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Fintech
Europe's Economic Crossroads: Recession Fears and S&P Global's
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Will Blockchain Technology Mark a Turning Point in Fraud
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7 Things We Wish Someone Had Told Us Before We Started Trading
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OctaTrader in 2024: A Client-focused Evolution of a Trading
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FinTech
Revolut Joins Hands with BRCC: Bridging Trade between UK and Romania
2024-06-07T16:43:39.611+02:00
In 2023, the firm processed almost 74,000 transactions per hour for its Romanian retail customers.
Revolut Bank UAB, licensed by the European Central Bank and regulated by the Bank of Lithuania, operates in 30 EU markets.
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Retail FX
Futu Buys into Airstar Bank, Now Holds 44.1% Indirect Stake
2024-06-07T10:19:39.657+02:00
The firm has invested HKD440 million in Airstar Bank, becoming its second largest beneficial owner.
Earlier, its Moomoo App introduced 24-hour trading for US stocks in Singapore and Australia.
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Payments
CFPB Rule Shakes Up Banks: Open Banking Ushers in an Era of Transparency
2024-06-06T18:00:00.000+02:00
The CFPB launches process to recognize Open Banking standards.
New rule prevents dominant incumbents from squelching startups.
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FinTech
Mastercard Engage Program Welcomes Sumsub for Fraud Protection
2024-06-05T11:12:22.241+02:00
Sumsub will offer its verification and anti-fraud solutions for customer onboarding.
Integration addresses urgent need for transaction monitoring amidst fraud rise.
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Payments
Monex USA Integrates with Payments Exchange from Fiserv for Wire Transfer
2024-06-04T17:31:57.473+02:00
The collaboration simplifies FX transactions, offering end-to-end wire transfers.
It connects to multiple global networks, serving as a hub for payment channels.
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Payments
Temenos Collaborates with Mastercard to Enhance Cross-Border Payment
2024-06-04T11:35:15.279+02:00
The collaboration aims to improve payment infrastructure for financial institutions and clients.
Mastercard Move enables secure and swift transfers via various disbursement options.
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Payments
Bitpanda Partners with Deutsche Bank for Real-Time Payments in Germany
2024-06-04T10:52:32.197+02:00
The collaboration enables seamless transactions through an API-based account solution.
Deutsche Bank is Bitpanda’s Hausbank for cross-currency solutions in Austria, Spain.
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FinTech
Visa Direct Integration Bolsters Nuvei's Payment Offerings in Colombia
2024-06-03T18:54:00.806+02:00
The collaboration allows real-time fund delivery to accounts via card credentials.
Access to Global Visa Direct extends to over 30 countries through this partnership.
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FinTech
Mastercard Takes Its Biometric Checkout Program to Uruguay
2024-06-03T16:57:54.516+02:00
Shoppers at Red Expres can register their payment details and biometrics on-site.
Initially launched in Brazil, the system is expanding globally with new planned pilots.
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Trending
Reflect Cyprus - A Day at One of the Med's Leading Tech Gatherings
2024-05-31T11:20:18.227+02:00
AI was on everyone's lips.
There was a clear focus on sales and the need to convert leads.
Top trading firms, startups and VCs created a diverse, vibrant environment.
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FinTech
PayPal Unveils Enhanced Payment Solution for SMEs in Ireland
2024-05-31T11:13:47.732+02:00
The service allows Irish businesses to accept Apple Pay, Google Pay, and other payment methods.
Businesses using PayPal Complete Payments see a 4.2% increase in card acceptance.
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Institutional FX
Broadridge Expands Digital Distribution with AdvisorTarget Acquisition
2024-05-30T15:32:01.857+02:00
AdvisorTarget's data will enhance Broadridge's market intelligence for asset managers.
DC Advisory advised Broadridge, while Broadhaven Capital Partners advised AdvisorTarget in the acquisition.
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FinTech
USDC Issuer Circle Announces Entry into Brazil's Fintech Sector
2024-05-29T13:31:41.372+02:00
Partnership with BTG Pactual and Nubank aims to provide access to USDC for Brazilian users.
Brazil's growing fintech sector, fuelled by initiatives like Pix, presents a favorable market.
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Payments
Nexi Takes the Wraps Off Tap to Pay on iPhone for Italian Merchants
2024-05-29T10:45:57.132+02:00
Merchants can use SoftPOS to accept payments via iPhone without additional hardware.
Tap to Pay supports contactless payments, including credit cards and digital wallets.
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FinTech
BaFin Lifts Cap on New Customer Onboarding for Digital Bank N26
2024-05-28T15:52:58.548+02:00
The onboarding cap, initially set in 2021 and increased in 2022, has now been removed.
The move has followed a €9.2 million fine on N26 for delayed money laundering reports.
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FinTech
Revolut Enhances International Transfers with African Mobile Wallets
2024-05-28T11:22:32.349+02:00
The international transfer feature has included 14 new payment corridors in nine African countries.
The feature now supports three digital wallets: Airtel Money, Orange Money, and MTN.
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FinTech
DNA Payments and SUNMI Join Forces to Enhance UK Card Payments
2024-05-27T18:10:03.936+02:00
The partnership offers payment solutions with SUNMI's Android POS devices and DNA Payments' axept PRO software.
With enhanced memory, faster processors, and Android OS, card payment devices offer versatility for multiple applications.
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FinTech
London OOH Showcases Visa's Partnership to Promote MyGuava Card
2024-05-24T15:19:40.131+02:00
Guavapay and Visa team up to promote the multicurrency Card, targeting digital-savvy Gen Z.
MyGuava Business provides multicurrency accounts, POS terminals, and payment gateway options.
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FinTech
Mastercard Joins Hands with Access Bank for Cross-Border Payments in Africa
2024-05-24T12:34:37.182+02:00
Cross-border remittances are vital for Africa, with a projected 2.5% growth expected in 2024.
Customers can now send and receive payments through various channels, including bank accounts, mobile wallets, cards, and cash.
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FinTech
Adyen and Vapiano Join Forces to Streamline Checkout and Payment Options
2024-05-23T19:03:43.560+02:00
The collaboration follows pilot in London, highlighting demand for mobile ordering.
Research suggests, 54% may abandon checkout if their preferred method is unavailable.
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FinTech
Square Taps into the Canadian Market with iPhone Payment Feature Launch
2024-05-23T18:15:39.829+02:00
The feature is included in iOS apps like Point of Sale, Retail, and Appointments.
Sellers open the app, add the transaction, and buyers complete payment by tapping their contactless method.
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Payments
Argentex Expands Global Reach with AFSL for Currency Risk Management
2024-05-23T11:40:45.305+02:00
The firm expands to offer tailored currency risk solutions to Australian wholesale clients.
The ASIC-granted AFSL allows managing currency volatility while operating as a remittance provider registered with AUSTRAC.
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FinTech
Turkish Digital Bank Colendi Secures $700M Valuation with Series B Funding
2024-05-23T10:08:11.444+02:00
The company aims to become a major digital banking entity and targets a $1 billion valuation.
According to the CEO, it should also be IPO-ready by 2026.
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FinTech
BaFin Imposes 9.2 Million EUR Fine on N26 for 2022 Compliance Lapses
2024-05-21T13:43:57.181+02:00
The firm faces a fine for reporting failures but has improved its anti-money laundering processes.
It prepared for a potential fine by setting aside provisions in its 2022 financial statements.
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FinTech
Unlimit and DEUNA Forge Partnership for LATAM Cross-Border Payments
2024-05-21T11:38:55.526+02:00
The partnership utilizes DEUNA's payment orchestration and Unlimit’s infrastructure.
It aims to boost approval rates, reduce costs, and address fraud with payment solutions.
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