Visa’s Global Product Drop Set for April 30th
- 11 months 1 week ago
- Payments
Visa today announced its Product Drop event is scheduled for April 30 in San Francisco. At the event, Visa CEO Ryan McInerney and Visa Chief Product and Strategy Officer Jack Forestell will take the stage to unveil new products, solutions and technology partners that are poised to transform the next generation of commerce. Visa will unveil its 2025 roadmap and transform the way people around the world shop and buy with AI Share
Toku Raises $48 Million Series A to Expand Accounts Receivable SaaS Across Latin America
- 11 months 1 week ago
- Fundraising News
Toku, an account receivable SaaS platform, announced today that it has raised $48 million in Series A funding, bringing its total funding to $55 million. With this fundraise, Toku and CEO Cristina Etcheberry have raised the largest Series A by a female founder in Latin America. The round was led by Oak HC/FT, representing its fourth fintech investment in LatAm in the past three years.
SoFi Secures $3.2 Billion Expansion to Loan Platform Business Across Agreements With Fortress and Edge Focus
- 11 months 1 week ago
- Lending
SoFi Technologies, Inc. announced a $2 billion extension of its Loan Platform Business agreement for personal loans with funds managed by affiliates of Fortress Investment Group (“Fortress”). This extension builds on the original $2 billion Loan Platform Business agreement between SoFi and Fortress announced in October 2024. SoFi also signed a two-year agreement to originate an additional $1.2 billion in loans, with technology powered by a joint...
Barclays and Brookfield Enter Strategic Partnership to Transform Bank’s Payment Acceptance Business
- 11 months 1 week ago
- Payments
Barclays and Brookfield Asset Management Ltd., through its Financial Infrastructure strategy, today announce a long-term strategic partnership (the “Partnership”) to grow and transform Barclays’ payment acceptance business (the “Business”), previously referred to as its merchant acquiring business. Barclays and Brookfield will work to create a standalone entity over time.
BNY Mellon Enhances Compliance Monitoring With Behavox Quantum AI
- 11 months 1 week ago
- Compliance
Behavox, an AI insights company that transforms structured and unstructured corporate data into insights that safeguard and enhance businesses, today announced that BNY (NYSE: BK), a global financial services company, has successfully completed the implementation of Behavox Quantum.
FIS Announces Sale of Worldpay Stake and Strategic Acquisition of Global Payments’ Issuer Solutions Business
- 11 months 1 week ago
- Payments
FIS® a global leader in financial technology, today announced it has entered into a definitive agreement to acquire 100% of Global Payments' (NYSE: GPN) Issuer Solutions business for an enterprise value of $13.5 billion, or a net purchase price of $12 billion including $1.5 billion of anticipated net present value of tax assets.
Alkami and Cornerstone Advisors Release New Digital Banking Performance Metrics Report
- 11 months 1 week ago
- Digital banking
Alkami Technology, Inc., a leading cloud-based di
CompoSecure Global Survey Supports Metal Payment Cards as a Powerful Tool for Banks and Fintechs to Attract, Engage, and Retain High-Value Customers
- 11 months 1 week ago
- Payments
CompoSecure, Inc., a leader in metal payment cards, security, and authentication solutions, today released a new report based on an independent global survey the company commissioned from Capuchin Behavioural Science. The survey found metal payment cards drive growth for financial institutions, especially among wealthy and younger consumers.
More Consumers Report Opening Credit Cards, Yet a Third Say They Don’t Know Their Credit Score
- 11 months 1 week ago
- Payments
New research by TransUnion, a global information and insights company has revealed that over the last 12 months, there has been an 8% increasei in the proportion of UK consumers who said they have a credit card, yet a third say they don’t know their credit score.
BlueSnap Partners With Shopware to Unlock Seamless Payments for North American Businesses
- 11 months 1 week ago
- Payments
BlueSnap, the global payment orchestration platform for leading B2B and B2C businesses, today announced it is a payment partner for Shopware, an open-source eCommerce platform.
Klap Launches Visa and Mastercard Acquiring on BPC’s Cloud, Reaching 90 Million Monthly Transactions
- 11 months 1 week ago
- Payments
Klap, one of Chile’s fastest-growing acquiring networks, has achieved a significant milestone by launching Visa and Mastercard acquiring services in partnership with BPC, a global leader in payment solutions. Leveraging BPC’s next-generation SmartVista platform in the cloud, Klap has completed a comprehensive modernisation of its processing infrastructure.
Allvue Systems Launches AI-Ready Nexius Intelligent Data Platform to Transform Private Capital Data Management
- 11 months 1 week ago
- Data
Allvue Systems, LLC, a leading provider of technology solutions for investment managers, today announced the launch of the Allvue Nexius Intelligent data platform, an AI-ready, cloud-native solution designed to eliminate data silos, automate workflows, and deliver real-time insights for private capital markets.
Luma Financial Technologies Announces the Closing of a $63 Million Series C Investment Led by Sixth Street Growth
- 11 months 1 week ago
- Fundraising News
Luma Financial Technologies (“Luma”), a global leader in structured products and insurance solutions, announced today that it has closed a $63 million Series C financing led by Sixth Street Growth, the growth investing business of leading global investment firm Sixth Street. Existing strategic investors including Bank of America, Morgan Stanley, UBS, and TD Bank Group participated in the round.
Swift Solution for Managing Cross-Border Payments Investigations Could Save Industry Millions in Operational Costs
- 11 months 1 week ago
- Payments
Swift today announced the launch of an enhanced solution for managing payment investigations that could save the financial industry millions and significantly reduce the time it takes to identify and resolve issues when international payments are delayed.
Recurly Unveils Next-Gen Product Suite to Shape the Future of Subscriptions
- 11 months 1 week ago
- E-Commerce
Recurly, a leader in subscription management, today unveiled its most transformative and innovative product release to date. Announced live at its flagship virtual conference, Subscription Sessions, Recurly introduced its powerful new AI-powered growth engine, Recurly Compass; a Shopify integration that provides enterprise-grade support for ecommerce subscriptions; and new plug-and-play payments functionality designed to streamline global scale...
