Articles with tag: financial technology

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Robinhood raises USD 660 mln in latest funding round

24 Sep 2020 | Payments General

Robinhood, the financial technology startup popularising trading among millennials, has increased its latest funding round from investors to USD 660 million.

Robinhood, funding, startup, financial technology, millennials, fintech

Mobey Forum forms Payment Expert Group to boost future digital financial services

23 Sep 2020 | Payments General

Finland-based banking and fintech association Mobey Forum has launched the Payments Expert Group that will analyse the strategic options for banks in the payments landscape. 

Mobey Forum, Payments Expert Group, digital bank, online banking, banking and fintech, financial technology, Finland, Europe, business strategy, consultancy

Yandex agrees on USD 5.5 billion deal for Russian challenger Tinkoff Bank

23 Sep 2020 | Online & Mobile Banking

Russia-based fintech Yandex has agreed on a USD 5.5 bln deal to acquire online bank Tinkoff.

Yandex, Tinkoff, challenger bank, banking, online bank, digital bank, fintech, financial technology, mergers and acquisitions, acquisition, Russian Federation, Russia

Paymentology, Thought Machine to create model digital bank platform

18 Sep 2020 | Online & Mobile Banking

UK-based cloud-native payment processor Paymentology has announced it is partnering with digital banking platform Thought Machine.

Paymentology, Thought Machine, MOX Bank, partnership, digital banking, online banking platform, fintech, Vault, financial technology, UK, United Kingdom, Europe

US fintech Finzly announces updates to Payment Galaxy payments hub

15 Sep 2020 | Online & Mobile Banking

US-based provider of banking applications for FX and trade finance Finzly has released its latest developments for payment hub Payment Galaxy.

Payment Galaxy, Finzly, partnership, fintech, financial technology, online banking, mobile banking, real-time payments, Fedwire, ACH, open APIs, payment processing for-benefit-of, interoperable payment hub, US, United States

Global fintech platform Nium receives EMI licence in UK

01 Sep 2020 | Payments General

Nium, a global financial technology platform, has received the Electronic Money Institution (EMI) licence from the Financial Conduct Authority (FCA) in the United Kingdom to issue e-money and provide cross-border digital payment services in the UK.

Nium, fintech, financial technology platform, Electronic Money Institution, EMI licence, FCA, UK, e-money, cross-border digital payment services

Amex acquires fintech Kabbage

18 Aug 2020 | Payments General

American Express has announced a deal to buy Kabbage, a US-based fintech startup that helps with providing funds for small businesses, according to Forbes.

Amex, Kabbage, American Express, US, United States, fintech, startup, small businesses, funding, acquisition, financial technology, data platform, IP, cash flow management, working capital, loans, Paycheck Protection Program

PPRO announces 85% in transaction volume

05 Aug 2020 | Online Payments

PPRO, a payments platform-as-a-service, has reported an 85% increase in transaction volume from 2019, highlighting the opportunities for cross-border ecommerce amidst the pandemic.

PPRO, pandemic, COVID-19, coronavirus, Sprints, Citi, payments, platform-as-a-service, transaction, cross-border ecommerce, ecommerce, HPE Growth, Financial Technology Partners, Noerr, Germany, Singapore, Brazil

ComplyAdvantage gets USD 50 mln to detect and stop financial crime with AI

29 Jul 2020 | Digital Identity, Security & Online Fraud

A UK-based startup focusing on developing AI for financial services, ComplyAdvantage has received USD 50 million to expand its reach and operations.

AI, financial crime, funding, financial technology, ComplyAdvantage, regtech, UK

Bond gets 32 mln to connect digital brands to banking partners

20 Jul 2020 | Payments General

Bond Financial Technologies, a company building an enterprise-grade financial technology platform, has raised USD 32 mln to connect digital brands to banking partners.

APIs, SDKs, fintechs, banks, Bond Financial Technologies, funding, financial technology platform, bank brand

Wildberries collaborates with Wirecard to expand in the European market

17 Jun 2020 | Online Payments

Innovation company for digital financial technology Wirecard has revealed a cooperation with a international online retailer, Wildberries

Wildberries, expansion, Europe, Wirecard, digital financial technology, acquirer, payment service provider, PSP, retail, pick-up points, Poland, Slovakia, e-wallets, cards, payments, safety, personal data

Wirecard, Payhawk team up to launch a Visa corporate card

16 Jun 2020 | Cards

Wirecard has revealed it is collaborating with Bulgaria-based fintech Payhawk to launch a new Visa corporate card to provide companies with a solution to manage corporate expenses. 

Wirecard, Payhawk, launch, Visa, cards, expenses, accounting, digital financial technology, Bulgaria, fintech, collaboration, management, startup, card infrastructure, e-money, fraud, risk management, issuing processing, card management

iDenfy, Sonect partner for digital onboarding solutions

12 Jun 2020 | Digital Identity, Security & Online Fraud

Online identity verification solution that helps businesses mitigate fraud iDenfy has revealed a partnership with Sonect

iDenfy, digital onboarding, Sonect, identity verification, fraud mitigation, partnership, Switzerland, financial technology, ATM, banks, POS, cash, merchants, identity documents, passports, ID card, residence permits

Wirecard, Stocard team up for mobile payment features and contactless payment adoption

11 Jun 2020 | Mobile Payments

Wirecard has revealed it is collaborating with Stocard, a mobile wallet and a B2C European fintech, to launch a new mobile payment feature in the Stocard app. 

Wirecard, Stocard, collaboration, launch, mobile payments, contactless payments, digital financial technology, UK, mobile wallet, B2C, cards, partnership, payment methods, bank cards, Europe

Namogoo acquires incentive paltform Personali to expand ecommerce offering

05 May 2020 | Ecommerce

US-based fintech Namogoo will integrate incentive platform Personali’s AI-powered personalized incentives technology through a strategic acquisition.

Namogoo, Personali, incentive programme, ecommerce, US, acquisition, fintech, financial technology,

The People's Bank of China expands fintech regulations to six new cities

29 Apr 2020 | E-invoicing, SCF & E-procurement

The People’s Bank of China (PBoC) has announced that it is expanding its financial technology regulations to six new cities. 

China, banks, fintech, People’s Bank of China, financial technology, finance, innovation, information

Sumitomo Mitsui selects SBI to assist with its digital offerings

27 Apr 2020 | E-invoicing, SCF & E-procurement

Japan-based Sumitomo Mitsui Financial Group (SMFG) has selected SBI, an online broker, to support the development of its financial technology strategy.

Japan, SMFG, SBI, partnership, digital banking, financial technology, cards, bank

New Corporate Payment Solutions team at Wex announced

14 Apr 2020 | Payments General

WEX, a financial technology service provider, has announced an organisational restructure with the formation of a new Corporate Payment Solutions team.

WEX, financial technology, software, cloud, payments, US, Corporate Payment Solutions

Canadian payments processor Ackroo acquires BNA Smart Payments

07 Apr 2020 | Online Payments

Canada-based payments provider Ackroo has entered into an agreement with BNA Smart Payment Systems, under which the former has acquired certain assets of BNA Smart Payments.

BNA, BNA Smart Payments, Ackroo, payment service provider, mergers and acquisition, card, fintech, financial technology, payment processing

UK fintech Wollit fast-tracks income-levelling service for freelancers

31 Mar 2020 | Online Payments

UK-based fintech Wollit has launched a payments service to top-up the monthly pay packets of freelancers and gig workers.

Wollit, online payments, gig economy, freelancer payments, payments top-up, ewallet, BBVA, United Kingdom, startup, fintech startup, financial technology