Tagged: fintech trends

July 15, 2023 @ 10:26 am By Omar Faridi  |  

Car IQ Inc., which claims to be a pioneer in vehicle payments, has reportedly teamed up with Visa (NYSE: V), a world leader in digital payments, in order “to enable vehicles to transact directly with Visa’s global ecosystem of merchants and banks, and purchase fuel,… Read More

July 14, 2023 @ 6:37 pm By Omar Faridi  |  

Moss, the corporate card and spend management solution, has selected GoCardless, the bank payment company, as its direct debit provider in the UK to support its international expansion. Moss automates month-end administrative tasks for SMB finance teams, “freeing up their time through eliminating manual work… Read More

July 14, 2023 @ 3:31 pm By Omar Faridi  |  

Card issuing and processing pioneer Enfuce has been chosen by leading Norwegian crypto exchange NBX to issue a Visa®-branded credit card offering Bitcoin cashback on purchases. Powered by Enfuce’s cloud-native issuing platform, the launch of the card is a turning point in the crypto market,… Read More

July 14, 2023 @ 11:30 am By Omar Faridi  |  

Volante Technologies, which claims to be the global leader in cloud payments modernization, has deepened its existing partnership with KPMG LLP by “developing a new ISO 20022 maturity model to help payment service providers determine ISO adoption readiness.” Within the next four years, it is… Read More

July 13, 2023 @ 9:47 pm By Omar Faridi  |  

Analysts at Pitchbook have shared key insights covering major developments in Fintech and the payments sector. As noted in the report from Pitchbook, shares of recently publicly traded fintech & payments IPOs “rose by 21.2% in Q2, notably outperforming the Nasdaq’s 12.8% and S&P 500’s… Read More

July 13, 2023 @ 3:11 pm By Omar Faridi  |  

CaixaBank Tech, the CaixaBank Group technological subsidiary, will expand its professional team with the incorporation of 200 external professionals, mostly young people with technology and scientific degrees. The selection process is already underway, “with a view to the new recruits being in place by the… Read More

July 13, 2023 @ 7:44 am By Omar Faridi  |  

A study from Juniper Research, the researchers focused on emerging payments, have found that the value of payment transactions powered by stablecoins “will exceed $187 billion globally by 2028, up from $53 billion in 2023.” The study found that stablecoins are “making rapid progress in… Read More

July 13, 2023 @ 5:22 am By Omar Faridi  |  

c, a payment and Banking-as-a-Service (BaaS) provider in the MENA region has expanded its operations into Egypt with the opening of a new office in Cairo. The move is part of BKN301’s strategy “to support the growth of the fintech sector in Egypt and the… Read More

July 12, 2023 @ 1:25 pm By Omar Faridi  |  

EBANX, a global fintech specializing in payments for rising markets, and Nubank, one of the world’s largest digital financial services platforms, announced a partnership to offer a new alternative payment method for international purchases, NuPay, a payment method developed by Nubank (NYSE: NU). The partnership… Read More

July 12, 2023 @ 12:47 pm By Omar Faridi  |  

Furness Building Society (FBS), the member-owned building society, announced that it has partnered with Backbase, the global Engagement Banking Platform provider, to develop its new digital savings platform. As a member-owned building society, FBS prioritizes its members’ needs above all else. In the next three… Read More

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

Mesh Payments, which claims to be one of the fastest-growing global spend management platforms, announced the launch of a new enterprise-grade payment solution that closes the loop between procurement, payment and reconciliation processes to deliver an automated payments experience. Mesh ProcurePay connects to any ERP… Read More

July 12, 2023 @ 5:31 am By Omar Faridi  |  

Tarabut Gateway, MENA’s open banking platform, announces the appointment of Tariq Sanad as its new Chief Financial Officer (CFO). Tariq, a Bahraini national, is “one of MENA’s renowned start-up veterans, boasting over 20 years of experience in the finance field.” During this time, he has… Read More

July 11, 2023 @ 10:38 am By Omar Faridi  |  

Penny Finance, the online financial mentorship platform for women, announces the launch of automated account integration with PLAID, allowing for improved money insights and more accurate financial reporting for members. Penny’s new feature “enables women to link their bank accounts for an even better and… Read More

July 11, 2023 @ 8:10 am By Omar Faridi  |  

GoCardless, the bank payment company, has appointed Franck Cohen as the Chair of its Board of Directors to accelerate its path to profitability. The industry veteran and entrepreneur reportedly “brings a wealth of experience in the technology and software space, including stints as the EMEA… Read More

July 10, 2023 @ 10:43 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced that BanCoppel, part of Grupo Coppel, one of the largest organizations in Mexico, which includes brands such as Afore Coppel and Tiendas Coppel, has selected Temenos in order “to continue its technological transformation, driving modern banking services.” BanCoppel was reportedly the… Read More

July 10, 2023 @ 10:25 pm By Omar Faridi  |  

The Reserve Bank of India (RBI) is reportedly working on a new regulatory framework that should be more “developmental” and conducive for financial technology or Fintech firms. This, according to a deputy governor of the reserve bank (as first reported by Reuters this past Friday)…. Read More

July 10, 2023 @ 7:01 pm By Omar Faridi  |  

PhonePe announced the launch of its Point-of-sale (POS) device that enables merchants to accept payments via Debit Cards, Credit Cards and UPI, providing them with a simple and seamless settlement experience. The device comes preloaded “with the PhonePe POS App and supports transactions through tap/swipe/dip and… Read More

July 9, 2023 @ 12:59 pm By Omar Faridi  |  

Moneyhub, the data and payments platform built on the principles of Open Banking and Open Finance, has announced a partnership with MX Technologies, Inc., which claims to be a leader in Open Finance in North America. This partnership enables Moneyhub and MX “to leverage each… Read More

July 7, 2023 @ 2:22 pm By Omar Faridi  |  

Clair, a mission-driven fintech company, announced it raised $175 million in funding to launch the first free, consumer-friendly, on-demand pay solution as a consumer lending program backed by an FDIC-insured bank. The new program “provides for a participation amount of up to $150 million, which… Read More

July 6, 2023 @ 10:13 pm By Omar Faridi  |  

Bluesphere Ventures, a pioneering venture studio specializing in incubating environmental fintech ventures, announced its definitive agreement to acquire Climate Carbon, Canada’s leading broker of carbon and renewable energy credits. This acquisition is expected “to reshape the industry and accelerate the global adoption of sustainable practices.”… Read More