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FinTech

Neobanking in Transition: Opportunities and Obstacles in a $6.37 Trillion Transaction Era

The rise of neobanking is fueled by cloud-based technology, AI, and white-label solutions.
Despite rapid growth, profitability remains a challenge for many neobanks due to reliance on interchange fees and regulations.

Monday, 24/06/2024 | 13:31 GMT by Pierre Raymond

FinTech

Revolut’s $40 Billion Valuation Will Outpace Banks

The fintech is planning to resell $500 million of its shares at a valuation of over $40 billion.
The reported valuation is more than the market cap of Barclays, NatWest, and Deutsche Bank.

Monday, 24/06/2024 | 05:19 GMT by Arnab Shome

FinTech

Adyen and SumUp Partner to Accelerate Payment Solutions for SMEs

The collaboration expands same-day settlements to small merchants in Europe and the UK.
It aims to provide near-instant access to funds, reducing large working capital reserves.

Friday, 21/06/2024 | 15:11 GMT by Tareq Sikder

FM-Events

Leading Fintech Expos in APAC in 2024

2024 is highlighted by several important fintech expos coming soon in APAC.

Thursday, 20/06/2024 | 09:36 GMT by Jeff Patterson

FinTech

You Will Earn the Most in These Two Financial Technology Sectors, Survey Finds

The fintech industry has seen significant changes in hiring and salaries, according to Harrington Starr.
Cyber security and IT are two places that attract the most people due to their high earnings.

Thursday, 13/06/2024 | 13:09 GMT by Damian Chmiel

Payments

Mastercard and Doha Bank Join Forces to Boost Digital Payments in Qatar

The partnership will enhance digital payments business using Mastercard's expertise.
Qatar's focus on digital transformation is supported by the collaboration on advanced payment.

Thursday, 13/06/2024 | 08:59 GMT by Tareq Sikder

Payments

TrueLayer and Jaja Join Forces to Roll Out Instant Credit Card Payments

Jaja's Vanta Credit Card and partner brands now offer auto-populated, instant credit card payments via TrueLayer.
The new feature offers instant repayments and aims to improve money management for credit card users.

Tuesday, 11/06/2024 | 08:28 GMT by Tareq Sikder

FinTech

Equals Money Unveils New Revenue Streams through Banking-as-a-Service

The expansion into BaaS diversifies its product line, offering new revenue avenues.
Customers can leverage existing infrastructure to provide custom-branded cards, global payments, and multi-currency accounts.

Monday, 10/06/2024 | 11:02 GMT by Tareq Sikder

FinTech

Revolut Joins Hands with BRCC: Bridging Trade between UK and Romania

In 2023, the firm processed almost 74,000 transactions per hour for its Romanian retail customers.
Revolut Bank UAB, licensed by the European Central Bank and regulated by the Bank of Lithuania, operates in 30 EU markets.

Friday, 07/06/2024 | 14:43 GMT by Tareq Sikder

Retail FX

Futu Buys into Airstar Bank, Now Holds 44.1% Indirect Stake

The firm has invested HKD440 million in Airstar Bank, becoming its second largest beneficial owner.
Earlier, its Moomoo App introduced 24-hour trading for US stocks in Singapore and Australia.

Friday, 07/06/2024 | 08:19 GMT by Tareq Sikder

Payments

CFPB Rule Shakes Up Banks: Open Banking Ushers in an Era of Transparency

The CFPB launches process to recognize Open Banking standards.
New rule prevents dominant incumbents from squelching startups.

Thursday, 06/06/2024 | 16:00 GMT by Pedro Ferreira

FinTech

Mastercard Engage Program Welcomes Sumsub for Fraud Protection

Sumsub will offer its verification and anti-fraud solutions for customer onboarding.
Integration addresses urgent need for transaction monitoring amidst fraud rise.

Wednesday, 05/06/2024 | 09:12 GMT by Tareq Sikder

Payments

Monex USA Integrates with Payments Exchange from Fiserv for Wire Transfer

The collaboration simplifies FX transactions, offering end-to-end wire transfers.
It connects to multiple global networks, serving as a hub for payment channels.

Tuesday, 04/06/2024 | 15:31 GMT by Tareq Sikder

Payments

Temenos Collaborates with Mastercard to Enhance Cross-Border Payment

The collaboration aims to improve payment infrastructure for financial institutions and clients.
Mastercard Move enables secure and swift transfers via various disbursement options.

Tuesday, 04/06/2024 | 09:35 GMT by Tareq Sikder

Payments

Bitpanda Partners with Deutsche Bank for Real-Time Payments in Germany

The collaboration enables seamless transactions through an API-based account solution.
Deutsche Bank is Bitpanda’s Hausbank for cross-currency solutions in Austria, Spain.

Tuesday, 04/06/2024 | 08:52 GMT by Tareq Sikder

FinTech

Visa Direct Integration Bolsters Nuvei's Payment Offerings in Colombia

The collaboration allows real-time fund delivery to accounts via card credentials.
Access to Global Visa Direct extends to over 30 countries through this partnership.

Monday, 03/06/2024 | 16:54 GMT by Tareq Sikder

FinTech

Mastercard Takes Its Biometric Checkout Program to Uruguay

Shoppers at Red Expres can register their payment details and biometrics on-site.
Initially launched in Brazil, the system is expanding globally with new planned pilots.

Monday, 03/06/2024 | 14:57 GMT by Tareq Sikder

Trending

Reflect Cyprus - A Day at One of the Med's Leading Tech Gatherings

AI was on everyone's lips.
There was a clear focus on sales and the need to convert leads.
Top trading firms, startups and VCs created a diverse, vibrant environment.

Friday, 31/05/2024 | 09:20 GMT by Louis Parks

FinTech

PayPal Unveils Enhanced Payment Solution for SMEs in Ireland

The service allows Irish businesses to accept Apple Pay, Google Pay, and other payment methods.
Businesses using PayPal Complete Payments see a 4.2% increase in card acceptance.

Friday, 31/05/2024 | 09:13 GMT by Tareq Sikder

Institutional FX

Broadridge Expands Digital Distribution with AdvisorTarget Acquisition

AdvisorTarget's data will enhance Broadridge's market intelligence for asset managers.
DC Advisory advised Broadridge, while Broadhaven Capital Partners advised AdvisorTarget in the acquisition.

Thursday, 30/05/2024 | 13:32 GMT by Tareq Sikder

FinTech

USDC Issuer Circle Announces Entry into Brazil's Fintech Sector

Partnership with BTG Pactual and Nubank aims to provide access to USDC for Brazilian users.
Brazil's growing fintech sector, fuelled by initiatives like Pix, presents a favorable market.

Wednesday, 29/05/2024 | 11:31 GMT by Tareq Sikder

Payments

Nexi Takes the Wraps Off Tap to Pay on iPhone for Italian Merchants

Merchants can use SoftPOS to accept payments via iPhone without additional hardware.
Tap to Pay supports contactless payments, including credit cards and digital wallets.

Wednesday, 29/05/2024 | 08:45 GMT by Tareq Sikder

FinTech

BaFin Lifts Cap on New Customer Onboarding for Digital Bank N26

The onboarding cap, initially set in 2021 and increased in 2022, has now been removed.
The move has followed a €9.2 million fine on N26 for delayed money laundering reports.

Tuesday, 28/05/2024 | 13:52 GMT by Tareq Sikder

FinTech

Revolut Enhances International Transfers with African Mobile Wallets

The international transfer feature has included 14 new payment corridors in nine African countries.
The feature now supports three digital wallets: Airtel Money, Orange Money, and MTN.

Tuesday, 28/05/2024 | 09:22 GMT by Tareq Sikder

FinTech

DNA Payments and SUNMI Join Forces to Enhance UK Card Payments

The partnership offers payment solutions with SUNMI's Android POS devices and DNA Payments' axept PRO software.
With enhanced memory, faster processors, and Android OS, card payment devices offer versatility for multiple applications.

Monday, 27/05/2024 | 16:10 GMT by Tareq Sikder

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