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Mexican Fintech Unicorn Clip Announces US$100 Million Investment

Clip, Mexico's leading digital payments and commerce enablement platform, today announced that it has secured an investment round of US$100 million from investment funds managed by Morgan Stanley Tactical Value ("MSTV") and from one of the largest, most experienced West-Coast mutual fund managers. The investment values Clip in line with the Series D round completed in 2021.

Wednesday, June 19, 2024 - 09:20
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Financial IT
TerraPay and Thredd Partner to Build the Next Generation of Payment Solutions and Money Movement for Global Travel Providers

TerraPay, a global leader in money movement, has chosen Thredd, a next-generation global payments platform, to power virtual card payments for global suppliers. This strategic partnership aims to develop payment solutions within the travel industry, offering seamless, secure, and compliant virtual card services to intermediaries as part of TerraPay’s cross-border money movement network.

Wednesday, June 19, 2024 - 09:13
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Financial IT
Open Banking Could Become a Mainstream Payment Method in 5 Years Time, Surpassing BNPL, emerchantpay Research Finds

New research released today by emerchantpay, a leading global payment service provider and acquirer, has found that there is strong market potential for merchants who prioritise the adoption of Open Banking payments early in their payment strategies.

Wednesday, June 19, 2024 - 09:09
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Financial IT
Zilch Raises £100M Financing Deal to Fuel Expansion Strategy

Zilch, the world’s first ad-subsidised payments network (ASPN), today announces a key £100 million securitised debt financing arranged by Deutsche Bank (DB).

The financing will enable Zilch to grow its business and accelerate Zilch's ability to create and launch new products for a broader base of customers.

Wednesday, June 19, 2024 - 09:04
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Financial IT
Encompass Corporation Appoints Renowned Technical Leader Andrew Dunn as VP of Engineering to Help Bring Corporate Digital Identity Vision to Life
Encompass Corporation, the leader in Corporate Digital Identity (CDI), has boosted its mission to deliver game-changing outcomes for global banks by appointing seasoned technical leader Andrew Dunn to lead its engineering function.  
 
Wednesday, June 19, 2024 - 08:08
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Financial IT
DZ BANK Plans to Revolutionize Trade Finance Customer Service with Surecomp’s RIVO™

Surecomp® today announced that leading trade finance bank DZ BANK AG, has taken the next step in its ambitious plans to use the collaborative trade finance platform RIVO™ to further enhance its digital customer service delivery.

Wednesday, June 19, 2024 - 08:05
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/news/trading-systems/dz-bank-plans-revolutionize-trade-finance-customer-service-surecomps-rivotm
Financial IT
iDenfy Releases Its New Risk Assessment Tool and Completes Its KYC/KYB/AML Compliance Package

iDenfy, a Lithuania-based identity verification and fraud prevention software provider, announced the launch of its new AI-powered customer risk assessment solution. This new easy-to-use platform feature is specifically designed to empower businesses with a comprehensive, automated, and customizable approach to risk management for both Know Your Customer (KYC) and Know Your Business (KYB) compliance.

Wednesday, June 19, 2024 - 08:01
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Financial IT
Ageras Enters Into an Exclusive Agreement with Societe Generale to Acquire Shine and Become One of the Leading European Providers of Banking and Accounting Software for SMEs

Ageras, a leading provider of accounting software, banking, and admin tools for more than 300,000 active SME customers in France, Germany, The Netherlands and Denmark, today announced that it has entered into an exclusive agreement with Societe Generale to acquire Shine, a leading French SME fintech.

Wednesday, June 19, 2024 - 07:55
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Financial IT
Corpay Cross-Border Continues Global Expansion with Launch of New Office in New Zealand

Corpay, Inc, a global leader in corporate payments, is pleased to announce the latest expansion of its Cross-Border business with the establishment of a new office in Auckland, New Zealand. This expansion reinforces the company’s leading position in the payment industry and strengthens its presence in the Asia-Pacific region.

Tuesday, June 18, 2024 - 16:18
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/news/infrastructure/corpay-cross-border-continues-global-expansion-launch-new-office-new-zealand
Financial IT
Brex Launches New Digital Banking Products for Startups

Brex, the leading all-in-one financial stack supporting 1 out of 3 startups in the U.S., today launched new digital banking products and a number of updates to its flagship business account, giving founders access to capital where and when they need it. This launch makes Brex the only spend management platform to marry corporate cards, expense management, bill pay, travel booking, treasury, and banking into one vertically integrated offering.

Tuesday, June 18, 2024 - 16:14
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Financial IT

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