e& (formerly Etisalat Group) recently announced that eWallet is undergoing a major transformation into a new FinTech company called e& money. As the FinTech arm of e& life (one of the specialist business pillars of e&), e& money aims to revolutionize the customer experience through its innovative financial super app marketplace. The announcement builds on the
Alerus Financial Corporation recently announced it has completed the previously announced acquisition of MPB BHC, Inc., the bank holding company for Metro Phoenix Bank. Founded in 2007, Metro Phoenix Bank is the largest full-service community bank headquartered in Phoenix, with approximately $453 million in total assets, $280 million in total loans, and $402 million in total
Derivative Path, a leading provider of capital markets technology and derivatives execution services to regional and community banks, announced it is collaborating with Goldman Sachs Transaction Banking (TxB) to offer an automated, digital-first payments platform to help financial institutions with spot foreign exchange and international payments. Using TxB’s API-based platform, Derivative Path clients can now provide a
Synch Payments, the Irish instant mobile payments provider, has agreed with the European PayTech Nexi as its platform and service provider to help bring the Synch proposition to Irish customers and merchants. Synch recently secured authorization from the Competition and Consumer Protection Commission (CCPC), clearing it to trade and paving the way for the company to
PaySky, a digital payment solutions provider launches Yalla Card and Super App in the United Arab Emirates, in partnership with its strategic partner Visa. The super app will offer a wide range of digital payment solutions to facilitate financial and non-financial services for the UAE residents, during the third quarter of the current year 2022. PaySky is
International students at the University of Toronto can now make purchases in campus bookstores more easily by paying in foreign currency. The University of Toronto (UofT) Bookstore and leading payment service provider, OTT Pay, recently announced the launch of online payment options for students to pay in Chinese yuan, broadening a partnership to streamline campus shopping.
Lokyata, a company focused on delivering products that digitize, automate, and scale lenders’ credit decisions, announced that its real-time, automated credit decisioning tool, BankAnalyze, is now integrated with Infinity Software’s loan management software platform. Infinity Software has been providing software solutions to direct-to-consumer lenders for 20 years and has enabled over 700 businesses to centralize their
TransUnion, a global information and insights company, is empowering customers of Lloyds Bank to look after their credit health with free access to their TransUnion credit score via an interactive dashboard. The Lloyds Bank ‘Your Credit Score’ service, which uses TransUnion’s Consumer Platform, is filling a clear demand – with almost one million of the bank’s customers checking their
Hokodo has announced a successful Series B funding round, securing $40 million in equity less than a year after their Series A fundraise. The funding, which comes from a significant debt raise earlier this year, will power the digital trade credit provider’s expansion into new European markets and the development of new products. Led by Notion
Nium, the global platform for the modern money movement, and the Stellar Development Foundation (SDF), a non-profit organization that supports the development and growth of the open-source public blockchain Stellar, today announced a partnership to enable payouts to 190 countries. Businesses can now facilitate fiat payouts to 190 countries on Stellar, a network purpose-built for
Credit Karma Money™, a single destination within Credit Karma for spending1 and saving2, today announced the launch of cash back rewards, giving its more than 110 million members in the U.S. the chance to earn cash back when they spend money at certain merchants using their Credit Karma Visa® debit card.3 This experience, powered by
Enfuce, one of the fastest-growing fintechs in Europe, has chosen Konsentus Verify to protect its customers from unauthorized or fraudulent third parties gaining access to valuable account data and funds. Enfuce provides a modern, flexible, scalable, open banking service that is both safe and compliant. Their embedded payment experience seamlessly delivers the features and products
