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  • 06:00 am

Today, TIBCO has announced it was named a Leader in the 2022 GigaOm® Radar for Data Virtualisation: Enterprise Vendors. GigaOm evaluated the TIBCO® Data Virtualisation application, which received a Leader ranking.

"We are immensely proud of being named a Leader in the GigaOm Radar, as it evaluates a vendor's ability to execute, roadmap, and capacity to innovate, all of which are critical success factors to our business," said Matt Quinn, general manager, TIBCO, a business unit of Cloud Software Group. "GigaOm Radar is based on forward-looking analyses that emphasise the value of innovation as a differentiator, as opposed to simply market share; its results carry immense credibility in the market."

The TIBCO Data Virtualisation capabilities, as part of the broader TIBCO platform, support the data fabric journey that customers require to combine, provision, and use their enterprise data. By orchestrating and facilitating access to varied data sources from multiple points within an organisation, the solution delivers datasets in a unified and logical data layer, where users can perform better data analysis and create actionable insights in real-time.

According to the GigaOm Radar, TIBCO is at the front of the data virtualisation pack with its strong feature set, platform design, and well-thought-out data management capabilities. The report showcases the technical depth of the TIBCO Data Virtualisation offering and highlights its continual focus on innovation and development.

According to the GigaOm report, "TIBCO has positioned itself as a data fabric champion. It contains all the essentials – connecting to sources, discovering data, transforming it with graphical modelling, and publishing it in a semantic layer of data services – for success… TIBCO's architecture is primed for more centralised (and decentralised) use cases for readying disparate data for consumption."

Key metrics used to evaluate the different vendors across the report included user-friendliness, flexibility, automation, innovation, and cloud-native capabilities.

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  • 01:00 am

Clearpay, the leader in Buy Now, Pay Later (BNPL) payments, has partnered with leading UK charity Smart Works, which exists to give women the confidence they need to secure employment and change the trajectory of their lives. The new partnership will give even more women in the UK the tools to succeed and achieve their goals.

The partnership will kick off with Clearpay employees volunteering at Smart Works centres and at the charity’s upcoming event, The Telegraph x Smart Works Fashion Sale at Somerset House (November 19 - 20), which will welcome around 800 shoppers, with 100% of the proceeds going directly to Smart Works. As well as supporting the charity at this and other fashion sale events, Clearpay will give a financial contribution, and will organise employee fundraising activities and ongoing volunteering opportunities.
 

Rich Bayer, UK Country Manager at Clearpay, said: “Smart Works is Clearpay’s first charity partner in the UK and we are proud to work with an organisation that provides important emotional and practical support to women - giving them confidence, self-belief and the tools to succeed, so they can lift themselves out of unemployment. These important efforts exactly align with Clearpay’s mission to create financial freedom for all.”

Kate Stephens, Smart Works CEO, said: “Smart Works is a community dedicated to supporting and empowering unemployed women through the transformational power of coaching and clothing. We have ambitious plans to grow our service and double the number of women we help, reaching 10,000 per year by 2025. We are delighted to announce our partnership with Clearpay, whose generous support will be instrumental in helping us realise this goal. With a shared belief that fashion can be used as a force for good, we welcome Clearpay to our community and look forward to shaping an innovative partnership together.”

 

Smart Works uses the power of high-quality clothing and one-on-one coaching to help women see their true potential and be the best version of themselves at a crucial moment. Many of the women who come to the charity have experienced homelessness, domestic abuse, been out of work caring for a loved one or been unemployed for extended periods of time. The charity also assists refugees, and in recent months Smart Works has helped an increasing number of Ukrainian women.

Like Clearpay, Smart Works' roots are in fashion. The charity believes in using fashion as a force for good, and partners with a number of British retailers including Burberry, M&S, Nicholas Kirkwood, Mother of Pearl, Hobbs, ME+EM and Whistles. These are just some of the brands that provide high-quality clothing for Smart Works to repurpose for those in need, also offering brands a sustainable outlet for excess stock.

The Smart Works service works in the following way:

  • Smart Works receives referrals from organisations (including job centres, prison services, youth charities, domestic violence charities, refugee charities, homelessness charities).

  • Once a client has been referred, they are invited to a one-hour dressing consultation to help find a high-quality interview outfit to fill them with confidence. 

  • This is followed by a one-to-one coaching session to give valuable interview preparation and unlock her potential. 

  • 72% of clients go on to get the job within one month of their Smart Works appointment. 

  • Once the client has got the job she is invited to a second dressing, where she will get an additional five pieces, for free, to create a capsule work wardrobe. 

Five facts about Clearpay: 

  • The service is completely free for customers who pay on time. 

  • If a customer misses a payment, their account is paused so that they cannot accrue more debt or fall into revolving debt. 

  • Capped late fees apply for late payment instalments. 

  • Globally, 90% of Clearpay transactions are made with a debit card. 

  • Over the 12 months ended March 2022, 95% of instalments were paid on time and 98% of purchases incurred no late fees.

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  • 02:00 am

Drip Capital, Inc., a leading digital trade finance platform, is thrilled to announce it has been listed as one of the ‘Top 100 Companies at Red Herring's Annual Global Event’ this year.

Founded in 2016, Drip Capital aims to solve the $3 trillion global trade finance gap. The company leverages technology to finance transactions, allowing SMBs to free up working capital and invest in growth. The company has funded over $3.5 billion worth of trade transactions spanning 100+ countries.

Drip Capital was selected from hundreds of leading private companies recognized for their innovations and technologies across diverse industries spanning North America, Europe, and Asia.

Red Herring’s Top 100 Global list has become a mark of distinction for identifying promising companies and outstanding entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change how we live and work.

Pushkar Mukewar, CEO and Founder of Drip Capital, commented, “Thousands of the most interesting and innovative companies have graced Red Herring’s Top 100 list over the years. It is an honour to be a part of such a prestigious alumni group. The award is a validation of our mission and the progress we've made in helping grow SMB trade.”

Red Herring’s editorial staff evaluated the companies on quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track records and standing of startups relative to their peers, allowing Red Herring to see past the “hype” and make the list a valuable instrument of discovery and advocacy for the most promising new business models from around the world.

“Choosing the companies with the strongest potential was by no means a small feat this year,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across the globe to the Top 100 Winners. We believe Drip Capital embodies the vision, drive, and innovation that define a successful entrepreneurial venture. Drip Capital should be proud of its accomplishment as the competition was very strong.”

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  • 05:00 am

Paymob, the leading omnichannel payments facilitator in MENAP, today embarked on the next phase of its regional expansion in the U.A.E. market. This step marks an important milestone in Paymob’s global growth plans, fueled by recent Series B funding led by PayPal Ventures. Paymob plans to make a sizeable investment in the U.A.E. market over the next three years. 

The expansion into the U.A.E. market will serve to empower small and medium enterprises (SMEs) and microbusinesses across the seven Emirates, with best-in-class digital payments solutions that drive growth in the digital economy. 

“The U.A.E. is a dynamic ecosystem that fosters entrepreneurship and innovation, largely enabled by tremendous support from the public sector. There are currently over 400,000 businesses in the U.A.E., 61% of which are microbusinesses and 38% are SMEs. We see a massive opportunity to serve this market segment and our goal over the next three years is to empower 15% of those merchants with the latest payment technologies to fuel their growth and further digitize the economy,” said Islam Shawky, CEO and Co-founder of Paymob.

Paymob has appointed seasoned Emirati financial services professional, Omar Haddad as its General Manager for the G.C.C. based in the U.A.E., who will grow and lead a team of over 150 employees in the market. The Company plans to play an active role in mentoring the next generation of Emirati financial technology leaders by supporting Emiratization initiatives across the nation.

As a market leader in the digital payments space in MENAP, Paymob serves over 16.5 million registered users on its infrastructure railways for mobile wallets. The Company offers the most comprehensive payments infrastructure in MENAP which includes over 40 online and in-store payment methods via its gateway, point of sale (POS), and Paymob app. The Company holds 87% market share of mobile wallets processed volumes in Egypt. In 2021, Paymob partnered Mastercard to offer Egypt’s first “Tap-on-Phone" contactless payments acceptance solution which enables merchants of all sizes, including SMEs and microbusinesses, to accept payments on their mobile devices. The company plans to roll out this offering in the U.A.E. in 2023.

Paymob aims to make the process of growing any size business in the digital economy simple, seamless and agile, while delivering a frictionless customer experience and cutting-edge products to over 150,000 merchants.

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  • 07:00 am

London-based global fintech Unlimint has, today, announced the launch of GateFi, marking their expansion into the crypto space. The solution allows users across the globe to seamlessly exchange fiat money to crypto and crypto to fiat money, while also acting as a Web3 onboarding solution, that opens the gates to Web 3 and DeFi for mainstream users everywhere. Unlimint is an award-winning global all-in-one fintech offering advanced payment capabilities through an evolving financial interface to startups and businesses across the globe. They have over 400 employees across 16 offices and five continents, including Frankfurt, Singapore, São Paulo, Hong Kong, and Mexico. GateFi will be officially launched during Web Summit in Lisbon from 1 to 4 November 2022.

The new crypto solution allows clients to pay from anywhere, any way they want, through any channel - enabling total payment freedom. In addition to this, GateFi provides decentralised app (dapp) developers the ability to connect traditional payment networks to public blockchain networks, offering a direct access point between the world of Web 2.0 and the world of Web 3.0. They can embed a widget to their website enabling users to on-ramp and off-ramp (exchange their fiat money for cryptocurrencies and crypto assets (like NFTs), and vice-versa). Dapp developers worldwide can benefit from Unlimint’s GateFi across several verticals, such as financial apps, social apps, NFTs, and gaming, and truly reach a global audience thanks to their vast portfolio of more than 1000+ directly integrated alternative payment methods - coverage that isn’t offered by any other solution on the market to date.

The company's cryptocurrencies strategy and the launch of the new solution is being led by crypto veteran Jack Jia, who recently joined Unlimint as Head of GateFi. Jia first started working in the industry in 2013 and he is the driving force behind GateFi, from product development to market, aiming to create a powerful and meaningful solution that will prepare Unlimint’s clients for the future.

The move comes as more businesses prepare to accept cryptocurrencies as payment. The “Merchants getting ready for crypto” survey by Deloitte shows that 75 per cent of retailers plan to accept either cryptocurrency or stablecoin by 2024. While the crypto market has taken a hit over the last while,  56 per cent of consumers asked in the BitPay and PYMNTS “Paying with Cryptocurrency” survey said they are at least somewhat interested in buying cryptocurrency within the next year, while 42 per cent of millennials said they would be extremely likely to buy crypto in the next 12 months

With 13 years of experience as a traditional payment company, Unlimint holds local acquiring licenses in regions across the world, and provides access to thousands of Alternative Payment Methods (APMs), making them operational and regulated globally. This allows the company to provide better, regulated solutions at better pricing to clients worldwide.

Commenting on the launch, Jack Jia, Head of GateFi at Unlimint, said:

“We are delighted to announce GateFi at Web Summit. Payment infrastructure has always been a core component of the money lego set for dapp developers to onboard real-world users to the world of Web3. At Unlimint, we see this new solution as the future. We will build with the builders, and unlock key innovations to reign in a new era of crypto adoption for Defi, NFT, and Gamefi. GateFi is set to break down the walls currently in place, allowing users complete payment freedom. By combining our experience as a traditional payment company, with longstanding trusted networks, to forward-thinking ideas and current trends around crypto, we are positive GateFi will deliver a unique experience within the decentralised and blockchain world, preparing our clients for tomorrow.”

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  • 02:00 am

MoneyGram users in the US can now buy, sell and hold cryptocurrency via the money transfer firm's mobile app.

Available to customers in nearly all US states for Bitcoin, Ethereum and Litecoin, MoneyGram plans to expand the service to more markets and more coins.

The feature is the fruit of MoneyGram's partnership with Coinme, a US crypto outfit in which MoneyGram invested early this year. The partners already work together to let people buy and sell bitcoin at some MoneyGram locations.

MoneyGram has been aggressively pursuing crypto opportunities to ensure it does not get left behind in the blockchain era. The firm teamed up with Ripple back in 2019, tapping the blockchain startup's XRP digital currency for cross-border payment and foreign exchange settlement.

That partnership ended over a regulatory dust-up with the Securities and Exchange Commission but MoneyGram has since joined forces with rival blockchain network Stellar to support instant money transfers using the USDC stablecoin.

Alex Holmes, CEO, MoneyGram, says: "Cryptocurrencies are additive to everything we're doing at MoneyGram. From dollars to euros to yen and so on, MoneyGram enables instant access to over 120 currencies around the globe, and we see crypto and digital currencies as another input and output option."

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  • 07:00 am

PayTabs — Middle East, Africa, and South Asia’s (MEASA’s) award-winning payments powerhouse — in a historic move announced that it plans to acquire a 100% stake in Digital Pay, Saudi Arabia.

Under the terms of the acquisition, Digital Pay will serve as PayTabs’ flagship point of sale (POS) terminal product, enabling and augmenting millions of e-commerce and retail businesses as well as physical stores, hypermarkets, and departmental stores to benefit.

The merger allows PayTabs to complete its foray into both online and offline payment capabilities and elevate its market presence and commitment to the Kingdom’s Vision 2030. The aim is to grow the bottom line, revenue, transaction volumes, ticket sizes and the number of transactions for both firms.

The MoU, which aims to boost synergized super payments, comes just as digital disruption has hit a peak in the Kingdom with Saudi Payments being both the foundation and driving force. On a mission to enable the payments ecosystem through secure, reliable, interoperable, and accessible solutions, Saudi Payments has long accelerated growth in the Kingdom via its’ flagship payment infrastructure brands SADAD, Sarie, Esal and mada.

Mr. Tamim Alqusair, Senior Vice President, Business in Saudi Payments, said: “Saudi Payments aims to enable entities operating in the fintech space once players pass all needed testing and certification requirements successfully. Our objective in doing so is to maintain competitiveness between payments players through all different domains of e-invoicing, and e-commerce, point of sales and others. The past short period witnessed the successful enrolment of more than 30 players in the domains of e-commerce and POS to provide the needed support for these pivotal sectors to help them grow, and foster the Kingdom’s leading position as a payment hub for the region.”

Having conquered the MENA payment space with an online payment gateway acceptance, and expanded its portfolio to include Soft POS tap-to-pay solutions and more recently full-stack payment orchestration and social commerce, PayTabs will now cater to more retailers and traditional businesses that wish to offer payment acceptance via POS terminals.

By providing merchants with more methods to accept payments, both firms are empowering merchants with digital payment methods, which powers and pushes forward the aim of the Saudi Vision 2030

This move will solidify PayTabs mission to provide a holistic best-in-class payments ecosystem platform for the region. This includes supercharged, seamless payment experiences for businesses in all key segments in the region from travel and trade to hospitality and healthcare.

Digital Pay, which pioneered the POS business in an efficient and speedy way in the Saudi market, will continue to expand its footprint by offering POS to online merchants as well in multiple PayTabs markets. Any business will now be able to benefit from either digital payment acceptance solutions in the online space or the brick-and-mortar offline payments space.

Abdulwahab F. Alahmari, Chairman of Digital Pay, said: “As an innovative Fintech company driving digital payments in the Kingdom of Saudi Arabia, the proposed merger with PayTabs will enable us to expand our customer and merchant reach across the region. We see limitless opportunity, growth, and potential in this upcoming alliance.”

Commenting on the MoU, Abdulaziz Al Jouf, PayTabs founder and CEO, said: “Our aim is to be the foremost infinite payment platform equation that accelerates the Kingdom’s economy towards Vision 2030. Every merchant wants you to solve his problem - and every payment solution, PayTabs orchestrates, is essentially born out of a problem in the market. We’re offering merchants of all sizes and scale a single platform and dashboard for all their next-generation payment processing requirements - be it virtual, physical, or digital. Online and in-person retailers, subscription businesses, software platforms and marketplaces, and everything in between will emerge winners from this powerful dynamic.” The greater impact of the deal is that omnichannel payments will now be a reality.

The proposed consolidation with Digital Pay is another key milestone in PayTabs efforts to offer e-commerce merchants and businesses an unparalleled best-in-class payments super platform, regionwide. The valuation of the merger deal remains undisclosed.
According to Statistica, the total transaction value in the Digital Payments segment is projected to reach $42.25 billion in 2022. The total transaction value is expected to show an annual growth rate of 13.16%, or a projected total amount of $78.40 billion by 2027.

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  • 01:00 am

Nuvei Corporation, the Canadian fintech company, announces the appointment of Vicky Bindra as Chief Product and Operations Officer, effective November 14, 2022.

In this newly created role reporting to Nuvei Chair and CEO Phil Fayer, Bindra will oversee product development and operations, supporting growth across geographies and verticals. His focus will be on delivering custom-made solutions and supporting processes designed to accelerate revenue for Nuvei’s customers. He will be based in San Francisco.

Bindra joins Nuvei from his position of Chief Product Officer at FIS where he was responsible for the strategic product function across the company, identifying and creating products and propositions for merchants, banks, fintechs, insurance and investment companies.

Prior to FIS, he had a successful career in payment and fintech, including being CEO of Pine Labs, the Sequoia-backed Indian Fintech Unicorn. He also managed Mastercard’s business across APAC and MEA as its president prior to leading product and solutions globally at Visa.

Bindra started his career in finance and strategy consulting with various senior leadership roles including CEO of GE Capital India, EVP at Citi and as a partner at Bain & Company.

He took numerous non-executive director and advisor positions at, among others, Inchcape, Blackhawk Network, CloudPay and Billtrust. He is a chartered accountant and has an MBA from MIT’s Sloan School of Management.

“I am delighted to see Vicky getting on board. Our growth comes from our beautiful products and technology, and Vicky, with his expertise and deep understanding of our end market will help shape our future,” said Fayer. “He will also bring with him his warmth and positivity that will radiate through the organization,” Fayer added.

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  • 05:00 am

Today Square, the technology company helping businesses of all sizes more easily run and grow their business with its integrated ecosystem of commerce solutions, announces the launch of Square Appointments. The product is now available to all sellers in the Republic of Ireland and provides a combined solution that integrates booking software with an all-in-one point of sale built for the Beauty and Personal Care sector. 

Square Appointments provides sellers with streamlined scheduling and business tools including online scheduling, automatic reminders, and payment processing to manage their entire operations in one place. With Square Appointments, sellers can add a Booking button to their existing webpage or if they don’t have a website, Square will help them build one for free. 

Square Appointments puts time back in sellers’ hands. Whether it’s running their business by selling online, syncing inventory, and looking at real-time sales reports or putting people first with team management tools and client profiles, Square Appointments is a truly flexible point of sale that simplifies scheduling. Sellers can choose the Free, Plus (€19 m/o), or Premium plan (€49 m/o) to run their business smoothly from opening to close.

“Ireland represents a significant opportunity for Square Appointments'', said Jason Lalor, Executive Director for Square Europe. “The Irish beauty and personal care industry has close to 10,000 businesses producing high revenue, demonstrating the demand for Square Appointments in the market. From speaking directly to our sellers, we know that they are spending so much time on the phone booking and rebooking clients, meaning they are likely to be missing out on new customers who prefer online booking. In our other markets, we’ve found that 36% of bookings in this industry are made at a time when salons are closed, Square Appointments takes away that barrier with a service that is available around the clock and we are proud to make this available to business owners across Ireland.” 

Key product features include: 

·       Get paid fast with integrated payments: Sellers can take secure payment at checkout directly from the app, can set up prepayment for when customers book, keep a card on file and send detailed professional invoices. You pay a transaction fee when you make a sale.  

·       Grow the business on Instagram and Google: Customers can instantly book an appointment without ever leaving the Instagram app or, with a few clicks, find the seller's business and book an appointment right from Google - at no additional cost. 

·       Run the business from anywhere: The Appointments app is available on both iOS and Android, so sellers can stay on top of their calendars, appointments, staff, clients, and accept payments, wherever their business takes them. 

·       Allow clients to save cards for a hassle-free checkout: Clients can add and manage cards through their Customer Account, making it easier for them to book and for sellers to get paid. 

·       Sync with a personal calendar: Link a personal Google Calendar with Square Appointments, so sellers always have an accurate view of their time.  

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