April 13, 2021
Via: FinTech FuturesAlongside CardinalStone, a private equity investment firm focused on Nigeria and Ghana, the round also garnered funds from V8 Capital, Lateral Investment Partners, Constant Capital, and Itanna Capital Ventures. The fintech says the fresh capital injection will bolster investment in […]
April 2, 2021
Via: FinTech FuturesWhilst some big deals announced last year never came to fruition in these early months – including Visa’s $5.3 billion acquisition of Plaid, and crowdfunding platforms Crowdcube and Seedrs – plenty of other deals emerged to take their place. Here’s […]
March 5, 2021
Via: Payments DivePayPal has been one of the few benefactors of the COVID-19 landscape, as consumers were forced to pivot from in-person contact and conduct most transactions virtually. But the company isn’t lowering its expectations as the end of the pandemic grows […]
January 26, 2021
Via: Banking TechnologyThe company says its payment operations and treasury management solutions have experienced “explosive growth”. The software enables users “to instantly close books with continuous accounting, manage payments and banking through a single platform, and have complete cash visibility”. Last year, […]
January 13, 2021
Via: FinTech FuturesThe US Department of Justice (DOJ) filed a civil antitrust lawsuit against the merger back in November. It alleged that Visa’s reason for acquiring Plaid was to take a future competitor out of the market. Now all parties have all […]
Activity, Corporate Banking, Regulations
December 29, 2020
Via: FinTech FuturesAlternative lenders struggled through long accreditation processes and dried up reserves, before eventually taking on loans which carry the potential risk of high default rates. Neobanks could no longer rely on interchange fees as a main source of income, prompting […]
September 21, 2020
Via: Banking TechnologyThe exchange operator’s data warehouse already sits on Amazon Web Services (AWS). In March, messaging traffic surged as demand for orders, quotes, trades and other market data rocketed. Peterson told WSJ that Nasdaq repeatedly saw daily peaks of more than […]
June 15, 2020
Via: Banking TechnologyThe bank hopes to target 3.4 million clients through the new entity, merging its global wealth management clients across Germany, Europe, the Americas, Asia and the Middle East and Africa, along with private clients and small and medium-sized enterprises (SMEs) […]
May 21, 2020
Via: Banking TechnologyThe investment is part of a bigger strategic partnership which will see the US card issuer giant co-create data products with the cloud-based firm. The move is part of Visa’s wider play to provide its users with better access to […]
May 13, 2020
Via: Banking TechnologyIt’s the first time the US banking giant has taken on crypto clients. The exchanges were approved in April as customers under the bank’s corporate and investment division, and are now starting to process transactions through the bank, per the […]
May 11, 2020
Via: Banking TechnologyThe Boston-based start-up has laid off 60 of its employees and is putting a further 16 workers on part-time contracts which run until the end of this year. Flywire, which was founded in 2009 and has a total 540 employees […]
December 12, 2019
Via: Banking TechnologyBecause the fees incurred by these elite cards are part of the cost of accepting credit cards, it’s the merchant which has to fork out to cover it rather than the consumer. The reason for the higher fees is down […]
October 9, 2019
Via: Banking TechnologyLast year DNB and Danske Bank became co-owners of the fintech. Now this joint acquisition is seeing Oslo-based DNB seek the “favoured” spot for Norway’s mobile banking app champion. “With access to every bank in Norway, DNB can now digitally […]
November 5, 2018
Via: Banking TechnologyThe new project builds on the “strategic relationship” by the two firms embarked on in 2017. It started with the integration of Billtrust’s Virtual Card Capture and Visa’s Straight Through Processing solution. “Billtrust’s BPN will further the multipronged strategy Visa […]
February 15, 2018
Via: FinextraCiti Ventures and PNC have made strategic investments in business-to-business payments and receivables software provider HighRadius. Terms were not disclosed. HighRadius operates in an area where banks and enterprises recognise that receivables management has to address the 50% of B2B […]
November 16, 2017
Via: FinextraPayStand, the B2B payment platform for the future of business, today announced a $6M Series A round led by BlueRun Ventures with participation from Cervin Ventures, Serra Ventures, TiE and Capital for Founders. “With technology advanced enough to give us […]