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Payments Startup Liquido Raises $26 Million Funding for Launch

Liquido, a next-generation payments company for Latin America has emerged from stealth and launched publicly with $26M from Index Ventures.

Friday, May 5, 2023 - 11:10
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/news/fundraising-news/payments-startup-liquido-raises-26-million-funding-launch
Financial IT
Digital Bank Monzo Reaches 250K Business Customer Milestone

UK digital bank Monzo has reached a milestone of a quarter of a million business customers, with one in 23 businesses in the UK now onboard.

Friday, May 5, 2023 - 11:00
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/news/digital-banking/digital-bank-monzo-reaches-250k-business-customer-milestone
Financial IT
Broadridge Wins Innovation in Corporate Governance and Proxy Voting Award at Global Custodian’s Leaders in Custody Awards for the Third Year Running

Broadridge Financial Solutions, Inc., a global Fintech leader, today announced that it has won the Innovation in Corporate Governance and Proxy Voting Award at the 2023 Global Custodian Leaders in Custody Awards, a globally recognized ceremony acknowledging the achievements of the securities services industry over the past year.

Friday, May 5, 2023 - 10:48
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/news/infrastructure/broadridge-wins-innovation-corporate-governance-and-proxy-voting-award-global
Financial IT
Bank Fears Inform Retail Investor Sentiment Ahead of Central Bank Announcements

Spectrum Markets’ SERIX retail investor sentiment data for the early part of this week shows a mixed response from investors to the news on Monday night that First Republic had been bailed out by JP Morgan. The SERIX value indicates retail investor sentiment, with a number above 100 marking bullish sentiment, and a number below 100 indicating bearish sentiment.

Friday, May 5, 2023 - 10:42
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/news/banking/bank-fears-inform-retail-investor-sentiment-ahead-central-bank-announcements
Financial IT
Vantage Gains FSCA License to Operate in South Africa

Vantage (or “Vantage Markets”), the global multi-asset broker, is pleased to announce it has obtained a derivatives license issued by the Financial Sector Conduct Authority (FSCA) in South Africa.

Friday, May 5, 2023 - 10:38
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/news/trading-systems/vantage-gains-fsca-license-operate-south-africa
Financial IT
Barclays Partners with TransferMate to Provide an International Receivables Payments Solution for UK Businesses

TransferMate and Barclays have announced a new collaboration that will bring an international receivables solution to the market, to help UK businesses reduce transaction costs and save time.

Friday, May 5, 2023 - 10:31
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/news/payments/barclays-partners-transfermate-provide-international-receivables-payments-solution-uk
Financial IT
When Big Isn't Better: How Major Payment Hub Providers Can Cost You Time and Money

It's crucial for payment service providers (PSPs) to have reliable and efficient software to handle transactions smoothly. However, many PSPs face challenges when working with big-name white-label payment software providers who may not prioritize smaller clients or provide personalized support. 

In this article, we will elaborate on why switching to a relatively young promising software provider can be beneficial for PSPs of all sizes.

Friday, May 5, 2023 - 10:16
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/news/payments/when-big-isnt-better-how-major-payment-hub-providers-can-cost-you-time-and-money
Financial IT
SVB Domino Effect Exposes Risks of 100-Year-Old Centralized Banking System

Despite all of the supposed innovation in fintech over the last decade, literally, all of the startups and top players alike rely on just a handful of banks to actually power their backend. It's insane that the $100 billion+ fintech and payment industry that powers our whole economy relies on basically five banks and two centralized networks. 

And we just saw what happens when one of them fails. The smallest one!

Thursday, May 4, 2023 - 15:41
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/blog/banking/svb-domino-effect-exposes-risks-100-year-old-centralized-banking-system
Financial IT
TabaPay Ranked Among Top Merchant Acquirers by Nilson Report

TabaPay, the leading instant money movement platform, announced today that it's the 6th largest card-not-present (CNP) acquirer based on total purchase transactions and 5th by dollar volume. TabaPay was also recognized as the 20th largest merchant acquirer in the U.S.

Thursday, May 4, 2023 - 15:37
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/news/payments/tabapay-ranked-among-top-merchant-acquirers-nilson-report
Financial IT
Glia Expands Executive Team with Chief Product Officer Jay Choi

Glia, unifying digital, phone and automated customer interactions on a single platform, has created a new executive leadership position, appointing Jay Choi as its first Chief Product Officer. This newly created role oversees product strategy, product management and product marketing under a single product team working closely with engineering leadership to advance Glia's position as the leading Interaction Platform.

Thursday, May 4, 2023 - 14:47
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/news/people-moves/glia-expands-executive-team-chief-product-officer-jay-choi
Financial IT

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