February 20, 2024
Via: FinTech FuturesThe US bank first acquired a 48.5% stake in Viva Wallet in December 2022 in an effort to tap the European payments market, with WeRealize, led by Viva Wallet founder Haris Karonis, retaining the remaining share. However, reports have suggested […]
January 26, 2024
Via: FinTech FuturesUK asset management firm Abrdn has announced it is implementing a new “transformation programme” in a bid to streamline its operations and bring down costs, with 500 job cuts proposed. The company says the programme “targets an annualised cost reduction […]
January 9, 2024
Via: Banking Dive2024 might be the year of wait-and-see. Can we expect a resurgence in the factors that spurred the failure of several high-profile banks last year? How will regulators respond to pushback against proposed increases in capital requirements? What is the […]
December 20, 2023
Via: FinTech FuturesWith the end of 2023 on the horizon, FinTech Futures takes a look back over a year full of highs, lows, innovations, challenges, and transformative moments across the fintech landscape, featuring insights from the likes of JP Morgan Chase, Citi, […]
December 14, 2023
Via: FinTech FuturesThe European Commission recently unveiled VAT in the Digital Age (ViDA), a comprehensive proposal to reform the EU’s value added tax system. This reform includes significant changes in the scope of obligations regarding e-reporting and e-invoicing. EU Member States will […]
November 30, 2023
Via: FinTech FuturesThe equity round was led by Group 11 with participation from Upper90, Vera Equity, Slow Ventures and angel investors from other fintech companies. Founded by former employees of Microsoft, Stripe, Lyft and Tipalti in 2022, CapitalOS says its software enables […]
November 21, 2023
Via: SpiceworksExplore the evolution of payment solutions with David Sharp, EverCommerce General Manager. Discover how embedded payment options enhance customer loyalty and satisfaction. In today’s digital age, how businesses handle payments has evolved dramatically. Gone are the days when customers had […]
November 9, 2023
Via: FinTech FuturesThe proposals put forward by the US consumer finance watchdog this week specifically target nonbank companies that offer digital wallets, retail payment apps, or process more than 5 million transactions per year. Under this scope, the new regulations would only […]
October 30, 2023
Via: FinTech FuturesNamed Paze, the new service will be offered by participating financial institutions in a bid to deliver an improved payment experience for consumers shopping online and fend off the growing advances of Big Tech giants in the financial services space. […]
October 30, 2023
Via: Banking DivePresident Joe Biden is expected to sign an executive order on Monday aimed at regulating the development of artificial intelligence. The landmark order sets “new standards for AI safety and security, protects Americans’ privacy, advances equity and civil rights, stands […]
October 27, 2023
Via: Bank DirectorWell, everyone is talking about a $7 trillion opportunity in embedded finance. This colossal figure is enticing enough for several banks to hop on the bandwagon without even validating if they are truly prepared to be active competitors or if […]
Activity, Channels, Corporate Banking
October 24, 2023
Via: FinTech FuturesLaunching initially for European B2C e-commerce firms, the Paris-based fintech will provide a full-service payment platform enabled via API integrations. Its core suite will include cash-in features such as support for multiple payment acceptance capabilities and cash-out features such as […]
October 13, 2023
Via: FinTech FuturesJoining Sixth Street as part of the consortium are funds and accounts managed by the New York-headquartered investment firm KKR, investment management firm Bayview Asset Management and credit and payments company CardWorks. Investment advisor Pimco also supported the transaction through […]
Activity, Corporate Banking, Regulations
October 4, 2023
Via: Banking DiveSmall-business owners are increasingly relying on digital financial tools to help them manage spend, process payments, track payroll expenses, and handle other administrative tasks, according to the Financial Technology Association. That’s why the trade group, which represents 26 fintechs, says […]
September 7, 2023
Via: Banking DiveAs part of the hiring spree, JPMorgan’s payments division is hosting a career event this month in Athens to woo engineers and technologists interested in working for the lab. In a post on his LinkedIn page, Choulakis put out a […]
August 11, 2023
Via: FinTech FuturesRevolut confirmed this week that from 2 September, its US customers will no longer be able to place buy orders for crypto with the bank, with access due to be fully disabled from 3 October. Speaking to FinTech Futures, a […]
August 9, 2023
Via: FinTech FuturesThe company says its latest offering, SumUp Cash Advance, will help merchants in the UK finance their operations by furnishing advances of up to £20,000 based on their payment history. Merchants can then pay the advances back through payment acceptance […]
July 24, 2023
Via: FinTech FuturesThe letter says that there is currently “widespread practice of firms showing currency conversion services as have ‘zero fees’ or ‘0% commission’”, but claims this is “highly misleading when a much larger charge is embedded in the exchange rate, ranging […]
July 3, 2023
Via: FinTech FuturesThe sheer volume of data that continues to grow exponentially, coupled with the demand for real-time insights and the diversity of data sources, present formidable obstacles in integrating and utilising data resources. In this article, I will explore the complexities […]
June 1, 2023
Via: Bank DirectorCommon and current inefficiencies include relying on manual reports created in spreadsheets across multiple systems, using email or word processing to capture and document approvals and serve as a system of record and inconsistent procedures across business functions. A digital-first […]