Biggest Black Friday Week Ever - With Sales Up 7.3% Compared With 2022
- 1 year 3 months ago
- Infrastructure
Mollie, one of the fastest-growing financial service providers in Europe, has revealed that merchants saw a 7.3% increase in sales during Black Friday week 2023 with larger basket values (+8.7%) when compared to last year. Increased spend was driven by the average number of items per order increasing +14% YoY. Black Friday itself was the busiest day of the week with a 2% increase in share of the total week’s sales versus last year.
Shaping Tomorrow's Finance: ICAP GCC Finance Summit 2023 Sparks Insights and Innovation in Dubai
- 1 year 3 months ago
- FinTech StartUps
The first GCC Finance Summit opens tomorrow, Monday 28 November, at Le Méridien Dubai Hotel & Conference Centre, Dubai. Under the theme 'Enabling for Future: Technology & Sustainability'. This landmark event convenes finance professionals, investors, board members, and regulators to explore the dynamic intersection of technology and sustainability shaping the financial landscape.
Finastra Global Survey Reveals Excitement Around Pace of Change in Financial Services Industry and the Potential of Generative AI
- 1 year 3 months ago
- Artificial Intelligence
Finastra’s annual global survey reveals that, despite economic constraints, financial institutions globally continue to invest in artificial intelligence (AI), Banking as a Service (BaaS) and embedded finance.
Collctiv and Ryft Forge Strategic Partnership to Revolutionise Group Payments
- 1 year 3 months ago
- Payments
Collctiv will leverage Ryft's expertise to facilitate the creation of their money pots for users, simplifying the money collection process for organisers of group gifts and activities. The new arrangement provides a multitude of additional benefits for Collctiv, such as reduced fees and increased payment flexibility.
Majority of Banks Are Piloting Opportunities of Generative Ai - and Preparing for the Risks, According to New Industry Study
- 1 year 3 months ago
- Artificial Intelligence, Banking
UK Finance and global management consultancy Oliver Wyman today released their report on the use of AI in financial services (FS), and the future opportunities and risks for the sector. It includes a snapshot survey of 23 companies ranging from international to mid-size banks and non-banking FS firms.
iDenfy Increases Security for Online Marketplace Users at ByNoGame
- 1 year 3 months ago
- Authentication Technology
iDenfy, a Lithuania-based RegTech company offering identity verification and fraud prevention tools, announced a new partnership with ByNoGame, a Turkey-based online marketplace business, providing its customers with a fast and secure way to sell and buy gaming products. iDenfy’s ID verification solution will ensure that all platform users have access to a safe marketplace by eliminating fraud in real-time through a quick onboarding process.
Polish Mobile Payment System BLIK to Modernize and Expand into Romania and Slovakia with DXC Technology
- 1 year 3 months ago
- Payments
DXC Technology, a leading Fortune 500 global technology services provider, will support Polish Payment Standard (PSP) in the expansion of its mobile payment system, BLIK, into Romania and Slovakia.
Volante Technologies Enhances Volante Experience to Support the Digital Transformation Needs of Financial Institutions
- 1 year 3 months ago
- PaaS
Volante Technologies, the global leader in cloud payments modernization, today announced the general availability of the latest version of the Volante Experience™.
Fintech Company ID Finance Secures €12M Credit Line from a European Listed Bank
- 1 year 3 months ago
- Fundraising News
ID Finance, a prominent FinTech company, has achieved a significant milestone by securing a €12m credit line from a listed bank. The financing agreement is set to bolster ID Finance’s consumer lending operations in Spain, where it has already established a strong presence with over two million unique registered users. This move is expected to solidify ID Finance’s standing as the top alternative lending brand in the Spanish market.
Innovative Payment Frontier: Gala Technology Bridges SOTpay with Apple Pay and Google Pay, Transforming E-commerce with Worldpay
- 1 year 3 months ago
- Payments
Gala Technology, a leading innovator in secure payment solutions, is proud to announce a groundbreaking development in digital transactions. In a strategic partnership with Worldpay, Gala Technology has successfully integrated SOTpay with Apple Pay and Google Pay, heralding a new era in payment convenience and security.
Isle of Man's Global Innovation Challenge Invites Trailblazing Businesses to Submit Solutions to Key Industry Challenges
- 1 year 3 months ago
- Financial
The Isle of Man has launched its biggest-ever Innovation Challenge to develop solutions that tackle key issues in FinTech, Cleantech, and Artificial Intelligence. Participating businesses from around the world will develop and test creative technology-based solutions to address challenges faced by companies in the Island and globally.
Three-quarters of Pension Savers Would Choose ‘Pot for Life’ Pension
- 1 year 3 months ago
- Personal Finance
New research from leading online pension provider, PensionBee, reveals a notable enthusiasm among c.1,000 UK pension holders for the recently announced ‘pot for life’ pension model. Over three-quarters (76%) of pension savers expressed that they would consider opting for the new model, while only 5% of savers stated that they would not be interested in having their own pension into which employers can pay contributions.
ALT21 Welcomes Ann Stock as New Board Member
- 1 year 3 months ago
- People Moves
ALT21, a leading hedging technology company, welcomes Ann Stock to its board of directors. The Board announcement follows the Company’s recently closed USD 21mio (19.4mio EUR) million funding round, one of the largest pre-series A funding rounds in Europe so far this year, to support the next stage of its growth.
Men Most Likely to Use BNPL for Black Friday Purchases This Year, as Shoppers Plan to Use the Payment Option More Due to the Increasing Cost of Living
- 1 year 3 months ago
- Lending
New research from leading international payment service provider and UK and Europe direct bank card acquirer, Ecommpay, reveals that men are more likely to use Buy Now, Pay Later (BNPL) (44%) compared to women (35%) this Black Friday. When asked why, two in five consumers (39%) cited the increasing cost of living and inflation as their reason for using BNPL services more in 2023 – with expected use up from 35% in 2022.
Nigerian Trade Finance Startup FrontEdge Secures $10M
- 1 year 3 months ago
- Fundraising News
Nigerian trade finance startup FrontEdge, a company focused on facilitating cross-border trades for African SMEs, has raised a substantial $10m in a mix of debt and equity funding.
