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Key insights from the Innovate Finance Global Summit (IFGS) 2024

Voice of the Industry | Mobile Payments | 24 Apr 2024

IFGS 2024 brought together industry leaders spanning innovators, fintech executives, institutions, regulators, policymakers, startups, and investors for two days of thought-provoking discussions in one venue.


fintech, financial inclusion, Open Banking, Open Finance, payments , regulation, financial data

CoinMENA partners with Zodia Markets

News | Cryptocurrencies | 23 Apr 2024

CoinMENA, a crypto asset platform licensed by the Central Bank of Bahrain has partnered with UK-based Zodia Markets.

partnership, digital assets, cryptocurrency, stablecoin

Fintech Galaxy partners with FinbotsAI

News | Online & Mobile Banking | 23 Apr 2024

Fintech Galaxy has announced its partnership with Singapore-based FinbotsAI in order to launch Open Banking credit scoring capabilities for its customers. 

partnership, product launch, banking, Open Banking, Open Finance, online banking, mobile banking, digital banking, financial services, financial institutions

BaFin fines Commerzbank over AML regulation breach

News | Digital Identity, Security & Online Fraud | 23 Apr 2024

The German Federal Financial Supervisory Authority (BaFin) has demanded bank Commerzbank pay a fine of EUR 1.45 million over AML regulation breaches. 

AML, money laundering, compliance, financial data, financial services

British Caribbean Bank joins forces with Finastra

News | Payments General | 23 Apr 2024

British Caribbean Bank Limited (BCB) has selected Finastra Essence, deployed on Microsoft Azure cloud, to modernise its core and transform its back-office operations.

cloud services, cloud, API, banking, financial services, partnership

Midas raises USD 45 million in Series A funding

News | Cryptocurrencies | 23 Apr 2024

Turkey-based retail investing startup Midas has raised USD 45 million in a Series A funding round led by Portage.

funding, investment, cryptocurrency, expansion, fintech

Payflows raises EUR 25 million in Series A funding round

News | Online & Mobile Banking | 23 Apr 2024

France-based SaaS platform for finance teams, Payflows has announced the rise of EUR 25 million in a Series A funding round, aimed at its expansion strategy. 

funding, investment, banking, online banking, digital banking, mobile banking, financial services, financial institutions

Airwallex partners with Bird

News | Payments General | 22 Apr 2024

Airwallex has partnered with Bird, a global communication platform, to power Bird’s international payments operations. 

partnership, Global Payments, financial services, spend management, embedded finance

Marqeta partners with Rain

News | Online & Mobile Banking | 19 Apr 2024

US-based Marqeta has announced its partnership with Rain in order to deliver earned wage access to customers through the use of Embedded Finance. 

partnership, banking, online banking, mobile banking, digital banking, financial services, financial institutions, embedded finance

Wells Fargo partners with TradeSun for trade finance digitalisation

News | Online & Mobile Banking | 19 Apr 2024

TradeSun and Wells Fargo have announced a collaboration aimed at enhancing trade finance and compliance processes within the banking industry.

partnership, trade finance, compliance, digitalisation, artificial intelligence

Ramp secures USD 150 million in Series D-2 round

News | Online & Mobile Banking | 19 Apr 2024

US-based spend management company Ramp has announced that it secured USD 150 million in a Series D-2 funding round in a bid to expand operations.

funding, spend management, investment, risk management, payments

Ferry and BJ's Restaurants launch payroll card powered by Highnote

News | Payments General | 18 Apr 2024

Ferry has launched a payroll card and instant tip payment solution for BJ's Restaurants, a new card program leveragingHighnote as its issuer processor. 

payout, partnership, payments , POS, embedded finance

Laybuy initiates sale process in turbulent market conditions

News | Payments General | 18 Apr 2024

Buy Now, Pay Later (BNPL) company Laybuy has initiated a process to seek potential buyers in the context of turbulent market conditions.

BNPL, payments , mobile payments, online payments, fintech

URBN joins forces with Stripe

News | Payments General | 18 Apr 2024

Financial infrastructure platform for businesses Stripe has announced its collaboration with URBN in a bid to enable online and in-person retail payments for the latter’s brands. 

online payments, mobile payments, payment methods, retail, checkout optimisation

Rapid Finance joins forces with SoFi's Galileo

News | Payments General | 17 Apr 2024

Rapid Finance has partnered with Galileo Financial Technologies to announce the launch of the Rapid Access Mastercard. 

financial services, financial inclusion, partnership, payments , SMEs, MasterCard

UK Finance proceeds with RLN experimentation phase

News | Online & Mobile Banking | 16 Apr 2024

Financial services provider UK Finance has announced its plans to work on an additional UK Regulated Liability Network (RLN) experimentation phase with eleven of its members. 

digital payments, online banking, digital banking, fraud management, fraud prevention, tokenization

Paystand increases ERP efficiency with Dynamics 365 integration

News | Payments General | 16 Apr 2024

US-based Paystand has augmented ERP efficiency with seamless integration into Dynamics 365, offering fee-less B2B payments and automation for finance departments.

ERP, reconciliation, B2B payments, digitalisation, fintech

Fils partners Aion to advance ESG across the Middle East

News | Online & Mobile Banking | 16 Apr 2024

UAE-based digital infrastructure fintech Fils has partnered with digital banking solutions company Aion to drive ESG initiatives in the MENA region.

API, ESG, fintech, payments infrastructure, digital banking

Satago partners with mmob

News | Online & Mobile Banking | 15 Apr 2024

UK-based fintech Satago has entered a collaboration with mmob, an API adaptor, aiming to enable lenders and corporates to embed its solutions via the latter’s capabilities. 

embedded finance, digital banking, fintech, embedded payments, SMEs, SME lending

Finzly certified for compliance with ISO 20022

News | Online & Mobile Banking | 15 Apr 2024

US-based modern money movement systems provider Finzly has been certified for compliance with ISO 20022 messaging standards for Fedwire

ISO 20022, banking, online banking, digital banking, mobile banking, financial services, financial institutions