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Paynetics Appoints New Head of UK Operations

Paynetics, one of Europe’s leading providers of embedded finance, has appointed Amit Sharma as Head of UK Operations. 

Wednesday, May 15, 2024 - 09:53
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/news/people-moves/paynetics-appoints-new-head-uk-operations
Financial IT
Commerce Bank Goes Live on the FedNow® Service with Temenos

Temenos today announced that Commerce Bank, a top US bank, has gone live with FedNow on Temenos Payments Hub delivered as Temenos SaaS, enabling real-time payments on a secure, scalable, and continuously updated platform.

Wednesday, May 15, 2024 - 09:50
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/news/payments/commerce-bank-goes-live-fednowr-service-temenos
Financial IT
Temenos Sets Sustainability Benchmark for Cloud-Native Core Banking With Microsoft

Temenos today announced the results of a sustainability benchmark for its cloud-native banking platform running on Microsoft Azure, demonstrating the efficiency to handle the variable demands of digital transactions while also supporting banks to meet their sustainability goals.

Wednesday, May 15, 2024 - 09:44
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/news/core-banking/temenos-sets-sustainability-benchmark-cloud-native-core-banking-microsoft
Financial IT
PayRetailers Announces its Expansion to Africa Strengthening its Presence in Emerging Markets

PayRetailers, the leading payment processor for Latin America is pleased to announce its new expansion to Africa. With coverage across four countries, the company offers a unified payment solution that will be a game changer for cross-border online merchants looking at Africa as their next move for strategic growth.

Wednesday, May 15, 2024 - 09:25
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/news/payments/payretailers-announces-its-expansion-africa-strengthening-its-presence-emerging
Financial IT
Grasp, One of the World's first AI Assistant for the Finance Industry, Raises $1.9M for Global Expansion

Grasp, one of the world's first AI assistants for investment banks and management consultants, is issuing new shares worth USD 1.9 million (SEK 20 million) to Yanno Capital and Philian Invest. Together, they have acquired an ownership stake of just under 13%. 

The investment will be used to accelerate the development of Grasp’s AI platform and continue its global expansion.

Tuesday, May 14, 2024 - 15:44
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/news/fundraising-news/grasp-one-worlds-first-ai-assistant-finance-industry-raises-19m-global
Financial IT
Softpay and Visit Group Partner to Digitize Payments in the Travel and Hospitality Industry

In a significant leap forward for contactless payment solutions within the travel and hospitality sector, Softpay, a tap-to-pay solution provider, is excited to announce its strategic partnership with Visit Group, the comprehensive digital ecosystem for the tourist industry. This collaboration is set to redefine how payments are made, offering seamless, contactless, and innovative payment options to guests and partners across the globe.

Tuesday, May 14, 2024 - 15:22
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/news/e-payments/softpay-and-visit-group-partner-digitize-payments-travel-and-hospitality-industry
Financial IT
Fifth Third Launches New Payables Solution to Solve Clients’ Jobs to Be Done

Fifth Third and Bottomline announced the launch of Enhanced Payables powered by Bottomline and its business payments network, Paymode-X. The solution combines the capabilities of Bottomline’s industry-leading business payments technology with Fifth Third’s extensive banking services to provide customers with a comprehensive suite of payment options.

Tuesday, May 14, 2024 - 15:13
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/news/payments/fifth-third-launches-new-payables-solution-solve-clients-jobs-be-done
Financial IT
Half of Brits Are Now More Wary of Online Banking, as Official Figures Reveal Steady Drop in Positivity Since 2020

Half of Brits are more wary of using online banking and banking apps now than they were 4 years ago, according to new research from personal finance comparison site finder.com.

The most common reason for this decline in confidence was concern about online fraud when using these platforms, with over a third (35%) of UK adults citing this reason.

Tuesday, May 14, 2024 - 14:59
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/news/personal-finance/half-brits-are-now-more-wary-online-banking-official-figures-reveal-steady
Financial IT
Harness Raises $150 Million in New Financing

Harness, the Modern Software Delivery Platform® company, today announced $150 million in financing from Silicon Valley Bank (SVB), a division of First Citizens Bank, and Hercules Capital, Inc.. The investment will be used strategically to support the expansion of the Harness platform, including the addition of new modules, further integrating generative AI into the platform, and additional investments in the company's go-to-market engine.

Tuesday, May 14, 2024 - 13:49
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/news/fundraising-news/harness-raises-150-million-new-financing
Financial IT
Dubai FinTech Summit Concludes with Over 8,000 Visitors from 118 Countries

The 2nd edition of Dubai FinTech Summit (DFS) organised by Dubai International Financial Centre (DIFC), under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of DIFC, concluded with resounding success. The 3rd edition of the Dubai FinTech Summit will be held on 7-8 May 2025, also under the directives of His Highness Sheikh Maktoum.

Tuesday, May 14, 2024 - 12:54
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Financial IT

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