Managers of Wealth Fintech

Embedded payments startup Rainforest raises $20 million

Rainforest helps software platforms grow revenue by embedding payments into their products, without introducing any risk or compliance complexities.

Project Nexus completes comprehensive blueprint for connecting domestic instant payment systems globally

Bank Indonesia (BI) will continue its association with the project with special observer status.

The Ever-Changing Terrain of Cross-Border Payments

Traditional solutions find it challenging to adapt to new services.

HSBC leads $250m private loan in Hong Kong FinTech FundPark

This funding follows another $250m loan FundPark received earlier this year from senior lender Goldman Sachs and other partners.

DBS and Mashreq Offer Same-Day Cross-Border Payments Across Asia, Europe and the Americas

With global cross-border payment flows projected to exceed $250trillion by 2027, this collaboration between DBS and Mashreq represents a significant step towards simplifying and accelerating international financial transactions.

Bank of America backs Simply Asset Finance

The feature will allow Simpli to increase in lending by 30% by neatly £100 million within a year.

Visa launches digital card replacement service for travellers

Our new digital emergency card solution addresses these very issues.

Mashreq to expand global reach with oracle

Mashreq is also in the process of establishing digital banks in Pakistan and Oman to deliver leading-edge financial services.

Norways BankAxept rolls out Apple Pay with support from Tietoevry

With Norwegian banks now enabling BankAxept, costs for retailers will be considerably reduced.

MuchBetter launches 'free' contactless payments ring

Once funds are loaded, the ring can be used to make contactless payments.

Virgin Money and Experian join forces to make payments faster and safer

Customers will benefit from faster, secure applications and enhanced services.

UK paytech Payset signs for Thought Machine’s Vault Payments tech

Payset plans to utilise the offering to roll out virtual business and retail cards to 10 countries, which are scheduled to arrive “this year” and will first launch in the UK.

PayDo and Gigadat Inc team up to revolutionize payment solutions in Canada

The collaboration is set to bolster the capabilities of both companies, offering clients more secure and efficient transaction options.

Global Payments acquires UK’s Takepayments for undisclosed sum

The acquisition is forecast to enable Global Payments, which is headquartered in Atlanta, to tap a wider merchant base in the UK

Lloyds Banking Group renews contract with Visa

Visa will continue to provide all Lloyds Banking Group’s consumer and business debit cards

Commerzbank to launch digital credit cards for businesses with Pliant

The solution will also include a range of card controls, including options to restrict card usage to certain time frames and purchases.

Commerzbank taps Pliant to launch digital card for SMEs

The new offer gives customers the option to restrict card usage, for example for certain periods of time or purposes.

Alternative Payments expands to Brazil’s PIX

Trends show Pix transactions will continue to increase this year, and Alternative Payments can connect US-based merchants to this solution with DPMaxBrazil.

Fintech start-up ZORRZ selects Clowd9 to process payments for new AI-powered BlueAccess credit card

With this, key features of the card include credit check-free access, AI and machine learning-powered buy now, pay later (BNPL) capabilities, and “state-of-the-art AI educational tools and multilingual support”.

Spain’s BBVA Plans Digital Bank Rollout in Germany

Its digital model in Italy, BBVA Italia – a market it entered in 2021 – has been a resounding success, and BBVA hopes to expand its customer base to 600,000 in the country by the end of 2024.

Retail Banking