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Amsterdam-based Interxion, which provides carrier and cloud-neutral colocation data centre services, announced this week it has agreed to be acquired by Digital Realty, a data center services company. The transaction values Interxion at $8.4 billion and brings added value to the company. Interxion will benefit from Digital Realty’s global footprint, helping it build its presence Read more…
International payments innovator Currencycloud revealed a new solution this week that will help banks and fintechs go global. The new tool, Currencycloud Spark, will enable financial services companies to offer multi-currency accounts to their business customers. Using the multi-currency accounts, businesses can collect, store, convert, and pay in more than 35 currencies. Currencycloud will offer Read more…
Digital challenger bank Revolut has chosen Singapore as its first entry into the Asian market. And now, after a successful beta period during which the company gained 30,000 new members and learned valuable lessons about the Singapore market and culture, Revolut is ready for business in Asia. As of this week, Revolut Singapore customers will Read more…
Israel-based global venture investing platform OurCrowd announced a partnership with Toyota Tsusho Corporation today. OurCrowd and the Japanese general trading company – and member of the Toyota Group – have forged a business and technology scouting partnership that will seek out startups innovating in areas that support autonomous driving. This includes services and products leveraging Read more…
After making inroads into China at the beginning of this month, PayPal announced another international move today– this time with the U.S.’s friendly neighbors to the north. The San Francisco-based company has made the PayPal Business Loan for small business owners available in Canada. This isn’t the first time PayPal has launched financing products outside Read more…
Nigeria-based Union Systems is the latest company to team up with global biometric identity technology innovator Daon. The African fintech will help bring Daon’s “two-in-one,” cross-channel authentication and digital onboarding technology to financial institutions across the African continent. “This partnership with Daon puts us at the forefront of the efforts by the regulatory authorities to Read more…
A new partnership between trusted digital identities innovator IdentityMind and identity verification specialist Acuant will make the latter’s Acuant AssureID identity solution available via the IdentityMind platform. The technology leverages AI and human assisted machine learning to identify more than 6,000 ID types in real-time to provide superior data verification and risk scoring. “Acuant and Read more…
Steve Boms takes a look at the current regulatory landscape in the United States when it comes to data privacy, and why he thinks we’re a long way off having a one-size-fits-all approach.
International payments platform Currencycloud and business payment automation company Bottomline Technologies announced they have teamed up to provide Hargenant Group with a cross-border payments solution. Bottomline’s payments platform leveraged Currencycloud’s open APIs to give Hargenant, a company that specializes in accounting and payroll for the entertainment industry, the tools it needs to pay suppliers and Read more…
Wealthtech company DriveWealth is making further inroads into Africa this week with the news that it has partnered with Chaka, a Nigeria-based trading platform. Chaka will leverage DriveWealth’s API to offer its clients access to U.S. stocks. Citi Investment Capital Limited is a licensed Nigerian stockbroking firm and will facilitate the brokerage transactions for Chaka Read more…
Global crowdfunding platform OurCrowd is padding its pockets today with funding from investment banking firm Stifel. Terms of the deal, which brings a strategic partnership between the two companies, were not disclosed. Stifel has taken a minority stake in OurCrowd, boosting the company’s total funding up over $112.5 million. OurCrowd’s past investors include Alta Berkeley Read more…
Transaction monitoring and analytics company INETCO recently unveiled Insight 7, fraud detection technology for financial institutions and payment processors. Insight 7 leverages payment data and machine learning algorithms to discern payment fraud in real time and reduce the number of false positives; keeping the bad guys out while allowing authentic consumers to proceed with their Read more…