Empowering the Future of Banking: Celebrating Innovation and Excellence at the 12th Edition Connected Banking Summit – Southern Africa 2024
- 8 months 1 week ago
- FinTech StartUps
The Maslow Hotel in Johannesburg became the epicentre of innovation and excellence on May 23rd, 2024, as it hosted the 12th Edition Connected Banking Summit – Southern Africa Innovation & Excellence Awards 2024. This highly anticipated event celebrated outstanding achievements in the banking and financial services industry, centered around the theme "Empowering Tomorrow's Banking Digital Landscape: Enroute to Technology, Innovation,...
Industry Veteran Jonathan Brewer Joins GCEX Group as Chief Revenue Officer to Accelerate Global Business Growth
- 8 months 1 week ago
- People Moves
GCEX (GCEX Group), a leading regulated digital prime brokerage renowned for providing brokers, funds and professional traders with access to deep liquidity has appointed industry veteran, Jonathan Brewer as Chief Revenue Officer. Based in the UK, Jonathan Brewer’s focus will be on driving growth from institutional and professional clients across all GCEX entities including the UK, Denmark and UAE.
Revolutionizing Growth for SaaS Companies: Novel Secures $15M Oversubscribed Round to Propel Capital Intelligence™ Platform
- 8 months 1 week ago
- Fundraising News
Novel announces a $15M oversubscribed Pre-Series A round, co-led by IGNIA Partners and Ulu Ventures, to propel the fintech’s expansion of their groundbreaking Capital Intelligence™ platform.
Visa and Mastercard Agree to Pay $197 Million to Settle ATM Fee Class Action Lawsuit
- 8 months 1 week ago
- ATMs
In a significant development, Visa and Mastercard have reached a settlement totaling $197 million to resolve a prolonged class action lawsuit alleging the manipulation of ATM fees to artificially inflate costs. The lawsuit, which has been ongoing for a considerable period, asserts that the ATM network regulations imposed by Mastercard and Visa resulted in inflated access fees for individuals withdrawing cash from bank-operated machines.
SeABank and Visa Strategically Cooperate to Accelerate Digital Payments
- 8 months 1 week ago
- Payments
Southeast Asia Commercial Joint Stock Bank (SeABank, stock code SSB) and Visa Inc. further tightens their comprehensive cooperative partnership by a strategic cooperation agreement on developing digital payments. This cooperation aims to facilitate SeABank's delivery of the best solutions, improvement of data capacity and expertise to open up new opportunities for advancements, thereby accelerating SeABank's payment services development strategy.
Coinbase Derivatives and Coinbase International Exchange Data Now Available Through Coin Metrics’ Market Data Feed
- 8 months 1 week ago
- Cryptocurrencies
Coin Metrics, a leading provider of crypto financial intelligence, is pleased to announce that it has added data from Coinbase Derivatives and the Coinbase International Exchange to its Market Data Feed.
Light Frame, Ltd. Secures $1.7 Million of Pre-seed Funding to Launch the Next Generation of Private Banking and Wealth Management Technology
- 8 months 1 week ago
- Fundraising News
Light Frame, a pioneering Swiss-American FinTech company headquartered in Providence, R.I., today announced the successful oversubscription and completion of its Pre-Seed financing round, raising $1.7 million.
Kintsugi Announces $6M Series A Funding Round At $40M Valuation
- 8 months 1 week ago
- Fundraising News
As businesses grow, the complexity of sales tax compliance increases. Addressing this challenge is Kintsugi, a fintech startup using advanced AI to simplify tax compliance. Today, Kintsugi announced the successful completion of a $6 million Series A funding round, valuing the company at $40 million.
Forward Secures $16M Seed Funding Led by Commerce Ventures, Elefund, and Fiserv
- 8 months 1 week ago
- Fundraising News
Forward, a tech partner that enables SaaS companies to integrate and monetize payments, has successfully raised $16M in seed funding. This round was spearheaded by Commerce Ventures, Elefund, and Fiserv. The new capital will help Forward cater to the growing demand from software partners and leverage artificial intelligence to enhance payment risk functions, significantly improving both client and merchant experiences.
Over a Third of Fraud Attempts Targeting Financial Institutions Now Use AI
- 8 months 1 week ago
- Fraud Detection
Signicat, the European leader in digital identity and fraud prevention solutions, today announces a new report on the growing threat of AI-driven identity fraud in partnership with independent consultancy Consult Hyperion. The research reveals that fraud prevention decision-makers across Europe are experiencing more AI-driven identity fraud and expect it to grow, but are unprepared to tackle it, and haven’t been able to implement measures to...
The Bank of London Announces Strategic Partnership with allpay Limited to Transform Banking and Payments in UK Social Housing Market
- 8 months 1 week ago
- Banking
The Bank of London announces a strategic partnership with payments specialists, allpay Limited, to simplify and expedite payments for everyone, whether they have a bank account or not, through easily manageable prepaid cards.
FinTech Industry Unites Behind Project Nemo
- 8 months 1 week ago
- Infrastructure
Today, Project Nemo announces that support from across the FinTech industry is enabling the disability inclusion initiative to exhibit at Money20/20, to bring more awareness of the need to serve the UK’s largest minority better.
Klarna Announces Profitable Start to 2024 as It Sets the Stage for a Year of Innovation and Growth
- 8 months 1 week ago
- Infrastructure
Klarna, the AI-powered global payments network and shopping assistant, today reported its Q1 2024 financial results, revealing another profitable quarter and continued growth outpacing ecommerce.
Ivalua Teams Up with Visa to Help Unlock Capital Within Supply Chains
- 8 months 1 week ago
- Supply Chain Finance
Ivalua, a global leader in spend management, today announced a collaboration with Visa, a world leader in digital payments, to empower organizations to release the cash locked within payment cycles, driving process efficiencies and maximizing opportunities with suppliers.
ABN AMRO Announces the Acquisition of Hauck Aufhäuser Lampe
- 8 months 2 weeks ago
- Banking
ABN AMRO announces it has reached an agreement with Fosun International to acquire Hauck Aufhäuser Lampe (“HAL”), a leading German private bank. With the acquisition of HAL, Bethmann Bank – ABN AMRO’s private banking arm in Germany – will become one of the largest providers of banking services for wealthy private clients, family businesses and institutional clients in Germany.
