Category: Fintech
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PayU partners with NPCI
PayU, a leading online payment service provider, has announced a strategic partnership with the National Payments Corporation of India (NPCI), a pioneer in the Indian digital payments space. This collaboration aims to revolutionize the way payments are processed and bring more convenience and security to merchants and consumers alike. NPCI is an umbrella organization…
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Ripple announces to acquire Standard Custody & Trust Company
Ripple announces to acquire Standard Custody & Trust Company Expanding Ripple’s Capabilities Ripple, the leading provider of enterprise blockchain solutions for payments, has recently announced its acquisition of Standard Custody & Trust Company in a strategic move to further expand its capabilities in the digital asset space. Standard Custody & Trust Company, a New…
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Chase survey reveals growing dependence on mobile banking
Chase Survey Reveals Growing Dependence on Mobile Banking In today’s fast-paced digital era, the reliance on mobile devices continues to increase across various industries. One sector that has experienced significant growth in mobile usage is banking, and a recent survey conducted by Chase has shed light on this escalating trend. The Rise of Mobile…
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Carbon acquires Vella Finance
Carbon Acquires Vella Finance A strategic move to strengthen Carbon’s financial services San Francisco, CA - May 20, 2022 Introduction In a significant development, Carbon, a leading global technology company, has announced its acquisition of Vella Finance, a well-established financial services firm. The strategic move aims to enhance Carbon’s existing financial capabilities and broaden its…
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iDenfy partners with BlueMonks
Vilnius, Lithuania – iDenfy, a leading identity verification solution provider, has announced its partnership with BlueMonks, a prominent financial services platform. This collaboration aims to enhance BlueMonks’ customer onboarding process by integrating iDenfy’s cutting-edge facial recognition technology. With this partnership, BlueMonks aims to provide a secure and seamless experience while ensuring regulatory compliance. iDenfy’s…
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Virgin Money to buy abrdn’s stake in a joint venture
Virgin Money, a leading UK financial services brand, has announced its decision to acquire abrdn’s stake in their joint venture. This strategic move aims to consolidate Virgin Money’s position in the market and strengthen its offering to customers. The joint venture, established in [year] between Virgin Money and abrdn, has seen successful collaboration in providing…
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HiBob acquires Pento
Exciting news in the realm of HR and payroll management! HiBob, a leading provider of cloud-based HR software, has recently announced its acquisition of Pento, a dynamic payroll automation platform. This strategic move showcases HiBob’s commitment to strengthening its product offerings, expanding its customer base, and revolutionizing how businesses manage their workforce. The acquisition of…
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CSB Bank, Bijlipay partner to boost payment ecosystem with POS solution
Revolutionizing the Payment Landscape The financial technology sector is witnessing yet another milestone as CSB Bank, a leading banking institution, joins forces with Bijlipay, a prominent payment solutions provider. This strategic partnership aims to revolutionize the payment ecosystem by introducing a state-of-the-art point-of-sale (POS) solution. The collaboration between the two industry giants will open up…
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Finom raises EUR 50 million in Series B equity round
Finom Raises EUR 50 million in Series B Equity Round Published on June 15, 2022 | Financial News “Financial technology company, Finom, secures a significant investment of EUR 50 million in its recent Series B equity round.” Finom, a leading innovator in the financial technology sector, announced today that it has successfully raised EUR 50…
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Kema raises USD 2 million in pre-seed round
About Kema Kema, a promising start-up in the technology industry, has recently announced a successful pre-seed funding round, raising an impressive USD 2 million. The company, founded by visionary entrepreneurs, aims to revolutionize the way we interact with technology. Investment and Growth The pre-seed funding round was led by prominent venture capital firms and attracted…
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Finastra and Tesselate digitalise trade finance for US banks
In a collaboration aimed at transforming the trade finance landscape, Finastra and Tesselate have joined forces to digitalise trade finance operations for banks in the United States. Revolutionizing Trade Finance with Digital Technology Trade finance, an integral part of global commerce, has traditionally relied heavily on manual processes and paperwork, resulting in inefficiencies, delays, and…
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FIS partners with Banked
In exciting news for the financial technology industry, FIS (Fidelity National Information Services) has announced a strategic partnership with Banked, a leading open banking payments platform. The collaboration between FIS and Banked aims to combine the strengths of both companies to streamline and enhance the digital payment experience for customers, merchants, and financial institutions around…
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ACI Worldwide partners with RYVYL EU
ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, has announced a strategic partnership with RYVYL EU, a prominent European fintech company. ACI Worldwide offers a comprehensive suite of innovative payment and banking solutions that empower financial institutions, processors, merchants, and corporates to expand their digital offerings and enhance customer experience.…
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Cohesity partners with Veritas
In a significant move that will revolutionize the data management landscape, Cohesity has announced a strategic partnership with Veritas. The two companies are joining forces to deliver comprehensive data management solutions for enterprises of all sizes. This collaboration brings together the market-leading expertise of Cohesity in modern data management along with Veritas’ excellence in enterprise…
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US Treasury releases 2024 illicit finance risk assessments
The US Treasury Department has recently released the illicit finance risk assessments for the year 2024. This comprehensive report provides valuable insights into the evolving landscape of financial crime and the measures being taken to combat them. The risk assessments, compiled by the Financial Crimes Enforcement Network (FinCEN) and other expert agencies, pinpoint various…
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BitRail partners with Payment Lock
Bringing Secure and Efficient Payments to a Wider Audience Exciting news for the financial technology industry, as two industry-leading companies, BitRail and Payment Lock, announce their strategic partnership. This collaboration aims to enhance the security and efficiency of digital payments and revolutionize the way we conduct transactions online. BitRail, a prominent payment processing platform,…
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The Paypers launches The Global Payments and Fintech Trends Report 2024
The Paypers Launches The Global Payments and Fintech Trends Report 2024 The Paypers, a leading online media platform focused on the global payments and fintech industry, has unveiled its highly anticipated Global Payments and Fintech Trends Report for 2024. This comprehensive report provides valuable insights into the latest trends and developments shaping the future of…
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Decentro receives the final payment aggregator licence
Decentro Receives the Final Payment Aggregator Licence Published on: July 15th, 2022 Decentro, the leading financial technology company, announced today that it has successfully obtained the final payment aggregator licence from the regulatory authorities. This milestone achievement marks a significant step forward for the company in streamlining and expanding its payment infrastructure services. What is…
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KONA I and IDEX introduce biometric smart cards in Japan
Revolutionizing Security and Convenience In a groundbreaking collaboration, KONA I, a leading global fintech company, has partnered with IDEX Biometrics to release biometric smart cards in Japan. This strategic partnership aims to revolutionize the security and convenience of payment systems in the country, enhancing user experience and reducing fraud risks. Biometric smart cards utilize fingerprint…
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Worldline plans to reduce its workforce by 8%
Worldline Plans to Reduce its Workforce by 8% Worldline logo Worldline, a leading global provider of payment and transactional services, has announced its plan to reduce its workforce by approximately 8%. This decision comes as a part of the company’s strategic restructuring efforts to optimize its operations and maintain its competitive edge in the…