Kiwi Secures $13M in Series-A Funding Led by Omidyar Network India
- 1 year 3 months ago
- Fundraising News
Kiwi, one of India’s leading FinTech companies that is transforming the credit card landscape in India, has raised $13 million (Rs. 108 Crore) in a Series-A funding round led by Omidyar Network India.
Identity Fraud Set to Peak During Christmas Shopping Season
- 1 year 3 months ago
- Security
Identity fraud rose by more than a fifth this year, amid warnings that fraudulent activity is set to peak over the Christmas shopping period New analysis from Experian reveals that identity fraud rose by 22% in 2023, when compared to 2022, with the trend expected to be at its peak over November and December.
Brits Estimated to Pay £828 Million in Interest on Christmas Credit Card Expenses
- 1 year 3 months ago
- Personal Finance
Research from personal finance website finder.com estimates that the UK could spend a total of £828 million on credit card interest over the holiday season. An estimated 23 million Brits plan to use credit cards to cover their Christmas spending, with an average predicted expenditure of £627 each. This estimate is based on paying off balances within 6 months, with an average annual purchase rate of 25.58%. The true cost of things
TCS Launches Invisible Tickets Solution to Transform Commuter Experiences Across the World
- 1 year 3 months ago
- Financial
Tata Consultancy Services (TCS) announced the launch of its innovative Invisible Tickets solution, built in partnership with ING Bank, to help railways and public transport operators worldwide transform the commuting experience.
FinTech Wales Announces UK’s First Sustainable Fintech Leadership Programme
- 1 year 3 months ago
- Infrastructure
FinTech Wales, a non-profit independent membership organisation for the FinTech and Financial Services industries in Wales, has partnered with The London Institute of Banking & Finance (LIBF) to offer an exclusive, five module course for professionals in FinTech to deepen their understanding of sustainability strategies.
BKN301 and CWallet Strategic Partnership: Joining Forces to Empower the Digital Payment in Qatar and MENA Region
- 1 year 3 months ago
- Payments
BKN301 Group, a Fintech company offering Innovative Payments and Banking-as-a-Service solutions with a focus on high-growth markets, especially in the MENA area, continues its development strategy, fostering its growth in the Middle East, especially in Qatar, where it opened a new branch last July, that will help the company better serve the Arabic Gulf.
Global e-wallet STICPAY Partners with Blockchain Research firm Ness LAB
- 1 year 3 months ago
- e-Payments, E-Wallets
STICPAY, a leading global e-wallet service provider and payment gateway, today announces a new strategic partnership with Ness LAB, a pioneering research company dedicated to building a blockchain-based information economy.
CFPB and 11 States Order Prehired to Provide Students More than $30 Million in Relief for Illegal Student Lending Practices
- 1 year 3 months ago
- Lending
The Consumer Financial Protection Bureau (CFPB) and 11 states announced today that Prehired will provide more than $30 million in relief to student borrowers, for making false promises of job placement, trapping students with “income share” loans that violated the law, and resorting to abusive debt collection practices when borrowers could not pay.
2024 Financial Cybersecurity Landscape: Banking Trojans, Rise of Affiliate Groups, Attacks on Direct Payment Systems
- 1 year 3 months ago
- Cybersecurity
Financial institutions and organizations should fortify their defenses in 2024, as threats will surge driven by AI and heightened automation according to Kaspersky experts. In it’s crimeware report and financial predictions for 2024, the cybersecurity company anticipates an increase in cyberattacks, exploitation of direct payment systems, the resurgence of Brazilian banking trojans, and a rise in open-source backdoored packages.
PayPoint Expands Partnership with Yodel and Vinted
- 1 year 3 months ago
- Trading Systems
PayPoint is pleased to announce that it is expanding its partnership with Yodel and Vinted across its Collect+ network, the leading Out of Home parcel pick up, drop off and send service in the UK.
Form3 to Support Klarna’s European Payments
- 1 year 3 months ago
- Payments
Form3, the cloud-native account-to-account platform, is delighted to announce it will be providing Klarna, the AI-powered payments network and shopping assistant, with SEPA connectivity to bolster its customer offering in Europe as part of its wider international growth strategy.
Alba Bank Adopts nCino Cloud Banking Platform for SME Lending
- 1 year 3 months ago
- Lending, Cloud
nCino, Inc., a pioneer in cloud banking for the global financial services industry, today announced that Alba Bank (Alba) has made a significant step towards supporting the UK’s small- and medium-sized businesses (SMEs) by adopting the nCino Cloud Banking Platform.
Sumsub Boosts Pass Rates by 37% for Non-Regulated and Regulated Businesses with Its Refined Global Database Verification
- 1 year 3 months ago
- Digital Identity
Sumsub, a full-cycle verification platform, today announces the latest advancements to its Global Database Verification solution, designed for businesses seeking reliable, efficient, and cost-effective user verification. Global Database Verification caters to a wide range of both regulated and non-regulated industries and businesses looking to ensure the legitimacy and accuracy of user data on a global scale.
Mangopay Brings Seamless Payment Experiences to Maisons du Monde
- 1 year 3 months ago
- Payments
MANGOPAY, the platform-specific payment infrastructure provider, today announces that it has been selected by Maisons du Monde, a renowned home decor and furniture retailer, to offer seamless payment experiences to its marketplace customers. The integration of Mangopay’s modular payment infrastructure marks a significant step forward in improving digital transactions for Maisons du Monde’s marketplace, ensuring greater customer satisfaction...
Payhawk Launches Purchase Orders, Enabling the Procure to Pay Process on its End-to-end Spend Management Platform
- 1 year 3 months ago
- Payments
Today, Payhawk, the global spend management platform, announces the launch of its new Purchase Orders system. The solution streamlines procurement operations by integrating purchase requests, approvals, Purchase Order creation, three-way matching, and the ability to pay in local or cross-border transfers in one seamless platform.
