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You would think American and European banks would be snapping up the modern core processing platforms they need to comply with Basle II and SEPA (Single Euro Payments Area), and enjoy better operating margins in the bargain. Instead, they seem to be reacting to the prospect like someone facing a flu shot. And yet the Read more…
This week’s edition of Finovate Global features news from the fintech industry in Nigeria. Africa’s newest fintech unicorn raises $110 million African fintech Moniepoint is the continent’s latest fintech unicorn. The firm, Nigeria’s largest merchant acquirer, announced this week that it has raised $110 million in a funding round led by private equity firm Development Read more…
This week’s edition of Finovate Global showcases news from the fintech industry in New Zealand. Business banking account Emerge secures investment In a round led by Altered Capital, New Zealand-based fintech Emerge has raised approximately $7.3 million in Series A funding in its bid to build the country’s first challenger bank. The round also featured Read more…
This week’s edition of Finovate Global features news from the fintech scene in Hong Kong. Worldline partners with BOCHK International payment services company Worldline has forged a partnership with the Bank of China (Hong Kong), also known as BOCHK. The partnership makes the bank the first Hong Kong-based customer of Worldline’s open platform card solution, Read more…
This week’s edition of Finovate Global features recent fintech news and headlines from the Netherlands. Netherlands-based digital banking platform Plumery secured $3.3 million in funding this week. The investment came from of early-stage investor DN Capital and Fontes, managed by international VC firm QED Investors, and raises the company’s total funding to date to $7.8 Read more…
We have breezed through September, and are now not only ready to take on a new month, but also a new quarter. Stay tuned to see what it will bring! Digital banking Chime selects Morgan Stanley to manage its 2025 IPO. Qonto announces plans to expand to four new European markets: Austria, Belgium, the Netherlands, Read more…
This week’s edition of Finovate Global looks at recent developments in the fintech scene in Canada. First up, we head over to Toronto, Ontario, where embedded payroll software company Nmbr has secured $5.6 million (CAD$7.6 million) in seed funding. The round featured investors Panache Ventures, Golden Ventures, Motivate Venture Capital, and Luge Capital. In a Read more…
You never know where Finovate Global will take you on any given week. In our last edition, we spent time in Spain with wealthtech GPTadvisor. Before that, we were talking about Ireland’s Central Bank and its search for top fintech talent, new investment in mobile payments in the Philippines, and the pace of digital transformation 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…
This week’s edition of Finovate Global features an in-depth interview with Nacho Díaz de Argandoña, Chief Product Officer with Spain-based fintech, GPTAdvisor. Founded in 2023 and headquartered in Madrid, GPTadvisor made its Finovate debut earlier this year at FinovateEurope 2024 in London. GPTadvisor offers a Gen AI platform that is specifically built to boost the 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…
This week’s edition of Finovate Global highlights recent fintech headlines from Ireland. Dublin-based regtech Fenergo has inked a partnership with Caribbean-based PROVEN Bank. The financial institution will leverage Fenergo’s transaction monitoring solution to enhance and streamline its anti-money laundering (AML) compliance operations. PROVEN Bank Deputy Chief Executive Officer Nikita Kissoon underscored increasing regulatory pressure on Read more…