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
Embedded banking provider ClearBank Ltd generated £45.4 million in revenue in YTD to October 2022, reaching monthly profitability for the UK-based bank. When compared to the same period in 2021, FinTech’s revenue has nearly tripled. Increased transaction volumes, new client sales, interest revenue, and the expansion of its FX and multicurrency proposition are all contributing factors to
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,
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
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
Payhawk, the spend management solution with a presence across the UK and Europe, has officially launched in the US. The unicorn has opened an office in New York and is introducing a US credit card to support companies with multiple offices across the UK, Europe, and the US. The US launch is a key part of Payhawk’s
London-headquartered Northzone has announced that its newest fund has raised in excess of €1 billion. Not only is this the firm’s largest raise to date, but one of the biggest venture capital refuelings across the European ecosystem. While the VC arms race of 2021 might be a once-in-a-lifetime occurrence, Northzone is still forging ahead, this time
The day after it emerged that a funding round for Freetrade fell apart earlier this year, the UK stock trading app has gone back to the public with another crowdfunding campaign. According to a letter obtained by the Financial Times, Freetrade inked term sheets with new investors some months ago to raise capital at a £700 million
