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
UK-based Mypinpad, a secure mobile trading software solutions company, has raised $13 million in a round led by Crossfin Holdings. This investment will accelerate the expansion of the SaaS offering and open the door to relationships with other Crossfin investment firms. Currently operating in 20 markets, Mypinpad offers B2B SaaS solutions for making secure payments
After receiving respective approval certificates from EPC1, CaixaBank and Iberpay announced that their respective payment technology platforms are ready to launch, from June 22, First SEPA Payment Request in Europe. At the same time, CaixaBank, which has become the first bank in Europe to receive a Payment Claims approval certificate from the EPC, is about
FIA Tech, a leading futures industry technology provider, announced that it raised an additional $25.4 million in a funding round led by six existing shareholders, Bank of America, Barclays, Citi, Goldman Sachs, J.P. Morgan and Wells Fargo, in addition to BNP Paribas. As a result, BNP Paribas joins FIA Tech’s ownership consortium and will serve
Allfunds Tech Solutions, the bespoke digital solutions arm of Allfunds specializing in harnessing the power of digital transformation for clients across the financial services industry, today announces a new partnership with UniCredit, the pan-European commercial bank. The partnership will leverage Allfunds Tech Solutions digital capabilities to facilitate UniCredit’s transformation program to further streamline its systems
What is IoT? A digital network of Internet-connected “things” that continuously share data and generate actions. It will have and is already beginning to have, a disruptive impact on the world around us through smart home technology. These “things” are everyday household items such as kitchen appliances such as refrigerators and ovens, car dashboards, smart
The payments industry was once dominated by a handful of giants, but now sees near-constant market entry by fintech companies, each offering disruptive thinking and technology. new technology in this field. This means an innovative mindset must become the norm for any brand looking to influence payments. As we’ve seen in retail, media and banking,
Anyfin, a Swedish startup that offers refinancing of consumer loans and credit card debt using a combination of artificial intelligence and snapshots of current statements and payment terms. debt pocketed $30 million in a Series C funding round led by existing investor Northzone. Launched in November 2017, Anyfin founders Filip Polhem, Mikael Hussain and Sven
HES Fintech, a leading smart lending platform provider, today announced a partnership with Acquired.com, a payments specialist and payment initiation service provider based in the UK. The UK, through which lenders using HES will be able to take advantage of a sophisticated payment solution designed to enable fast loan disbursements and transparent borrower-centric methods of
Younger generations are demanding accessible digital banking services from their providers. They turn to neobanks and fintech unicorns like Robinhood to do their banking, payments, and investments. Neobanks, the bank in which all their services are online and accessible digitally, and the fintech unicorn, the startup that has reached a valuation of $1 billion, are
FinTech is a rapidly growing industry that has redefined collaboration between financial services as well as the latest technologies. Banks that are currently using FinTech for their long-term prospects can see successful developments and increased competitiveness in all areas. According to a recent report, the Global FinTech Market is valued at $194.1 billion in 2022
