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Brightwell is launching a new cross-border payments solution called ReadyRemit. Integrating ReadyRemit will enable Brightwell customers to help their end clients send money to 90% of the world’s population. The new tool is leveraging partnerships with Mastercard and The Bancorp Bank. Payments technology company Brightwell unveiled its new cross-border payments solution today. The new offering, Read more…
Financial inclusion has been a rising hot topic in the past few years. Providing underserved populations with the tools they need to manage their finances and build their wealth has been a top goal across many banks and fintechs, especially those focused on credit and underwriting. I recently had the opportunity to speak with Gregory Read more…
Checkout.com and Shieldpay announced a partnership this week. The collaboration will bring Checkout.com’s merchant clients more transaction processing options, including digital escrow. This official partnership announcement comes a year after Checkout.com and Shieldpay first started collaborating. Global payments platform Checkout.com and digital payments solutions provider Shieldpay have aligned this week. The two have joined forces Read more…
Real-time payments software company ACI Worldwide has appointed Thomas Warsop as its Interim Chief Executive Officer, effective immediately. Warsop was formerly the non-executive Chair of the ACI Worldwide Board of Directors. He replaces Odilon Almeida, who was the company’s CEO from March 2020 until now. Almeda was named CEO after Philip Heasley – who had Read more…
2022 is marking the beginning of an economic downturn. Consumers are feeling the pain associated with high inflation, corporations are seeing decreased stock performance, and startups are experiencing lower funding amounts, lower valuations, and lower M&A numbers. We recently reviewed FT Partners’ Q3 Quarterly Fintech Insights Report to take a look at how M&A activity Read more…
Sometimes “futuretech” means technology that helps ensure that we actually have a future! This week we’re taking a look at recent initiatives in the fintech world to help promote sustainability. These efforts have been growing as more and more companies respond to customer concerns about the impact of their financial behavior on the climate. From Read more…
Payment and data security company Bluefin Payment Systems announced it will acquire TECS Payment Systems, an omnichannel payment solutions provider. Once the deal is finalized, Bluefin and TECS will serve a combined 34,000 merchants and close to 300 global partners in 55 countries. And for both Atlanta, Georgia-based Bluefin and Austria-based TECS, the acquisition will expand Read more…
For many in the fintech industry, there are few things as scary as the economy right now. High inflation, lowered investor and consumer confidence, and political tensions are all contributing to an uncertain future. One of the largest impacts of this pullback in the fintech industry is seen in the drop in venture capital funding, Read more…
Incomm Payments acquired Australian gift card provider The Card Network (TCN). Terms of the deal were not disclosed. The Card Network, founded in 2019, offers a wide range of multi-brand gift cards that aggregate popular consumer brands on a single card. Celebrating its 30th anniversary this year, Incomm Payments made its Finovate debut in 2011 Read more…
Experian announced a partnership with digital identity company Prove. The partnership will integrate up to four Prove solutions into Experian’s digital identity and fraud risk mitigation platform, CrossCore. Experian has been a Finovate alum since 2011. Earlier this month, the company announced a collaboration with U.K.-based NewDay. A global partnership between information services company Experian Read more…
SKU data network company Banyan raised $43 million in Series A funding. The round consisted of $28 million in equity and $15 million in venture debt, and gives the company a total of $53 million in equity funding. Banyan made its Finovate debut at FinovateFall 2021 in New York, and returned to the Finovate stage Read more…
Digital bank for creatives, Nerve, is partnering with London-based Talenthouse, a firm that helps artists find work with global brands. Talenthouse’s money management platform, TalentPlus, will leverage Nerve’s embedded banking technology to expand into the U.S. To facilitate TalentPlus’ U.S. launch, Talenthouse will invest up to $7 million in cash and shares in Nerve. Digital bank Nerve Read more…