AmInvestment Bank Enhances Securities Finance Services with Broadridge to Boost Client Value
- 6 months 3 weeks ago
- Trading Systems
To transform and expand their prime brokerage business lines and as part of its broader efforts to add and enhance value for its clientele, AmInvestment Bank, a company in the Ambank Group and one of the largest banking groups in Malaysia, has deployed global Fintech leader Broadridge Financial Solutions, Inc.'s Securities Finance and Collateral Management platform to enable their Securities Borrowing and Lending product offerings.
Coast Raises $40 Million Series B to Accelerate Adoption of Modern Fleet Payments
- 6 months 3 weeks ago
- Fundraising News
New York-based Coast, which offers a simple and smart way for companies in the United States to manage fuel and fleet spending, today announced it has raised $40 million in new Series B financing, led by ICONIQ Growth. The round included participation from existing investors Accel, Insight Partners, Vesey Ventures, and Avid Ventures, as well as new investors Thomvest.
Should Canada’s Banks Partner with Digital Competitors?
- 6 months 3 weeks ago
- Banking
For 90% of Canadian banking customers, saving is a top priority, but where they’re placing their money is shifting, according to a new report released today. The Banking Disruption Index from global digital transformation company GFT finds that 57% of consumers still prefer to save their money at traditional banks. Digital challengers like neobanks, however, are catching up with them, with 24% of Canadians saying they prefer to save with these...
Jifiti Introduces Tap Now, Pay Later™, Enabling Banks to Easily Deploy Their Loans Through All of the Leading Digital Wallets at Any Point of Sale
- 6 months 3 weeks ago
- Lending
Jifiti, a global embedded lending technology company, announced today the release of its Tap Now, Pay Later™ technology, which enables consumers and business customers to easily add their approved loan or credit funds into any digital wallet, including Apple Pay, via virtual card. The customer can then simply tap their mobile device to pay, as with a regular card transaction, at any point of sale.
Ecommpay Has Partnered with Mastercard to Deliver Click to Pay for Merchants Across the UK and Europe
- 6 months 3 weeks ago
- Payments
Ecommpay merchants are already benefiting from reduced fraud and higher approval rates for their Card on File payments by leveraging network tokens for both online and in-app payments. Merchants can now enjoy the same benefits for customers that use the guest checkout option, as their card details are tokenized at the checkout with Click to Pay without needing to enter card details or be redirected elsewhere to complete the purchase.
Entersekt Closes Record Year of Growth and Expansion
- 6 months 3 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.
Aven Reaches Unicorn Status with $142 Million Series D Investment
- 6 months 3 weeks ago
- Fundraising News
Aven, a technology company offering consumer credit cards backed by home equity, today announced a $142 million series D round of funding led by Khosla Ventures and General Catalyst, with participation from existing investors including Caffeinated Capital, Electric Capital, Founders Fund, and The General Partnership.
PEXX Announces Launch with $4.5 Million Seed Funding to Revolutionize Cross-Border Payments
- 6 months 3 weeks ago
- Fundraising News
PEXX, an innovative fintech startup specialising in cryptocurrency and blockchain technology, has successfully launched following a $4.5 million seed funding round. This funding will drive the development of PEXX’s stablecoin-to-fiat payment platform, aimed at transforming global currency transfers.
Fintech Dopay Secures $13.5 million Series A Extension Round to Bank the Next Billion Workers
- 6 months 3 weeks ago
- Fundraising News
Dopay, the rapidly growing fintech providing a digital payroll and payments platform serving unbanked and underbanked workers in emerging markets, announces the closing of a strategic $13.5 million Series A extension round. This funding milestone tops up a previous $18 million Series A funding round and marks a significant step in Dopay's mission to transform cash-based economies by digitizing payments and providing financial inclusion for...
Top 5 Risks Unchanged but Risk Exposures Are Rising Says Latest Benchmark Report by ORX
- 6 months 3 weeks ago
- Risk Management
Information Security (incl. Cyber), Third Party, Technology, Data Management, and External Fraud remain as the Top 5 ranked risks, with a continued increase in materiality scores in the last six months. The findings were published in the Top Risk Review report from ORX, the world’s largest operational risk association which works with over 125 banks and insurers globally. Steve Bishop, ORX's Director of Research and Information explains:
CNBC Names Trustly a Top 250 Fintech Company for 2024
- 6 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.
ZA Bank Unveils HK’s First Stock Rebate Programme ‘StockBack’
- 6 months 3 weeks ago
- Cryptocurrencies
ZA Bank today announced the launch of StockBack, an innovative stock rebate programme that allows users to get a free lucky draw of big-name US stocks after each successful stock purchase transaction. The move sets a precedent in the local banking industry where users can get “stockback” from every stock purchase for the first time in Hong Kong.
SkySparc Appoints Treasury Industry Expert Jeff Struzenski to Drive Integrated Financial Operations Solutions Across the Americas
- 6 months 3 weeks ago
- People Moves
SkySparc, a leading corporate and financial institutions solutions provider, has appointed industry stalwart Jeff Struzenski as its new Managing Director, SkySparc Americas, to help augment enterprise liquidity management processes across the financial operations of the region’s corporates and banks. Positioned at the nexus of treasury consulting, optimization, platform integration, and AI, SkySparc aims to empower finance leaders by...
Reshaping Smarter Finance in the Digital Age
- 6 months 3 weeks ago
- FinTech StartUps
Advancements in technology and the finance system present a key moment where financial institutions can reshape resilience, reshape agility, and reshape intelligence. These three factors are key to facing future uncertainties and facilitating the transformation of the financial industry.
DIMOCO Payments Provides Carrier Billing to Deutsche Telekom’s Online Shop
- 6 months 3 weeks ago
- Payments
Leading payment provider and carrier billing specialist, DIMOCO Payments, strengthens its partnership with Telekom, a leading Mobile Network Operator in Germany, by providing carrier billing services to their online shop in collaboration with Brodos. With the DIMOCO Payments Agent Model, Telekom and Brodos can accept carrier billing payments for physical goods. This next step will allow customers to make friction-free purchases on a wide range...
