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SaaS core banking platform 10x Banking has inked a strategic alliance agreement with Deloitte. Effective in both the U.S. and the U.K., the agreement will power greater cooperation when it comes to helping financial institutions around the world access transformative technologies. As part of the strategic alliance, the two firms will launch a series of Read more…
A collaboration between digital payments platform CiNKO and cryptocurrency cash exchange Coinme is designed to boost access to digital assets for millions around the world. Courtesy of the partnership, Coinme customers will be able to send funds to CiNKO wallets and pick up cash from participating MoneyGram outlets in Latin America and the Caribbean. “Our Read more…
In the U.S., the tax deadline kicks off the week, but don’t let that get you down! Sit back, relax, and catch up on some of the latest fintech news headlines. Check back for real-time updates on how the fintech landscape evolves this week. Digital banking Backbase forges strategic partnership with EverBank to enhance commercial Read more…
Treasury Management software company HighRadius announced plans late last week to launch a B2B payments platform. The new tool will help HighRadius clients facilitate global payments for their end users. HighRadius’ B2B payments platform, which aims to improve payment processes across 100+ global payment methods, is comprised of three main products. Each product is available Read more…
Nine Finovate alums raised more than $113 million in Q1 of 2024. The relatively low fundraising results for the first three months of the year do reflect larger trends in fintech funding. But the fact that nearly half of the alums that raised funds in Q1 did not disclose the amounts raised tells us that Read more…
Innovative technologies are proliferating. From the renewed excitement around cryptocurrencies and blockchain technology to the challenges and opportunities of AI, individuals and organizations alike are discovering novel ways to live, learn, and earn. Banks, financial services companies, and fintechs are no exception – which makes us all the more excited to feature futurist, digital anthropologist, Read more…
Spain-based mega bank Santander announced plans to launch a new digital offering in the United States under the Openbank brand in the second half of this year. Santander launched Openbank in 1995 as a telephone bank. The bank moved online in 1999, becoming an online broker for real-time trading in domestic and international markets. Openbank Read more…
Empower, a fintech helping to extend credit to underserved consumers, announced plans to acquire underserved credit card provider Petal. Financial terms of the deal, which is expected to close later this quarter, were not disclosed. New York-based Petal was founded in 2018 to offer underserved consumers access to credit cards. To better help marginalized consumers Read more…
As part of the Eastern U.S. prepares to enjoy the total solar eclipse today, fintech enthusiasts can also eclipse the competition with the latest news and updates in the fintech world. Check back for real-time updates on how the fintech landscape evolves this week. Payments Business payments and financial platform Airwallex launches its Borderless Visa Read more…
Payment acceptance technology provider Nuvei announced this week it has agreed to go private via an acquisition by private equity firm Advent International. The all-cash deal values Nuvei at around $6.3 billion. Canada-based Nuvei offers global card acquiring services, alternative payment acceptance methods, crypto payments, fraud and risk management, analytics and more. The company offers Read more…
Expected to reach $406 billion by 2025, the international subscription economy has been an increasingly attractive opportunity for fintechs and financial services companies alike. The growth of the subscription economy has meant a surge in demand for solutions to help consumers deal with their ever-growing reliance on subscription services. Among Finovate alums alone, firms from Read more…
Chalk one up for U.S. merchants. There are many factors that drive innovation in financial services: technological change, competition, regulatory adjustments … this week, recalled a fourth, less common method: the lawsuit. Visa and Mastercard announced that they have reached a major settlement with merchants in the U.S. that will see interchange fees both lowered Read more…