Mastercard has certified NymCard, a plug-and-play banking-as-a-service (BaaS) provider, as a Principal Mastercard Issuer in the UAE. The milestone announcement marks the first time a FinTech in the UAE is licensed to issue cards by Mastercard. The license from Mastercard enables NymCard to become the UAE’s one-stop provider for FinTechs and digital partners, removing the need
KBC is the first financial institution in Europe to roll out its own digital coin based on blockchain technology, Kate Coin. The launch of the e-money token comes a year and a half after the Belgian bank’s launch of Kate, a personal digital assistant for mobile and online banking. Customers will be able to acquire
Commonwealth Bank of Australia (CBA) has selected SaaS cloud banking platform Mambu as the technology foundation of its next-gen digital mortgage brand, Unloan. Unloan is set to be a revolutionary force in the Australian mortgage industry, with the new offering able to provide loan refinancing applications in as little as 10 minutes and a discount that increases
Flip, Indonesia’s consumer payments platform, announced a second close of a Series B funding round led by Tencent, with participation from Block, Inc. and existing investor Insight Partners. A number of eminently experienced operators participated meaningfully in this extension round, including Guillaume Pousaz, Founder & CEO of Checkout.com, through Zinal Growth; Gokul Rajaram, Executive at
Certegy, an ACH payments and risk management company, announced a new collaboration with Trust Payments, the disruptive leader in FinTech specializing in frictionless commerce and value-added services, that will bring Certegy’s white label Buy Now, Pay Later (BNPL) and BankPay offerings together with Trust Payments’ eCommerce and payment solutions to their combined merchants across the US.
SurePay, the Confirmation of Payee provider, announced that it had supported Virgin Money by implementing its UK Confirmation of Payee solution to protect consumers against fraud and misdirected online payments. “SurePay’s aim is to make online payments safer and easier to use for the benefit of our clients and their customers. Ensuring best-in-class fraud prevention
Atomic, the market-leading payroll connectivity solution, and Bond Financial Technologies Inc., the leading embedded finance company, announced the deepening of their existing partnership with the launch of Atomic’s Repay product, which allows customers to embed repayment of financial obligations over time directly from their paycheck. Repay allows consumers to make recurring payments, such as breaking
Unblu Corp., the modern conversational platform for financial institutions, today announced its integration with Q2’s digital banking platform. Q2 Holdings, Inc. (NYSE: QTWO) is a leading provider of digital transformation solutions for banking and lending. Through the integration, via Q2’s Partner Accelerator Program, part of the Q2 Innovation Studio, Unblu is now making its conversational
Revolut is using payment initiation services (PIS) technology from open banking player Tink to let users across Europe seamlessly move money into their accounts. Tink’s PIS technology enables users to connect to the bank account they want to move money from, and instantaneously authorize and complete the payment without leaving the Revolut app. “We are
Westpac is collating data from millions of daily credit card transactions to provide key business insights to client firms. Westpac says the new package, dubbed DataX, will enable faster, data-backed decision-making for its most prominent clients. DataX uses de-identified credit card data from more than six million daily card transactions to inform firms of market
Mascoma Bank, a $2.6 billion mutual bank and Certified B-Corporation serving Northern New England, announced today that it has partnered with Upstart, a leading artificial intelligence (AI) lending platform, to offer AI-powered personal loans to more people. “As Mascoma Bank expands the ways to best serve Northern New England, the partnership with Upstart allows us
Bexs Pay, a pioneer in cross-border transactions, has just sealed yet another partnership to provide Brazilians with easier access to international products and services. Bexs Pay will, from now on, be responsible for transactions using NuPay, Nubank’s online e-commerce payments solution. This means Bexs Pay will be intermediating payments for Nubank’s 54 million customers. Bexs
