Finastra, a global provider of financial software applications, today announced that Mediterranean Bank, a provider of retail and corporate banking services in Libya, has selected its core banking solution, Finastra Essence, to deliver advanced digital banking services to its customers. The next-generation solution, which comprehensively covers conventional and Islamic banking requirements, will enable the bank to streamline core processes while offering personalized services and robust customer support.

PayPal, a global digital payments and commerce platform, today announced a strategic partnership with TerraPay, a leading global money movement company, to enable real-time fund transfers for PayPal customers across the Middle East and Africa. This partnership aims to drive economic growth by making cross-border transactions faster, easy to use and more accessible by connecting banks, mobile wallets, and financial institutions.

Mollie, one of Europe’s fastest-growing financial service providers, has enabled Tap to Pay on iPhone for its Irish customers. This allows businesses of all sizes to use the Mollie app on iPhone to accept contactless payments without the need to purchase or manage additional hardware.

Leading UK fintech, Marshmallow, today announces that it has raised $90 million worth of funding from Portage, BlackRock and Columbia Lake Partners. The raise comes three years after the business’ Series B, in which time, it has almost doubled its valuation to just over $2 billion. 

South Africa-based payments infrastructure company Stitch has announced a $55 million Series B funding round led by QED Investors, enabling the fast-growing team to deepen and expand its in-person payments offering, move into the acquiring space and further bolster its online payments suite, to better serve enterprise merchants across all payments needs. This round brings its total funding to $107 million in four years.

Kraken, a global leader in crypto innovation, today announced a major expansion of its investment platform with the introduction of commission-free trading for over 11,000 U.S.-listed stocks and ETFs. This move marks Kraken’s entry into the equities market, reinforcing its commitment to breaking down barriers to investing and redefining financial access for clients.

U.S. Bank has launched a premier all-in-one checking account combined with payments acceptance capabilities for small businesses. Called U.S.

Personetics, the Cognitive Banking company that is transforming the way banks build and monetize customer relationships, announced today that Puneet Malhotra has joined the organization as Chief Revenue Officer. He is responsible for Personetics’ global sales operations, overseeing leading global banking brands across 30 countries and serving 150 million active monthly end-users. Previously, Malhotra ran Digital Banking Sales at NCR Voyix and Global Sales at VSoft Corporation.   

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