Tagged: fintech adoption

January 15, 2023 @ 8:25 pm By Omar Faridi  |  

SentBe, Korea’s fintech company, announced the official launch of its international money transfer service in the U.S., “a significant move in the company’s global expansion.” Customers, including migrant workers in the U.S., can now “send U.S. dollars to more than 50 countries with greater ease… Read More

January 14, 2023 @ 7:17 pm By Omar Faridi  |  

American Express (NYSE: AXP) announced that it has entered into an agreement to acquire Nipendo, a company used by global businesses “to automate and streamline business-to-business (B2B) payments processes.” The transaction is American Express’ latest strategic step “toward its goal of creating a leading end-to-end… Read More

January 14, 2023 @ 6:31 pm By Omar Faridi  |  

EBANX, a payments fintech helping global companies grow in Latin America and other world regions, announced the appointment of Fabio Scopeta as its new Chief Product & Technology Officer (CPTO), “to lead EBANX’s Product and Technology divisions globally.” With more than 25 years of experience,… Read More

January 12, 2023 @ 9:25 pm By Omar Faridi  |  

IFIN, which claims to be the first of its kind Islamic Fintech, announces its partnership with Bank Nizwa, Oman’s “first” full-fledged Islamic bank in the Sultanate, offering a plethora of Shariah-compliant products and services, “to introduce instant Islamic ‘Goods Financing’ with the aim of enriching… Read More

January 12, 2023 @ 9:44 am By Omar Faridi  |  

Greenlight Financial Technology, Inc., the fintech company on a mission to help parents raise financially-smart, independent kids, announced the launch of Greenlight Level Up™, an interactive, curriculum-based financial literacy game. Level Up goes beyond the National Standards for K-12 Personal Financial Education developed by the… Read More

January 11, 2023 @ 8:54 am By Omar Faridi  |  

40Seas, a Fintech platform for cross-border trade financing, has raised $111 million to deliver a much more efficient and cost-effective financing framework for SMEs involved in global commerce. The company’s $11 million seed funding round, “led by Team8 with participation from ZIM Integrated Shipping Services… Read More

January 10, 2023 @ 11:47 pm By Omar Faridi  |  

BNP Paribas announces a strategic investment in AccessFintech, which claims to be a leading fintech company “evolving the capital markets’ operating model through data and workflow collaboration.” The investment is being “made by BNP Paribas’s Securities Services unit, the bank’s post-trade arm.” It will “enable… Read More

January 10, 2023 @ 10:49 pm By Omar Faridi  |  

Nuvei Corporation (Nasdaq: NVEI), the Canadian fintech company, and Paya Holdings Inc. (Nasdaq: PAYA), a provider of integrated payment and commerce solutions in the U.S., announced that they have “entered into a definitive agreement whereby Nuvei will acquire Paya in an all-cash transaction at USD… Read More

January 10, 2023 @ 10:07 pm By Omar Faridi  |  

NorthOne is pleased to announce they’re breaking new ground in the Fintech space “by joining The Clearing House’s Real-Time Payments network in partnership with The Bancorp Bank, N.A.” With The Clearing House’s innovative Real-Time Payment network, NorthOne will help businesses “receive payments instantly 24 hours… Read More

January 10, 2023 @ 8:26 pm By Omar Faridi  |  

To provide an integrated framework that links user interfaces across products, global Fintech platform, Broadridge Financial Solutions, Inc. (NYSE:BR), announced it will utilize Glue42, a software provider that delivers integrated desktop experiences to financial institutions globally, “to deliver a seamless trading experience.” This move “brings… Read More

January 9, 2023 @ 10:17 pm By Omar Faridi  |  

ChatGPT—the recently launched language processing AI model developed by OpenAI—has been “wowing users with its uncanny abilities to hold conversations, write essays, and even program computers,” according to an update shared with CI. However, the real value of conversational AI for digital commerce companies “lies… Read More

January 8, 2023 @ 6:17 pm By Omar Faridi  |  

Visa (NYSE: V), which claims to be a world leader in digital payments, is announcing an open call for startups across the APAC region in order to apply for the Visa Accelerator Program 2023 and applications will close on January 10, 2022. Currently in its… Read More

January 7, 2023 @ 5:41 pm By Omar Faridi  |  

Bengaluru-headquartered Fintech lending platform KreditBee has reportedly extended its Series D funding round with a $100 million investment from private equity firm Advent International. The Advent funding has now topped up the first tranche of the Series D investment round, which also netted $100 million… Read More

January 7, 2023 @ 5:07 pm By Omar Faridi  |  

More than half (51%) of consumers in the United Kingdom believe physical wallets will become a lot less relevant as virtual payments continue to grow in adoption. This, according to the latest research shared by Mastercard (NYSE: MA). Mastercard teamed up Central Saint Martins on… Read More

January 6, 2023 @ 6:51 pm By Omar Faridi  |  

PayBy, a Fintech firm recently acquired by Astra Tech in August 2022, has been licensed by the Central Bank of the UAE “to conduct Stored Value Facility (SVF) and Retail Payment Services (RPS) operations.” The license “represents one of the country’s highest levels of financial… Read More

January 5, 2023 @ 10:26 am By Omar Faridi  |  

EY has today announced plans to establish a new Business Research Innovation Technology and Engineering (BRiTE) Hub in Bristol, as it looks “to ramp up capabilities in financial services design, data analytics and engineering to create practical and tangible solutions to some of the big… Read More

January 5, 2023 @ 8:42 am By Omar Faridi  |  

When it comes to New Year’s resolutions, improving personal finances “isn’t anything new,” according to an update from TrueAccord. But as we look ahead to 2023, TrueAccord reveals that they “see more and more Americans adding serious financial goals to their list.” A recent Ascent… Read More

January 4, 2023 @ 8:39 am By Omar Faridi  |  

Solaris, which claims to be Europe’s “leading” embedded finance platform, announced changes to its management board. This move is linked to Solaris‘ new target operating model “following a corporate strategy update and the recently communicated CEO succession.” Carsten Höltkemeyer, who took office as CEO designate… Read More

January 3, 2023 @ 11:32 pm By Omar Faridi  |  

GoCardless, which claims to be a global leader in direct bank payment solutions, has  announced it is “officially live in the market with PayTo, an instant account-to-account payment method that has been designed to replace Australia’s traditional Direct Debit network in approximately three to five… Read More

January 3, 2023 @ 8:33 am By Omar Faridi  |  

When conducting business overseas, companies of all sizes can be hampered by slow payment times, high costs and limited transfer options, according to an update from Paysend. However, these barriers are “particularly cumbersome for SMEs, which have fewer resources in terms of workforce and cash… Read More