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Travel Debit Card Currensea Saves Travellers Over £3M in Exchange Fees

The UK’s first travel debit card Currensea, has saved travellers over £3 million in foreign exchange (FX) fees since its launch in 2020.

The Currensea card saves at least 85% on every overseas transaction by cutting out the normal fees leveraged by banks.

Wednesday, December 20, 2023 - 08:21
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Financial IT
bunq Becomes the First AI-powered Bank in Europe as it Unveils its Own GenAI Platform

bunq, the second largest neobank in Europe, launches Finn, a GenAI platform available to all its users. Effectively replacing the search function on the app, Finn will enable bunq users to live the life they want, with help of bunq: plan their finances, better budget, navigate the app, easily find transactions and much more.

Wednesday, December 20, 2023 - 08:16
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/news/mobile-banking/bunq-becomes-first-ai-powered-bank-europe-it-unveils-its-own-genai-platform
Financial IT
CFPB Orders U.S. Bank to Pay $21 Million for Illegal Conduct During COVID-19 Pandemic

The Consumer Financial Protection Bureau (CFPB) today ordered U.S.

Wednesday, December 20, 2023 - 08:07
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/news/banking/cfpb-orders-us-bank-pay-21-million-illegal-conduct-during-covid-19-pandemic
Financial IT
Volt and ekko Partner to Help Consumers Remove Plastic from Ocean, Tracking Impact in Real-time

Volt, the global real-time payments platform, today announces its partnership with embedded sustainability fintech, ekko. The collaboration enables consumers and retailers to support the removal of plastic bottles from the ocean at checkout, which are then tracked in real-time to measure the environmental impact of payments.

Wednesday, December 20, 2023 - 08:00
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/news/payments/volt-and-ekko-partner-help-consumers-remove-plastic-ocean-tracking-impact-real-time
Financial IT
Vertex Achieves Certified Integration with the Mirakl Marketplace Platform

Vertex, Inc., a global provider of tax technology solutions, and Mirakl, the global leader in platform business innovation, announced today the certified integration of Vertex® O Series® and the Mirakl Marketplace Platform.

Wednesday, December 20, 2023 - 07:51
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/news/accounting/vertex-achieves-certified-integration-mirakl-marketplace-platform
Financial IT
Western Union Expands Network of Concept Stores across the UK and Europe

Western Union, a leader in the cross-border money movement, continues to expand its network of concept stores in the United Kingdom and Europe, having now inaugurated 100 locations in total. This forms part of the company’s global retail strategy, aiming to offer customers enhanced service and, ultimately, enable them to enjoy an omni-channel experience.

Tuesday, December 19, 2023 - 14:37
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/news/infrastructure/western-union-expands-network-concept-stores-across-uk-and-europe
Financial IT
Financial Frontiers Crossed: Transfer Galaxy and Intergiro Forge Alliance to Reshape Global Remittances

In an increasingly global world where seamless and immediate transactions are expected, the ability to bank directly with one's remitter should be the norm, not the exception. At least, that is what Transfer Galaxy and Intergiro believe and aim to bring about with their innovative partnership.

Tuesday, December 19, 2023 - 14:18
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/news/digital-banking/financial-frontiers-crossed-transfer-galaxy-and-intergiro-forge-alliance
Financial IT
Hawk AI Welcomes OTTO Payments as a Customer of Scalable AML Compliance Software

Hawk AI, Germany’s leading provider of anti-money laundering surveillance technology for banks, payment firms, and fintechs, today announced OTTO Payments, the payments division serving the otto.de marketplace, as a client. 

With the partnership, OTTO Payments will make use of Hawk AI’s Transaction Monitoring and Customer Screening technology, powered by explainable AI, to ensure effective Anti-Money Laundering (AML) compliance. 

Tuesday, December 19, 2023 - 13:12
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/news/aml-and-kyc/hawk-ai-welcomes-otto-payments-customer-scalable-aml-compliance-software
Financial IT
SellersFi Closes Credit Facility up to $300M with Citi and Fasanara Capital

SellersFi, a global, cutting-edge financial technology startup, closed a new US credit facility with Citi and independent asset manager Fasanara Capital for $135MM with the potential to grow up to $300M as SellersFi expands. The senior capital is provided by Citi with a portion from Fasanara, and the mezzanine capital is provided solely by Fasanara. Also, Fasanara is renewing its commitment to SetoersFi by continuing its support to SellerFi as a senior lender for other jurisdictions and products.

Tuesday, December 19, 2023 - 12:59
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/news/fundraising-news/sellersfi-closes-credit-facility-300m-citi-and-fasanara-capital
Financial IT
Fiat Republic Raises $7 Million in Seed Extension

Fiat Republic, the specialist Banking-as-a-Service (BaaS) platform that bridges the gap between web3 and traditional banks, today announces it has raised $7 million in a seed extension round. Participants in the round include first-time investments from Kraken Ventures, Fabric Ventures, Arca, and Inovo Ventures, as well as existing investors Speedinvest, Credo Ventures, and Seedcamp.

Tuesday, December 19, 2023 - 12:36
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/news/fundraising-news/fiat-republic-raises-7-million-seed-extension
Financial IT

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