Honeywell has announced the release of Honeywell Smart Pay, a contactless software payment solution enabling the company’s powerful mobile to become secure and compliant payment terminals, accepting contactless mobile payments from anywhere a business sells or delivers goods and services. Honeywell Smart Pay gives sales associates and service workers the ability to complete on-site payments in
Companies in the financial sector can leverage artificial intelligence to analyze and manage data from multiple sources to provide valuable insights. These innovative results help banks overcome the challenges they face on a daily basis while providing day-to-day services such as loan management or payment processing. Let’s now look at some AI-driven FinTech innovation use
In today’s tough economic climate, it is certain that clients are looking for ways to minimize their costs whenever possible in the face of the increasing cost of living. Banks have a key role to play in supporting consumers and especially the most vulnerable who are struggling to pay for basic necessities like rent, energy
PayZen, the fintech company tackling healthcare affordability with personalized, no-cost patient financing solutions, has raised a $220 million growth round to strengthen its leadership position as it pioneers the new category of Affordability Financing. The round is composed of $20 million in equity financing and a $200 million credit facility. The oversubscribed equity component was
ZSuite Tech, a financial technology company that powers financial institutions with unbound digital accounts encompassing escrow, sub-accounting, sub-ledgering, FBO, and trust accounts for commercial customers, announced it has finalized its $11 million Series A funding round. This round was completed by the Independent Community Bankers of America (ICBA) and BankTech Ventures, LP (BTV). Led by ICBA,
Synovus announced the introduction of Synovus Accelerate FX, an end-to-end, innovative FX solution to drive the expansion of international banking services. Synovus Accelerate FX provides foreign exchange payments and trading services with convenient access and management through the Synovus Gateway commercial banking portal. Synovus Accelerate FX is supported by Finzly, a FinTech provider of modern banking
Fabrick, an international Open Finance provider, and Reale Group, a leading European insurance group, are delighted to announce a new partnership. This partnership will help optimise insurance premium payments whilst also making Fabrick’s Open Finance platform available to a network of more than 700 Reale Mutua and Italiana Assicurazioni agencies, as well as to Blue
In response to suggestions made in a significant national bereavement report, Starling Bank has moved quickly to make life easier for those who have experienced a loss. The end-of-life admin service Settld and the digital bank have announced a new strategic partnership that will simplify account administration for those managing a deceased customer’s affairs. With
The Canadian fintech company Nuvei Corporation today announces the release of Nuvei for Platforms, a global payments solution. Businesses can integrate payments into their own platforms using the fully customizable product as either a Nuvei branded or white-label offering. It has been created to meet the payment needs of big fintech companies, banks, marketplaces, and
Michael Barr, the Federal Reserve’s top regulatory official, said Monday the U.S. central bank is watching for any stresses to the financial system amid a weakening economy, and signaled that stiffer oversight of cryptocurrency is in the offing. The Fed “will be heightening its focus on liquidity, credit, and interest-rate risks as supervised institutions manage
A new cross-border payments solution, Brightwell’s ReadyRemit *, powered by The Bancorp Bank, N.A., and Mastercard’s Cross-Border Services, was just unveiled by Atlanta-based Brightwell, a provider of global payments technology. ReadyRemit provides a user-friendly, cross-border payments solution with compliance capabilities, enabling fintechs, enterprises, and programme administrators to improve revenue and loyalty. When possible, the partnership
As the industry awaits an update on the UK’s New Payments Architecture (NPA), Finastra is committed to the timely development and roll-out of the functionality required to support readiness for its customers. Finastra’s cloud-based payments technology and collaboration with new and established bank and technology partners, such as Microsoft, will support banks’ full compliance with
