fintech
UniCredit Snaps Up 4.5% Stake in Commerzbank from German Government
- The company seeks approval to raise its Commerzbank stake to 29.9%, avoiding a full takeover bid.
- The sale sparked controversy in Germany, with officials reportedly surprised by UniCredit's interest.
Thursday, 19/09/2024 | 08:28 GMT by
Tareq Sikder
eToro USA Settles with SEC for $1.5M and Restricts Crypto Trading: Eyes US IPO
- As part of the settlement, eToro will limit crypto trading in the US to Bitcoin, Bitcoin Cash, and Ether.
- US customers will have 180 days to sell other crypto assets before they are removed from the platform.
Thursday, 12/09/2024 | 14:18 GMT by
Tareq Sikder
Ebury Kicks Off Partnership with AS Monaco for Upcoming Ligue 1 Season
- As part of the partnership, the firm’s branding will be displayed on the club’s training kit.
- The firm provides payment services, lending, FX risk management, and Mass Payments solutions.
Wednesday, 11/09/2024 | 13:16 GMT by
Tareq Sikder
PayPal Expands US Point-of-Sale with 5% Cashback and Apple Wallet Integration
- The firm targets the $4.55 trillion US debit card market with increased cashback.
- A report shows 24% of debit cardholders earned cashback in 2023, versus 74% of credit cardholders.
Thursday, 05/09/2024 | 15:47 GMT by
Tareq Sikder
Mastercard Takes On Fraud with Biometric Passkey Launch in India
- The service replaces traditional passwords and OTPs with fingerprints or facial scans.
- It uses tokenization to protect payment and biometric data, reducing the risk of unauthorized access.
Thursday, 29/08/2024 | 10:28 GMT by
Tareq Sikder
Manchester City Strikes Deal with Corpay for FX Solutions and Payment Handling
- The firm is appointed the official FX partner, offering payment solutions for both the men's and women's teams.
- Meanwhile, the firm expands US operations through acquisition of GPS Capital Markets.
Thursday, 22/08/2024 | 12:39 GMT by
Tareq Sikder
Nubank's Q2 Earnings Surge 65% as Customer Base Hits 104.5 Million
- The fintech reported record Q2 2024 results, with net income doubling to $487 million and revenue reaching $2.8 billion.
- The customer base surpassed the 100 million milestone mainly due to growth in Brazil and Colombia.
Wednesday, 14/08/2024 | 08:16 GMT by
Damian Chmiel
Standard Chartered Comes Onboard with United Fintech to Move the Needle in Fintech
- Investment includes Board observer rights and potential for a rotational Board seat.
- United Fintech offers a platform for fintech partnerships and innovation in capital markets.
Thursday, 08/08/2024 | 07:45 GMT by
Tareq Sikder
Flywire Brings In Invoiced to Rev Up B2B Payments and Software Solutions
- The deal is expected to add approximately $2 million in revenue for the fiscal year 2024.
- Invoiced’s A/R platform integrates with accounting systems and is recognized by G2 Crowd.
Wednesday, 07/08/2024 | 08:51 GMT by
Tareq Sikder
UK Fintech Investment Soars to $7.3 Billion in H1: EMEA Investment Falls
- Geopolitical uncertainty, inflation, and high interest rates have subdued investment compared to 2021.
- EMEA fintech investment dropped from $19.1 billion in H2 2023 to $11.4 billion in H1 2024.
Tuesday, 06/08/2024 | 09:53 GMT by
Tareq Sikder
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