Paysafe Partners With Alchemy Pay to Expand Its Customers’ Payment Options
- 6 months 2 weeks ago
- Payments
Paysafe, a global payments platform, today announced a new partnership with Alchemy Pay, a leading fiat-crypto payment solution provider.
$11.6B in Business Capital Could Be Freed by Stablecoins, Says New Report by Cebr and BVNK on 10th Anniversary of Stablecoins
- 6 months 2 weeks ago
- Cryptocurrencies
BVNK, the B2B payments provider and Cebr, the Centre for Economics and Business Research, have published a new analysis on the economic impact of stablecoins, on the 10th anniversary of the first stablecoin launching. As the stablecoin market cap reaches $160bn, the new report demonstrates for the first time the quantitative link between increasing stablecoin use and economic impact. Economic impact of stablecoins revealed
Launches GenAI Tool to Support Financial Services Firms With DORA Compliance of Contracts
- 6 months 2 weeks ago
- Artificial Intelligence
adesso, a leading global IT services provider, is rolling out a new generative AI tool to help financial services firms review contracts in adherence with the European Union's Digital Operational Resilience Act (DORA) directive.
PXP Launches Partner Portal to Elevate Partner Experience
- 6 months 2 weeks ago
- Financial
PXP Financial, a leader in global payment services, is pleased to announce the launch of its Partner Portal. This advanced platform is engineered to transform the merchant application journey, elevating the partnership experience with PXP.
New Version Cohesity Data Cloud 7.2 Brings Faster and More Efficient Data Protection to Enterprises to Strengthen Their Cyber Resiliency
- 6 months 2 weeks ago
- Data
Cohesity, the leader in AI-based data security and management, today announced the new version 7.2 of its flagship platform Cohesity Data Cloud.
Digitt Secures US$50M From CoVenture to Help Prime Borrowers in Mexico Pay Off Predatory Credit Card Debt
- 6 months 2 weeks ago
- Fundraising News
Digitt, a pioneering fintech offering credit card debt refinancing for prime borrowers in Mexico, today announced the launch of a $50M debt facility with CoVenture Management, LLC, a leading private credit and alternative asset manager based in New York, New York. The Facility will help expand Digitt's existing debt refinancing product, expand its product offering and deepen the company's relationship with its growing customer base.
PayPal Appoints Enrique Lores as New Independent Board Chair
- 6 months 2 weeks ago
- People Moves
PayPal Holdings, Inc today announced that Enrique Lores has been appointed the new Independent Chair of its Board of Directors. He succeeds John Donahoe, who is retiring from the PayPal Board after serving as Board Chair since 2015. Lores, President and CEO of HP Inc., has served on the Board since June 2021.
The Current Account Switch Service Reaches 1.4 Million Switches in the Past 12 Months
- 6 months 2 weeks ago
- Banking
Today, the Current Account Switch Service publishes its Q2 2024 Dashboard reporting the latest switching figures and trends. Between April and June 2024, the Current Account Switch Service facilitated 313,293 switches, taking the total number of switches since the Service launched in September 2013 to 10.9 million. More than a decade since launch, the Service has successfully redirected 152.7 million payments.
Spendbase Partners With Thredd to Shake Up Subscription Management in the U.S.
- 6 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.
Temenos Strengthens Commitment to SaaS and the US With Key Executive Appointments
- 6 months 2 weeks ago
- People Moves
Temenos, the banking software company, today announced two key executive appointments to accelerate business growth and capture the market opportunity in SaaS and in the US. Isabelle Guis has joined as Chief Marketing Officer and member of the Executive Committee reporting to the CEO Jean-Pierre Brulard. In addition, Monty Bhatia is appointed Executive Vice President (EVP) of Global Alliances and Partner Ecosystem reporting to the Chief Revenue...
Weavr Secures E-Money Licence to Transform Embedded Finance for B2B SaaS Across Europe
- 6 months 2 weeks ago
- Payments
Today, Weavr announces that it has acquired a European e-money licence. The licence is significant for both Weavr and the embedded finance industry as it aids the expanded adoption of embedded finance by B2B SaaS businesses.
Cash’s Share of In-Store Spend Is Projected to Be Slashed in Half by 2027 According to Worldpay Report
- 6 months 2 weeks ago
- Cash management
The use of cash in Singapore is forecast to decline by more than half by 2027 according to findings in the 2024 Global Payments Report from Worldpay, a leading payments technology and solutions. Data in the report suggests cash use will drop from 15% (S$23 billion) of point-of-sale transaction value in 2023 to 7% (S$11.4 billion) by 2027. Singapore is projected to join France, South Korea, the UK and the U.S., where the transaction value for...
Curql Leads Funding Round in ModernFi to Bring the First Deposit Network to Credit Unions
- 6 months 2 weeks ago
- Investment
Curql, a collective of credit unions jointly investing in fintech, has added ModernFi to its investment portfolio. This investment marks a significant milestone in establishing the first deposit network for credit unions and as the first investment for Curql Fund II, further solidifying Curql's mission to bring relevant and competitive solutions to the credit union industry.
Revolut Receives UK Bank License After 3-Year Wait
- 6 months 2 weeks ago
- Banking
Revolut, a global financial super app serving over 45 million customers worldwide and 9+ million customers in the UK, is thrilled to announce that it has been authorized as a UK bank subject to restrictions. This significant milestone marks an important step in Revolut's journey to launch its bank to customers in the UK.
DeepBrain AI Launches Intelligent Generative AI Bank Tellers at Shinhan Bank in Korea
- 6 months 2 weeks ago
- Financial
DeepBrain AI, a pioneering generative AI company, is proud to announce the launch of the latest iteration of its AI Bank Teller complete with next-generation machine learning. Developed in collaboration with Shinhan Bank, this deep learning technology aims to revolutionize banking by creating interactive AI versions of employees to service customers.
