Citi and Emirates NBD Collaborate To Launch First-of-Its-Kind 24/7 USD Cross Border Payments In The Middle East
- 8 months 17 hours ago
- Payments
Today, Citi and Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, announced a collaboration to launch Citi’s first-of-its-kind 24/7 USD Clearing service in the Middle East. This makes Emirates NBD the first bank to use Citi’s 24/7 USD Clearing service to make cross-border USD payments available to their corporate and retail clients 24 hours a day, 7 days a week, 365 days a year, end to end across...
FreedomPay Launches Industry’s First Independent Payment Processing Referral Advisory for Merchants
- 8 months 18 hours ago
- Payments
FreedomPay, the global leader in Next Level Commerce™, today launches Merchant Centric Acquiring™ (MCA), the first-of-its-kind, independent and impartial advisory service available to merchants in the United States & Canada that democratizes payment processing, delivering a more equitable payment system for their business. FreedomPay’s MCA service directly addresses merchant pain points:
WealthKernel Partners With Fint Invest To Empower Young Investors To Make Smart Investing Choices
- 8 months 19 hours ago
- Infrastructure
WealthKernel, a digital investing infrastructure provider, today announces a new partnership with Fint Invest, a digital wealth-building and educational platform catering to the next generation of investors. Fint, a digital solution powered by IronMarket Wealth, aims to help young investors by offering them modern portfolios aligned to their areas of interest, such as climate change, disruptive technology, and e-sports.
Sumsub Revamps Business Verification, Making It the Only Six-in-One KYB Solution on the Market
- 8 months 19 hours ago
- AML and KYC
Today, Sumsub, a global full-cycle verification provider, revamped its Business Verification solution with expanded coverage and data sources to improve data quality and enhance user experience.
NOW Money Secures $4 Million in Investment for Business Expansion and Technological Advancements
- 8 months 19 hours ago
- Fundraising News
Dubai-based NOW Money, today announces it has closed on a $4 million equity round. The investment completes the second round of funding for the company since its acquisition led by Mark Nutter and Nicolas Andine in 2023.
Airwallex Hong Kong Increases Local Customer Base by Nearly 80% Amid Growing Adoption for Cross-Border Money Transfers
- 8 months 19 hours ago
- Money Transfers
Airwallex, a leading global payments and financial platform for modern businesses, saw robust customer growth in Hong Kong, with its transacting customer base increasing by 79% YoY in the first quarter of 2024.
Entrust Enables Governments to Transform Citizen Interactions with Digital Identities
- 8 months 19 hours ago
- Digital Identity
Entrust, a global leader in delivering identity-centric security solutions for governments and enterprises worldwide, today announced the launch of its Citizen Identity Orchestration solution. Governments now can streamline the delivery of public services through secure digital identities, embedding trust in every citizen interaction.
Starling Group Achieves Third Year of Profitability
- 8 months 19 hours ago
- Infrastructure
Starling Group today publishes consolidated results for Starling Bank, Engine by Starling and Fleet Mortgages, for the year ending 31 March 2024. The results show a third year of profitability for the Group, driven by strong growth in revenue, deposits, active customers and customer transactions. The UK digital banking group reports a 54.7% increase in pre-tax profits to £301.1m. Revenue grew by 50.6% to reach £682.2m, while total deposits were...
N26 Appoints Peter Kleinschmidt to N26 AG’s Supervisory Board
- 8 months 20 hours ago
- People Moves
N26 today announced the appointment of Peter Kleinschmidt to the Supervisory Board of N26 AG following its 2024 Annual General Meeting.Peter, an avid investor in startups with a focus on new and emerging technology, brings decades of experience in the financial services, banking and insurance industries.
Michael Kors First to Debut Shopping Muse, the AI-Powered Shopping Assistant From Dynamic Yield by Mastercard
- 8 months 20 hours ago
- Artificial Intelligence
Michael Kors and Mastercard are ushering in the future of fashion with the iconic retailer’s adoption of Shopping Muse, the next-generation retail assistant from Dynamic Yield, a Mastercard company. Michael Kors is the first retailer to make Shopping Muse and its advanced generative AI capabilities available to consumers through an integration on its website in the U.S.
Buy Now Pay Later: Nexi and Compass Expand Their Partnership to Include E-commerce
- 8 months 20 hours ago
- Lending
Nexi, the European PayTech leader, and Compass, the Mediobanca Group’s consumer credit arm, are consolidating their strategic partnership in the Buy Now Pay Later (BNPL) segment by expanding it to include the e-commerce channel as well.
Cracking the Code: Keabank Unveils Its Recipe for Fintech Success
- 8 months 20 hours ago
- FinTech StartUps
In the ever-evolving landscape of fintech, technological innovation and effective compliance stand as formidable hurdles, often separating the thriving from the struggling. Keabank has not only embraced this challenge but has elevated it to an art form.
Transact365 Expands to Now Offer 10 Crypto Processing Solutions
- 8 months 21 hours ago
- Cryptocurrencies
Transact365, a UK-based global payment service provider powering merchants across the globe, has announced it is further expanding its crypto processing solutions. Founded in 2017 and headquartered in London, with offices in the Philippines, Indonesia and Canada Transact365 offers a global payments solution platform for merchants across a range of leading industries.
Liberis and Paytrail Partner to Offer Revenue-Based Financing to E-Commerce Businesses in Finland
- 8 months 21 hours ago
- E-Commerce
Liberis, the leading global embedded finance platform announced today, a partnership with Paytrail, the leading Finnish online payment service provider. Paytrail Financing, powered by Liberis, is designed to offer e-commerce businesses in Finland revenue-based financing within a simple 4-click journey.
Three Million 'Frankenstein' Identities Pose a Multi-Billion Pound Fraud Threat: LexisNexis Risk Solutions
- 8 months 21 hours ago
- Security
New research from LexisNexis Risk Solutions shows that the latest fraud threatening the UK could cost businesses at least £4.2billion if appropriate steps are not taken. A new study looked at over 72million consumer profiles and found 2.8million showing several signs of 'Frankenstein cloning', where fraudsters stitch real and made-up personal details together to create a 'new' synthetic identity to spoof credit checks and commit high-value fraud...
