deel is pleased to launch the new Adjustments API for Global Payroll and EOR, making your payroll processing experience faster and more accurate. Deel explains that the API lets you automatically “sync expenses, bonuses, and allowances data directly onto Deel, so you’ll only… Read More

February 19, 2024 @ 10:20 am By Omar Faridi  |  

From submitting expenses and defining approval workflows to automated reconciliation and employee reimbursements, your spend management operations likely “include many people and processes, and they need a solution that can address your financial needs,” the team at Payhawk notes. Payhawk wrote in a blog post… Read More

February 19, 2024 @ 8:39 am By Omar Faridi  |  

An extensive report has been shared, entitled Financial Fusion: Fintech’s M&A Landscape Unveiled: A guide to fintech M&A and the next wave of deals, by the researchers at Pitchbook. PitchBook says that the Fintech sector continues to attract substantial investments but certain segments might have… Read More

February 18, 2024 @ 1:41 pm By Omar Faridi  |  

iCapital, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, announces its portfolio construction tool, Architect, is available on iCapital Marketplace. With the launch, more than 350,000 US financial advisors can access Architect – which combines a user-friendly interface… Read More

February 18, 2024 @ 12:03 pm By Omar Faridi  |  

Yaacov Martin, CEO of Fintech firm Jifiti, a company focused on consumer financing and B2B lending experiences for lenders and merchants, recently shared his views and insights with Crowdfund Insider. For context, embedded finance helps with the incorporation of a range of financial services directly… Read More

February 18, 2024 @ 11:45 am By Omar Faridi  |  

Engage People, the loyalty network that enables program members to pay with points (PwP) directly at checkout, reported “a 68% increase in transactions from 2022, with more than 23.3 billion points redeemed in 2023 across its Access Plus network, which allows loyalty program members the… Read More

February 18, 2024 @ 9:23 am By Omar Faridi  |  

Velmie has reportedly introduced its business banking platform intended to assist financial services providers and Fintech platforms with enhancing their core product offerings. As noted in the update from Velmie, the Fintech platform allows firms to address business customer requirements, such as taking care of… Read More