Tag: finance
-
Vast Bank to shut down its mobile crypto app
Important Announcement: Vast Bank, a leading financial institution, has made the decision to shut down its mobile cryptocurrency application. This move comes as the bank reassesses its digital offerings and aligns its services with customer demands and market trends. As part of its commitment to customer satisfaction and experience, Vast Bank has decided to focus…
-
WiseAlpha introduces wealth management services
By Your Name What is wealth management? Wealth management is a comprehensive approach to managing and growing one’s wealth. It involves financial planning, investment management, and other specialized services aimed at helping individuals and families achieve their financial goals. Traditionally, wealth management services were only available to high-net-worth individuals, typically with investable assets exceeding a…
-
Duotech improves its DT-ProPay payment solution
Duotech, a leading provider of advanced payment solutions, has recently announced significant improvements to its flagship product, the DT-ProPay payment solution. With these enhancements, Duotech aims to revolutionize the way businesses handle transactions and streamline the payment process. The DT-ProPay payment solution has been one of Duotech’s core offerings, providing secure, reliable, and customizable payment…
-
Deutsche Bank to cut 3,500 jobs
Deutsche Bank, one of Germany’s largest financial institutions, has announced its decision to slash 3,500 jobs as part of a major restructuring plan. This move comes as the bank tries to improve its profitability and cope with the effects of global economic uncertainties. The job cuts, which amount to approximately 7% of the bank’s global…
-
Bitfinex Securities launches digital asset services in El Salvador
Bitfinex Securities, a leading digital asset exchange platform, has announced the launch of its services in El Salvador, opening up new opportunities for users in the country. This milestone is a significant step towards the widespread acceptance and adoption of digital assets, such as cryptocurrencies, in El Salvador. The launch comes shortly after El Salvador…
-
What’s ahead for payments in 2024
The world of payments is constantly evolving, with new technologies and innovations shaping how we transact. As we approach 2024, several key trends are expected to emerge, revolutionizing the way we pay for goods and services. These advancements are set to make payments faster, more secure, and incredibly convenient. Create your own digital currency In…
-
YouLend agrees for GBP 4 bln financing deal
In a recent business move, YouLend, one of the leading financial technology companies, has agreed to a financing deal worth a staggering GBP 4 billion. This strategic agreement bolsters YouLend’s position in the lending market, providing them with the necessary resources to expand their services and innovations.…
-
Rapid Finance and LoanPro join forces for US small business lending
Rapid Finance, a leading provider of alternative funding solutions, has announced its strategic partnership with LoanPro, a cutting-edge digital lending platform, to revolutionize small business lending in the United States. This collaboration aims to provide greater access to capital for businesses, streamline the lending process, and deliver unparalleled customer experiences. With both companies sharing…
-
Sygnum raises more than USD 40 million in an oversubscribed round
“Sygnum, the digital asset technology group, successfully raised over USD 40 million in its latest funding round.” ZURICH, Switzerland – Leading digital asset technology group, Sygnum, announced an impressive milestone as it secured over USD 40 million in an oversubscribed funding round. Sygnum marries cutting-edge technology with traditional banking. This substantial funding round provides the…
-
Synchrony to buy Ally’s POS lending unit
Synchrony Financial, a leading consumer financial services company, has announced its plans to acquire Ally Financial’s point-of-sale (POS) lending unit in a strategic move to expand its reach and offerings in the retail finance market. Ally Financial, a leading digital financial services company, decided to divest its POS lending unit as part of its long-term…
-
Zilla to focus on cross-border payments
Zilla, the renowned fintech startup, has officially announced its decision to shift its focus towards facilitating cross-border payments in the global market. With the rapid expansion of e-commerce and international trade, the need for efficient and secure cross-border payment solutions has become increasingly evident. Zilla aims to address this demand by leveraging its innovative technology…
-
DailyPay lands more financial support
Exciting news for DailyPay, the leading provider of earned wage access solutions! The company recently announced securing additional funding to further expand its operations and enhance its services. DailyPay has been at the forefront of the earned wage access revolution. Their platform allows employees to access their earned but unpaid wages before their scheduled payday,…
-
Report: Open Banking market in Arab states to reach USD 1.17 bln
A recent report has projected that the Open Banking market in Arab states is expected to reach an estimated value of USD 1.17 billion by the end of the forecast period. Open Banking, a decentralized system that allows third-party financial service providers access to customer banking data through the use of application programming…
-
Billink raises EUR 29.5 million
Billink, a leading financing technology company, recently announced a successful funding round of EUR 29.5 million. This substantial investment demonstrates the strong confidence and support from investors in the company’s innovative growth strategy. Founded in 2010, Billink has become renowned for its cutting-edge solutions in the world of online financing. The company offers flexible…
-
Temenos launches LEAP
Introducing LEAP Temenos, a leading banking software company, has unveiled its latest offering known as LEAP. This innovative solution aims to revolutionize the banking industry and provide customers with an unparalleled banking experience. Inspired by the ever-growing digital transformation in the financial sector, LEAP is designed to empower banks to adapt…
-
Morgan Stanley to pay USD 249 million
In a landmark settlement, Morgan Stanley has agreed to pay a staggering USD 249 million to resolve claims related to its misleading sales practices. This settlement marks a significant step towards holding financial institutions accountable for their actions. The allegations against Morgan Stanley revolved around the sale of mortgage-backed securities leading up to the 2008…
-
YES BANK introduces SmartFin
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Curabitur et semper quam. Suspendisse feugiat sapien odio, vel fermentum odio convallis id. Mauris id purus sagittis metus ullamcorper suscipit at ut leo. In response to the changing landscape of the financial sector, YES BANK is proud to introduce its latest innovation – SmartFin. This cutting-edge platform…
-
Airwallex prepares for IPO amid valuation boost
Exciting times ahead for Airwallex as the company gears up for its much-anticipated initial public offering. Valuation Soars! Airwallex, the leading global fintech company, is experiencing a significant valuation boost ahead of its IPO. With its latest funding round, the company’s valuation reached a staggering $4 billion, nearly doubling its worth in just a year.…
-
VoPay launches instant micro-transactions verification service
Vancouver-based financial technology company, VoPay, has just announced the launch of its groundbreaking service – an instant micro-transactions verification service. This innovative solution aims to elevate online payment security and enhance user experience with fast, secure, and accurate verifications. With the ever-increasing volume of online…
-
Instant payments to buoy cross-border flow
Instant Payments to Buoy Cross-Border Flow In today’s interconnected world, cross-border commerce has become increasingly important for businesses of all sizes. Swift and reliable payment systems play a vital role in facilitating seamless transactions between countries, ensuring smooth trade flows and fostering economic growth. Traditionally, cross-border payments have been plagued by delays, inefficiencies, and high…