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British Fintech Ryft Expands to Europe with Clearhaus Partnership

Manchester-based innovative fintech Ryft, announces a new partnership with Clearhaus, allowing the Danish acquirer to leverage its technology solutions and cater to digital platforms and marketplaces. 

Monday, April 22, 2024 - 09:22
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Financial IT
Clearstream to Invest in Digital Vault Services

Clearstream, Deutsche Börse’s post-trade business, intends to invest in Digital Vault Services (DVS), a pioneering fintech offering issuance and safekeeping services for digital bank guarantees and sureties in Europe. The investment is subject to applicable regulatory approvals and finalisation of legal documentation.

Friday, April 19, 2024 - 14:37
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Financial IT
Kamina Announces the Raising of Preseed Capital OF $3.2M, a Historic Milestone for Ecuador

Kamina, the Ecuadorian Startup that combats people's debt in Latin America by combining technology with financial education, has announced its recent capital raising in a pre-seed round, reaching the highest figure recorded in the country and positioning itself as one of the largest at the regional level during the last year. 

Friday, April 19, 2024 - 14:29
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Financial IT
Ramp Announces Series D-2 Capital Raise

Ramp has completed a $150 million Series D-2 funding round, raising the company’s valuation to $7.65 billion. This round was co-led by Khosla Ventures and Founders Fund, with additional new investors Sequoia Capital, Greylock, and 8VC. Investors: Thrive Capital, General Catalyst, Sands Capital, D1 Capital Partners, Lux Capital, Iconiq Capital, Definition Capital, Contrary Capital, and more are doubling down.

Friday, April 19, 2024 - 14:00
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Financial IT
Leaping to The Cloud: How Insurers Can Guarantee Successful Cloud Migration
With many industries already reaping the rewards of the cloud, the insurance industry is now transitioning from traditional legacy systems. Although financial services and insurance industries are understandably slower to adopt newer technologies than other sectors, research shows that more than nine in ten insurers have now initiated their cloud journey, jumping from just 37% in 2020.
 
Friday, April 19, 2024 - 12:52
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Financial IT
PSD3, PSR and FIDA: Adapt Now or Get Left Behind

Banks, non-banks, and fintechs have roughly one year to prepare for the forthcoming Payment Services Directive (PSD3), Payment Services Regulation (PSR), and the Financial Data Access framework. (FIDA). These regulatory developments will fundamentally reshape the way these players work operate on a pan-European level, while aiming to level the playing field between banks and non-banks, in particular by giving non-bank payment service providers access to all EU payment systems.

Friday, April 19, 2024 - 12:44
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Financial IT
What Will It Take for a Pan-European Payment Solution to Succeed?

There have never been so many ways to pay for goods and services: we can choose from global card-based brands like Mastercard or Visa, worldwide wallets like PayPal, merchant wallets like Amazon Pay, and mobile wallets like Google Pay or Apple Pay, the latter of which will soon open up NFC payments access to third-party providers. There’s even the option to use the European SEPA instant credit transfer scheme, which now works for online and offline shopping.

Friday, April 19, 2024 - 12:37
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Financial IT
PAX Technology, Inc. Unveils Revolutionary eSIM Solution for Payments

PAX Technology, Inc., a leading global payment solution provider, is pleased to announce the groundbreaking eSIM solution, Airlink, an IoT data service, powered by Uptrillion™, revolutionizing the way businesses stay connected.

Friday, April 19, 2024 - 12:25
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Financial IT
Anvilogic Raises $45M in Series C

Anvilogic, the industry's first multi-data platform SIEM, today announced the close of a $45 million Series C funding round, bringing its total funding to date to $85 million since its founding in 2019. The round was led by Evolution Equity Partners, with participation from existing investors Foundation Capital, Cervin Ventures, Myriad Ventures, Point72 Ventures, Outpost Ventures, Stepstone Group, and G Squared.

Friday, April 19, 2024 - 11:29
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Financial IT
Jensten Secures £170M Funding Boost for Growth in 2024

Jensten demonstrates continued progress against its strategy with a substantial increase in funding dedicated to future growth. The successful securing of additional funding cements the firm’s commitment to advancing its growth plans throughout 2024 and beyond.

Friday, April 19, 2024 - 11:20
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Financial IT

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