Thredd Closes Momentous Year with Record Growth
- 2 years 7 months ago
- Payments
Thredd, the leading next-gen issuer payments platform, announced that 2023 will deliver the best performance in the company’s history. With strong support from investors including Advent International, Viking Capital, Temasek, and Mission OG, Thredd expanded its leadership role in the payment ecosystem, driving client-centric expansion across global markets with sights set on leveraging this momentum for future growth.
Virgin Money Adds Pension Capability to FNZ Platform
- 2 years 7 months ago
- Investment
Virgin Money has announced the launch of a new pension offering, enhancing its digital platform and further extending its partnership with FNZ. The innovative digital investment solution was initially launched in April 2023, and aimed to make investments more accessible, straightforward and transparent for UK retail investors.
Worldline Introduces its New Food Services Payments Suite Enhancing Payment Experience for Restaurants and Their Guests
- 2 years 7 months ago
- Payments
Worldline, a global leader in payments services, has launched the Worldline Food Services Payments Suite, an end-to-end solution offering an enhanced, seamless, and secure payment experience for the food and beverage industry, particularly for quick service restaurants and their guests.
CFPB Issues Report Showing Many Americans Are Surprised by Overdraft Fees
- 2 years 7 months ago
- Lending
The Consumer Financial Protection Bureau (CFPB) today issued a new report finding that many consu
Israel Based Phoenix Leverages Broadridge's Order Management System to Drive International Institutional Trading Expansion
- 2 years 7 months ago
- Trading Systems
Phoenix Investment House, the capital market, brokerage, and fund management arm of Phoenix Holdings, a leading Israel-based insurance, asset management, and financials group (“Phoenix”) has selected the Order Management System (OMS) of Global Fintech leader Broadridge to drive expansion of international institutional trading on the Tel Aviv Stock Exchange.
Hakbah Fintech Closes $5.1 Million Series A, Funding Round
- 2 years 8 months ago
- Fundraising News
Hakbah, the leading Saudi-based fintech savings platform, announces its successful $5.1 million Series A fundraising. The funding round was led by VentureSouq - the MENA-based venture capital firm with a global portfolio. Also participating were new investors M-Capital and Bunat Ventures; and existing investors Global Ventures and Aditum Investment Management Ltd.
Travel Debit Card Currensea Saves Travellers Over £3M in Exchange Fees
- 2 years 8 months ago
- Personal Finance, Payments
The UK’s first travel debit card Currensea, has saved travellers over £3 million in foreign exchange (FX) fees since its launch in 2020. The Currensea card saves at least 85% on every overseas transaction by cutting out the normal fees leveraged by banks.
bunq Becomes the First AI-powered Bank in Europe as it Unveils its Own GenAI Platform
- 2 years 8 months ago
- Mobile Banking
bunq, the second largest neobank in Europe, launches Finn, a GenAI platform available to all its users. Effectively replacing the search function on the app, Finn will enable bunq users to live the life they want, with help of bunq: plan their finances, better budget, navigate the app, easily find transactions and much more.
CFPB Orders U.S. Bank to Pay $21 Million for Illegal Conduct During COVID-19 Pandemic
- 2 years 8 months ago
- Banking
The Consumer Financial Protection Bureau (CFPB) today ordered U.S.
Volt and ekko Partner to Help Consumers Remove Plastic from Ocean, Tracking Impact in Real-time
- 2 years 8 months ago
- Payments
Volt, the global real-time payments platform, today announces its partnership with embedded sustainability fintech, ekko. The collaboration enables consumers and retailers to support the removal of plastic bottles from the ocean at checkout, which are then tracked in real-time to measure the environmental impact of payments.
Vertex Achieves Certified Integration with the Mirakl Marketplace Platform
- 2 years 8 months ago
- Accounting
Vertex, Inc., a global provider of tax technology solutions, and Mirakl, the global leader in platform business innovation, announced today the certified integration of Vertex® O Series® and the Mirakl Marketplace Platform.
Western Union Expands Network of Concept Stores across the UK and Europe
- 2 years 8 months ago
- Infrastructure
Western Union, a leader in the cross-border money movement, continues to expand its network of concept stores in the United Kingdom and Europe, having now inaugurated 100 locations in total. This forms part of the company’s global retail strategy, aiming to offer customers enhanced service and, ultimately, enable them to enjoy an omni-channel experience.
Financial Frontiers Crossed: Transfer Galaxy and Intergiro Forge Alliance to Reshape Global Remittances
- 2 years 8 months ago
- Digital banking
In an increasingly global world where seamless and immediate transactions are expected, the ability to bank directly with one's remitter should be the norm, not the exception. At least, that is what Transfer Galaxy and Intergiro believe and aim to bring about with their innovative partnership.
Hawk AI Welcomes OTTO Payments as a Customer of Scalable AML Compliance Software
- 2 years 8 months ago
- AML and KYC
Hawk AI, Germany’s leading provider of anti-money laundering surveillance technology for banks, payment firms, and fintechs, today announced OTTO Payments, the payments division serving the otto.de marketplace, as a client. With the partnership, OTTO Payments will make use of Hawk AI’s Transaction Monitoring and Customer Screening technology, powered by explainable AI, to ensure effective Anti-Money Laundering (AML) compliance.
SellersFi Closes Credit Facility up to $300M with Citi and Fasanara Capital
- 2 years 8 months ago
- Fundraising News
SellersFi, a global, cutting-edge financial technology startup, closed a new US credit facility with Citi and independent asset manager Fasanara Capital for $135MM with the potential to grow up to $300M as SellersFi expands. The senior capital is provided by Citi with a portion from Fasanara, and the mezzanine capital is provided solely by Fasanara. Also, Fasanara is renewing its commitment to SetoersFi by continuing its support to SellerFi as a...
