Meta-commerce Platform PayNearby Mall Witnesses Less than 10% Return on Delivery, One-third that of Traditional Online Shopping

• 1 year 4 months ago
• Digital banking

PayNearby, India's largest branchless banking and digital network, announced that its meta-commerce platform - PayNearby Mall, has registered exceptionally low return rates, helping its partner brands optimise costs. The platform which enables easy availability of goods and services in an assisted mode at the last mile has generated a return rate of ~10% when the average rate typically ranges between 20-30%.

Improving Payment Acceptance Efficiencies Headlines the Agenda at the 2023 nexo standards Annual Conference

• 1 year 4 months ago
• Payments

As payment acceptance technology and solutions continue to evolve rapidly, identifying and driving system efficiencies is a key priority for the payment community.

New Open-banking Powered Tool Launches to Help People Build Credit Score via Everyday Spending as One in Four are Denied Credit due to a Poor Score

• 1 year 4 months ago
• Open Banking

New research shows a quarter (23%) of Brits have been denied credit due to their poor credit score - this equates to over seven million people across the UK - with around four in ten (43%) wanting an easier way to build their credit score that doesn’t involve taking out new lines of credit. BuildMyCreditScore, which launches today, bridges this gap by using open banking technology to empower people to build their credit score simply through...

PayPoint Hits 1,000+ Retailer Sign-ups for Park Christmas Savings

• 1 year 4 months ago
• Payments

PayPoint today announces that more than 1,000 members of the Federation of Independent Retailers (the Fed) have signed up to become PayPoint Park Super Agents, boosting their earning potential by over £1,000 per year.

Lloyds Bank Develops New Digital Trading Solution to Support Businesses

• 1 year 4 months ago
• Trading Systems

Lloyds Bank has developed a new solution where clients can request digital Direct Guarantees or Standby Letters of Credit, helping them to trade more efficiently, safely, and securely. The bank’s Paperless Guarantee initiative, created to support businesses who have a high volume of transactions requiring bank guarantees to be issued, enables instant delivery to recipients(1) while reducing their carbon footprint.

Tarabut Powers Flooss to Enable Faster Loan Approvals

• 1 year 4 months ago
• Lending

Tarabut, MENA’s leading open banking platform, has announced a new partnership with FLOOSS, Bahrain-based digital lending platform. FLOOSS is the first and fastest digital loan app in Bahrain offering consumer loans of up to BHD 750 with a repayment period of up to 12 months.

The Most Precise ID Verification Is Here: Regula Extends its Most Comprehensive Document Template Database to 13,000 Items

• 1 year 4 months ago
• Digital Identity

When adding new identity documents to the database, Regula’s experts meticulously describe all security features, providing detailed descriptions of how every element should look and how exactly one can verify its genuineness. Recent documents, including those integrated into Regula's 2023 database update, reveal a growing trend for more protection against counterfeits, which leads to including more security features or sophisticating the...

Medius Appoints Karim Jouini to Chief Product & Technology Officer and Ahmed Fessi to Chief Transformation & Information Officer

• 1 year 4 months ago
• People Moves

Savy Chooses AMLYZE as its Primary Compliance Service Provider

• 1 year 4 months ago
• Compliance

AMLYZE, a leading RegTech company specializing in anti-financial crime solutions for FinTechs, will serve Bendras finansavimas, the operator of the peer-to-peer lending and crowdfunding platform Savy, as the primary anti-money laundering prevention and compliance solutions provider.

iDenfy Joins NomadRem to Facilitate a More Convenient Customer Onboarding Process

• 1 year 4 months ago
• RegTech

iDenfy, a global RegTech startup offering automated identity verification and fraud prevention tools, announced a partnership with NomadRem, a Lithuania-based fintech company,  which offers quick money transfers, bill payments, and a variety of other financial solutions. iDenfy’s newly integrated ID verification and AML screening tools will ensure a fraud-free, compliant environment for NomanRem. 

Trulioo Global Survey: 79% of Companies Experience Business Identity Theft, Driving Urgency in Verification Market

• 1 year 4 months ago
• Digital Identity

Trulioo, a leading global identity verification platform, today announced new research revealing that 79% of responding organizations have experienced business identity theft, which involves defrauding, extorting or stealing money from a company.

RegTech Africa & Agpaytech Launches 2023 State of the Industry Report on Fintech and RegTech

• 1 year 4 months ago
• RegTech

RegTech Africa & Agpaytech has released a report on the State of Fintech and Regtech activities in Nigeria.

B2B Payments Fintech Getpaid Raises €5.7M in Seed Round

• 1 year 4 months ago
• Fundraising News

Getpaid, a European payments startup for marketplaces and platforms, has raised $6 million in a seed funding round led by Nordic investor Inventure with participation from Picus Capital as well as high-profile business angels from the payment and marketplace industry.

Indonesian Financial Technology Company Investree Secures $231M

• 1 year 4 months ago
• Fundraising News

Indonesia’s digital lending giant, Investree, is on the brink of clinching a significant series D funding, amassing up to €220m ($230.8m) via the establishment of a new joint venture based in Doha.

Modern Treasury Joins J.P. Morgan’s Payments Partner Network

• 1 year 4 months ago
• Payments

Modern Treasury, the operating system for the new era of payments, has joined J.P. Morgan’s Payments Partner Network. This ecosystem of end-to-end payment solutions is designed to meet business needs at any scale.