Sun.Apr 21, 2024

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Fintech startup Ramp sees 32% bump in valuation, Mercury expands into consumer banking

TechCrunch Fintech

Welcome to TechCrunch Fintech! This week, we’re looking at Ramp’s big raise and valuation jump, Mercury’s move into personal banking, Klarna’s new credit card, global funding rounds and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:00 a.m. PT, subscribe here.

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Navigating the future of overdraft fees: Insights for debit card issuers

The Payments Association

New regulations will cap overdraft fees, drastically reducing them from around $30 to approximately $3, significantly impacting banks' revenue streams.

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Mastercard Launches Mobile App for Adding Virtual Cards to Digital Wallets

Fintech News

Payments giant Mastercard has launched a new mobile app that allows virtual commercial cards to be added directly to digital wallets, enhancing contactless payment solutions for businesses. This app is a development aimed at providing financial institutions with more options to offer secure and eco-friendly payment methods. The mobile virtual card app draws on Mastercard’s decade-long expertise in virtual card solutions that streamline the expense reporting and reconciliation process.

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Klarna sells virtual shopping business Hero

Finextra

Klarna is selling Hero, the virtual shopping platform it acquired in 2021, to video commerce outfit Bambuser in a deal worth around EUR1.3 million.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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SoftServe to Showcase Generative AI Innovations at Money20/20 Asia

Fintech News

SoftServe, a global IT consulting and digital services firm, is set to present its latest generative AI (Gen AI) technologies at the upcoming Money20/20 Asia conference. The event, scheduled for 23-25 April in Bangkok, Thailand, will highlight innovative applications of Gen AI designed to improve efficiency and customer service in the banking, financial services, and insurance (BFSI) sectors.

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Trulioo and Nium Collaborate to Enhance Cross-Border Payments with Enhanced Identity Verification

The Fintech Times

Identity platform Trulioo announces an expanded collaboration with Nium, the real-time cross-border payments company, at Money20/20 Asia in Bangkok. Nium has integrated the Trulioo Person Match identity verification capability to deliver rapid, compliant payment experiences for its UK operations. Initiating their partnership in 2015 for Nium’s North American operations, the capabilities and expertise of Trulioo have since empowered Nium to navigate highly regulated markets, ensuring anti-money l

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Mastercard and Nubank Eye Bettering Financial Health Across Brazil

The Fintech Times

In Brazil, around 84 per cent of adults have access to financial accounts, leaving the region ready to enhance its overall financial health; according to a new study by Brazilian neobank Nubank and payments giant Mastercard. Findings from the study by Mastercard and Nubank, which measured the financial inclusion impact on individuals, found that Brazil currently stands out in Latin America as being ready to grow financial inclusion and health, with 70 per cent card penetration, 55 per cent card

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Crypto trader convicted of $110m fraud

Finextra

A cryptocurrency trader has been convicted of fraud in connection with a $110 million market manipulation case.

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BNP Paribas Launches Tap to Pay on iPhone for French Retail Customers

The Fintech Times

BNP Paribas introduces Tap to Pay on iPhone, enabling French retail customers to accept in-person contactless payments using Apple’s technology, offering compatibility with CB, Visa and Mastercard. Tap to Pay on iPhone enables acceptance of various contactless payments, encompassing credit and debit cards, Apple Pay, and other digital wallets, solely through the Axepta BNP Paribas app on an iPhone, eliminating the need for additional hardware or payment terminals.

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British Fintech Ryft Expands to Europe with Clearhaus Partnership

Fintech Finance

Manchester-based innovative fintech Ryft , announces a new partnership with Clearhaus , allowing the Danish acquirer to leverage its technology solutions and cater to digital platforms and marketplaces. By partnering with Ryft, Clearhaus has a new way to serve the rapidly growing European digital business community, with over 23,000 underserved digital platforms and 3,000 marketplaces across Europe looking for a compliant way to monetise transactions without the current barriers to entry.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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WorldFirst Looks to Build Trust in B2B Trade ‘Through Digital Means’ With WorldTrade Launch

The Fintech Times

WorldFirst , a one-stop digital payment and financial services platform for global businesses, with a focus on small and medium-sized enterprises (SMEs) in international trade, has launched ‘WorldTrade’, a new payment solution for global sourcing. WorldFirst explained it hopes the launch will bolster the security and speed of cross-border payment for international SMEs that procure goods from suppliers based in China , while ensuring the prompt delivery of products for the SME buyers

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Trulioo and Nium Partner to Enhance UK Operations With Rapid, Compliant Payment Experiences

Fintech Finance

Trulioo , an industry-leading identity platform with proven global coverage for person and business verification, today announced at Money20/20 Asia its collaboration with Nium, the global leader in real-time cross-border payments. Nium integrated the state-of-the-art Trulioo Person Match identity verification capability to deliver rapid, compliant payment experiences for its U.K. operations.

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5 Habits of Highly Effective CFOs

The Finance Weekly

What could go wrong if your Chief Financial Officer (CFO) is not effective in their job? They could steer your company towards poor financial decisions, like risky investments, inaccurate budgeting, or insufficient cost control. Their absence of a clear financial strategy might also jeopardize the business, hindering the attainment of long-term growth and profitability objectives.

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WorldFirst launches WorldTrade

The Paypers

WorldFirst launches the global sourcing payments solution WorldTrade in order to facilitate secure, fast, and efficient B2B trade for SME customers.

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eCommerce in 2025: How Customer Experience Drives Online Retail Success

Speaker: Jennifer Wright and Nick Barron

2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt

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AffiniPay goes live in Puerto Rico

The Paypers

US-based AffiniPay has expanded into Puerto Rico with LawPay and CPACharge, enhancing payment solutions for legal and accounting professionals.

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