Payu's Lazypay Partners with Thought Machine to Shape The Future of Credit Solutions in India.
- 1 year 11 months ago
- Lending
PayU, India’s leading payment solutions provider, today announces it has successfully migrated its credit service, LazyPay, to Thought Machine’s cloud-native core banking platform, Vault Core, and is now live. This partnership has enabled LazyPay to build innovative lending and credit products, deliver a superior, secure, and efficient user experience, and set a new standard for credit financing in India.
Wells Fargo and Setpoint Join Forces to Create More Streamlined Access to Capital
- 1 year 11 months ago
- Payments
Setpoint, a leading financial services provider, is pleased to establish a banking relationship with Wells Fargo which enables the cloud-based software company to expand its payment disbursement capabilities. Setpoint will assume the crucial roles of Paying Agent and Calculation Agent for various clients, such as auto and real estate originators and lenders.
docStribute Secures £820k in Pre-Series A Funding
- 1 year 11 months ago
- Fundraising News
London-based RegTech company, docStribute, today announces the successful completion of a pre-Series A funding round, securing £820,000 in investment from financial service angels.
Croatian and Irish P2P Platforms Offer Highest Risk Premium
- 1 year 11 months ago
- Investment
In 2023, the rate of return in the European P2P market has risen to 10.4% with leaders from Croatia and Ireland, where it promises to be at 15% p.a. Robocash analysts have evaluated the level of profitability of 77 P2P platforms from 19 European countries. The study examined both the proposed nominal rates and the real risk premiums, which may vary depending on market conditions, inflation expectations and other factors.
Rain Secures $300 Million in Financing from Clear Haven Capital Management to Expand Innovative Financial Wellness Solutions
- 1 year 11 months ago
- Fundraising News
Rain, the financial wellness platform that helps companies give employees greater control over their finances, announced today it has secured $300 million in financing from Clear Haven Capital Management for a new credit facility. With this new funding, Rain now has more capital to service its growing customer base, allowing it to provide employees an easy way to access their earned wages in real-time, driving increased retention, job...
Ebury Unveils New Solution for Direct Transactions Between Brazilian Real and Chinese Yuan
- 1 year 11 months ago
- Transaction Banking
Ebury, a fintech specializing in cross-border payments and FX solutions, based in London and present in 25 countries, has introduced to the market a pioneering solution for direct transactions between the Brazilian real and the Chinese yuan. The new solution will facilitate and expedite trade between Brazil and China, which in 2023 alone totaled exports and imports of over US$145 billion, according to Brazilian Government data. The solution...
NovoPayment Partners with Mastercard to Grow Footprint in Mexico
- 1 year 11 months ago
- Payments
NovoPayment, a mission-critical financial and payments infrastructure provider, announced today that it has received Mastercard certification, as part of the Mastercard Network Enablement Partner program, to switch and process Mastercard transactions in Mexico.
Neonomics Selected by Lowell to Roll-out A2A Payments Across the Nordics
- 1 year 11 months ago
- Payments
Lowell, a European leader in credit management services, has partnered with Neonomics to enhance their payments offering, implementing, and enabling account-to-account payments in their Norwegian customer portal. With a mission to make credit work better for all, the partnership aims to simplify the way customers pay while driving cost efficiency across the entire value chain from customer to merchant.
Ant International and Yapily Launch Europe’s First Commercial Variable Recurring Payments for e-Commerce, in Partnership with HungryPanda
- 1 year 11 months ago
- Payments
Ant International, a digital payment and financial services leader dedicated to building an inclusive and sustainable global commerce ecosystem, is expanding its existing partnership with Yapily, the leading European open banking platform to introduce Europe’s first-ever commercial variable recurring payments (VRPs) for e-commerce via Open Banking on mobile payment platforms.
Two in Five Have Missed Utility Bill Payments in the Last Six Months
- 1 year 11 months ago
- Personal Finance, Consultancy
Two in five UK adults have missed a utility bill payment in the last six months according to new research from Moneyhub Payments, highlighting the need for more flexible ways to pay.
Fyle Announces Integration with American Express®
- 1 year 11 months ago
- e-Payments
Fyle, an expense management platform that works with customers' existing credit cards, today announced a new integration with American Express to offer U.S. Business and Corporate Card Members the ability to issue on-demand virtual Cards via the Fyle platform, with built-in controls, and enhanced security.
Montonio and Inbank Join Forces to Offer Flexible Financing Solutions
- 1 year 11 months ago
- E-Commerce, Lending
Inbank has entered into an exclusive partnership with Montonio, a leading provider of checkout solutions in Estonia. The initial phase of the partnership will be rolled out in Estonia, with future plans to expand to other markets.
Sprinque Partners with Mangopay to Provide Holistic Payments Solutions for B2B Marketplaces
- 1 year 11 months ago
- Payments
B2B payments platform Sprinque today announces a partnership with Mangopay, a modular and flexible payment infrastructure provider for marketplaces and platforms. The collaboration enables merchants and marketplaces to take advantage of holistic and customizable payment infrastructures and terms, allowing them to grow revenues by tapping into B2B cross-border opportunities.
10x Banking Furthers Expansion into Africa
- 1 year 11 months ago
- Core Banking
10x Banking, the transformational cloud-native SaaS core bank operating system founded by former Barclays CEO Antony Jenkins, has today announced a partnership with Old Mutual as it expands into Africa and scales its evolving core banking system into new markets in response to growing demand.
FintechOS Reports 40% Year-over-Year Revenue Growth for 2023
- 1 year 11 months ago
- Infrastructure
FintechOS announced 40% year-over-year revenue growth in 2023, with the company expecting to achieve profitability in the first half of 2024. Growth has been driven by winning new customers in strategic markets, including the US, UK, Continental Europe, and most recently Asia-Pacific.
