Overburdened and Burnt Out, Finance Teams Call Out for Automation to Address Lack of Resources Driven by Economic Uncertainty: Medius
- 2 months 1 week ago
- Infrastructure
55% of finance professionals are reportedly experiencing burnout, with 58% planning to leave the sector and follow a different career path. With mounting economic uncertainty, finance teams are facing budget cuts, fewer resources, and higher burnout than ever before, contributing to these figures. The resulting pressure and stress are adding up, and organizations are scrambling for solutions.
Spendbase Partners With Thredd to Shake Up Subscription Management in the U.S.
- 2 months 2 weeks ago
- Infrastructure
Thredd, a leading global payments processor, has signed a U.S. processing agreement with Spendbase, a prominent software subscription management platform backed by Google. This collaboration marks Thredd’s second U.S. client and signals Spendbase’s market expansion into North America.
Papaya Global and Cegid Announce Partnership
- 2 months 2 weeks ago
- Infrastructure
Papaya Global, the ultimate workforce payroll and payments platform, and Cegid, a European leader in cloud management solutions for professionals in the finance (treasury, tax, ERP), human resources (payroll, talent management), accountancy, retail and entrepreneurship sectors, today announced their partnership offering clients a holistic solution for hiring, managing, and paying their global workforce.
Mintos Expands European Presence with Official Launch in Portugal
- 2 months 2 weeks ago
- Infrastructure
Mintos, the multi-asset investment platform offering a unique mix of alternative and traditional investment options, continues its European rollout by making its official debut in the Portuguese investment market. Since its founding in 2015, the platform has attracted over 500,000 users across Europe. Authorised by MiFID, the company currently manages over 600 million euros in assets under administration.
Airwallex EMEA Sees Strong Momentum With 152 Percent Revenue Increase YoY
- 2 months 2 weeks ago
- Infrastructure
Airwallex, a leading global payments and financial platform for modern businesses, continues to scale rapidly in the region, with a 152 percent increase in revenue year-on-year (YoY*) across Europe, Middle East and Africa (EMEA). It also grew its transaction volume YoY by 125 percent, amid a challenging macroeconomic environment for the fintech sector.
Financial Services Data Intelligence Platform Bud Chooses Vilnius as European Hub
- 2 months 2 weeks ago
- Infrastructure
After receiving the Account Information Service (AIS) Provider license, the financial data intelligence platform Bud Financial (Bud) is expanding its team in Lithuania. Established in Vilnius last year, Bud’s Lithuanian office will become one of the company’s hubs for technical and risk roles, powering its growth in the region and across Europe.
Microsoft Faces Major IT Outage, Shares Drop
- 2 months 2 weeks ago
- Infrastructure
On July 19, 2024, Microsoft faced a significant IT outage affecting various services, including its cloud-based platforms. The outage, which began early in the day, caused widespread disruptions for businesses relying on Microsoft's cloud services. Microsoft has since reported that the issue has been resolved, but the incident has raised questions about the robustness of their infrastructure.
Tandem Bank Smashes £650 Million Milestone in Home Improvement Lending for Greener Homes
- 2 months 2 weeks ago
- Infrastructure
Building the UK’s greener, digital bank, Tandem is proud to announce it has approved £650m in new lending in green and ‘pathway to green’ home improvement lending (HIL). This milestone highlights Tandem’s ongoing commitment to helping UK households reduce their carbon footprint and enhance energy efficiency.
Entersekt Closes Record Year of Growth and Expansion
- 2 months 2 weeks ago
- Infrastructure
Entersekt, The Financial Authentication Company, announced today that it achieved unprecedented growth in its 2024 fiscal year, driven by the continued adoption of its innovative authentication solutions. Financial institutions worldwide are increasingly choosing Entersekt as their partner to fight digital banking account takeover (ATO) fraud and card-not-present (CNP) payment fraud.
CNBC Names Trustly a Top 250 Fintech Company for 2024
- 2 months 3 weeks ago
- Infrastructure
The past year has proven to be transformative for financial technology. Global venture funding into the fintech sector has declined sharply from the industry’s heyday in 2020 and 2021, and experts say the market is in a new normal, with valuations correcting from unsustainable highs.
TIFIN Announces International Expansion Around Its Mission of Using AI for Wealth
- 2 months 3 weeks ago
- Infrastructure
TIFIN, a leading AI and innovation platform for wealth, makes its international debut with the launch of TIFIN India. The launch of TIFIN India represents an important milestone in TIFIN's vision to take its expertise in both direct-to-consumer (DTC) and business-to-business (B2B) AI for wealth applications to global markets.
PensionBee Announces US Launch
- 2 months 3 weeks ago
- Infrastructure
PensionBee Group plc (the ‘Company’), a leading online pension provider, today announces the launch of its business in the United States (‘US’), the world’s largest Defined Contribution pension market, representing approximately 80% of the global total and $22.5 trillion in assets. The Company’s wholly-owned US subsidiary, PensionBee Inc. (‘PensionBee’), is now registered with the US Securities and Exchange Commission as an investment adviser.
Kuady Expands into Bulgaria with New Office to Harness Fintech and IT Talent in the Region
- 2 months 3 weeks ago
- Infrastructure
Kuady, today announces the opening of a new office in Sofia, Bulgaria for 100+ employees. The new office marks a significant milestone in Kuady’s ambitious growth plans, having recently launched its digital wallet in Peru and Chile, with further expansion in Latin America, Europe and Africa planned.
BUX Holding Sells UK Subsidiary BUX Financial Services Limited to Parent Company of APM Capital
- 2 months 3 weeks ago
- Infrastructure
BUX Holding B.V. has sold its UK business BUX Financial Services Limited (BFS) to Asseta Holding, the parent company of APM Capital, a leading investment firm based in the UAE. BFS is a UK-based investment firm licensed by the Financial Conduct Authority (FCA) and renowned for offering CFDs and spread betting to both retail and professional clients.
Paycorp Expands Embedded Business Funding into UK
- 2 months 3 weeks ago
- Infrastructure
Paycorp, a global leader in payment solutions, today announces the expansion of its embedded, pre-approved business funding offering into the United Kingdom.