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Wise Becomes First Global Fintech to Fully Integrate with Philippines’ Payment Systems, Now Processing 12% of All Inward Personal Remittances

Wise, the global technology company building the best way to move and manage the world’s money, announced that it has become the first global fintech fully integrated with both InstaPay and PESONet. This breakthrough solidifies Wise as a major player in the Philippine remittance market, now processing 12% of all inward personal remittances and transforming how Filipino families manage high-value transactions like tuition fees. 

Friday, August 22, 2025 - 14:57
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Financial IT
A Decade of AI Innovation: BofA’s Virtual Assistant Erica Surpasses 3 Billion Client Interactions

Erica, the most widely adopted AI-driven virtual financial assistant, is a central gateway to serving clients – assisting nearly 50 million users since launch, surpassing 3 billion client interactions, and now averaging more than 58 million interactions per month. Launched in 2018, Erica is deepening relationships with clients and driving greater efficiencies throughout Bank of America.    

Friday, August 22, 2025 - 14:50
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Financial IT
MoneyLIVE North America 2025

Join 800+ senior leaders from banks, credit unions, and payment providers across the U.S. and Canada at the most influential banking and payments event in North America. Designed by banks, for banks, this two-day conference delivers unmatched insights, high-impact networking, and strategies to stay ahead in a fast-changing financial landscape.

Highlights:

Friday, August 22, 2025 - 12:30
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Financial IT
Moneybox Financial Results Set the Pace for the UK Wealth Management Sector

Moneybox, the award-winning wealth management platform, has today released its 2024 Annual Report, unveiling a blockbuster set of results that further cement its position as one of the UK’s fastest-growing wealth management platforms. As of December 2024, Moneybox was supporting more than 1.3 million customers, and has seen accelerating growth and profitability in recent years as it continues to help people build wealth with confidence. 

Friday, August 22, 2025 - 12:22
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/news/wealth-management/moneybox-financial-results-set-pace-uk-wealth-management-sector
Financial IT
Cognizant and Temenos Expand Partnership to Power Core Banking Transformation in Australia

Cognizant  today announced a five-year strategic engagement with Temenos, a global banking technology leader, to develop and market Temenos Country Model Bank in Australia. Temenos Country Model Bank is an extension of its core banking platform designed to accelerate go-live for financial institutions by providing pre-configured, regionalized banking functionality that reduces cost and risk.

Friday, August 22, 2025 - 11:40
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/news/core-banking/cognizant-and-temenos-expand-partnership-power-core-banking-transformation
Financial IT
Northern Trust Mutual Fund Servicing Relationship with Morningstar Investment Management Extended

Northern Trust  today announced the continuation of its comprehensive asset servicing relationship with Morningstar Investment Management, supporting nine multi-managed registered mutual funds with approximately $5 billion in assets under management.

Friday, August 22, 2025 - 11:38
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/news/asset-management/northern-trust-mutual-fund-servicing-relationship-morningstar-investment
Financial IT
Algbra Labs and Moka United, the Fintech Subsidiary of İşbank, Announce Strategic Partnership to Launch RUUT in the UK

Algbra Labs, a leading UK-based Fintech-as-a-Service (FaaS) provider, has announced a strategic partnership with Moka United, the fintech subsidiary of İşbank - Türkiye’s largest private bank. The collaboration supports the UK launch of RUUT, a next-generation digital banking brand developed by Moka United as part of İşbank’s global fintech strategy. 

Friday, August 22, 2025 - 10:18
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/news/infrastructure/algbra-labs-and-moka-united-fintech-subsidiary-isbank-announce-strategic
Financial IT
Klarna Secures EUR 1.4bn Structured Financing Facility with Santander

Klarna, the global digital bank and flexible payments provider, today announced the execution of its inaugural warehouse financing facility with Santander as the sole lender. The facility provides a total funding capacity of up to EUR 1.4 billion and is backed by German receivables. It forms part of Klarna’s broader strategy to diversify funding sources and support continued growth.

Friday, August 22, 2025 - 10:10
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/news/fundraising-news/klarna-secures-eur-14bn-structured-financing-facility-santander
Financial IT
PayCaptain Confirms B Corp Recertification, Also Increasing Its B Impact Assessment Score

B-Corporation status certifies a company's commitment to its social and environmental impact, not just profit-making. B Corp certification is a rigorous process, verified by B Lab, to ensure that a company meets high social and environmental performance standards, demonstrating a commitment to positive impact across various stakeholders.

Friday, August 22, 2025 - 09:55
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/news/infrastructure/paycaptain-confirms-b-corp-recertification-also-increasing-its-b-impact
Financial IT
inDrive.Money Arrives in Brazil with Digital Loans for Drivers

inDrive, a global mobility and urban services platform operating across 48 countries, has announced the launch of inDrive.Money in Brazil. The offering aims to support financial inclusion for drivers by offering quick and convenient access to cash loans within the inDrive app, the world’s second-most downloaded ride-hailing app.

Friday, August 22, 2025 - 09:40
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Financial IT

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