XTB, a global fintech company that offers individual investors instant access to financial markets, has integrated investing and payments. The company has introduced a mobile wallet and a multi-currency card, allowing investors to easily manage both their investments and payments through the XTB app.
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Bank of America, a global leader in commercial cards, has expanded its Virtual Payables capabilities in EMEA1 with the launch of Virtual Payables Direct. The business-to-business (B2B) payment solution provides buyers with the usual working capital advantages of a card transaction – such as extended payment terms – in addition to a new enhancement that allows suppliers to be paid via a direct bank transfer. This comes at a time when the global B2B payments market is growing rapidly and is projected to reach over US$2.4 trillion by 20312.
Earnix, the leading global provider of intelligent decisioning SaaS solutions for financial services, today announced Earnix Lending Plus, an end-to-end AI-driven software platform that combines advanced pricing analytics, price optimization, and simulat
Clear Street , a cloud-native financial technology firm on a mission to modernize the brokerage ecosystem, announced today that the firm has completed the purchase of the Fox River algorithmic trading business from Instinet. Clear Street Investment Banking advised Clear Street on the transaction, which was announced on July 16, 2024. Fox River provides a comprehensive suite of algorithmic execution solutions in U.S. and Canadian equities. These offerings cater to buy and sell-side firms, including many of the industry’s leading quant-driven funds.
iDenfy, a Lithuanian-based RegTech and identity verification company, announced a partnership with FinCause, a newly launched electronic money institution (EMI) regulated by the Bank of Lithuania. Through this collaboration, iDenfy aims to automate FinCause’s Know Your Customer (KYC) process, ensuring more conversions through a simple, four-step verification process for B2B clients across the European Economic Area (EEA) and Asian companies operating in EEA.
Klarna, the AI-powered global payments network and shopping assistant, has unveiled “Apple from Klarna”, a storefront in the Klarna app and Klarna.com where customers can purchase Apple products using its flexible payment options. Now an official Apple reseller, Klarna also launches a brand new, bespoke payment option for Apple products: Upgrade Financing. This new payment option makes Apple’s innovative product lineups available for as little as $7.99 a month* exclusively through “Apple from Klarna.”
Financial education at an early age can help young people lower debt, increase savings, and increase credit scores as they mature into adulthood, according to the FDIC.
As part of its ongoing investment in its B2B (business-to-business) network and in enhancing buyer and supplier capabilities, American Express today announced a new offering by Boost Payment Solutions, a global leader in payments, to provide commercial virtual Card processing services to U.S. merchants who accept American.
Binance has secured a significant regulatory milestone, registering as a Virtual Asset Service Provider with Argentina's National Securities Commission (CNV). This achievement marks Binance's 20th regulatory milestone globally, allowing it to expand its full suite of services to users in Argentina.