Rakuten France announces the launch of a completely new integrated payment solution, Club R Pay, thus becoming the first e-commerce company to offer such a system on the market. A globally integrated payment solution, Club R Pay makes it easy for the 12 million members of the Club R loyalty program to shop at more
Copper, the go-to banking app that truly teaches teens and kids about money and sets them up for future financial success, announced its expansion to Copper Investing, a teen-centric Registered Investment Advisor (RIA). Copper Investing offers accessible, automated investing portfolios for teens to learn about (and actually start) building wealth in a safe environment. Its
What is Finance & Development? F&D is the most-read magazine of the IMF. It focuses on issues related to macroeconomics, development and finance. It is editorially independent and has been authored both within and outside the Foundation. Articles are published online throughout the year, and a subset of articles appear in our quarterly print edition
Plooto, a leader in end-to-end accounts payable and accounts receivable (AP/AR) automation software for small to medium-sized businesses (SMBs), announced the closing of $20M USD ($27M CAD) in Series B funding. The all-equity round was led by Centana Growth Partners, a specialized growth equity firm that invests in the future of finance, with participation from
Tyndall Federal Credit Union returned $13.7 million of profits back to its members. The payout was given to more than 70,000 qualifying members and deposited directly into their savings accounts. Individual amounts were calculated based on participation with the credit union and ranged from $70 to $420. Over the past five years, Tyndall has given more
AD Ports Group, the world’s leading industrial, logistics and trade support company, has entered into a partnership agreement with Africa Finance Corporation (“AFC”), a leading infrastructure solutions provider. in Africa, to bridge the infrastructure gap on the continent. This agreement allows the two organizations to join forces to identify, finance, develop and invest in much-needed
Peach Finance, the leading modern lending and servicing technology platform, has announced that it has joined Mastercard’s Interactive Partner Network as a fintech enabler to help provide consumers with Consume more payment options. The partnership is currently focused on helping lenders develop buy now, pay later (BNPL) solutions leveraging the Mastercard installment program. BNPL is
Finastra research reveals that Open Banking is now seen as an important part of the banking landscape, with 99% of respondents seeing it as a “must have” or “important”, compared with 94% in 2015. last. The share of global financial institutions that consider it a “must-have” has increased to 61%, a notable increase compared to
JG Wentworth is pleased to announce that it has acquired a digital lending platform from Stilt Inc., a personal lending and financial technology company based in San Francisco. Stilt has been backed by leading venture capital firms and has raised $322 million in debt and equity to create a strong end-to-end digital lending and services
Fintech companies have been storming emerging markets for a while. In Latin America, for example, innovations have made it possible for unbanked people to access the financial services they have long awaited. And as mobile adoption has surged in recent years in Africa and Asia-Pacific, new payment solutions have emerged to serve the traditionally excluded.
OneConnect Financial Technology Limited, a leading provider of technology services to financial institutions in China, announced today that it will change the proportion of American Depositary Shares (“ADS”) that represent equities. ordinary shares from one ADS representing three ordinary shares to one ADS representing thirty shares of common stock. The rate change will take effect
InvestCloud, the global leader in financial digital transformation, today announced that Huntington National Bank has launched Advisor Connect, a branded digital experience based on Find My Advisor’s technology. InvestCloud. Huntington is a subsidiary of Huntington Bancshares Incorporated (Nasdaq: HBAN), a $179 billion regional bank holding company headquartered in Columbus, Ohio. Retirement savings, insurance worries, and
