Solaris Wins Bitpanda as New Partner for Its KYC Platform

• 5 months 1 week ago
• AML and KYC

Solaris, Europe’s leading embedded finance platform is proud to welcome Bitpanda, Europe’s leading crypto platform, on its KYC platform. Bitpanda will leverage Solaris full digital and scalable KYC solution Bankident to identify customers in Germany.   This signals an exciting new chapter in a longstanding partnership between Solaris & Bitpanda, with Solaris already acting as issuer and processor for Bitpanda’s debit card programme across...

PingPong Secures Indonesian Payments License, Unlocking $1.5 Trillion Market for Enterprises

• 5 months 1 week ago
• Payments

PingPong, a leading global cross-border payments platform, has received a Payment System Service Provider (PJP) license from Bank Indonesia. This new license enables PingPong to facilitate both cross-border and domestic payments in Indonesia, a key market with a projected 2024 GDP of $1.5 trillion USD. 

Wefox Exits German Market with Two Successful Transactions

• 5 months 1 week ago
• Insurtech

As announced in June, wefox has continued to implement its exit from the German insurance market as part of the refocusing of its portfolio on profitable market positions of critical size.

Konsentus Verify Now Available on Temenos Exchange

• 5 months 1 week ago
• Banking

Konsentus today announced that Konsentus Verify, Europe’s leading open banking identity and regulatory checking solution, is now available on Temenos Exchange, the partner ecosystem of integrated fintech solutions. Konsentus Verify ensures end-user account access is never granted to unauthorised third parties, giving consumers and businesses the highest degree of protection when making open banking transactions.

PROVEN Bank Deploys Fenergo’s Transaction Monitoring to Bolster Its AML Compliance

• 5 months 1 week ago
• Compliance

Fenergo, the leading provider of digital solutions for know-your-customer (KYC), transaction monitoring and client lifecycle management (CLM), today announced that Caribbean-based PROVEN Bank is deploying Fenergo’s transaction monitoring solution to streamline its anti-money laundering (AML) compliance processes.

Northeast Bank Partners with CorServ to Implement a Comprehensive Credit Card Program for Business and Commercial Customers

• 5 months 2 weeks ago
• Credit Cards

Rillet Secures $13.5M in Funding Led by First Round Capital and Creandum

• 5 months 2 weeks ago
• Fundraising News

Rillet is excited to announce the successful raising of $13.5M in funding, led by First Round Capital (Uber, Square, Notion, Looker) and Creandum (Spotify, Klarna), alongside Susa Ventures (Robinhood). This round also saw participation from notable individual investors such as Kevin Hartz (founder of Eventbrite, Xoom, and investor in SpaceX, Airbnb, Palantir), the former Chief Accounting Officer of Facebook and Stripe, and the Controller at Ramp.

AppBrilliance Brings Real-Time Frictionless Payments to Closed Loop Digital Wallets with RTP & FedNow

• 5 months 2 weeks ago
• Payments

AppBrilliance, a pioneer in real-time payment solutions with its cutting-edge Money API™ platform, is leveraging a recent rule change by The Clearing House to expand use-cases for Real Time Payments (RTP) to closed-loop digital wallets in the US.

ThetaRay Revolutionizes AI Financial Crime Detection with Screena Acquisition

• 5 months 2 weeks ago
• Security

ThetaRay, the leading provider of AI-powered financial crime detection technology, today announced the acquisition of next-generation European screening company, Screena. The acquisition demonstrates ThetaRay's continuous investment in proprietary technology and reaffirms its mission of enabling banks, fintechs, and regulators to detect financial crime with state-of-the-art AI solutions. 

EarnUp Launches AI Advisor, An On-Demand Financial Guru Empowering Users With Hyper-Personalized Insights & Guidance

• 5 months 2 weeks ago
• Financial

EarnUp Inc., a financial wellness fintech company, announced today its newest product, AI Advisor, the industry’s first and only always-on AI-powered financial guru that helps to automate end-to-end consumer financial wellness. From expert advice to seamless execution, AI Advisor provides financial institutions with the ultimate customer engagement tool.

Safecypher to Drive Safer, More Robust Online Card Payments with the Launch of Evolutionary Technology

• 5 months 2 weeks ago
• Fraud Detection

Safecypher, one of Europe’s leading card payments security companies, has launched an advanced new anti-fraud technology in partnership with An Post. The Irish Post office will now embed the Safecypher security technology for CNP (Cardholder-Not-Present) payments into its popular An Post Payments app.  CNP fraud is one of the most devious and pernicious types of credit and payments card fraud, and CNP global losses predicted for 2024 are $35.8...

Stripe Selects Fifth Third to Power Embedded Financial Services

• 5 months 2 weeks ago
• PaaS

Fifth Third Bank is pleased to announce a collaborative agreement between Newline™ by Fifth Third, a leading embedded payments provider, and Stripe, a financial infrastructure platform that enables businesses to seamlessly incorporate financial services in their products. Together, Newline™ and Stripe will expand embedded financial services for Stripe’s platform users and their customers.

Brite Payments Builds Momentum with Market Expansion and Key Executive Appointments Amid Industry Accolades

• 5 months 2 weeks ago
• People Moves

Swedish fintech, Brite Payments, continues to solidify its position as a leader in account-to-account (A2A) payments, also known as ‘Pay by Bank’, with a number of milestones in the first half of 2024 amid widespread industry recognition. 

Aveni Secures £11M Investment to Drive AI Revolution in Financial Services

• 5 months 2 weeks ago
• Fundraising News

AI Fintech Aveni.ai has announced one of the largest Series A investments in a Scottish business this year, amounting to £11 million.

Salaam Somali Bank and Mastercard Launch Innovative Digital-First Multi-Currency Prepaid Card

• 5 months 2 weeks ago
• Payments

In a significant move towards enhancing digital financial inclusion, Salaam Somali Bank, in collaboration with Mastercard, has announced the launch of a digital-first co-branded multi-currency prepaid card designed to revolutionize digital payment solutions. This strategic collaboration aims to cater to the growing needs of international travelers and diaspora communities by providing secure and convenient means of conducting digital payments...