Mastercard: Contactless payments have become the “new normal” across the UK
- 5 years 7 months ago
- Transaction Banking, Payments
As Mastercard reveal that 66 per cent of all transactions across the UK are now contactless, new research released today identifies consumer habits and viewpoints that mean this is a consumer change that will stand the test of time. In the UK contactless adoption was already high and Mastercard has recently worked with the industry to enable the limit for contactless payments to increase from £30 to £45 to help people benefit from the fastest...
South Africa’s Mama Money Expands Global Reach with Western Union
- 5 years 7 months ago
- Payments
SatoshiPay Secures $550,000 investment from Stellar Development Foundation
- 5 years 7 months ago
- Payments
The Stellar Development Foundation ("SDF") has made a strategic investment of $550,000 by way of convertible loan notes. This investment marks the third investment made by SDF through its Enterprise Fund and will support SatoshiPay to continue to develop its B2B solution for commercial, cross-border payments and its digital wallets. SatoshiPay was one of the first businesses to use Stellar commercially and has, to date, processed €650,000 in...
Global tier-1 bank, Itaú Private Bank International, selects Temenos to power international banking operations
- 5 years 7 months ago
- Banking, SaaS
Temenos (SIX: TEMN), the banking software company, today announced that Banco Itaú (Suisse) SA and Banco Itaú International, affiliates belonging to one of the world’s largest private bank groups, Itaú Unibanco Holding SA (Itaú), have extended their relationship with Temenos to rapidly deploy Temenos Infinity Wealth and Temenos Transact on Temenos SaaS.
Enfuce powers payments in MaaS Global’s revolutionary mobility app
- 5 years 7 months ago
- Payments
Maas Global, the leading Mobility as a Service provider, has partnered with Enfuce – Finland’s largest fintech startup – to launch a card payment offering in Whim, MaaS Global’s all-inclusive mobility app. The partnership enables MaaS Global to issue Mastercard prepaid cards securely, and expand its offering to new markets.
Modern Card Issuing Leader Marqeta Valued at $4.3B in Latest Round
- 5 years 7 months ago
- Investment, Payments
Marqeta, the global modern card issuing platform, announced today that it has raised an additional $150 million in new capital from a leading institutional investor, valuing the company at $4.3 billion.
Lockdown alters crypto trading habits - Revolut data
- 5 years 7 months ago
- Covid-19, Cryptocurrencies
Today Revolut, the Financial Super App with over 10 million customers in the U.K and Europe, reveals figures outlining how the cryptocurrency market has changed on a week by week basis during the lockdown period.
Findr launches AI matching platform to help fintechs grow safely during lockdown
- 5 years 7 months ago
- Artificial Intelligence, Platform Technology
Findr has launched operations in London with the vision of becoming the leading global technology platform for automating and accelerating the creation of commercial partnerships. The company will initially focus on the UK fintech market – the second largest in the world.
On a mission to mainstream digital asset investing and trading, capital markets veterans launch CrossTower Exchange
- 5 years 7 months ago
- Trading Systems, Asset Management, Regulatory Standards
Volksbank Bielefeld-Gütersloh Cooperates with Penta
- 5 years 7 months ago
- Banking
Volksbank Bielefeld-Gütersloh is expanding its successful cooperations with Fintechs from the German start-up scene. The cooperative bank is now the first regional institute to cooperate with the Berlin company Penta. The customers of the digital platform for business banking are primarily small and medium-sized enterprises, some of them from the East Westphalia-Lippe region. The aim of the cooperation is to provide them with urgently needed...
Nimbla and Wiserfunding partner to protect UK SMEs from insolvency
- 5 years 7 months ago
- Covid-19, Credit Risk, Insurance
With the number of UK SMEs in significant financial distress reaching over 500,000 due to COVID-19[1], leading invoice insurance provider Nimbla has teamed up with SME credit risk assessment platform, Wiserfunding, to improve the availability and pricing of commercial credit insurance. This will ensure that SMEs can continue trading and prevent the UK economy from stalling.
Samsung and SoFi introduce money management tool
- 5 years 7 months ago
- Cash management, Platform Technology
Electronics giant Samsung has partnered US digital lender SoFi on a mobile-first money management platform and Mastercard debit card. The Samsung Pay debit card was unveiled earlier this month but the partners have now provided more detail on an accompanying fee-free cash management account. Launching later this summer, Samsung Money by SoFi promises higher-interest earning and a combination of the convenience of mobile payments and the control...
NICE Actimize’s AML Solutions Chosen by Rakuten Securities to Improve Operational Efficiencies and Reduce Compliance Risk
- 5 years 7 months ago
- Compliance, AML and KYC
NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, has been chosen by Rakuten Securities Inc., a major online brokerage operating throughout Japan and across Asia, to implement an innovative anti-money laundering compliance platform to protect and support its investor clients and meet regulatory requirements. Rakuten Securities will utilize industry-leading solutions from NICE Actimize’s...
Siebert Financial Corp. teams up with InvestCloud to lead digital transformation
- 5 years 7 months ago
- Investment Management
Siebert, a leading national broker-dealer and provider of financial services, has appointed InvestCloud to design and implement its complete digital transformation.
Paysend calls for accelerated post-crisis FinTech innovation
- 5 years 7 months ago
- Covid-19, Payments
UK-based FinTech firm Paysend has called for an industry-wide acceleration of innovation across FinTech and payments in response to the global coronavirus situation. Sweeping disruption to the daily financial habits of consumers has created a number of problems that Paysend sees as necessary to be solved by emerging FinTech innovators with the provision of simple, accessible and low-cost solutions.
