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AIO, Finastra secure USD 1 mln grant from BIRD Foundation

News | Digital Identity, Security & Online Fraud | 12 Feb 2021

Israel-based fintech AIO and Finastra have received a USD USD 1 million grant from the Board of Governors of the Israel - US Binational Industrial Research and Development (BIRD) Foundation.

AIO, Finastra, investment, BIRD Foundation, US, Israel, digital onboarding, KYC, KYB, digital identity

Melio lands USD 110 mln investment on a USD 1.3 bln valuation

News | E-invoicing, SCF & E-procurement | 26 Jan 2021

B2B payments services provider Melio has closed a USD 110 million funding round which brings the company’s valuation at USD 1.3 billion, according to TechCrunch.

Melio, investment, B2B payments, SMB, invoice, credit, debit, card, bank transfer, Israel, US, accounts payable

Visa, Simplex to issue crypto debit cards

News | Cryptocurrencies | 04 Jan 2021

Israel-based fiat-to-crypto service provider Simplex has partnered with Visa to allow its client firms to issue crypto debit cards.

Visa, Simplex, partnership, Israel, product launch, cryptocurrency, crypto cards, fiat-to-crypto, B2B, digital currency

State Bank of India offers trade finance solutions to Israeli corporates

News | E-invoicing, SCF & E-procurement | 24 Dec 2020

State Bank of India has announced it will be offering trade finance solutions and services to Israeli corporate businesses following the recent Abraham accords.

State Bank of India, SBI, Abraham accords, Israel, banking solutions, trade finance

Standard Chartered partners with Secret Double Octopus

News | Digital Identity, Security & Online Fraud | 15 Oct 2020

Standard Chartered’s venture capital arm SC Ventures has made a strategic investment in Secret Double Octopus, an Israel-based startup providing passwordless authentication technology.

Standard Chartered, Secret Double Octopus, SC Ventures, strategic investment, Israel, startup, passwordless, authentication, Sony Financial Ventures, telecoms, KDDI, banks, financial institutions, cyber security, online threats

Liquidity Capital, MUFG secure USD 80 mln initiative for Asia-based startups

News | Payments General | 11 Aug 2020

Israel-based AI technology firm Liquidity Capital has partnered with Japan-based MUFG Bank to determine the feasibility of issuing loans to Asian startups.

Liquidity Capital, MUFG Bank, initiative, Asia, startups, Singapore, Israel, Japan, Mars Growth Capital, Mars Growth, AI technology, bank accounts, accounting information, financing , ecommerce, Mitsubishi UFJ Financial Group, Meitav Dash Investments

Etsy expands its payments services to seven new markets

News | Ecommerce | 06 Aug 2020

US-based ecommerce website Etsy has launched its payments platform in Israel, Malaysia, Mexico, Morocco, South Africa, Turkey, and the Philippines.

Etsy, ecommerce, launch, payments platform, Israel, Malaysia, Mexico, Morocco, South Africa, Turkey, Philippines, Etsy Payments, multiple payment options, payment methods, Apple Pay, Google Pay, PayPal, Etsy Gift Cards, credit card, Etsy Seller Protection Policy

Visa in credit card payment app agreement with Max in Israel

News | Cards | 05 Aug 2020

Visa has announced its card holders now have a smartphone payment solution, with the inauguration of its Max app Contactless in Israel.

Visa, Max, Israel, partnership, cards, merchants, ecommerce, Android, digital transactions, mobile payments, card payments

Blockchain startup Kirobo's to allow crypto users retrieve funds sent in error

News | Cryptocurrencies | 01 Jul 2020

Kirobo, an Israel-based blockchain startup, has announced that its technology can prevent the loss of cryptocurrency caused by human error when sending transactions between wallets.

Kirobo, blockchain, cryptocurrency, crypto funds, wallets, Israel, transactions

PagoFX launches offerings for sole traders in UK

News | Payments General | 18 Jun 2020

Santander’s cross-border remittance service, PagoFX, has opened its international payment service for business purposes in the UK.

Standarder, PagoFX, UK, cross-border, remittance, payments , mobile app, Middle East, Central Europe, Eastern Europe, Israel, Turkey, Romania, Croatia, SMBs

Fundbox receives new funding from MUFG

News | Payments General | 28 May 2020

Japan-based bank holding company Mitsubishi UFJ Group (MUFG) has invested USD 20 million in Israel-based B2B payment and credit network Fundbox.

MUFG, Israel, B2B, payments , Fundbox, Japan, banks, Mitsubishi UFJ Group, credit, network, MUFG Innovation Partners

Mastercard, Enel X secure USD 3.7 mln funding for fintech-cybersecurity lab in Israel

News | Online & Mobile Banking | 04 May 2020

US-based companies Mastercard and Enel X have obtained USD 3.7 million funding from Israel to establish a research facility in Beersheva, Israel.

MasterCard, Enel X, fintech, cybersecurity, startup, proof of concept, Israel

Bank Hapoalim pleads guilty for helping its clients hide USD 7.6 billion

News | Payments General | 04 May 2020

Israel-based Bank Hapoalim has pleaded guilty in Manhattan's federal court on April 30 for helping its US clients hide USD 7.6 billion from the Internal Revenue Service (IRS)

Israel, bank, IRS, Bank HaPoalim, US, fraud, Swiss Bank Program, Switzerland

Tata Consultancy Services to launch a digital only bank in Israel

News | Online & Mobile Banking | 27 Apr 2020

India-based Tata Consultancy Services (TCS), an IT service and consulting company, has announced that it will launch an all-digital bank in Israel.

digital banking, Israel, neobank, Tata Consultancy Services, banking licence, IT, banking service, BaNCS, credit, loans

Mastercard, vCita team up for ʼbusiness unusualʻ fintech solution

News | Payments General | 21 Apr 2020

Israel-based management solution for SMEs vCita has partnered with Mastercard in Europe  to boost digital transformation for small businesses.

vCita, MasterCard, management solution, SMEs, client management platform, CRM, Israel, Small business owner, email marketing

UniCredit Bank Austria integrates PayKey's fintech solution

News | Online & Mobile Banking | 25 Feb 2020

Bank Austria, a subsidiary of Unicredit, has announced the integration of the social banking solution of Israel-based fintech PayKey on its platform.

Bank Austria, PayKey, fintech, online banking, mobile banking, instant payments, financial technology, Austria, Israel, Europe

Canadian PSP Nuvei announces strategic partnership with the MAX Group

News | Payments General | 21 Feb 2020

Canada-based PSP Nuvei has entered into a strategic collaboration agreement with Israel-based financial institution Max Group.

Nuvei , Canada, proprietary native platform, Payment Service Provider, Israel, partnership, B2B payments, PSP, alternative payment method

Stanchion, Futurex, Credics team up to secure payments environments in Israel

News | Digital Identity, Security & Online Fraud | 17 Feb 2020

Stanchion, Futurex and Credics have invested in the development of a fully compatible and compliant hardware security module (HSM) solution to support financial institutions in Israel managing data encryption for their operations, including those that are migrating from the ARX HSMs to modern platforms.

Stanchion, Futurex, Credics, Israel, payments security, hardware security module, financial data, encryption, payment security platform

Cross-border banking service Rewire develops into a neobank for migrants

News | Online & Mobile Banking | 13 Feb 2020

Israel-based cross-border banking service provider for migrants Rewire has announced the development of it as a neobank for migrants in Europe.

Rewire, cross-border payments, cross-border banking service, online banking, neobank, digital banking, Tel Aviv, Israel, Europe, Netherlands, migrants, digital bank account

The Bank of Israel publishes guidelines for implementation of the Open Banking standard in Israel

News | Payments General | 11 Dec 2019

The Bank of Israel has published a draft for public comments of a Proper Conduct of Banking Business directive on "Implementation of Open Banking".

The Bank of Israel, Open Banking, Israel, consent, payments , banks, credit card companies