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Standard Chartered has teamed up with Dubai International Financial Center (DIFC) to launch the fifth cohort of Women in Tech accelerator program. The program is designed to empower female entrepreneurs in the UAE’s technology sector, and encourage innovation, diversity, and economic development. Participants in the program receive training, workshops, mentorship, and access to seed capital. Read more…
The long-awaited launch of instant payments in the U.S. is here. The Federal Reserve introduced its FedNow instant payments service today. The new system enables businesses and consumers to send and receive money in seconds. FedNow is also available 24/7/365 and recipients get full access to sent funds immediately. Funds can be transferred from person Read more…
Student loan refinancing site Earnest has teamed up with Nova Credit to launch International Private Student Loans. The new tool enables select international students to access flexible loan options, competitive interest rates, and personalized repayment terms tailored to their needs. Offered by Earnest, International Private Student Loans will leverage Nova Credit’s Credit Passport solution that Read more…
In some of the biggest news in international fintech of late, credit card leader Visa announced that it is acquiring Pismo, a Brazilian payments infrastructure company. Visa is paying $1 billion in cash for the firm, making the transaction one of the largest of its kind in the fintech industry this year. “At Pismo, we Read more…
Lending-as-a-Service provider Baker Hill has agreed to be acquired by private equity firm Flexpoint Ford. Riverside-owned Baker Hill has not released financial terms of the deal, which is expected to close upon the receipt of regulatory approvals. Baker Hill will tap into the Flexpoint team’s experience and fintech knowledge and will be able to leverage Read more…
This week’s edition of Finovate Global looks at recent fintech news from Colombia. The largest Spanish-speaking country in South America, Colombia is located in the northwest corner of the continent. With a population of more than 52 million, Colombia has the third largest economy in South America and the fourth largest in Latin America. More Read more…
Corporate travel and expense management company Navan (formerly TripActions) is giving its Navan Expense product an upgrade this week. The San Francisco-based company is launching Navan Connect, a card-linked, automated expense management tool. Navan first debuted Navan Expense tool in 2020 and has since seen 80x growth in spend volume. The expense tool’s features, such Read more…
Keytrade Bank, the first online bank in Belgium, has turned to Infosys Finacle to modernize its core banking system. Courtesy of the partnership, Keytrade Bank will swap out its legacy platform in favor of the Infosys Finacle suite. This will help the financial institution boost efficiency, accelerate time-to-market for products, and provide a superior experience Read more…
This week’s edition of Finovate Global takes a look at recent fintech developments in Germany. German fintech Bling launched its SavingsTrees solution this week. The new offering helps German families invest sustainably starting with as little as €1 a month. The solution is offered in partnership with wealthtech Evergreen, and represents an evolution in Bling’s Read more…
With FinovateSpring only days away (May 23 through May 25), this week’s edition of Finovate Global will showcase those innovators demoing at the event that are headquartered outside the United States. There’s still time to register and join us in San Francisco, California for our annual Spring fintech conference. Visit our FinovateSpring 2023 hub today Read more…
NTT Data’s payments arm, NTT Data Payment Services, announced it has teamed up with risk analytics platform Facctum. The India-based payment company will leverage FacctView, Facctum’s anti-financial crime technology. FacctView will help NTT Data Payments Services detect and assess sanctions, terrorism financing, and money laundering on its e-commerce platforms. In addition to protecting customers, FacctView’s Read more…
This week’s edition of Finovate Global takes a look at recent fintech developments involving companies headquartered in France. First up is news that European Buy Now, Pay Later firm Alma has partnered with BNP Paribas and new Finovate alum Numeral to automate payments. “As part of our goal to create the most fluid and seamless Read more…