International money transfer start-up reaches the 1.5 million customer milestone with over 3,000 new users every day.
UK-based fintech Paysend announced that their Global Transfers service has reached 1.5 million customers, despite only having been founded in April 2017. With roughly 300 million people globally sending money across borders on a regular basis, Paysend’s user base represents a significant market share, and indicates the high rate of growth enjoyed by the business.
Equiniti Group plc, an international technology-led services and payments specialist, is delighted to announce that its risk management business, Equiniti Riskfactor, has joined forces with Codat, the accounting integration API provider.
Volante Technologies, a global provider of payments and financial messaging solutions to accelerate digital transformation, today announced it has been named a Leader in the IDC Marketscape: Worldwide Integrated Payment Platforms 2019-2010 Vendor Assessment (IDC #US46024520, Feb 2020).
Elavon, a global payments leader, has announced a collaboration with Nuapay, the London-based subsidiary of payments pioneer Sentenial, to provide selected open banking solutions to Elavon customers.
Finantix, the leading global provider of trusted technology to the wealth management, insurance and banking industries, today announced the execution of a binding agreement for the acquisition of InCube Group AG. The Zürich-based firm boasts an interdisciplinary team of Artificial Intelligence (AI) specialists, quant and software engineers and finance experts that provide data-driven, AI-enabled products and solutions to wealth management and insurance companies.
Alipay, the world’s leading mobile payment platform operated by Ant Financial Services Group, today announced a three-year plan to further open up its platform to support the digital transformation of 40 million service providers across China.
The plan marks a major milestone as Alipay continues to strengthen its positioning in China, evolving from a platform that provides inclusive financial services to an open, vibrant digital ecosystem that offers users a gateway into a comprehensive digital lifestyle, right in the palms of their hands.
We are pleased to announce our strategic partnership with Visa to enable Paga and Visa work closely in accelerating secure and convenient mobile payments for merchants and consumers in markets where Paga operates.
Hong Kong-based digital asset custody firm First Digital Trust has scored a $3 million investment from Taiwanese venture studio Nogle.
Nogle's investment will support the upcoming launch of an Asian instant settlement network designed to "transform the way digital assets are owned, traded and invested in".
Deutsche Bank has taken a minority stake in Qplix as part of a cooperation agreement with the Munich-based wealth management software firm.
Starting in Germany, the Qplix software will serve as the basis for Deutsche Private Port, providing the ability to map, analyse and manage all asset classes including illiquid investments such as real estate and private equity.
It’s easy to get caught up in all the excitement with artificial intelligence (AI) and lose sight of the reality of what it can deliver. This is because debate usually focuses on the ambitious uses of AI technology, rather than what it can effectively offer today.
It’s time for those in financial services to get smart with AI, which means not attempting to get AI to ‘do it all’ and instead leverage it to deliver efficiencies and value at low cost and with minimal risk.
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