Tagged: fintech trends

August 22, 2022 @ 1:07 am By Omar Faridi  |  

Vyzer, an Israeli-based Fintech consumer-focused startup, joined forces with Salt Edge, a key player in offering open banking solutions, “to enable high net worth investors to instantly connect and sync their European bank accounts, offering a comprehensive analysis of investment performance and fully digital cashflow… Read More

August 21, 2022 @ 5:37 pm By Omar Faridi  |  

Enfuce is pleased to confirm an extended partnership with Mastercard (NYSE: MA) in order to expand the company’s Card as a Service platform in the Nordics. Through the partnership, Mastercard powers Card as a Service “with tokenized multi-currency BINs in the Nordics, enabling Enfuce’s customers… Read More

August 20, 2022 @ 3:57 pm By Omar Faridi  |  

Verto notes that their relationship with Locusnine began in 2019 when they partnered to focus on scaling their “MVP architecture.” Since then, they’ve gone on to build a cross-border payments platform. They are excited to announce that Locusnine is now “officially part of the Verto… Read More

August 18, 2022 @ 9:55 pm By Omar Faridi  |  

Emirates NBD, a banking group in the MENA region an Turkey, has launched a global accelerator program for metaverse start-ups “to enhance customer experience for the new virtual economy, in partnership with the Dubai International Financial Centre (DIFC) Fintech Hive, the largest financial technology hub… Read More

August 18, 2022 @ 9:17 pm By Omar Faridi  |  

Bank of New Zealand (BNZ) has introduced BNZ Pay, which is described as a mobile app for retailers that transforms an Android device into a contactless payment terminal. Created with assistance from Visa and Quest Payment Systems, BNZ Pay is being rolled out with no… Read More

August 18, 2022 @ 7:38 pm By Omar Faridi  |  

Currencycloud, a Fintech firm focused on simplifying business in a multi-currency environment, has partnered with Future FinTech Labs (FTFT Labs) in order to introduce the remittance app Tempo, which provides US-based immigrants a secure and cost-effective way to send funds. Tempo facilitates fund transfers to… Read More

August 17, 2022 @ 11:24 pm By Omar Faridi  |  

Azerbaijan-headquartered SmilePay has reportedly entered agreements with two large food retailers in the nation in order to allow consumers to purchase their groceries using their faces. SmilePay has acquired an investment from the largest acquirer bank in Azerbaijan, Pasha, and entered deals with the Bravo… Read More

August 17, 2022 @ 10:39 pm By Omar Faridi  |  

Nebeus, the European cryptocurrency app, has announced a partnership with Modulr, the embedded payments platform, “to augment its offering with accounts, real-time payments and Visa cards.” This move makes Nebeus one of the first European companies “to leverage Modulr’s one-stop card issuing solution across the… Read More

August 17, 2022 @ 2:28 am By Omar Faridi  |  

ReceiptHero recently announced that it has joined the Visa Fintech Partner Connect—a program designed “to help Visa’s issuing clients quickly connect with a vetted and curated set of technology providers.” Visa Fintech Partner Connect is “an initiative that provides financial institutions and merchants in Europe… Read More

August 17, 2022 @ 1:30 am By Omar Faridi  |  

Bricknode, a software-as-a-service (SaaS) financial services platform, recently revealed that Lenpals, a Fintech firm offering short-term personal loans, has chosen its loan management solution, Bricknode Lending. Lenpals is being introduced to help with redefining or trasnforming the short-term lending sector and provide affordable and responsible… Read More

August 15, 2022 @ 11:27 pm By Omar Faridi  |  

BNPL Fintech Affirm (NASDAQ: AFRM) CEO Max Levchin recently noted that the next recession could silence Fintech lender’s doubters or critics. With shares of the Buy Now, Pay Later (BNPL) Fintech down over 75% from November 2021, Max Levchin said the company’s innovative lending models… Read More

August 15, 2022 @ 8:22 am By Omar Faridi  |  

John Mitchell, Co-founder and CEO, Episode Six, recently shared his views and insights with Crowdfund Insider. Episode Six is a payments technology company, which recently entered into a strategic relationship with US-headquartered Mode Eleven. Mode Eleven and its subsidiary, Summit National Bank, have selected Episode… Read More

August 14, 2022 @ 11:01 pm By Omar Faridi  |  

Commonwealth Bank’s venture-scaling division x15ventures is reportedly looking for founders who are focused on the future of payments for its “Xccelerate’ program.” The Xccelerate 2022 program assists early-stage initiatives with better understanding the pathway to working with the CBA and it ends in an Investment… Read More

August 12, 2022 @ 9:17 pm By Omar Faridi  |  

Thunes, a cross-border payments company, recently announced that it is accelerating the expansion of its services in the MENA region, “setting up an office in the Kingdom of Saudi Arabia, and appointing a new country head – Ahmad Yaacoub.” Thunes is also “in advanced stages… Read More

August 12, 2022 @ 11:36 am By Omar Faridi  |  

Trovata, which automates cash reporting and forecasting via wholesale (and was set for the UK, and EU launch after a $27 million round in June 2022), recently announced the appointment of Lisa Gutu as VP of Business Development and Vladimir Pintea as VP of Open… Read More

August 11, 2022 @ 8:49 am By Omar Faridi  |  

The Bank of London, which claims to be the first “purpose-built” global clearing, agency, and transaction bank, recently announced its intention to expand its United States footprint by “opening its US Global Platform & Services headquarters in Charlotte, North Carolina, creating 350 new jobs by… Read More

August 9, 2022 @ 9:12 am By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), which claims to be the global leader in mission-critical, real-time payments software, recently announced an agreement with Japan’s central domestic payment network, Japan Card Network, Inc, CARDNET, in order “to modernize its digital payments infrastructure.” The agreement will “see ACI work… Read More

August 8, 2022 @ 11:58 pm By Omar Faridi  |  

Since 2020, and the recent global pandemic, digital commerce has seen “exceptional growth,” according to an update from Juniper Research. Although the impact of COVID-19 certainly forced an increase in online shopping and eCommerce usage, it is clear that it is “a continuing trend,” the… Read More

August 8, 2022 @ 9:09 pm By Omar Faridi  |  

The Malaysian card payments market is “set to record a robust growth of 15.2% in 2022, supported by the gradual rise in consumer spending, government’s financial inclusion measures, and increasing preference for contactless payments,” forecasts GlobalData, a data and analytics company. According to GlobalData’s Payment… Read More

August 8, 2022 @ 8:58 am By Omar Faridi  |  

In Q2 2022, Fintech companies globally “raised $24.1 billion in venture capital (VC) across 1,103 deals, representing a 17.8% decrease in quarter-over-quarter deal value,” according to a report from Pitchbook. This is “the largest percentage drop in deal value since Q3 2018,” the team at… Read More