Paysend, the UK-based fintech business, has expanded its global reach by launching its money transfers service to Turkey.  Users are now able to transfer money to any bank account or card issued in Turkey.

Europe and Central Asia is an important growth market for global money transfers.  Global money transfers to the region grew almost 11 percent to $59 billion in 2018, according to the World Bank.

Today, Ripple is thrilled to announce $200 million in Series C funding—an investment that marks a record year for the business and further proves the value of blockchain technology in improving global payments and the broader utility of the digital asset XRP and the XRP Ledger.

The Series C was led by Tetragon with participation from SBI Holdings and Route 66 Ventures. These notable investors not only underscore Ripple’s long-term potential, but as partners, they offer invaluable industry insight and expertise to help Ripple’s business grow on a global scale. 

Peltarion, leading AI innovator and creator of an operational deep learning platform, today released a new report discussing AI decision makers’ understanding of deep learning versus other types of machine learning practices, and examines the barriers preventing them from taking deep learning from ideal to reality.

CryptoCompare, the global leader in digital asset data, today released its November 2019 Exchange Review which provides analysis of key developments in the cryptocurrency exchange-traded market.

Charles Hayter, Co-Founder and CEO of CryptoCompare, said:

The Western Union Company, a global leader in cross-border, cross-currency money movement and payments today announced the appointment of Shelly Swanback as President, Product and Platform.

Shelly will advance the company’s dynamic cross-border, cross-currency global platform to support the company’s expansion to multiple customer segments. Shelly will commence her role in January 2020. She will be a member of the Executive Team and will report directly to Western Union CEO Hikmet Ersek.

TIBCO Software Inc., a global leader in integration, API management, and analytics, today announced that all capabilities of TIBCO Cloud™ Integration, the company’s market-leading hybrid integration platform, are now available on Microsoft Azure.

Andrew Bailey will become the new Governor of the Bank of England from 16 March 2020, the Chancellor has announced. The current head of the Financial Conduct Authority (FCA) will succeed Mark Carney, who has served since 2013. Her Majesty the Queen has approved the appointment.

Making the announcement the Chancellor said:

FIS™ (NYSE: FIS) today announced an agreement with JCB, the leading issuer and acquirer in Japan and a global payment network. Worldpay, FIS’ global eCommerce platform, will allow businesses operating in Japan to accept payments by JCB cards. With this agreement, Worldpay now provides a comprehensive eCommerce solution for enterprise merchants operating in Japan.

Deluxe, a Trusted Business Technology™ company, today announced it has added the Remittance Solutions assets of Fiserv – which include lockbox processing – complementing its Deluxe Treasury Management portfolio of solutions.

As banks and other financial services firms to look to strengthen their services and tackle increased competition from new rivals in banking and investment management, fintech partnerships are becoming increasingly popular across the industry.