Gemini, a cryptocurrency exchange, has partnered with Plaid, open banking, and payments platform, to provide UK consumers the opportunity to purchase cryptocurrency using their bank accounts. The action emphasizes the growing prominence of cryptocurrencies in the financial ecosystem and encourages more everyday customers to diversify their holdings in digital assets. Customers won’t need to submit
Bank of America, BNY Mellon, and Citi announced a $20 million investment in Genesis Global, the low-code application development platform created specifically for companies in the financial markets. Following the company’s $200 million Series C funding announced in February, several key investments were made. “This strategic support from Bank of America, BNY Mellon and Citi
In order to advance digitalization across Global Transaction Banking services, Santander Corporate and Investment Banking (Santander CIB) and SAP Spain have formed a strategic partnership. The two companies will work together to develop solutions around the idea of invisible banking, enhance client-to-bank connectivity, offer financial tools to help their clients worldwide navigate supply chain disruptions,
$40 million Series B fundraising round headed by Valar Ventures, the London-based social and community-based investing app Shares is eyeing European expansion and a move into cryptocurrency. Two months after the app’s UK launch, the round, which brought Shares’ total funding to $90 million in just over a year, was announced. The startup’s software, which
The largest international bank in the UK, Barclays, has closed a long-running negotiation with investors in the round that had been postponed since November by investing in cryptocurrency custody startup Copper’s most recent round. This brings to an end a delay of more than nine months for Copper’s $500 million Series C investment round, for
SumUp, the financial partner for over 4 million small businesses worldwide, today announced the launch of SumUp Magic Pay, a QR code payment solution for the hospitality sector. After the epidemic, guest behavior in the hospitality industry changed. As the market gradually began to open again, it became clear that we had become accustomed to scanning
One of the top points of sale finance companies in the UK, Novuna Consumer Finance, and UK-based checkout finance platform provider Divido have partnered to allow retailers to offer their consumers affordable white-labeled financing. The collaboration combines the 40+ years of retail finance experience of Novuna Consumer Finance with the distinguished technology of Divido. With
A leader in global Fintech, Broadridge Financial Solutions, Inc., has won the Systems in The City Award for Best Global Proxy Voting Service for 2022. The financial services consultant business Goodacre, a renowned top service and technology provider to the regulated financial community in the UK, is the organization hosting the awards. The award recognized
The Italian financial regulator has given cryptocurrency company Coinbase permission to operate as a provider of services for crypto assets. In response to the market’s explosive expansion, the Organismo Agenti e Mediatori established new standards for all businesses providing custody, trading, and other services for cryptocurrencies. “The company was proud to be among the first
Ramp is a finance automation platform that offers a range of capabilities, including cards and expenses, bills, and accounting, to help organizations save time and money. Ramp is currently America’s fastest-growing corporate card, and Stripe Issuing powers its financial services. Ramp sought to improve the corporate card experience for organisations of all kinds, offering quick
Finastra and HSBC announced that they are working together to distribute HSBC’s FX services via Finastra’s FusionFabric.cloud platform under a Banking as a Service (BaaS) experience. This collaboration will take advantage of the best elements of modern API-driven connectivity with licensed institutions’ secure, regulated infrastructure. The first phase of the rollout will provide indicative and executable FX rates to regional
viafintech, part of the payments platform Paysafe, announces a new partnership with Spanish food retail group, Grupo IFA. The two companies will provide consumers with easier access to cash services by enabling cash withdrawals and deposits at grocery stores across Spain. Through the partnership, viafintech’s barcode deposit and withdrawal solution, viacash, will be available across a
