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Weavr Secures E-Money Licence to Transform Embedded Finance for B2B SaaS Across Europe
Today, Weavr announces that it has acquired a European e-money licence.  The licence is significant for both Weavr and the embedded finance industry as it aids the expanded adoption of embedded finance by B2B SaaS businesses.
Thursday, July 25, 2024 - 09:48
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/news/payments/weavr-secures-e-money-licence-transform-embedded-finance-b2b-saas-across-europe
Financial IT
Cash’s Share of In-Store Spend Is Projected to Be Slashed in Half by 2027 According to Worldpay Report

The use of cash in Singapore is forecast to decline by more than half by 2027 according to findings in the 2024 Global Payments Report from Worldpay, a leading payments technology and solutions. Data in the report suggests cash use will drop from 15% (S$23 billion) of point-of-sale transaction value in 2023 to 7% (S$11.4 billion) by 2027. Singapore is projected to join France, South Korea, the UK and the U.S., where the transaction value for cash is also forecast to fall below the 10% mark by 2027.

Thursday, July 25, 2024 - 09:44
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/news/cash-management/cashs-share-store-spend-projected-be-slashed-half-2027-according-worldpay
Financial IT
Curql Leads Funding Round in ModernFi to Bring the First Deposit Network to Credit Unions

Curql, a collective of credit unions jointly investing in fintech, has added ModernFi to its investment portfolio. This investment marks a significant milestone in establishing the first deposit network for credit unions and as the first investment for Curql Fund II, further solidifying Curql's mission to bring relevant and competitive solutions to the credit union industry. 

Thursday, July 25, 2024 - 09:40
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/news/investment/curql-leads-funding-round-modernfi-bring-first-deposit-network-credit-unions
Financial IT
Revolut Receives UK Bank License After 3-Year Wait

Revolut, a global financial super app serving over 45 million customers worldwide and 9+ million customers in the UK, is thrilled to announce that it has been authorized as a UK bank subject to restrictions. This significant milestone marks an important step in Revolut's journey to launch its bank to customers in the UK.

Thursday, July 25, 2024 - 09:30
60944
/news/banking/revolut-receives-uk-bank-license-after-3-year-wait
Financial IT
DeepBrain AI Launches Intelligent Generative AI Bank Tellers at Shinhan Bank in Korea

DeepBrain AI, a pioneering generative AI company, is proud to announce the launch of the latest iteration of its AI Bank Teller complete with next-generation machine learning. Developed in collaboration with Shinhan Bank, this deep learning technology aims to revolutionize banking by creating interactive AI versions of employees to service customers.

Wednesday, July 24, 2024 - 15:11
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/news/financial/deepbrain-ai-launches-intelligent-generative-ai-bank-tellers-shinhan-bank-korea
Financial IT
Empowering Customers in the Modern and Responsible Payments Landscape

Wherever you look – the way consumers approach banking and payments has shifted. Trends that were already in motion before 2020 were accelerated further by the pandemic. Consumers are increasingly adopting digital wallets, contactless payments, and online banking, spurred by convenience and the rise of e-commerce.

Wednesday, July 24, 2024 - 14:59
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/blog/payments-transformation/empowering-customers-modern-and-responsible-payments-landscape
Financial IT
PayU GPO appoints Simona Covaliu as Chief Risk Officer

PayU GPO, the leading online payment service provider operating in over 50+ emerging markets, today announces the appointment of Simona Covaliu as Chief Risk Officer.

Covaliu brings over 18 years of experience to the role, having worked at various global companies including Booking.com as Senior Risk Manager, Uber as Chief Risk and Compliance Officer, and Mambu as VP of Risk and Compliance.

Wednesday, July 24, 2024 - 14:48
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/news/payments/payu-gpo-appoints-simona-covaliu-chief-risk-officer
Financial IT
Papaya Global and Cegid Announce Partnership

Papaya Global, the ultimate workforce payroll and payments platform, and Cegid, a European leader in cloud management solutions for professionals in the finance (treasury, tax, ERP), human resources (payroll, talent management), accountancy, retail and entrepreneurship sectors, today announced their partnership offering clients a holistic solution for hiring, managing, and paying their global workforce.

Wednesday, July 24, 2024 - 14:44
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/news/infrastructure/papaya-global-and-cegid-announce-partnership
Financial IT
How the CrowdStrike Incident Shows Financial and Other Organizations Must Do More to Protect Clients, Customers, and Themselves From Technology Failure

Last week’s global IT outage affecting 8.5 million Windows PCs once again highlights the vulnerabilities in the computer systems of some of our largest companies and organisations. The failure, triggered by an update of CrowdStrike cybersecurity software, disrupted services and sectors including airlines, online transactions, cash machines,  card payments for retailers like Morrisons and many high street banks. Even NHS GP and cancer-treatment appointments were cancelled.

Wednesday, July 24, 2024 - 14:42
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/blog/it-bank-crowdstrike/how-crowdstrike-incident-shows-financial-and-other-organizations-must-do
Financial IT
Fireblocks Launches Self-Service Suite for Startups to Empower Builders Amid Crypto Sentiment Shift

 

Wednesday, July 24, 2024 - 14:10
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/news/security/fireblocks-launches-self-service-suite-startups-empower-builders-amid-crypto-sentiment
Financial IT

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