Trending News Archives - Page 2 of 41

NMI acquires Sphere’s commercial division to expand underwriting capabilities

NMI, a wholly owned commerce enablement technology company, has acquired the commerce division of payments software and technology company Sphere. The acquisition will strengthen NMI’s underwriting and risk management capabilities and enable NMI’s partners, including independent software vendors, independent sales organizations and FinTech innovation, creating merchant accounts within the existing NMI platform. “The addition of

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Moniepoint enters Nigeria’s personal banking market

Moniepoint Microfinance Bank, a business banking platform in Nigeria, has announced plans to enter the personal banking market by launching a consumer and debit card app. Moniepoint Microfinance Bank, another subsidiary of Moniepoint Inc., will extend its trusted banking infrastructure from the businesses it serves to its customers and employees. Millions of people will benefit

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TerraPay Group Expands Business Operations in Italy and Sets Sights on European Union

TerraPay, a leading global payments infrastructure company, today announced that it has secured authorization as an Electronic Money Institution (EMI) in Italy. Having obtained approval from the Bank of Italy, TerraPay is set to expand its operations within the country and subsequently, throughout the European Union. Under Article 114-quinquies Consolidated Banking Act (TUB), the Bank

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NCR expands ATM network to Portugal

Business technology provider NCR has expanded its Cashzone-branded ATM network in Portugal. To date, more than 100 Cashzone-branded ATMs have been installed in Portugal, giving consumers, including those visiting the country, easier access to cash. NCR is one of the largest independent ATM operators in the world and their Cashzone brand is present in the

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888 selects Nuvei to boost its payment experience in the US

Nuvei Corporation, a Canadian FinTech company, has been selected by 888, the global operator of iGaming, to build local card and payment method acquisition capabilities. 888 leverages Nuvei’s technology platform, broad accessibility, instant interbank payments and in-depth knowledge of the curated iGaming market to maximize payment acceptance and maximize payments. Optimize risk management. In addition

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Hong Kong based FinTech platform Micro Connect raises $458m in Series C funding

Micro Connect, Hong Kong-based FinTech Platform, Micro Connect, Financial Services, FinTech, China, MSMEs, SMEs, Retail, Series C Funding, MCEX, Healthcare Management, Exchange Platform Exchange, Online Trading, Financial Solutions, Digital Finance, Hong Kong has announced that it has raised $458 million in a Series C funding round, with extensive participation from multiple home groups. new and

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Banco Santander, BBVA & CaixaBank join forces to fight financial fraud

Banco Santander, BBVA and CaixaBank have teamed up to combat financial fraud, one of the biggest challenges in banking. Banks are working on tools to exchange vital information and data to help prevent financial crime. They founded FrauDfense, a company that will bring together banks’ anti-fraud initiatives. FrauDfense has been presented to the competent regulatory

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Hub71 & Wio Bank partner to streamline banking for startups in Abu Dhabi

Hub71, a global technology ecosystem in Abu Dhabi, and Wio Bank PJSC have announced a strategic partnership to transform the banking experience for startup founders in the capital. Partnership to improve bank account processes for SMEs; Wio becomes Hub71’s official banking partner, enabling startup founders to benefit from commercialization opportunities and professional mentoring to drive

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Unlimit to boost inDrive expansion with global payment solution

Unlimit, a global FinTech company, has announced a partnership with inDrive, the growing online car sharing service in the United States. Under the partnership, inDrive will leverage Unlimit’s proprietary payments infrastructure to continue its global expansion with local payment solutions in new markets, including local currency payment processing and through secure payment methods. Unlimited provides

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TerraPay partners with Safaricom to enhance cross-border payments

TerraPay, a global payments infrastructure company, has partnered with Safaricom, a financial services, IT and telecommunications provider based in Kenya. TerraPay Group company Mobex (Kenya), a remittance service provider, will enable over 30 million M-PESA mobile wallet owners in Kenya to send real-time payments through TerraPay’s interoperable network to all wallets in Bangladesh and Pakistan,

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FNZ launches FNZ Yield Plus cash alternative solution for investors

FNZ, the global wealth management platform, has launched FNZ Yield Plus Notes to offer professional investors such as corporates, pension funds, banks, insurers, asset managers and other institutional investors a low-risk cash alternative and strengthens its global proposition. The FNZ Yield Plus bond offers investors a higher yield than an equivalent rated government bond of

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Global Payments Leader, Convera Chooses Temenos to Modernize Payments in the Cloud

Temenos announced that Convera, the largest non-bank global B2B payments provider, has selected Temenos Payments Hub running in the Temenos Cloud to modernize its payments infrastructure. The move to Temenos Software-as-a-Service (SaaS) will help Convera to drive efficiency in payment processing from inbound funding to outbound disbursements and massively scale with the aim to double

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