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
FIS, a global financial services technology company, has announced that it has entered into an agreement to sell a majority stake in its Worldpay Merchant Solutions business to private equity funds managed by GTCR in a transaction that valued Worldpay at $18.5 billion. The agreement will allow for more centralized management and simplified operations for
Marqueta, a global card issuance platform, has announced an expansion into Brazil. The company cooperates with Latin American banking platform Fitbank and certifies the network with Visa As part of Marqeta’s partnership with Fitbank, the company will be a Marqeta customer, use it as a payment processor, and will act as a BIN sponsor for
Citi has announced the launch of a new platform, CitiDirect® Commercial Banking, specifically to address the needs of Citi Commercial Bank (CCB) clients. This is part of Citi’s significant strategic investment plan to meet the growing global needs of these clients by delivering a single-entry point digital platform. CitiDirect® Commercial Banking brings together Citi’s global
Francisco Partners, a leading global investment firm specializing in partnerships with technology companies, today announced the acquisition of Macrobond, a leading financial data and technology innovation company, from Nordic Capital, one of Europe’s leading private equity investors. Macrobond founder Tomas Liljeborg will continue as chief executive officer and remain an important shareholder of the company.
Mastercard is fighting fraudsters with its AI-powered ‘Consumer Fraud Risk’ solution, now available in the UK. Leveraging Mastercard’s artificial intelligence capabilities and a network view of account-to-account payments, it helps banks predict and prevent fraudulent payments of any kind. In partnership with nine UK banks, including Lloyds Bank, Halifax, Bank of Scotland, NatWest, Monzo and
Visa announced that it has partnered with SAP to streamline and simplify business-to-business (B2B) payments for businesses. The Asia-Pacific-focused partnership marks the first time Visa and SAP have teamed up to offer a way to integrate payments into the SAP ecosystem through the SAP Business Technology Platform (SAP BTP). . This partnership sets the stage
Chapa, a payment solutions provider in Ethiopia, has announced a partnership with Telegram to enable merchants using Telegram to seamlessly accept payments from customers, including financial and digital payments. digital in Ethiopia. Chapa’s integration with Telegram’s bot ecosystem allows merchants to accept payments without requiring customers to leave the app. Whether it’s mobile money, bank
Dubai-based technology startup Alfii has announced an upfront funding of $2.5 million to expand its team and further expand its FinTech-based HR automation platform. The round was led by Preface Ventures, a venture capital firm focused on US-based infrastructure companies. Kayan Ventures, UAE-based Aditum Ventures and Wayfinders, and a number of local and regional angel
TransUnion and NatWest Group have expanded their existing partnership to introduce Know Your Credit – a retail banking credit reporting service to all eligible UK consumers. The new service builds on the bank’s existing engine, which has seen over five million NatWest and Royal Bank of Scotland customers access their TransUnion credit scores through the
Resistant AI, a RiskTech company specializing in artificial intelligence (AI) and machine learning, has expanded its Series A funding to $27.6 million, after raising an additional $11 million in investment la from Notion Capital. This is in addition to existing funding from investors such as GV, Index Ventures, Credo Ventures and Seedcamp. The new investment
mBank signed an agreement with KUKE, thanks to which the bank’s offer will be enriched with loans for exporters to strengthen their production potential and using payment insurance guarantees. They secure the bank up to 80 percent. financing granted for the investment carried out in Poland. – Cooperation with KUKE allows our customers to develop. Guarantees allow
