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Payworks is working with Ghana’s Hubtel to enable merchants in the African nation to accept payments via their Hubtel POS app and EMV credit card reader. The two companies have been collaborating since the beginning of the year, integrating Payworks Pulse payment gateway technology to make Hubtel the first fully integrated solution available in the Read more…
A newly announced strategic partnership between CRIF and open banking API solution provider Ozone API will help financial institutions securely share their data and create new financial solutions that enhance data-driven decision-making, streamline operations, and improve customer satisfaction. “By partnering with Ozone API, we are combining our strengths to create a seamless and efficient banking Read more…
PayPal, which just released its stackable in-store and online rewards system PayPal Everywhere earlier this month, has a new take on what it means to be “everywhere.” The California-based company is launching PayPal Complete Payments in China this week. Originally debuted in the spring of this year, the PayPal Complete Payments platform integrates customized products Read more…
Visa signed an agreement to acquire fraud prevention company Featurespace today. Financial terms of the deal, which is subject to closing conditions and regulatory approvals, were not disclosed. The deal is expected to close in 2025. Featurespace was founded in 2008 as a project in Cambridge University’s engineering department. The U.K.-based company offers AI-based tools Read more…
Small business accounting software company Xero and global payments network and shopping platform Klarna announced this week that they have teamed up. The deal is essentially a distribution partnership for Klarna, which will help Xero’s small businesses clients accept buy now, pay later (BNPL) payments from their consumers. Xero small business customers in all regions Read more…
A partnership between analytics software company FICO and Jersey Telecom (JT) has yielded a new solution to provide direct, near real-time intervention to protect customers from financial crime in general and Authorized Push Payment (APP) fraud in particular. The solution, the FICO Customer Communications Service Scam Signal, works by identifying the most relevant telephony signals Read more…
Fall is officially here! A favorite season for many, autumn also marks a likely acceleration in fintech and financial services news and activity. Be sure to check Finovate’s Fintech Rundown all week long for the latest in headlines and news updates! Open banking PNC Financial Services and Plaid sign data sharing agreement. Cryptocurrency CheckSig offers Read more…
Fresh off its Finovate debut at FinovateFall this month, identity verification specialist ID-Pal has announced a global strategic partnership with CLOWD9. Courtesy of the partnership, CLOWD9 will offer ID-Pal’s AI-powered identity verification technology via its payment solutions portfolio. “This strategic partnership will allow CLOWD9 clients to access both a compelling end-to-end identity solution and an Read more…
Financial services software company Finastra announced a partnership with onboarding specialist Prelim. Finastra will integrate Prelim’s technology into its Finastra Phoenix core solution to enhance the deposit account opening experience for both retail and commercial accountholders. “In a digital-first society, consumers and businesses expect their financial solutions to be agile and transform as needed to Read more…
Fresh from FinovateFall in New York, we’ve got a raft of fintech news to share and catch up on. Be sure to check Finovate’s Fintech Rundown all week long for the latest in industry news, announcements, and headlines. Credit unions Formerly PSCU/Co-op Solutions, Velera will provide card processing solutions for BrightStar Credit Union courtesy of Read more…
In the financial services sector, artificial intelligence (AI) is often heralded as a transformative force capable of revolutionizing everything from customer engagement to fraud detection. However, as the excitement around AI continues to grow, so do the challenges associated with its implementation. According to the latest McKinsey Global Survey on AI, AI adoption is accelerating, Read more…
Low code platform 3forge has landed its first external investment round since it was founded in 2011. Morgan Stanley invested an undisclosed amount in the New York-based company. 3forge, which counts banks, hedge funds, asset managers, exchanges, and sovereign wealth funds among its clients, offers a low-code platform developers can use to build front-end, enterprise Read more…