Tag: PayTech

January 23, 2024

The Gouda-headquartered payments provider says it will apply the funding to further the uptake of its BNPL solution among web-based sellers in the Netherlands, Luxembourg and Belgium, as well as lay the groundwork for its eventual entry into the neighbouring […]

January 19, 2024

The importance of remittances and cross-border payments cannot be understated in Africa. According to the World Bank, remittance flows to sub-Saharan Africa are expected to have increased by about 1.9 per cent in 2023 to $54billion. Onafriq selected Alviere for […]

January 18, 2024

Discover said in November it was exploring a sale of its student loan portfolio and transferring servicing of that portfolio to a third-party servicer. The company, facing multiple compliance-related issues recently, has run into regulatory scrutiny over its student loan […]

January 18, 2024

The European Union has reached a provisional deal to improve how national authorities collaborate to combat money laundering. It’s worth noting that the new deal aims to combat money laundering in the cryptocurrency and luxury sectors. Following negotiations that concluded […]

January 17, 2024

“Today, AI is being utilised by both criminals – who are using it as new ways to defraud customers – and institutions, who are using it to stay ahead of fraudsters and defend their customers,” said Vatsa Narasimha, CEO of […]

January 16, 2024

Cloud-based retail solutions provider Tulip has announced the launch of Tulip Pay to support in-person retail transactions. Tulip Pay is a self-contained payment system powered by Stripe, a business financial infrastructure platform designed to be simple and quick to deploy, […]

January 16, 2024

“It’s telling that a significant proportion of fraudsters think retailers themselves enable the practice. “Retailers must strike a delicate balance between facilitating sales and minimising fraud risks, but it’s clear from our findings that many don’t get it right. One […]

January 11, 2024

Traditional payment methods such as cash are declining in popularity among all age groups. emerchantpay’s Global Payments Outlook revealed Europeans are showing a growing interest in other payment methods. Several European countries are making promising strides towards digital payment adoption. […]

January 9, 2024

BitPay, a leading cryptocurrency payment service provider, has expanded its digital currency offerings, enabling transactions with several new cryptocurrencies at high-end retailers. The company now supports Uniswap (UNI), Chainlink (LINK), Binance Coin (BNB), and Basic Attention Token (BAT (LON:BATS)), alongside […]

January 9, 2024

Having already explored AI trend predictions for 2024, the evolution of generative AI and how much AI could impact the fintech and finance industry, we now turn our attention to individual fintech firms. How should firms be utilising AI in […]

January 9, 2024

It is well known that the propensity to pay is inextricably linked to the convenience of payment. Card payments offer payers convenience, but being subject to high fees, slow settlement times and chargebacks remain unattractive to B2B merchants, often operating […]

January 8, 2024

Financial terms of both the acquisitions were not disclosed. Jobox, founded in 2016 and based in Florida, operates a mobile app that enables home service professionals across the US to book jobs and manage their businesses from their phones and […]

January 4, 2024

The United States witnessed a significant surge in bankruptcy filings in 2023, with an overall increase of 18%, according to Reuters. This upswing has been largely attributed to the confluence of several economic factors, primarily post-pandemic economic changes and rising […]

January 3, 2024

Founded in 2010 and based in New York, OpenTransact offers a Software-as-a-Service (SaaS) platform that facilitates payments and provides risk management solutions for high-risk industries such as CBD and gaming. Compatible with cryptocurrency, ACH, debit and credit card-based payments, the […]

December 28, 2023

Some 10 years ago, EU lawmakers started to take issue with the stale world of payments, which had seen little innovation since the introduction of credit cards. The position of banks, payment processors and credit card companies was so entrenched […]

December 28, 2023

Trade credit insurance provider Allianz Trade, B2B e-commerce payments platform Two and Santander Corporate & Investment Banking (CIB) teamed up in January to offer the first global B2B buy now, pay later (BNPL) solution for corporates. The solution enables corporates […]

December 27, 2023

At its core, credit risk assessment is the process used by banks and financial institutions to evaluate the likelihood of a borrower defaulting on their obligations. This assessment is critical in the decision-making process for extending credit, setting loan terms, […]

December 20, 2023

With the end of 2023 on the horizon, FinTech Futures takes a look back over a year full of highs, lows, innovations, challenges, and transformative moments across the fintech landscape, featuring insights from the likes of JP Morgan Chase, Citi, […]

December 18, 2023

Through the partnership, InvesTex Credit Union says all its members will have access to Bankjoy’s digital banking platform, armed with a suite of digital and mobile banking features including online account opening and integrated loan applications. Bankjoy says its platform […]

December 18, 2023

Founded in 1910, the family-owned bank provides commercial, retail and business banking services across the states of Missouri, California and Illinois, while also offering mortgage services in Kansas. It is now leveraging its partnership with Backbase, a Dutch provider of […]