All content with RSS

AstroPay Continues Global Expansion with Payment Institution License for Multicurrency Wallet in Brazil

AstroPay, a global leader in digital financial solutions, is redefining financial connectivity in Brazil with its strategic expansion and acquiring a coveted Payment Institution (PI) license issued by the Central Bank of Brazil. This license is from the Central Bank of Brazil, underscoring AstroPay’s commitment to delivering secure, compliant, and user-friendly cross-border payment solutions.

Friday, January 31, 2025 - 11:30
63514
/news/payments/astropay-continues-global-expansion-payment-institution-license-multicurrency-wallet
Financial IT
Emirates NBD Group's Deniz Ventures and Qatar's Rasmal Ventures Invest $7.6 Million in TeamSec to Advance Securitization Innovation

Deniz Ventures, the venture capital fund of DenizBank, established under the Emirates NBD Innovation Fund—the Corporate Venture Capital arm of Emirates NBD Group—and Rasmal Ventures, a leading Doha-based venture capital firm, have jointly invested in TeamSec, the world's first AI-powered securitization platform, transforming the structured finance industry through its innovative Securitization-as-a-Service platform.

Friday, January 31, 2025 - 11:23
63513
/news/investment/emirates-nbd-groups-deniz-ventures-and-qatars-rasmal-ventures-invest-76-million
Financial IT
EWPN Announces New Leadership to Drive Diversity in Payments

After founding and serving the EWPN community for the past decade seeing 1000s of people connect and flourish, Co-Founders Martha Dali Mghendi-Fisher and Nadja van der Veer have taken the decision to stand down as registered Directors of the EWPN, the community that they both cherish. They will continue in the capacity of Special Advisors to the Executive Directors. Angela Yore and Merima Mahmutovic will step up and join Co-Founder Silvia Mensdorff-Pouilly as the registered Directors to take this thriving organisation forward.

Friday, January 31, 2025 - 10:53
63512
/news/people-moves/ewpn-announces-new-leadership-drive-diversity-payments
Financial IT
Lendo Secures $690 Million Facility Led by J.P. Morgan to Boost SME Financing in Saudi Arabia

Lendo, the leading debt crowdfunding platform in Saudi Arabia, has secured a USD 690 million (SAR 2.6 billion) warehouse facility led by J.P. Morgan. Supported by Fintech Saudi, this milestone underscores the growth in Saudi Arabia's fintech sector and the vast opportunity in SME financing in the economy.

The facility is expected to contribute to an increase in job creation in the Kingdom, demonstrating Lendo's commitment to domestic economic growth and employment.

Friday, January 31, 2025 - 10:46
63511
/news/fundraising-news/lendo-secures-690-million-facility-led-jp-morgan-boost-sme-financing-saudi
Financial IT
Taxpayers Pay HMRC Over £12 Billion Using Pay by Bank

There has been a substantial rise in the number of people using a simpler way to pay their tax bill ahead of the self-assessment deadline on 31st January. Taxpayers are increasingly using Pay by Bank technology to send money to His Majesty's Revenue and Customs (HMRC).

Friday, January 31, 2025 - 09:06
63510
/news/payments/taxpayers-pay-hmrc-over-ps12-billion-using-pay-bank
Financial IT
Policy Expert Appoints Mark Wilson as Chair to Steer Next Stage of Growth

Policy Expert, one of the UK’s leading personal lines insurers spanning home, motor, and pet insurance to over 1.5million customers today announces the appointment of Mark Wilson as its new Chair, as it looks to accelerate growth and build on its position as one of the UK’s fastest-growing insurance brands.

The appointment will take effect from February 2025.

Friday, January 31, 2025 - 09:02
63509
/news/people-moves/policy-expert-appoints-mark-wilson-chair-steer-next-stage-growth
Financial IT
CFPB Orders Wise to Pay $2.5 Million for Illegal Remittance Practices

The Consumer Financial Protection Bureau (CFPB) today ordered the international remittance company Wise to pay nearly $2.5 million for a series of illegal actions, including advertising inaccurate fees and failing to properly disclose exchange rates and other costs. Wise allows customers to send, receive, and store remittances through a mobile app and prepaid accounts and debit cards. The CFPB found the company misled customers in the United States about its ATM fees and failed to properly disclose other fees.

Friday, January 31, 2025 - 08:56
63508
/news/compliance/cfpb-orders-wise-pay-25-million-illegal-remittance-practices
Financial IT
Cedar Money Raises $9.9 Million Seed Round Led by QED Investors to Enable Cross-Border Stablecoin Payments

Cedar Money, a payments company that enables seamless cross-border money movement on stablecoins, announced today a $9.9 million seed round led by QED Investors, with participation from North Island Ventures, Wischoff Ventures, Lattice, and Stellar. The funding will enable Cedar Money to accelerate its mission of transforming international money flows using cutting-edge payment infrastructure.

Thursday, January 30, 2025 - 17:10
63506
/news/fundraising-news/cedar-money-raises-99-million-seed-round-led-qed-investors-enable-cross-border
Financial IT
Leading Nursing Facility Cuts Turnover by 50% with DailyPay Benefit for Employees

The Springs Arkansas, the leading skilled nursing provider across Arkansas, is celebrating three years of partnership with DailyPay – a worktech platform and leading provider of earned wage access. Throughout this partnership, The Springs Arkansas is empowering employees with the ability to access their earned pay on their own timeline.

Thursday, January 30, 2025 - 17:06
63505
/news/wealth-management/leading-nursing-facility-cuts-turnover-50-dailypay-benefit-employees
Financial IT
NMI Announces Support for Network Tokenization, Reducing Operational Costs and Enhancing Security for ISOs, Software Providers, and Their Merchants

NMI®, a global leader in embedded payments infrastructure, announces NMI Customer Token Vault, a new extension to the NMI Gateway. Customer Token Vault introduces network tokenization with dynamic tokens issued and managed by major card networks, along with the ability to securely store and protect sensitive card data for processor agnostic provider tokens.

Thursday, January 30, 2025 - 17:01
63504
/news/cryptocurrencies/nmi-announces-support-network-tokenization-reducing-operational-costs-and
Financial IT

Pages