Payments Dive
NOVEMBER 1, 2024
“For better or for worse, applying pressure to payments organizations to ferret out bad-merchant actors seems to be an effective way for the FTC to make private industry police the merchant marketplace,” writes an industry lawyer.
Finovate
NOVEMBER 1, 2024
This week’s edition of Finovate Global features news from the fintech industry in Nigeria. Africa’s newest fintech unicorn raises $110 million African fintech Moniepoint is the continent’s latest fintech unicorn. The firm, Nigeria’s largest merchant acquirer, announced this week that it has raised $110 million in a funding round led by private equity firm Development Partners International (DPI).
Finextra
NOVEMBER 1, 2024
The US Securities and Exchange Commission (SEC) has charged JP Morgan Securities and JP Morgan Investment Management Inc. (JPMIM) in five separate actions.
The Payments Association
NOVEMBER 1, 2024
Employee demands have evolved significantly over the past few years, transforming the employee benefits ecosystem and disrupting a field traditionally dominated by standardised packages. Worldwide, companies recognise that employee benefits are more than just a monthly salary, and innovative platforms are now available in the marketplace that can improve talent retention, enhance productivity, and boost morale through personalised benefits, instant payments and rewards, and more.
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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?
Fintech Finance
NOVEMBER 1, 2024
iCapital , the global fintech platform driving the world’s alternative investment marketplace for the wealth and asset management industries, and AltExchange , a leading AI-driven technology firm transforming alternative investment data aggregation, management, and reporting for financial advisors and asset managers, today announced they have entered a definitive agreement under which iCapital intends to acquire AltExchange.
Payments Dive
NOVEMBER 1, 2024
Cash use worldwide will drop significantly next year, despite its U.S. persistence, the research firm Forrester predicts. Meanwhile, business-to-business acquisitions in the payments realm will pick up.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Finextra
NOVEMBER 1, 2024
Melio, an accounts payable and receivable platform for small and medium businesses, has hit a $2 billion valuation in a $150 million strategic funding round led by Fiserv.
Fintech Finance
NOVEMBER 1, 2024
MyGuava in association with Crystal Palace Football Club is thrilled to launch exclusive Crystal Palace Fan Cards with rewards and a variety of perks as well as a unique opportunity for fans to celebrate their connection to the club while enjoying MyGuava’s seamless payment solutions. Palace fans can now download the MyGuava App and order a Crystal Palace Card, choosing from three custom-designed cards: ‘Palace Gold’, ‘Palace Sash’ and ‘Selhurst 100’.
Bank Automation
NOVEMBER 1, 2024
Tech giants are reporting growing cloud business as companies around the globe adopt generative AI technology. “This business [AI] has real momentum, and the overall opportunity is increasing as customers embrace gen AI,” Google Chief Executive Sundar Pichai said during the company’s third-quarter earnings call on Oct. 29. Microsoft is seeing continued growth in […] The post Tech roundup: Giants report growing cloud revenue appeared first on Bank Automation News.
Fintech Finance
NOVEMBER 1, 2024
The Challenge Cross-border payments are critical yet often costly and complex, especially for growing businesses expanding into Southeast Asia and South Asia. Geopolitical shifts have diversified supply chains, and real-time payments have become the preferred method for digital transactions in these regions. Traditional card payment schemes, with their high fees and slow settlement times, are inadequate for the fast-paced, dynamic markets of Southeast Asia and South Asia.
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
The Fintech Times
NOVEMBER 1, 2024
Investment platform Bamboo has launched a remittance app, ‘Coins by Bamboo’, designed to facilitate money transfers for Nigerians in the diaspora. The app, backed by a Canadian Money Service Business licence, aims to provide a faster and more cost-effective option for sending money home. In addition to remittances, users can donate to various charitable foundations through the app.
Fintech Finance
NOVEMBER 1, 2024
TBC Bank Uzbekistan (TBC UZ), the country’s largest mobile-only bank, announces the soft launch of Salom Card, its flagship debit card product. Salom Card will initially be released exclusively for waiting list subscribers, with full rollout to follow shortly. A sleek and innovative daily banking product, Salom Card will transform how people in Uzbekistan interact with their bank.
The Fintech Times
NOVEMBER 1, 2024
Yape, a Peruvian super app for digital payments, has teamed up with TerraPay , a global money movement company, to simplify remittance transfers for millions of Peruvians. In 2023, Peru received approximately $4.4billion in remittances, supporting the demand for streamlined, efficient money transfer options. The partnership aims to broaden financial inclusion as well as improve access to remittances by enabling funds sent via TerraPay’ s network to be received directly within the Yape app.
Fintech Finance
NOVEMBER 1, 2024
Sifted published “The Sifted 30”: Eastern Europe and Baltics Leaderboard, which ranks the fastest-growing startups in the region by revenue growth. Lithuanian fintech startup Torus has secured 8th place, becoming the leader among Lithuanian fintech startups in this category. “We are thrilled to see that Torus is really enabling banks and fintechs to optimise the way they deal with Visa and Mastercard fees and gain double or even triple digit profitability improvement.
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.
The Fintech Times
NOVEMBER 1, 2024
Klarna has expanded its partnership with Worldpay , allowing thousands of merchants worldwide to offer Klarna as a standard payment method alongside traditional options. The collaboration is set to position Klarna within Worldpay’s extensive merchant network, aligning with consumer demand for flexible payment options. Klarna will be available as a default, enabling Worldpay merchants to offer customers choices like immediate payments, interest-free BNPL as well as longer-term financing, supporti
Fintech Finance
NOVEMBER 1, 2024
MiFinity , a leading global payment services provider, is delighted to announce the appointment of Linus McDonnell as the company’s new Chief Innovation Officer. Based in Dublin, McDonnell will spearhead MiFinity’s innovation strategy, with a key focus on accelerating the integration of artificial intelligence (AI) throughout the company’s infrastructure to enhance product offerings and operational efficiencies further.
The Fintech Times
NOVEMBER 1, 2024
Starling Bank , the British digital challenger bank, has launched a new tool to help customers identify and protect themselves against bank impersonation scams. Through the new tool, Starling Bank is hoping to help customers identify and protect themselves against bank impersonation scams. A ‘call status indicator’ will instantly let customers know if they’re receiving a genuine call from Starling, enabling them to quickly know if a scammer is on the phone, trying to persuade them to make a pay
Fintech Finance
NOVEMBER 1, 2024
Melio , a leading accounts payable and receivable platform for small and medium businesses, has announced it has raised an additional $150 million in a strategic funding round led by Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions. Shopify Ventures and Capital One Ventures also participated in the funding round, which will help fuel the company’s growth through partnerships.
Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes
Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.
The Fintech Times
NOVEMBER 1, 2024
emerchantpay , a global payment service provider and acquirer, has joined forces with Cybersource , a part of Visa Acceptance Solutions to expand global acquiring reach and streamline tech integrations for merchants. The collaboration expands emerchantpay’s global acquiring capabilities and extends its reach, while providing access to integrations with established technology and infrastructure providers through a single connection.
Fintech Finance
NOVEMBER 1, 2024
Klarna , the AI-powered global payments network and shopping assistant, announces the launch of its flexible payment options for Zoom Workplace , enabling users across the US and multiple European markets* to access Zoom’s premium services with greater financial flexibility. The initiative aims to make digital collaboration more accessible and affordable for businesses and individuals alike.
Finextra
NOVEMBER 1, 2024
Richard Peers, Contributing Editor, Finextra and Founder of Responsible Risk, connects with Rochelle Mountany, CEO, and Dicky Thomas, Operations Manager at Afri, to discuss the company’s 26-year journey and their win in the Established Category for the Sustainable Finance Live Hackathon 2024. After choosing the Challenge of enhancing nature through sustainable agriculture with large language models and geospatial data, this hackathon team created AfriGIS Ecohub that built upon Afri’s specialisat
The Paypers
NOVEMBER 1, 2024
Revolut , a global financial app, has partnered with Upvest to expand its wealth and trading offering by launching ETFs and fractional European stocks.
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Finextra
NOVEMBER 1, 2024
Paxos, the leading regulated blockchain and tokenization infrastructure platform, today introduced Global Dollar (USDG) - a US dollar-backed stablecoin that is substantively compliant with MAS’ upcoming stablecoin framework. Paxos Digital Singapore Pte. Ltd. is the issuer of USDG and is regulated by the Monetary Authority of Singapore (MAS). Paxos’s affiliate, Paxos Global Pte.
The Paypers
NOVEMBER 1, 2024
Transak USA LLC, a provider of Web3 payments infrastructure, has acquired its second Money Transmitter Licence (MTL) from the State of Delaware.
Finextra
NOVEMBER 1, 2024
Africa-based startup Tehanu has completed its first ‘interspecies money’ transfer, which enables the transfer of funds through digital wallets associated with the conservation of Rwandan mountain gorillas.
EBizCharge
NOVEMBER 1, 2024
Getting paid has always been a critical component for any company since incoming funds drive revenue and allow for acquiring and allocating resources to various high-priority operations that keep your business afloat. When a buyer pays less than the billed amount, also known as a short payment, significant challenges can arise for businesses trying to maintain a healthy cash flow.
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Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.
Finextra
NOVEMBER 1, 2024
Barclays has completed the £600 million acquisition of Tesco Bank’s retail banking business.
Bank Automation
NOVEMBER 1, 2024
Technology provider nCino Oct. 30 announced plans to acquire SaaS platform FullCircl for $135 million cash. The acquisition will create an entity that enables financial institution customers to “unify and intelligently manage the entire client lifecycle across information intake, document collection and customer due diligence in one place, regardless of the entity’s complexity,” Pierre […] The post M&A: nCino to acquire FullCircl for $135M appeared first on Bank Automation News.
Finextra
NOVEMBER 1, 2024
The FCA and PSR boards have announced the appointment Alison Potter as chair of the FCA’s Regulatory Decisions Committee (RDC) and the PSR’s Enforcement Decisions Committee (EDC).
Paystand
NOVEMBER 1, 2024
Key Takeaways Paystand advances decentralized finance, addressing risks in traditional banking through blockchain. Its Assurety Protocol on Ethereum enhances B2B payment security and auditability. The DeFi Card offers Bitcoin “sats” as a rewards model, countering inflation. Ethereum-based smart contracts streamline cash flow between buyers and suppliers.
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