Continued growth in merchant outlet and EFTPOS terminals numbers worldwide strengthens coverage of all schemes, but acceptance of the largest players differs significantly between regions

82% of payment terminals now accept contactless

Marking its official launch today, Beaver Bitcoin is a non-custodial exchange that allows Canadians to set up an automatic weekly bitcoin purchase, directly from their bank account. From now until the end of the year customers can try the service for free.

Shareholder voting FinTech Tumelo has brought together partnerships with proxy advisors Glass Lewis and Pensions & Investment Research Consultants (PIRC), as well as with As You Sow, to combine with its own in-house technology to deliver pass-through voting to the institutional and retail clients of fund managers.

Tumelo provides the pipes for the votes whereas the proxy advisors provide the advice and recommendations.

UnionPay, one of the world’s largest card payment networks, and epay, the full-service payment provider owned by Euronet Worldwide Inc. (NASDAQ: EEFT), have launched UnionPay’s innovative QR code payment service in Europe, the companies announced today.

The world of technology and everything associated with it moves quickly. Identity verification is no different. With 2023 drawing ever closer, we are looking towards five trends and challenges in the fields of data security and privacy, fraud prevention and regulations that will shape how companies verify the identity of their customers in the new year and beyond. 

1. Digital identity to forge ahead

TradeSun, a leading provider of artificial intelligence solutions for trade compliance and automation, has acquired data company Coriolis Technologies, to expedite ESG-compliant trade.

The strategic acquisition will allow the TradeSun network, of global and regional banks around the world, to expand with further innovation across trade and the supply chain. It follows a partnership agreement by TradeSun and Coriolis earlier this year.

Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds managed by Apax Partners, announced today that National Bonds, the UAE’s leading Shariah-compliant savings and investment company owned by the Investment Corporation of Dubai, has selected Azentio’s market-leading Islamic Banking solution, iMAL, to support its quest to improve process efficie

LDC, the private equity arm of Lloyds Banking Group, has made a significant investment in capital markets technology firm Etrading Software, a global provider of technology-led solutions to address highly complex and constantly evolving market and regulatory challenges. Etrading Software specialises in the provision of market and reference data used by international financial institutions.

WealthKernel, a wealthtech provider of digital investment services, today announces its partnership with tendy, an educational investment platform for UK teens. 

tendy will use WealthKernel’s core investing infrastructure, including trading and custody services, fractional stocks and ETFs, client onboarding (KYC), and access to different account types. 

Research shows that 43 per cent of financial services organizations expect the cost-of-living crisis to increase the risk of financial crime and fraud over the next 12 months, as scammers target vulnerable consumers struggling with rising bills.