US and UK sign agreement to regulate AI models
Finextra
APRIL 2, 2024
The governments of the UK and US have signed what they claim is the first international bilateral agreement to regulate the risks of artificial intelligence (AI) models.
Agreements Related Topics 
Discover, FDIC reach consent agreement
Payments Dive
OCTOBER 2, 2023
The agreement, issued last week, addresses “shortcomings” in Discover Bank’s compliance management system for consumer protection laws, the company said.
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Dojo Signs New Agreement with American Express to Simplify Payment Processes for Small Businesses
Fintech Finance
DECEMBER 5, 2024
The strategic agreement will help Dojo’s small business customers accept American Express payments seamlessly with one unified contract, which offers a smoother experience featuring a consolidated statement for transaction reconciliation, a unified settlement process, a streamlined onboarding journey, and a single point of contact for servicing.
VE3 Selected for CCS’s Payment Acceptance 2 Agreement
The Payments Association
MARCH 28, 2024
VE3 has been selected as a key supplier for the Payment Acceptance 2 Agreement by Crown Commercial Services for the provision of payment consultancy services. Read more
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Is Your Partnership Toxic?: Evaluating Integrated Payments Partnerships in SaaS
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Gain insights into creating beneficial alliances, identifying and navigating out of toxic partnerships, ensuring flexible agreements, and obtaining strategic support and valuable insights. Discover whether your payment processor is a true collaborator or a limitation on your company's aspirations by delving into our informative article.
Blackstone Signs Definitive Agreement to Acquire Sony Payment Services
Fintech Finance
JANUARY 2, 2024
Blackstone (NYSE: BX) today announced that Private Equity funds managed by Blackstone have entered into a definitive agreement to acquire a majority stake in Sony Payment Services Inc. The post Blackstone Signs Definitive Agreement to Acquire Sony Payment Services appeared first on Fintech Finance. SPSV is supported by Japan’s JPY 22.7
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Swiss-UK Agreement Sends Strong Signal for Open Financial Markets
Fintech News
OCTOBER 6, 2024
Switzerland and the United Kingdom signed an agreement to create more efficient and globally competitive conditions for cross-border trade in financial services with the new “Berne Financial Services Agreement” (BFSA). The agreement requires approval by the parliaments of both countries before it can enter into force.
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Klarna to Be Automatically Enabled for All New Customers Under New WooCommerce Distribution Agreement
Fintech Finance
DECEMBER 23, 2024
The post Klarna to Be Automatically Enabled for All New Customers Under New WooCommerce Distribution Agreement appeared first on FF News | Fintech Finance. Were thrilled to partner more deeply with Klarna to give store owners easy access to buy now, pay later and other purchase financing options for their customers.
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Network International Inks Agreement With National Bank of Fujairah to Provide Omni-Channel Payment Solutions
Fintech Finance
NOVEMBER 18, 2024
Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has signed a referral agreement with National Bank of Fujairah (NBF ) to extend digital payment services to the bank’s corporate customers. ” The partnership fosters innovation and financial inclusion within the UAE digital economy.
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Citi inks referral agreement with Dubai's Network International
Finextra
AUGUST 20, 2024
Citi has struck a referral agreement with Dubai-based Network International to offer the bank's corporate clients omnichannel payments services in the Middle East and Africa.
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CBI and SEPAmail.eu Signed an Agreement to Set Up an Interoperable IBAN-Name Check – Verification of Payee (VoP) Solution
Fintech Finance
OCTOBER 9, 2024
Thanks to our agreement with CBI, we are building strong and performant interoperability between efficient schemes that other European communities will be able to rely on to comply with Instant Payment Regulation as of October 2025.” Jacques Vanhautère, CEO of SEPAmail.eu , commented: “As the VoP provider within STET Group, SEPAmail.eu
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Tanmeyah signs certification agreement with COFICERT France
The Paypers
AUGUST 22, 2024
Financial services provider Tanmeyah has announced its decision to sign a certification agreement with COFICERT France in order to obtain AML 30000 certification.
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barq Signs Agreement With Mastercard to Empower Businesses With Advanced Payment Acceptance Technology
Fintech Finance
SEPTEMBER 6, 2024
The strategic agreement will see barq leverage Mastercard Gateway technology to further equip its merchants and consumers around the Kingdom with greater access to a wide range of value-added services — responsive, personalised solutions that cater to their unique needs and preferences.
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CLOWD9 and Discover® Global Network Certification and Agreement Set to Expand Opportunities for Cross-Border Issuance
Fintech Finance
NOVEMBER 12, 2024
CLOWD9 , a leading cloud-native, B-Corp certified issuer processor, is excited to announce its strategic agreement and certification with Discover® Global Network, a prominent global payments network. The collaboration with Discover Global Network reinforces their dedication to driving innovation and progress in the payments industry.
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JPMorgan doubles down on gaming firm tie
Payments Dive
OCTOBER 21, 2022
The bank said it invested in the regulated gaming company Sightline Payments this week, following an agreement earlier this year to be the firm’s primary merchant acquirer.
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Visa and Revolut Sign Global Visa Direct Agreement to Deliver Real Time Cross-Border Transactions for Business Customers
Fintech Finance
AUGUST 27, 2024
This global agreement follows Revolut and Visa’s collaboration to offer card transfers powered by Visa Direct for peer-to-peer payments to ~90 countries in the world in 2023 and the launch of Visa virtual cards for business focused on the B2B travel sector in 2024. The payment then arrives in the recipient’s account within 30 minutes or less.
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Revolut signs global Visa Direct agreement for cross-border business transactions
Finextra
AUGUST 27, 2024
Revolut has teamed up with Visa to offer business customers instant card transfers for cross-border transactions.
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Norway Joins TIPS, Adding Norwegian Krone to Eurosystem’s Instant Payment Service
Fintech Finance
NOVEMBER 29, 2024
The European Central Bank (ECB) and Norges Bank signed an agreement for Norway to join the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service. The agreement with the ECB will ensure that infrastructure for instant payments in Norwegian krone is developed in pace with developments in the Nordic countries and the rest of Europe.”
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Banco Santander and Google offer free AI training for everyone
Finextra
JULY 9, 2024
Banco Santander and Google have reached an agreement to offer a free AI course for anyone over the age of 18 the world over.
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TP Icap to migrate 80% of technology infrastructure to Amazon Web Services
Finextra
DECEMBER 3, 2024
TP Icap has signed a major agreement with Amazon Web Services to streamline and scale the brokerage's technology infrastructure.
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Visa to buy UK fraud fighting tech provider Featurespace
Finextra
SEPTEMBER 26, 2024
Visa has signed a definitive agreement to acquire British AI-powered financial fraud fighting outfit Featurespace for an undisclosed sum.
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Vodafone strikes $1.5 billion cloud and GenAI deal with Microsoft
Finextra
JANUARY 16, 2024
Vodafone has struck an agreement with Microsoft to invest $1.5 billion over the next ten years to develop new digital and financial services for businesses and consumers.
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IFC and SocGen’s Romania deal marks sustainable finance milestone
Finextra
MAY 3, 2024
Societe Generale (SocGen) and the International Finance Corporation (IFC) have signed a Collaboration Framework Agreement to bolster sustainable finance in developing countries.
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Danske Bank signs cloud deal with AWS
Finextra
MARCH 25, 2024
Denmark’s Danske Bank has signed a multiyear agreement with Amazon Web Services (AWS) as part of a strategy to invest more in cloud technology.
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SeABank and Visa team on digital payments
Finextra
MAY 31, 2024
further tightens their comprehensive cooperative partnership by a strategic cooperation agreement on developing digital payments. Southeast Asia Commercial Joint Stock Bank, SeABank and Visa Inc.
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Ajman Transport and Visa Collaborate to Implement Contactless Payments on Buses
Fintech Finance
JULY 12, 2024
The Transportation Authority in Ajman and Visa , a global leader in digital payments, have signed an agreement to enable the acceptance of open contactless payments on public transport buses in Ajman, in line with the emirate’s smart mobility goals. The agreement was signed by Eng.
AmEx and Worldpay form small business partnership
Finextra
MAY 13, 2024
American Express and Worldpay have signed a new agreement which makes it even easier for small businesses to welcome loyal and high-spending American Express Cardmembers.
Indonesia, South Korea Central Banks Ink Cross-Border Payments MOU
Fintech News
JULY 15, 2024
This MOU follows the 2022 bilateral cooperation agreement on central banking and was signed by BI Governor Perry Warjiyo and BoK Governor Rhee Chang Yong. The agreement aims to enhance cooperation on the interoperability of cross-border payments and establish a framework for seamless connectivity between Indonesia and South Korea.
Aryza Expands Partnership with GoCardless to Enhance Payment Solutions
Fintech Finance
NOVEMBER 13, 2024
This collaboration transforms the existing technology relationship into a comprehensive partnership that includes an introducer agreement across all Aryza platforms globally. Aryza Group , a leading provider of financial software solutions, has announced the expansion of its partnership with GoCardless , a global bank payment company.
BNP Paribas to acquire HSBC's Private Banking activities in Germany
The Paypers
SEPTEMBER 23, 2024
Financial services company BNP Paribas has announced its agreement with HSBC to acquire its Private Banking activities in Germany, aiming to further solidify its position in the industry.
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Nexi Expands Payment Choice for Amazon.it Customers
Fintech Finance
JULY 2, 2024
The agreement offers Amazon.it Filippo Signoretti, Merchant Solutions Director of Nexi Italy, comments: “The agreement with Amazon.it Through the collaboration, Nexi becomes a technical provider for Amazon.it, making its technology platform available to the e-commerce site.
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Binance to Add 1,000 Roles, Prioritising Compliance Amid Regulatory Challenges
Fintech News
AUGUST 21, 2024
plea agreement. Zhao, also known as CZ, was sentenced to four months in prison as part of this agreement, which addressed anti-money laundering violations. The company plans to increase its compliance staff from 500 to 700 as part of this growth.
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AMAN Union Partners with RISC Institute DMCC to Enhance Insurance Expertise Across AMAN Union Members
Fintech Finance
OCTOBER 11, 2024
The agreement was signed by Dr. Khalid Khalafalla, Secretary-General of AMAN Union, and Mr. Silvan A. Commenting on the agreement, Dr. Khalid Khalafalla, Secretary-General of AMAN Union , stated: “We are excited to embark on this partnership with RISC Institute DMCC. Said, Managing Director of RISC Institute DMCC.
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Indonesia’s Bank Commonwealth to Face Mass Layoffs Following OCBC Takeover
Fintech News
JULY 28, 2024
Under Indonesian law, employees of an acquired company do not automatically transfer to the acquiring company without mutual agreement, and a lack of agreement can lead to termination. The union has appealed to Indonesia’s Ministry of Manpower for intervention, seeking clarity and resolution on the legal issues raised.
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IDEX Biometrics and Vasmobile Launch Biometric School ID Program in Africa
Fintech Finance
SEPTEMBER 3, 2024
The agreement and first production order represent a value of $1.4 The multi-year agreement sets Vasmobile up to scale across Kenya in 2025 and further expansion into other parts of Africa as of 2026. This commercial agreement with Vasmobile brings IDEX Biometrics to Kenya as a new market.
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Lowell Enhances Its Debt Collection Operations With a New Three-Year SaaS Partnership Extension With Tietoevry Banking
Fintech Finance
OCTOBER 18, 2024
The agreement covers service in Sweden. As part of the SaaS agreement, Lowell is always on the latest release of Collection Suite Nova and continuously has access to all new functionalities and improvements on the platform. We are happy to have a stable solution that allows us to work efficiently and serve customers better.
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Newland NPT and neoleap Forge Strategic Partnership to Pioneer Digital Payment Solutions
Fintech Finance
JULY 15, 2024
Newland NPT , a leading global provider of smart payment devices and associated infrastructure solutions, and neoleap , a trailblazing Saudi fintech company, renowned for its innovative financial solution, are pleased to announce the signing of a strategic cooperative partnership agreement.
Income Insurance and Allianz in Talks Over Potential Deal
Fintech News
JUNE 16, 2024
Income Insurance stressed that there is no certainty that a deal will be finalised or that any binding agreement will be reached. This seems to indicate that a change in share ownership or a significant investment might be on the horizon.
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Fiserv to Enhance its Embedded Finance Capability with Acquisition of Payfare Inc.
Fintech Finance
DECEMBER 23, 2024
NYSE: FI), a leading global provider of payments and financial services technology, today announced it has entered into a definitive agreement to acquire Payfare Inc. Fiserv , Inc. TSX:PAY), a provider of program management solutions with a particular focus on new economy workforces.
Ethiopian Remittances Market Bolstered Under New M-PESA Safaricom and Onafriq Partnership
The Fintech Times
MARCH 21, 2024
Looking to make financial services more accessible, M-PESA Safaricom has signed an International Money Transfer Agreement with Onafriq , the African digital payments network, to enable Ethiopian users to receive remittances from different parts of the world through M-PESA.
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Stripe to pay $1.1bn for stablecoin platform Bridge
Finextra
OCTOBER 22, 2024
Stripe has confirmed an agreement to acquire stablecoin platform Bridge in a deal worth around $1.1
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EIB Provides €220 Million to Nexi to Back Digital Payment Innovation in Europe
Fintech Finance
SEPTEMBER 26, 2024
The agreement was announced today in Milano by EIB Vice-President Gelsomina Vigliotti and Nexi Group CFO Bernardo Mingrone. This agreement is further confirmation that even major players like the EIB recognise Nexi’s vital role in developing and supporting digitalisation in Europe.”
Blockchain Technology Beyond Crypto: Fintech Innovations and Applications
Fintech Review
JUNE 25, 2024
Smart Contracts: Automating Financial Agreements Smart contracts represent a pivotal advancement facilitated by blockchain technology. These self-executing contracts enable automated verification, execution, and enforcement of agreements without intermediaries.
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Visa taps AI analytics partner to add merchant services
Payments Dive
OCTOBER 16, 2024
The card network giant has signed a new multi-year agreement with the marketing research firm Analytic Partners to deliver advertising insights to merchant clients.
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