With two consecutive quarters of negative growth, we are by definition in a recession. The next question is, will it be light or heavy? While signs are currently pointing to a mild recession and a “light landing,” which is the ideal outcome, the advertising industry has taken a hit. Regardless of what we’re going through,
In terms of innovation, consumer-to-business (C2B) and consumer-to-consumer (C2C) payment technologies are currently leading the way against business-to-business (B2B) alternatives. For example, PayPal payments can be made in real-time, while business-to-business payments can take days or even weeks. While protracted payments mostly occur when steps are taken to ensure the safety of all parties, many
Fiserv, Inc., a leading global provider of payment and financial services technology solutions, today introduced a new fraud mitigation solution designed to simplify the way large enterprises manage multichannel risk management. Accessible through the global trading platform Carat, the modular solution provides traders with controls that can be customized to their risk appetite, as well
Weavr, the London-based startup that allows businesses to integrate banking and payments into their mobile apps or SaaS platforms, has acquired open banking B2B platform, Comma Payments. With Comma, Weavr claims to have become the first integrated finance provider to combine Banking as a Service (BaaS) and Open Banking in one integrated payments solution for
Northern Trust announced today that UK asset manager Redwheel is now using its data aggregator, developed by strategic partner, Equity Data Science, Inc., to improve the ability to integrate ESG in its investment activities. Founded in 2000 and formerly known as RWC Partners, Redwheel currently manages approximately US$19 billion for its clients. The data aggregator
Starling Bank has chosen Barings’ Landmark in Manchester to locate its new office in the North. The digital bank intends to create up to 1,000 new jobs for the region to fill roles across the enterprise, including operations, engineering, data science and cybersecurity. The digital lender, which now has 2,500 employees in London, Cardiff, Southampton
European FinTech citizens have chosen an integrated financial infrastructure provider, OpenPayd, as their real-time payment service provider. The partnership will provide Citizen customer end users with a simplified payment experience through OpenPayd’s BaaS platform, which provides plug-and-play banking and payment infrastructure through a single platform. Unique API. Founded by James Neville, former Worldpay CTO, James
Allianz Trade is about to acquire from Banco BPI a 50% stake in Cosec, a Portuguese trade credit insurer. Allianz Trade already owns 50% of Cosec and after the transaction will own 100% of the company. Founded in 1969, Cosec (Companhia de Seguro de Créditos, S.A) specializes in commercial credit insurance. The company became a
Revolut, the global financial super app with over 20 million retail customers, today launched Revolut Pay – a new secure online payment feature enabling merchants across the UK and EEA to showcase ” Revolut Pay” as a payment method on product, cart and checkout page. Revolut Pay aims to disrupt the payment ecosystem by making
Western Union and Beforepay today announced an unprecedented partnership that will enable consumers to enhance cross-border remittances with access to affordable, ethical, and reliable short-term loans. Consumers can “send now, pay later” by borrowing up to A$2,000 through Beforepay’s payday advance product on Western Union’s digital channels. Exclusive information from Western Union research shows that
The Citi Foundation announced the first-ever Global Innovation Challenge to help scale the impact of nonprofits around the world developing innovative solutions to improve food security. This first challenge will provide a total of $25 million to 50 organizations to support piloting or scaling up ideas and projects designed to address this issue and strengthen
IDT Corporation, a global provider of financial technology, cloud media and traditional media services, today announced the launch of its prepaid cloud platform as a service, Zendit. Zendit will be showcased at Mobile World Congress 2023 (MWC) in Barcelona, Spain, from February 27 to March 2. With the Zendit platform, businesses of all sizes, entrepreneurs
