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Plaid raised $575 million in a down round valuing the company at $6.1 billion, which is less than half its 2021 valuation. The funding will support employee restricted stock units tax obligations and provide internal liquidity. Plaid’s delayed IPO likely reflects US open banking uncertainty, as the CFPB finalizes its data access rule. Waiting for regulatory clarity and consumer awareness could position Plaid for a stronger public debut down the road.
According to the Worldwide Retail Ecommerce Forecast 2024 by eMarketer, eCommerce will account for 21.0% of retail sales in 2025, amounting to $6.862 trillion. This is expected to grow to 22.6% and reach $7.956 trillion by 2027. Like most business owners, your instincts tell you to hop on the bandwagon and launch an online store for your business. But launching your eCommerce store is just half the equationaccepting payments efficiently and effectively is a whole different ball game.
The proposed $35 billion merger between Capital One Financial Corp. and Discover Financial Services cleared a major regulatory hurdle as the US Justice Department told financial regulators in a confidential memo that it didnt have sufficient evidence to block the transaction. The DOJ memo to the Federal Reserve and Office of the Comptroller of the […] The post Capital One-Discover deal waved ahead by antitrust officials appeared first on Bank Automation News.
CONT ACTLESS: UK consumers used the technology more frequently in 2024 and their average spend was greater A record 94.6% of all eligible in-store card transactions were made using contactless in the UK in 2024, Barclays reports, “surpassing the previous years record of 93.4%” Shoppers also used the technology more frequently in 2024 on average, 236 times across the year compared to 231 times in 2023.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
Money movement innovator Wise Platform has partnered with UK-based digital bank Zempler Bank. The partnership will enable Zempler Bank to launch a new Outbound International Payments service that will allow its customers to make international payments in both USD and EUR. Wise has 16 million individual and business users around the world. The London-based company made its Finovate debut at FinovateEurope 2013.
Ripple announced it has added its US dollar-backed stablecoin, RLUSD, to its Ripple Payments platform to support enterprise cross-border transactions using the digital asset. RLUSD, launched in December 2024, is designed primarily for business applications rather than retail use. Ripple said the stablecoin is aimed at improving the speed and reducing the cost of international payments processed through its network.
Adyen , the financial technology platform of choice for leading companies, today announced its expanded partnership with Temu , the global e-commerce platform that connects consumers with millions of merchandise partners, manufacturers and brands. Adyen helped Temu go live in the U.S. in 2022, and has since partnered with the online shopping platform in Canada, Europe, Oceania, South Asia, United Arab Emirates, the United Kingdom, and most recently, more South American countries. “TemuR
Adyen , the financial technology platform of choice for leading companies, today announced its expanded partnership with Temu , the global e-commerce platform that connects consumers with millions of merchandise partners, manufacturers and brands. Adyen helped Temu go live in the U.S. in 2022, and has since partnered with the online shopping platform in Canada, Europe, Oceania, South Asia, United Arab Emirates, the United Kingdom, and most recently, more South American countries. “TemuR
Arta Finance has launched Arta AI , an artificial intelligence-powered tool aimed at helping users manage their wealth through a digital interface. The platform enables clients to engage with a suite of AI agents for portfolio analysis, investment planning, and financial insights. The new feature is designed to offer personalized, on-demand assistance through voice or text, allowing users to ask questions such as How is my portfolio performing?
Nearly 75% of banks are actively exploring the deployment of gen AI technologies according to a Temenos report published today. The study, conducted by Hanover Research, surveyed 420 business and technology leaders in financial services in February and indicates that 36% of banks have already implemented or are implementing gen AI, while an additional 39% […] The post Survey reveals 75% of banks exploring gen AI use appeared first on Bank Automation News.
Enabling Ghanaians to receive money from abroad directly into their bank accounts or mobile money wallets, African paytech Flutterwave has launched Send App in the country. With Send App , individuals and businesses in Ghana can now receive international transfers effortlessly. Whether for family support, school fees, business transactions, or essential expenses.
SumUp announced the launch of a wide range of new products and solutions at its annual event this week. The new offerings include a proprietary Tap to Pay on Android solution, an upgraded Business Account, as well as enhancements to its point of sale solution. London-based SumUp won Best of Show in its Finovate debut at FinovateEurope 2013. Ecommerce and payments platform SumUp took the occasion of its annual Beacon event to announce the launch of a range of new products designed to address a va
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
Increased personalization and better financial management tools are driving satisfaction as more consumers rely on digital platforms to handle payments, lending, budgeting, wealth management and portfolio adjustments. Satisfaction among retail consumers in 2025 rose 11 points year over year to 655 on a 1,000-point scale, with customizable budgeting tools among key factors, according to the […] The post Personalization driving Allys Savings Buckets appeared first on Bank Automation News.
Following its final report into scheme and processing fees charged by Mastercard and Visa, today the PSR sets out the proposed remedies it is consulting on , designed to make improvements to the market: Better information for merchants and acquirers by requiring Mastercard and Visa to provide more transparency on fees so acquirers and merchants can assess and act on relevant pricing information.
American Express is developing payments solutions for small to medium-sized businesses through collaboration. By working with fintechs, the payments giant can develop solutions quickly, giving SMBs the peace of mind of working with reliable banking partners, Widad Chaoui, senior vice president, corporate and B2B solutions product management, global commercial services, told Bank Automation News.
Table of Contents If your business processes over $10,000 a month in credit card sales, you might be paying more than you should. Square recently raised its rates, especially for online and manually entered transactions. If you take payments over the phone, through invoices, or in an online store, these changes directly impact your bottom line. In this article, were reviewing Squares recent price increases and providing alternative solutions for you and your business.
Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever
PalmPay ( www.PalmPay.com ), a leading digital bank and fintech platform focused on emerging markets, has launched the PalmPay Debit Card in Nigeria in partnership with Verve, Africa’s largest domestic card scheme. The launch of its debit card represents a key milestone in PalmPay’s evolution – from a mobile wallet known for it’s fee-free transfers and cashback rewards into a full-service digital banking platform offering an integrated ecosystem for payments, savings, cre
The use of generative AI and fraudulently obtained accounts to execute synthetic identity fraud is on the rise, a Federal Reserve official said in a podcast interview.
Kroo Bank today announces the launch of its Flexible Cash ISA, reshaping the way millions of UK ISA users can save. Historically, ISAs have been hard to understand, often limiting basic financial flexibility like withdrawals or transfers. However, Kroos Flexible Cash ISA transforms ISAs from a powerful but restrictive method to a flexible, stress-free way to save which customers can use like a day-to-day saver, all while paying a great tax-free return.
Plaid Inc., the financial-technology company poised for an initial public offering, raised $575 million in a funding round from longtime existing investors Ribbit Capital and NEA and new institutional backers including Fidelity Management & Research Co., BlackRock Inc. and Franklin Templeton. Plaid raised the round which the firm said was oversubscribed and led by […] The post Fintech Plaid Raises $575M in funding round, eyes IPO appeared first on Bank Automation News.
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?
TrueLayer , Europe’s leading Pay by Bank network, has today announced a partnership with Papa Johns, one of the world’s most beloved pizza brands to introduce Pay by Bank, a seamless and secure payment method that enables customers to pay directly from their bank accounts. With TrueLayer’s open banking technology, Papa Johns customers can now enjoy an even smoother checkout experience, eliminating the need for card details.
New York, New York, April 3rd, 2025, FinanceWire Expands Access to Local Payment Rails and Enhances Global Stablecoin Liquidity Borderless.xyz , a global payments infrastructure company that enables transactions using stablecoins and real-world assets (RWAs), has officially welcomed BRLA Digital , a leading provider of stablecoin payments in Brazil, to the Borderless.xyz global stablecoin orchestration network.
With the growing demand for cryptocurrencies as a payment method in online businesses, accepting crypto payments has become an attractive option for worldwide businesses. Our crypto gateway provides businesses with a simple crypto payment integration. However, price volatility (especially dipping crypto prices) isnt something a business owner will want.
London, United KIngdom, April 3rd, 2025, FinanceWire Virturo.com Virturo senior strategists Eduard Becker and William Rieke have developed a series of AI-driven strategies aimed at refining contract-for-difference (CFD) trading for high-net-worth individuals (HNWIs). With combined decades of experience in quantitative analysis, algorithmic trading, and portfolio risk management, Becker and Rieke apply data-led methodologies through Virturos AI-powered trading platform.
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
In Asia, personalized investment strategies, enabled by tokenization, represent a US$3.3 trillion market opportunity for asset managers, offering a significant potential to boost assets under management (AUM), according to a paper by HSBC, Calastone, Marketnode, and Northern Trust. The whitepaper, released in October 2024, makes a case for the personalization of investments for HNWIs across Asia and explains how asset and wealth managers can leverage the power of tokenization to reduce costs and
The Payment Systems Regulator has set out a series of remedial measures to address the scheme and processing fees imposed on merchant by Visa and Mastercard.
BNPL (Buy Now, Pay Later) burst onto the scene as a game-changer, transforming how consumers shop and pay over time. What started as a consumer-friendly alternative to traditional credit is becoming a more concrete financing solution in the digital payments ecosystem, particularly in emerging markets like BNPL regulation in Asia. Research and Markets projects that the Buy Now, Pay Later (BNPL) market in the Asia Pacific region will experience significant growth, expanding at an annual rate of 14
Plaid has raised $575 million in a secondary share sale that sees the open banking platform's valuation drop from $13.4 billion in 2021 to $6.1 billion.
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.
Linedata (Euronext Paris: LIN), a global provider of asset management and credit technology, data, and services, today announced the acquisition of NROAD, a proven specialist in AI-enabled automated unstructured financial data processing based in Boston and Pune, India.
VizyPay , a leading payment processing fintech serving small businesses in rural America, proudly announces its fourth consecutive year on the 2025 Inc. Regionals list, ranking #89 overall in the Midwest, No. 3 in Iowa, and No. 4 in financial services. The esteemed awards recognize the fastest growing privately owned companies in the United States, and this achievement underpins VizyPay’s incredible growth and relentless commitment to serving SMBs across the country. “Our continued g
Ortec Finance, a global leader in personal financial planning technology, is deepening its commitment to the UK market with the appointment of Mark Glover as Managing Director Head of UK Wealth Management.
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.
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