Tagged: north america

North American Expansion: Paysend Now Offers Money Transfers from the U.S. to Canada

    Paysend, a UK-based global payments platform, announced on Wednesday it has expanded its services in North America by allowing money transfers from the U.S. to Canada. Paysend further revealed that the expansion will now allow U.S. residents to transfer funds to more than… Read More

Bitcoin Mining Firm Blockcap Inc Reports that it Mined 544 BTC During Q1 2021

Blockcap Inc., an established Bitcoin mining and blockchain tech firm based in the US, revealed on Friday (April 16, 2021) that it has mined a total of 544 BTC during Q1 2021. As mentioned in a release: “Coming on the heels of several large-scale acquisitions… Read More

GoFundMe Joins Forces With Stripe to Enhance Fundraising Experience in North America

    Global crowdfunding platform GoFundMe has teamed up with Stripe. Stripe reported that through the partnership, it is deploying its technology to ensure those in need are able to receive donations from those able to support quickly and efficiently. Stripe further revealed it will help… Read More

Paysafe Expands Partnership With NeoPollard Interactive to Provide Payment Gateway For Alberta’s Online Gambling Website “PlayAlberta”

  Integrated payments platform Paysafe announced on Wednesday it has expanded its partnership with NeoPollard Interactive (NPi), the provider of iLottery programs in North America. Through this partnership, NPi uses Paysafe’s proprietary payment gateway to power Alberta’s only regulated online gambling website PlayAlberta.ca.  Paysafe further revealed with… Read More

Digital Banking Unicorn Revolut Suspends Operations in Canada, Says it Will Revisit Options Later

UK-headquartered digital banking challenger Revolut says it will be suspending its business operations in Canada, a move that has come just 18 months after the Fintech launched a beta version of its services in the North American country. BetaKit, which keeps track of Canadian tech… Read More

North American Purpose Bitcoin ETF Now Holds Over 11,000 Bitcoin (BTC) Valued at More than Half a Billion Dollars

The North American Purpose Bitcoin ETF, which was introduced last month, has reportedly seen huge demand, as over $165 million in trading volume was recorded (as of February 19, 2021). The new ETF is the first Bitcoin exchange-traded fund (ETF) in North America. It now… Read More

Researchers at McGill are Reportedly Working on Potential Design for Bank of Canada Virtual Currency or CBDC

The research team at McGill is reportedly collaborating on the potential design for the new Bank of Canada digital currency. Professors Katrin Tinn and Christophe Dubach have jointly proposed a new design for a “cash-like” central bank digital currency or CBDC which will aim to… Read More

Payments Platform Adyen Reveals that Buy Now Pay Later or BNPL Is Fastest-Growing Payment Alternative in N. America

Payments platform Adyen (AMS:ADYEN) reveals that Buy Now, Pay Later (BNPL) is the fastest-growing payment alternative in North America. BNPL services are everywhere now, and allow consumers to acquire big ticket items and have made “spontaneous splurges within easy reach.” These digital financial “tools” allow… Read More

Fintech Finastra Partners Indian Multinational Firm HCL Technologies to Offer Treasury Management Services

Finastra, a financial services software and Cloud-enabled solutions provider, has confirmed that it will be teaming up with HCL Technologies, an India-based multinational tech firm, in order to offer treasury management technology via the Cloud to smaller banks based in Europe, North America, India, and… Read More

70% of Hedge Fund Managers are Now Hosting At Least Part of their IT and Fintech Platforms in the Cloud: Survey

Enfusion, an established provider of global investment management software and fund services that’s focused on “automating and simplifying full front-to-back office functionality with one vendor,” notes that as funds continue to grow, many patch together tech solutions, adding new functionality or capabilities as they become… Read More

Remittance Payments Sent by US-based Mexican Workers to Relatives back Home have Reached Record Levels, following COVID Outbreak

Mexican workers now based in the United States have reportedly been sending record amounts of funds to friends or family members back home since 2020, which may suggest that the American economy has been fairly resilient despite the challenges created by the COVID-19 outbreak. As… Read More

Digital Financial Services from Chinese Banks are Generally Better than other APAC Countries, and Some European, North American Providers: Report

A recently published whitepaper from Massachusetts-based International Data Corporation (IDC) and Huawei examines how banking institutions across the globe have been dealing with the COVID-19 outbreak. The paper identifies or recommends the way forward in a post COVID world which is now considered the “new… Read More

Machine Learning Tools and Algorithms are Now being Used by Canada based Scotiabank to Help Clients Impacted by COVID-19

Canadian banking group Scotiabank has noted that its strategic investments in machine learning (ML) technologies are beginning to pay off during the Coronavirus crisis, allowing it to effectively serve clients as they try to cope with these uncertain and challenging times. Analysts at the bank’s… Read More

North American and European Fintech Firms Attracted Substantial Funding in 2020 but Number of Deals Declined: Report

North American and European Fintech firms experienced a 17% year-over-year (YoY) growth during Q3 2020, which brings the total to $8.9 billion raised in venture capital investments, compared to $7.6 billion secured in Q2 2020. Although these are solid gains, there were just 414 deals… Read More

Payoneer Launches New Payment Orchestration Payments For E-Commerce Merchants in North America

Digital payments company Payoneer announced on fMonday the launch of its new payment orchestration platform that is dedicated to e-commerce merchants in North America. The company reported that following its optile acquisition, it is now integrating its offering into its core platform and expanding its… Read More

Renewable Energy Now Powers Nearly 40% of Proof of Work Cryptocurrency Mining: Report

  Full-time equivalent employee growth in the blockchain and digital asset sector has slowed down following the 2017 cryptocurrency bull market, according to the findings of the 3rd Global Cryptoasset Benchmark Study by the Cambridge Centre for Alternative Finance (released in September 2020 by the… Read More

TransferMate Announces Expansion of North American Regulation With New Mexico License Approval

TransferMate, a cross-border B2B payments technology solution, announced on Thursday it scored a significant boost to its international footprint, securing a new payments license in Mexico. According to TransferMate, the license marks a major milestone on the platform’s global growth journey. Founded in 2008, TransferMate… Read More

Bitcoin (BTC) Is “Disproportionately” Favored by North American Investors as the Preferred Digital Asset Investment: Report

North America is reportedly the third-most active region in terms of the total cryptocurrency volume moved or transferred on-chain, right behind Western Europe and East Asia. According to a Chainalysis blockchain and digital asset market report: “Overall, North America-based [cryptocurrency] addresses accounted for 14.8% of… Read More

Australian Stock Exchange Listed Fintech EML Payment Plans to Reduce the Use of Plastic Cards by 50%, Globally

Fintech firm EML Payment Ltd (ASX: EML) aims to significantly reduce plastic consumption by the weight of 56 elephants, 10 humpback whales, 1,250 lions, and the height of 5,000 giraffes across the company’s global portfolio within the next three years. EML’s “Change for Good” Initiative… Read More

Global Digital Banking Platform Market to Surpass $10 Billion by 2027: Report

The global digital banking platform industry reportedly managed to generate $3.95 billion in revenue last year. It’s expected to reach $10.87 billion by 2027, which means it’s projected to expand at a compounded annual growth rate (CAGR) of 13.6% from 2020 to 2027. This, according… Read More

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