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Pomelo and Thunes Partner to Drive Innovation in Cross-Border Finance with a New Credit-based Digital Wallet Solution

Thunes, a global money movement innovator, has joined forces with Pomelo, a pioneering credit-powered remittance company and credit card issuer, to introduce a groundbreaking international money transfer solution from the United States to the Philippines. This strategic partnership transforms the way remittances are handled via Thunes' digital wallet integration, reducing costs and connecting families in new ways.

Thursday, May 9, 2024 - 11:52
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/news/e-wallets/pomelo-and-thunes-partner-drive-innovation-cross-border-finance-new-credit-based
Financial IT
Can Innovation in Encryption Address Vulnerabilities Across the Credit Card Approval Process?

It’s no secret that the credit card approval process is complex. But because it involves several entities accessing highly sensitive data - the applicant, the bank, credit bureaus and credit scoring agencies - it’s also vulnerable, open to identity theft and financial fraud.

Thursday, May 9, 2024 - 11:46
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Financial IT
Equals Money to Power Innovative New Financial Management Platform, Chorus TM

Equals Money has today announced its collaboration with music-focused financial management platform, Chorus TM. The innovative platform, created by entertainment industry veterans, Simon Liddell and Freddy Greenish, and powered by Equals Money, offers a one-stop, cutting-edge platform for artist managers, business managers, tour managers, and others working in the music and entertainment industry.

Thursday, May 9, 2024 - 10:23
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/news/management/equals-money-power-innovative-new-financial-management-platform-chorus-tm
Financial IT
Citi Makes Strategic Investment in Cicada to Facilitate Institutional e-Trading of Mexican Government Bonds

Citi has made a strategic minority investment in Cicada Technologies Inc.

The investment was made by Citi’s Markets Strategic Investments unit, which is responsible for the sourcing and execution of strategic investments relevant to Citi’s Markets franchise. Citi will also act as a liquidity provider for the trading platform.

Thursday, May 9, 2024 - 10:19
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/news/investment/citi-makes-strategic-investment-cicada-facilitate-institutional-e-trading-mexican
Financial IT
MoneyHash Teams Up with Visa to Empower Secure and Enhanced Digital Payment Experiences

MoneyHash, a pioneering force in the Middle East and Africa’s payments and revenue operations sector, proudly announces its collaboration with Visa, a world leader in digital payments, for delivering secure and enhanced digital payments experiences.

Thursday, May 9, 2024 - 10:16
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/news/e-payments/moneyhash-teams-visa-empower-secure-and-enhanced-digital-payment-experiences
Financial IT
WaFd Bank to Streamline Payments for Small Businesses with CashFlow Central from Fiserv

Fiserv, Inc., a leading global provider of payments and financial technology, announced today that WaFd Bank has selected CashFlow CentralSM from Fiserv to enhance their robust small business banking offerings.

Thursday, May 9, 2024 - 10:12
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/news/payments/wafd-bank-streamline-payments-small-businesses-cashflow-central-fiserv
Financial IT
Nubank Surpasses 100 Million Customers

Nubank announced today that it has surpassed 100 million customers in Brazil, Mexico, and Colombia, making it the first digital banking platform to reach this milestone outside of Asia. The achievement comes on the heels of record 2023 financial results, with over US$1 billion in net profit and over US$8 billion in revenues, which attest to the solidity, efficiency, and scalability of Nubank’s business model.

Thursday, May 9, 2024 - 10:05
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/news/digital-banking/nubank-surpasses-100-million-customers
Financial IT
Leading Hedging Technology Company ALT21 Joins Temenos Exchange to Provide Banks Around the World with Automated and Affordable FX Hedging Solutions for SME Banking Services

ALT21, a leading hedging and cross-border payments technology company, today announced that its flagship solution for banks, BankHedgeTM, is now integrated with the Temenos banking platform and available for banks globally on the Temenos Exchange ecosystem of partner solutions.

Thursday, May 9, 2024 - 09:52
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/news/banking/leading-hedging-technology-company-alt21-joins-temenos-exchange-provide-banks-around
Financial IT
Access Bank Group and Mastercard Join Forces to Expand Opportunities for Cross-Border Payments for African Businesses and Consumers

 A leading multinational bank, Access Bank Group, has today launched an innovative solution in collaboration with Mastercard to expand access to cross-border payments and remittances to and from the continent, bringing Africa closer to the global economy.

Thursday, May 9, 2024 - 09:46
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/news/payments/access-bank-group-and-mastercard-join-forces-expand-opportunities-cross-border
Financial IT
BR-DGE Makes First APAC Hire as Part of International Expansion Strategy

As the business expands its global presence, payment orchestration provider, BR-DGE, has announced its first in-region hire for Asia Pacific.

BR-DGE has appointed Gerard Pottinger as Head of APAC to help drive the expansion and performance of the company's merchant operations and regional partnerships. Based in Sydney, Australia, Gerard was previously Head of Programmes at Entain, one of the world’s largest betting and gaming groups, where he led major projects across retail and digital domains.

Thursday, May 9, 2024 - 09:40
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/news/people-moves/br-dge-makes-first-apac-hire-part-international-expansion-strategy
Financial IT

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