Finastra Introduces Compliance-as-a-Service for Banks Looking to Integrate Real-Time Payments
Finastra, a global provider of financial software applications and marketplaces, has launched its new payment solution, Finastra Compliance as a Service on Microsoft Azure. The service includes Fincom‘s real-time AML (anti-money laundering) transaction screening and ThetaRay‘s AI-powered transaction monitoring as a pre-integrated packaged solution with Finastra Payments To Go. The end-to-end solution enables US and European banks to […]
Gen Z Wish They Had Greater Financial Education as UK Spending Habits Evolve
Research on the UK’s attitude towards finance shows that many are reserved when it comes to their finances. Pay.UK has found that 55 per cent of 18-24 year olds do not feel confident about managing their money. This could be one reason Gatehouse Bank has found 34 per cent of UK adults now view themselves […]
UK Government Announces £1billion Has Been Lent to Startups: 12% Sent to North West Startups
The UK government has handed £1billion out to small firms via its start up loans scheme. The programme was created to help entrepreneurs start and scale up their businesses. It has now provided funding to over 100,000 businesses across the country. Delivered through the state-owned British Business Bank, the start up loan scheme was developed […]
LuLu Money Singapore and Endava Collaborate to Launch Cross-Border Payments Platform
LuLu Money Singapore, a subsidiary of LuLu Financial Holdings in Abu Dhabi, has joined forces with global digital transformation provider Endava to introduce Digit9, a cross-border payments platform designed to streamline transactions for a wide range of financial institutions. Digit9, designed as a remittance-as-a-service (RaaS) product, represents a tech-enabled platform with the aim of fostering […]
Nagad Combats Female Customer Harassment with Virtual Card Number Service
Nagad, the mobile financial service based in Bangladesh, has introduced an in-built virtual card number that allows its users to enjoy all services even after hiding their mobile numbers. The aim of this feature is to tackle harassment faced by female customers over the phone. Additionally, it will safeguard their privacy. In Bangladesh, women have […]
Nelo and Paymentology Tackle 40% of Financially Excluded Mexicans With Partnership
Nelo, the consumer payments platform in Mexico, is partnering with Paymentology, the global issuer-processor, as it launches its physical cards. Its also includes partial biweekly repayments. This partnership will also support Nelo’s Mastercard in-person payments via Billetera de Google in Mexico. As a result, customers to settle their entire balance or opt for financing specific […]
Debit and Credit Cards Remain King as UK Finance Reveals UK Payment Preferences
Cash and card (debit and credit) have been a constant staple of the payments market. However, the emergence of technology has seen other payment forms enter the limelight. Mobile banking, buy now pay later (BNPL) and mobile wallets are just some examples highlighted by UK Finance, the banking and financial industry voice, in its latest […]
Visa and Currencycloud Join Forces to Enhance International Financial Transactions
Visa and Currencycloud have introduced Visa Cross-Border Solutions, a platform designed to simplify cross-border money transfers for financial institutions such as banks, fintech companies, foreign exchange (FX) brokers, corporations, and other payment providers. The platform aims to streamline international financial transactions with a focus on user experience. Visa Cross-Border Solutions merges Visa’s existing cross-border and […]
This Week in Fintech: TFT Bi-Weekly News Roundup 14/09
Welcome to The Fintech Times Bi-Weekly News Roundup on Thursday 14 September 2023! Funding and investments French fintech Fipto has raised €15million in seed funding. It will use the funding to accelerate its platform that enables companies to manage their corporate treasury and make international payments in fiat and digital currencies using blockchain technology. This funding […]
SMEs Provided With More Ways to Pay Vendors Across the Globe With Mastercard Paysend Partnership
Mastercard, the global payment processor and Paysend, a UK-based fintech, have expanded their collaboration to enhance cross-border payments for small and medium enterprises (SMEs). This comes as SMEs are increasingly looking for ways to send money or pay vendors across the globe quickly and securely. Digital payments are seeing strong growth with two-thirds of SMEs […]
