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The last time we covered open banking infrastructure company Axway, was a little over a year ago in the wake of the company’s acquisition of e-invoicing specialist AdValvas. Today, the Scottsdale, Arizona-based firm is back in the fintech news headlines with another acquisition announcement. The firm has officially sealed the deal with core banking software Read more…
As “Back to School” season begins, we’re looking forward to a surge of fintech news over the next few days and weeks. Finovate’s Fintech Rundown is your one-stop-shop for the latest headlines, announcements, and updates. Payments ACI Worldwide partners with Red Hat to make its Enterprise Payments Platform available on any cloud infrastructure. Bank payment Read more…
Payments processing technology company Shift4 announced plans to acquire gift card and loyalty solutions company Givex. Financial terms of the deal were undisclosed. Givex was founded in 1999 to help businesses launch and manage gift card and e-gift solutions, loyalty programs, point-of-sale (POS) systems, and more. The company’s clients include Nike, Marriott, 7/11, Wendy’s, Best Western, Texas Read more…
Financial services giant Visa and Revolut have teamed up to offer real-time cross-border transactions for Revolut’s business customers. Specifically, Visa’s Visa Direct will enable Revolut’s business customers to initiate instant card transfers. Visa launched Visa Direct in 2011 to serve as a real-time payments platform that enables both retail and commercial customers to send money Read more…
Banking technology provider Zeta has inked a partnership with India’s HDFC Bank to power its new Credit Line on UPI (CLOU) solutions. Announced by India’s National Payment Corporation of India (NPCI) in 2023, the CLOU scheme will make it easier for individuals to access credit and help banks leverage the UPI ecosystem to reach a Read more…
As summer draws to a close, there may be a big acquisition on the horizon in the fraud and financial crime prevention space. Be sure to check in with Finovate’s Fintech Rundown all week long for the latest in fintech news. Fraud and financial crime prevention Is Visa looking to acquire fraud fighting platform Featurespace? Read more…
A partnership between invoicing and payments solutions provider InvoiceASAP and business payments platform Adyen will enable InvoiceASAP to offer its users instant access to deposited funds. This is a critical issue for InvoiceASAP’s small- and medium-sized business customers, who often require quick and ready access to capital to better manage their expenses. “InvoiceASAP is building Read more…
International payouts orchestration company, PayQuicker, has forged a partnership with cross-border payment infrastructure firm Thunes to expand its e-Wallet payout capabilities around the world. The integration is designed to better serve the growing demand for diverse and flexible payout methods. This demand is especially acute in emerging markets, where access to traditional banking is limited Read more…
Finovate’s Fintech Rundown is here with a look at some of the top fintech headlines. From startups emerging from stealth flush with capital to the launch of new AI-powered fraud fighting technologies, we’ve got you covered. Be sure to check back all week long for the latest updates. E-commerce E-commerce payments solution provider Klarna acquires Read more…
ESG data and analysis provider Sustainable Fitch will integrate AI-powered text analysis from SESAMm into its ESG Scores and Ratings solution. The integration will enable Sustainable Fitch to provide more comprehensive ESG insights to its asset owner and manager clientele. The addition of SESAMm’s analysis will improve decision-making and help guide investment and due diligence. Read more…
We’re midway through August, and while everyone attempts to sneak in their final summer vacation days, the fintech news continues on. While we’ve seen a handful of acquisition news headlines so far this summer, I expect things to tick up slightly this fall. Stay tuned throughout the week to read the latest news this week Read more…
Digital payment solutions company Thredd announced a partnership with global payments company LianLian Global to help the Singapore-based company launch its virtual card program in the APAC market. LianLian, which specializes in cross-border settlement services with instant payouts, selected Thredd to power its Yueda virtual card product. Designed to facilitate cross-border payments and financial management Read more…