StoneX Announces Adoption of Swift’s Payment Pre-validation Service
- 1 year 1 month ago
- Payments
StoneX is delighted to announce that it is one of the first financial organizations to enable Swift’s new leading-edge solution for cross-border payments. Cross-border payments have long been a complex area marked by ongoing regulatory and compliance changes, bank offline hours, and increasing competition. Swift has consistently played a pivotal role in facilitating such transactions, connecting a vast network of financial institutions as well...
OakNorth Welcomes Lord Adair Turner as Its New Chairman
- 1 year 2 months ago
- People Moves
OakNorth – the neobank for entrepreneurs by entrepreneurs, today announces the further strengthening of its board with the appointment of Lord (Adair) Turner, as its Chairman.
Hakbah - Saudi Arabia’s Leading Decentralised Savings Platform - Partners with Mena’s Leading Open Banking Platform - Tarabut
- 1 year 2 months ago
- Payments, PaaS
Hakbah - the KSA-based fintech savings platform - announces a new partnership with Tarabut - MENA’s leading open banking platform, and an investor in the region’s digital transformation.
Young People Turning to Buy Now, Pay Later to Bankroll Christmas
- 1 year 2 months ago
- Lending, Personal Finance
Rising costs forced young people to use buy now, pay later (BNPL) to afford Christmas this year as a quarter (23%) of young people admitted they were planning on buying their Christmas dinner this year using BNPL, according to new research from responsible lender, Creditspring.
The P2P Market Demonstrates “Non-Random” Randomness
- 1 year 2 months ago
- Lending
Robo.cash analysts studied the exposure of the continental European P2P lending market to the randomization effect. The analysis included 54 European platforms with available statistics on reinvestment volumes. "We ran nearly two dozen statistical criteria to detect patterns such as trend, cyclicality, and seasonality. The absence of these patterns is the main feature of randomness." - platform specialists explain the approach.
Visa Partners with Tencent and Alipay for Seamless Digital Payments in China
- 1 year 2 months ago
- Payments
Visa, a major player in the world of digital payments, has announced an exciting partnership with Tencent and Alipay, two leading internet and technology companies in China. This collaboration aims to empower Vietnamese travelers visiting China by allowing them to link their Visa cards to digital wallets, including Weixin Pay (also known as China’s local wallet of WeChat Pay) and Alipay.
Sezzle Board of Directors Authorizes US$5 Million Stock Repurchase Program
- 1 year 2 months ago
- Investment
Purpose-driven digital payment platform, Sezzle, today announced that the Company’s Board of Directors (the “Board”) has authorized a stock repurchase program of up to US$5 million of its outstanding shares of common stock on the Nasdaq Capital Market.
Citi Appointed as Depositary Bank for ZKH Group Limited ADR Program
- 1 year 2 months ago
- Banking
Citi’s Issuer Services, acting through Citibank, N.A., has been appointed as the depositary bank by ZKH Group Limited (“ZKH”), a leading maintenance, repair, and operations ("MRO") procurement service platform in China, to act as Depositary Bank for its American Depositary Receipt (“ADR”) program.
Velmie Unveils New Software Platform for Syndicated Investment Firms, Revolutionizing the US Market
- 1 year 2 months ago
- PaaS
Velmie, a wealth management technology provider, announces the launch of its new software platform built exclusively for syndicated investment companies operating in the US real estate sector. The platform is poised to redefine the landscape of syndicated investments, leveraging modern technology and unparalleled features to streamline operations and elevate customer experiences.
FlexTrade and LSEG Collaborate to Deliver a Fully Integrated FX Solution
- 1 year 2 months ago
- Trading Systems
FlexTrade Systems, a global leader in multi-asset execution and order management systems, and LSEG have today announced a partnership to deliver FlexTRADER EMS clients seamless access to FXall, LSEG’s leading electronic trading platform for global currency products. The move is designed to support regulated FX flows and further enhance the capabilities of FlexFX as part of FlexTrade’s buy-side multi-asset trading platform.
Deloitte Partners with Fintech Saudi to Launch Makken Program
- 1 year 2 months ago
- PaaS
Deloitte, the leading global professional services firm, is partnering with Fintech Saudi to foster the growth of emerging companies in Saudi Arabia’s financial technology sector through the Makken Program. Saudi Fintech is an initiative by the Saudi Central Bank in collaboration with the Capital Market Authority, aiming to transform Saudi Arabia into an innovative fintech hub with a thriving and responsible fintech ecosystem.
Digital Identity Company Yoti Receives £12.5 Million Funding from HSBC
- 1 year 2 months ago
- Fundraising News
Digital identity company Yoti has received £12.5 million in debt funding from HSBC, and a further £7.5 million in convertible debt funding from existing shareholders. The £20 million funding will support the continued growth of the company through to achieving profitability and beyond.
Updraft Secures £272M in Mix of Debt and Equity Funding
- 1 year 2 months ago
- Fundraising News
Updraft, a well-known consumer lending FinTech, has raised a substantial £272m. The financing comprises a £250m forward flow arrangement with Jefferies Financial Group and Santander Corporate and Investment Banking, along with senior financing from Santander CIB. Additionally, the company raised a further £22m in Mezzanine and equity investment led by Quilam Capital, MoreThan Capital, LC Nueva AIF, and Auluk Investments.
Transforming International Student Payments: NexPay's Journey to Real-Time Transactions
- 1 year 2 months ago
- Payments
NexPay, a rapidly growing fintech company, is revolutionizing international student payments to make studying abroad more accessible and hassle-free. They recognized the need for a comprehensive financial crime prevention and real-time transaction monitoring solution.
Medius Signs Agreements with UK Channel Partners to Extend ERP Integrations
- 1 year 2 months ago
- Infrastructure
Medius, a leading global provider of autonomous accounts payable (AP) automation and spend management solutions, today announced that it has entered into a series of partnerships with several UK-based value-added resellers (VARs) and consultants for leading ERP solutions including those for Sage, IFS, Infor, OpenAccounts, Access, and eBIS.
