Payment Processing Leader VizyPay Acquires Competitor Echo Daily to Accelerate Growth
Apr01

Payment Processing Leader VizyPay Acquires Competitor Echo Daily to Accelerate Growth

 VizyPay, a leading payment processing solutions company operating in all 50 states, today announced it has acquired long-term competitor Echo Daily, a Nevada-based point-of-sale and payment solutions company. Through this deal, VizyPay will accelerate its company growth by gaining key employees that strengthen the sales and customer and tech support departments, opening a second office location and acquiring proprietary technologies...

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Paysafecash launches in Latvia to enable online cash purchases
Apr01

Paysafecash launches in Latvia to enable online cash purchases

Leading specialised payments platform, Paysafe, launches Paysafecash in Latvia today as a new secure and easy way to pay for online purchases in virtually any area of the retail space. Now available in 26 countries, Paysafecash is designed for consumers who do not have a bank account or credit card ─ or who do not want to disclose sensitive financial data on the internet. It is easy for consumers to use: The customer selects...

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RBS announces decisions on dividends in response to Covid-19
Apr01

RBS announces decisions on dividends in response to Covid-19

In order to serve the needs of businesses and households through the unprecedented situation presented by Covid-19, the Royal Bank of Scotland Group plc (“RBS”) Board of Directors (“Board”) has decided to undertake no quarterly or interim dividend payments, accrual of dividends or share buybacks and defer decisions on any future shareholder distributions until the end of 2020. In response to a formal request from the Prudential...

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Duco chosen for Tech Nation’s Future Fifty programme, achieving recognition as one of the UK’s most successful digital businesses
Apr01

Duco chosen for Tech Nation’s Future Fifty programme, achieving recognition as one of the UK’s most successful digital businesses

Duco, the global provider of self-service data integrity and reconciliation services, has been included in the latest cohort of Tech Nation’s Future Fifty programme, an exclusive network of high-growth, late-stage UK technology companies. The Future Fifty programme –  which includes Deliveroo, Skyscanner and Funding Circle among its alumni – brings together some of the country’s most successful tech companies, to problem-solve...

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Consumers say online account creation process can make or break their relationship with financial services providers; but less than half are fully satisfied
Apr01

Consumers say online account creation process can make or break their relationship with financial services providers; but less than half are fully satisfied

More than three quarters (77%) of consumers claim that the account opening process can ‘make or break’ their relationship with a financial services brand. A new survey published today by Trulioo, the leading global identity verification provider, reveals that people are becoming increasingly intolerant of poor online account creation experiences within financial services and (77%) will switch to other sites if they encounter a...

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Temenos working together
Apr01

Temenos working together

Temenos remains committed to your business and your success, and to providing continuity of service at all times, especially during this period of unprecedented disruption. We want to put our technology to best use so we are giving free access to Temenos Learning Community Online, our cloud-based digital learning platform to all Temenos customers. With TLC Online you can broaden your knowledge and ability to use Temenos software, as...

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Free solution launched to ramp up remote fundraising for charities
Apr01

Free solution launched to ramp up remote fundraising for charities

To help the charity sector and brands tackle the estimated £4.3bn of income loss which is expected over the coming 12 weeks, Thyngs – the physical-digital payment platform – has partnered with Charities Trust to help the charity sector by enabling any brand to raise funds via their own physical products & services. This anticipated hit comes as a direct result from Coronavirus (COVID-19) social distancing measures...

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HSBC: Statement on 2019 fourth interim dividend and 2020 ordinary share dividends
Apr01

HSBC: Statement on 2019 fourth interim dividend and 2020 ordinary share dividends

The Board of HSBC Holdings plc (‘HSBC’) has today received from the Bank of England through the Prudential Regulation Authority (‘PRA’) a written request not to pay, in HSBC’s case, the fourth interim dividend in respect of 2019. Similar requests have been made to other UK incorporated banking groups. The Board recognises the current and potential material impact on the global economy as a result of the coronavirus pandemic and...

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Loadsure Secures £1.1M in Final Seed Round Led by Insurtech Gateway
Apr01

Loadsure Secures £1.1M in Final Seed Round Led by Insurtech Gateway

Loadsure today announced an investment of £1.1M led by Insurtech Gateway, alongside other corporate and angel investors. Attracting interest for its radically simplified and efficient approach to spot freight cargo insurance, the company has launched a fully automated, end-to-end digital process. As a result, Loadsure empowers brokers, shippers, and carriers to cut per-load insurance costs by 5x and accelerate claims settlements from...

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Nordea Bank Abp’s Board of Directors proposes postponement of decision on dividend payment
Apr01

Nordea Bank Abp’s Board of Directors proposes postponement of decision on dividend payment

In light of the COVID-19 pandemic and the related recommendation adopted by the European Central Bank (“ECB”) on 27 March 2020, the Board of Directors of Nordea has decided to propose postponement of the decision on dividend payment for the financial year 2019 and therefore to change its proposal for dividend payment to the Annual General Meeting planned to be held on 14 May 2020. The ECB considers it is essential that banks conserve...

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Maybank cares for employees amid the Covid-19 period with financial assistance and appreciative gestures
Apr01

Maybank cares for employees amid the Covid-19 period with financial assistance and appreciative gestures

Caring for the welfare of employees amid the Covid-19 period, Maybank Singapore has rolled out a bundle of financial assistance, reimbursement and vouchers for affected employees in appreciation of their dedicated service. In response to the evolving situation, Maybank has introduced the following employee benefits: • In recognition of the commitment of its frontline employees, Maybank is presenting an S$100 thank-you voucher to every...

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New ‘Bitcoin Lessons’ Learning App Launches Globally
Apr01

New ‘Bitcoin Lessons’ Learning App Launches Globally

Bitcoin Lessons (https://www.bitcoinlessons.org/) has officially launched to help educate the public about the history of money and the world of Bitcoin. The app offers a mobile-based bite-sized learning approach similar to popular language app Duolingo. It is designed for those with an appetite for knowledge and can be used in short bursts to suit busy lives. Linking to the wider Bitcoin community, Bitcoin Lessons features further...

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Fintech Zeux grows with the launch of its physical Visa card
Apr01

Fintech Zeux grows with the launch of its physical Visa card

Zeux (www.zeux.com), the first mobile fintech app to bring together payment functionality, zero added fee foreign exchange, investment and savings alternative options in one smartphone experience, has announced the launch of its physical VISA card to satisfy the growing appetite for a ‘phygital’ – physical and digital – banking experience. The fast-evolving fintech world has become a hotbed for new players emerging on the scene...

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Barley Laing, Global Melissa Investments – using multiple suppliers for ID verification-future-proofing
Apr01

Barley Laing, Global Melissa Investments – using multiple suppliers for ID verification-future-proofing

We catch up with Barley Laing, Global Melissa Investments on using multiple suppliers for ID verification-future-proofing

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Pascal Launches Free Wealthtech Bundle To Support Advisors Through COVID-19 Crisis

Pascal Financial, an emerging wealthtech company, has announced the launch of Prevail by Pascal, an advisor-client engagement bundle helping financial advisors with remote client management. The new technology bundle is offered to Canadian advisors for free until July 1st. Wealth management firms have increasingly canceled face-to-face client meetings to protect the safety and well-being of their clients due to social distancing...

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Experian offers its Affordability Passport to debt charities and lenders for free in response to the Coronavirus outbreak
Mar31

Experian offers its Affordability Passport to debt charities and lenders for free in response to the Coronavirus outbreak

The Open Banking tool allows people to share their credit report and transaction data via a secure platform, providing a clear picture of an individual’s financial circumstances and commitments in rapid time. This insight can be hugely helpful to organisations as they look to identify any customers who could be left vulnerable due to changes in their circumstances – and offer them the right level of support they need, such as payment...

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Smart Search launches dedicated anti-money laundering service for businesses adapting to remote working
Mar31

Smart Search launches dedicated anti-money laundering service for businesses adapting to remote working

As the nation adapts to remote working for the foreseeable future, anti-money laundering service, Smart Search, has announced the launch of dedicated cover to help businesses remain compliant with money-laundering laws over the coming months. With the government now stating all non-essential businesses should work from home where possible and minimise the amount of time we spend around other people, experts advise there’s never been a...

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QuantaVerse Supports Financial Institutions Facing Financial Crime Investigator Scarcity Due to COVID-19
Mar31

QuantaVerse Supports Financial Institutions Facing Financial Crime Investigator Scarcity Due to COVID-19

QuantaVerse, which uses AI and machine learning to automate financial crime investigation processes, is now offering new adaptations of the QuantaVerse Alert Investigator for financial institutions that may face emergency shortages of financial crime investigators due to the COVID-19 outbreak.  Global financial centers like New York and other regions including India that are critical to supporting financial crime prevention efforts...

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Microsoft And Plaid Team Up On Financial Management Solution
Mar31

Microsoft And Plaid Team Up On Financial Management Solution

Microsoft and Plaid have teamed up on the company’s new financial management offering, Money in Excel, the companies announced Monday (March 30). “One of the earliest forms of ‘FinTech’ is a budgeting spreadsheet,” Plaid said in a blog post. “For years, people have relied on Microsoft Excel to budget and track expenses for their personal finances or businesses, typically copying data over from multiple sources. Money in Excel features...

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One, a New Digital Banking Service, Selects Finxact’s Core-as-a-Service
Mar31

One, a New Digital Banking Service, Selects Finxact’s Core-as-a-Service

Finxact, the emerging leader in Core-as-a-Service banking, announced today that One, the new digital banking app launched by Chairman Bill Harris (former CEO of Intuit, PayPal and Personal Capital) and CEO Brian Hamilton (former CEO of Azlo and Capital One executive) selected Finxact to power its service. One is designed to deliver full-suite banking in one simple account that allows users to save, spend, share, and borrow in a way...

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An online payment service is offering it’s person-to-person usage free of charge – to help neighbours who are looking out for the community during the coronavirus crisis
Mar31

An online payment service is offering it’s person-to-person usage free of charge – to help neighbours who are looking out for the community during the coronavirus crisis

With more than 65 per cent of people already offering or planning to support others, such as the elderly or NHS workers with everyday tasks like shopping, Ordo has launched Ordo Neighbour2Neighbour. For the duration of the UK’s social distancing and self-isolation period it has made its new payment service free for person to person usage so that payments can be simpler and safer for those in need of help or assisting others during...

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Eagle Eye partners with Preoday to offer digital ordering and loyalty via mobile apps for hospitality operators
Mar31

Eagle Eye partners with Preoday to offer digital ordering and loyalty via mobile apps for hospitality operators

Eagle Eye, a SaaS-based provider enabling one-to-one performance marketing in real time, is partnering with digital ordering platform Preoday, a QikServe company. The partnership will enable hospitality operators the ability to offer customers combined pre-ordering of food and drink with loyalty rewards and promotions via  Eagle Eye’s mobile apps. Leading food and beverage (F&B) businesses across the UK, Europe and the US already...

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Norwegian banks well placed to deal with Covid-19 and falling oil prices
Mar31

Norwegian banks well placed to deal with Covid-19 and falling oil prices

With their solid profitability and sound solvency positions, Norwegian banks have capacity to absorb higher loan losses and compare well to European peers in this regard,” said Pauline Lambert, executive director in the banks team of Scope Ratings and author of a report out today. On average, Norwegian banks’ 2019 pre-provision income could absorb loan losses up 1.8% of loans before eating into reserves. Recent recommendations from...

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Wirecard launches “Innovation for Now” initiative together with other leading companies and strengthens its offerings for affected businesses
Mar31

Wirecard launches “Innovation for Now” initiative together with other leading companies and strengthens its offerings for affected businesses

Wirecard, the global innovation leader for digital financial technology, is launching an initiative to support businesses of all sizes and industries: Together with Futur/io, Wirecard is launching the “Innovation for Now” platform where merchants can find assistance packages from leading companies like SAP and Wirecard. The aim of the initiative is to bundle the offerings of all major tech companies in Germany and make them more...

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RegTech 2020: The future of Digital Transformation
Mar31

RegTech 2020: The future of Digital Transformation

As solutions disrupt different parts of the RegTech ecosystem, the digitisation of financial services has started to take place. With this trend gaining momentum, it is important to understand how RegTech will change businesses now and in the future. Chris Skinner, the FinTech and digital transformation industry expert and Matt Neill, MD of OpTechs, a digital transformation consultancy, provide insight on the latest podcast from...

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Dzing announces launch of its new digital payment app
Mar31

Dzing announces launch of its new digital payment app

Dzing, a new to market electronic money and payment institution, today announced the launch of its new mobile payment app, to allow international students, remote freelancers, overseas workers, and travellers, conduct financial services from their smart devices at high speed. Now available on Android and iOS, the Dzing app will offer its users a simple, seamless process for transferring funds across borders in the UK and Europe. The...

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Barley Laing, Global Melissa Investments on preventing fraud in ID verification
Mar31

Barley Laing, Global Melissa Investments on preventing fraud in ID verification

Barley Laing, Global Melissa Investments on preventing fraud in ID verification

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Fintech Finance Presents: The Regtech Show 3.01 – The Regtech Show: Brexit, Cyber Security and how to stay compliant in 2020
Mar31

Fintech Finance Presents: The Regtech Show 3.01 – The Regtech Show: Brexit, Cyber Security and how to stay compliant in 2020

From Cyber security to Brexit, the regulatory complexity surrounding highly digital organisations is only growing. To make sense of it all we speak with fscom, one of the leading compliance firms in the UK and Ireland to understand it all. With such a variety of topics we called in Jamie Cooke, Managing Director, Alison Donnelly, Director, Tony Brown the Senior Manager in Financial Crime and Simon Whittaker!...

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Civic and Coincover Announce the First-of-its-Kind Crypto Wallet  With a $1 Million Protection Guarantee
Mar31

Civic and Coincover Announce the First-of-its-Kind Crypto Wallet With a $1 Million Protection Guarantee

Civic Technologies, a leading innovator in digital wallet solutions, today announced that Civic Wallet is the first and only crypto wallet to offer a $1 million (USD) digital currency guarantee provided by Coincover, the leader in high security, risk prevention and mitigation solutions, insured by Lloyd’s of London underwriters. Civic Wallet is currently in private beta. “We believe that everyone needs access to a neutral, trustworthy...

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Market-leading credit control app Chaser launch Cashflow Recovery Initiative for UK SMEs during COVID-19
Mar30

Market-leading credit control app Chaser launch Cashflow Recovery Initiative for UK SMEs during COVID-19

UK SMEs face huge challenges getting their invoices paid on time, with over £225 billion in overdue invoices owed to them at any one time – a situation now dramatically exacerbated by Covid-19. Chaser’s Cashflow Recovery Initiative will put businesses in the best cash flow position possible in this uncertain time by providing SMEs with access to an expert team to help them get their invoices paid, completely FREE of charge. ...

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Sapiens Partners with SPLICE Software to Improve and Automate the Customer Communication Process
Mar30

Sapiens Partners with SPLICE Software to Improve and Automate the Customer Communication Process

Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, today announced it has entered into an agreement to partner with SPLICE Software (SPLICE), an insurtech company that specializes in using big and small data, and voice technologies, to drive customer engagement. SPLICE’s innovative technology provides a multi-pronged approach to customer communications. It enables insurance...

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Google Searches for Buy Stocks Up by 466% Worldwide
Mar30

Google Searches for Buy Stocks Up by 466% Worldwide

Data gathered by Learnbonds.com indicates that global Google searches for ‘buy stocks’ have spiked by at least 466% between March 31, 2019, and March 27th this year. According to the data, there was a significant spike in the wake of rising COVID-19 cases. March records highest searches From the data, interest in buying stocks began in the last week of February. The phrase had a popularity score of 30, which remained the same in the...

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Tether Perpetual Contracts Launched on Bybit, KuMEX
Mar30

Tether Perpetual Contracts Launched on Bybit, KuMEX

Tether, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, is now available in futures contracts on Bybit, a cryptocurrency derivatives exchange, and KuMEX, the derivatives trading platform of IDG-backed cryptocurrency exchange KuCoin. The launch of perpetual contracts on Bybit and KuMEX underlines USDt’s growing popularity as the most stable, liquid and trusted stablecoin. The USDt perpetual...

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Consumers say online account creation process can make or break their relationship with digital services, but less than half are satisfied
Mar30

Consumers say online account creation process can make or break their relationship with digital services, but less than half are satisfied

Over two-thirds (73%) of consumers claim that the account opening process can ‘make or break’ their relationship with digital services. A new report published today by Trulioo, the leading global identity verification provider, reveals that people are becoming increasingly intolerant of poor online account creation experiences and over three-quarters (77%) indicate they will switch to other sites if met with a less than optimal...

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Poland’s National Payment Processor Partners with Cryptomathic to Deliver eIDAS-certified Remote Qualified Electronic Signature Services
Mar30

Poland’s National Payment Processor Partners with Cryptomathic to Deliver eIDAS-certified Remote Qualified Electronic Signature Services

Polish citizens can now sign documents digitally using mSzafir, a remote qualified e-signature service with the highest levels of security under European law, thanks to a new partnership between KIR, Poland’s national payments processor, and global e-signature specialist, Cryptomathic. The timely availability of remote qualified e-signature services (QES) comes as the country enters lockdown and imposes stringent social distancing...

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Trintech Offers Adra Task Manager at No Cost to Help Organisations Close Their Books Confidently While Working Remotely
Mar30

Trintech Offers Adra Task Manager at No Cost to Help Organisations Close Their Books Confidently While Working Remotely

In the midst of the current crisis, many finance & accounting (F&A) teams across the globe are navigating unchartered waters as they approach month end close with a dispersed remote workforce. As a leading provider of financial software solutions, Trintech announced today that its best-in-class Adra Task Manager solution will be available at no cost, for up to 6 months, to help mid-sized organisations close their books...

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Barley Laing, Melissa Global Intelligence on intro-State of the ID verification marketplace
Mar30

Barley Laing, Melissa Global Intelligence on intro-State of the ID verification marketplace

Barley Laing, Melissa Global Intelligence on intro-State of the ID verification marketplace

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CapitalRise named best alternative finance provider
Mar30

CapitalRise named best alternative finance provider

CapitalRise, the specialist lender for prime property developers, has been named ‘Best Alternative Finance Provider’ at the British Bank Awards. The awards honour leaders in the financial services industry and are voted for by businesses and consumers. CapitalRise was recognised for dedication to the underserved prime property finance market and for digital innovation in building an investment platform that has opened up the highly...

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Data Shows that Pandemic Compelled Businesses to Act Faster Than the Government
Mar30

Data Shows that Pandemic Compelled Businesses to Act Faster Than the Government

The COVID-19 outbreak has thrown much of Europe into lockdown. Germany and the Netherlands have shut bars, while restaurants are allowed to stay open only for takeout and delivery services. In recent days, both countries have also tightened rules on social interaction, banning groups of more than two or three people for gathering. It has been two months since the first confirmed case surfaced in Germany and nearly a month since the...

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Change in the KONE Executive Board – Ken Schmid appointed Executive Vice President, KONE Americas
Mar30

Change in the KONE Executive Board – Ken Schmid appointed Executive Vice President, KONE Americas

Ken Schmid (Master of Business Administration), has been appointed Executive Vice President of KONE Americas as of April 1, 2020. He will continue as a member of KONE Executive Board and report to Henrik Ehrnrooth, President and CEO, KONE Corporation. He will be based in Lisle, IL, United States. In addition to his previous role as Senior Vice President, Finance for KONE Americas, Ken has served as interim leader for KONE Americas and...

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Moneybox app announces Open Banking merger with Santander
Mar30

Moneybox app announces Open Banking merger with Santander

Moneybox app has become the first third-party player to launch an Open Banking integration with Santander. Santander joins a small but growing number of traditional banks that have opened up its API to third parties. The partnership between Moneybox and Santander will support customers in saving and budgeting their spare change on a daily basis. Customers of Santander can now connect their accounts and save their spare change much...

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African Development Bank launches record breaking $3 billion “Fight COVID-19” Social Bond
Mar30

African Development Bank launches record breaking $3 billion “Fight COVID-19” Social Bond

The African Development Bank has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s economies. The Fight Covid-19 Social bond, with a three-year maturity, garnered interest from central banks and official institutions, bank treasuries, and asset managers including Socially Responsible Investors, with bids exceeding $4.6...

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CGI to Acquire TeraThink
Mar30

CGI to Acquire TeraThink

CGI announced its intent to acquire TeraThink, a leading information technology and management consulting firm providing digitization, enterprise finance,  risk management, and data analytics services to the U.S. federal government. The two companies signed an agreement to proceed with the transaction, which is expected to close by the end of March. This merger will strengthen CGI Federal’s consulting expertise, and expand its...

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Coronavirus lockdown: Massive surge in the use of fintech apps
Mar30

Coronavirus lockdown: Massive surge in the use of fintech apps

Coronavirus-triggered social distancing, isolation and lockdowns have driven-up the use of financial apps in Europe by 72 per cent in a week, reveals deVere Group, one of the world’s largest independent financial advisory organisations. The sharp increase in the use of financial technology comes as the world readjusts to life fighting against the global health crisis and economic downturn caused by the Covid-19 pandemic. James Green,...

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Bulgaria-based Payment Companies, Paynetics and phyre, Secure Millions of Euros in Funding
Mar29

Bulgaria-based Payment Companies, Paynetics and phyre, Secure Millions of Euros in Funding

Paynetics, which secured €2.5 million in funding, and phyre, which acquired €1.55 million in capital, were both established by Bulgarian financial services professional, Ivo Gueorguiev, and serial entrepreneur, Valeri Valtchev. Paynetics is an e-money service provider that offers a wide range of payment products to vendors, including acquiring, issuing, digital wallets, and account management features. phyre has created a platform...

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DataGuard raises $20m in Series A to provide GDPR-as-a-Service
Mar27

DataGuard raises $20m in Series A to provide GDPR-as-a-Service

The Munich firm Dataguard, which offers what it calls General Data Protection Regulation (GDPR)-as-a-Service, helps companies ensure they are compliant with the regional regulations in the European Union and beyond. It claims that its platform can offer suggestions and improvements to a company’s existing IT infrastructure to make them more compliant. DataGuard plans to use the capital to expand its business across Europe and the...

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New coronavirus fintech taskforce offers their support to SMEs
Mar27

New coronavirus fintech taskforce offers their support to SMEs

Trade Ledger, a digital lending platform; Wiserfunding, a digital SME credit scoring platform; Nimbla, a trade credit insurance provider, and NorthRow a remote client onboarding platform have established a new fintech taskforce to provide a turn-key origination and underwriting platform that allows banks, alternative lenders and private debt lenders to virtually and digitally deploy funds to businesses during the Covid-19 outbreak....

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ZTE FY2019 Operating Revenue Hits RMB90 Billion
Mar27

ZTE FY2019 Operating Revenue Hits RMB90 Billion

ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, has today reported its 2019 annual results. According to the announcement, for the twelve months ended 31 December 2019, ZTE reported operating revenue of RMB90.74 billion, representing a year-on-year increase of 6.1%, of which operating revenue from operators’ networks reached...

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Paynetics closes a EUR 2.5 million funding round
Mar27

Paynetics closes a EUR 2.5 million funding round

The Bulgarian fintech company Paynetics has successfully raised funding to expand its European business. Based on its solid infrastructure in acquiring, issuing, e- wallet and account management Paynetics offers a full stack end-to-end payment solutions. Driven by innovation, it has also developed and launched a number of value-added services, seamlessly integrated into the e-wallet, such as a sophisticated loyalty program and...

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Jenson Funding Partners SEIS Fund Invest in Zeus Limited
Mar27

Jenson Funding Partners SEIS Fund Invest in Zeus Limited

Jenson Funding Partners are delighted to advise they have completed an investment in ZEUS a property valuation app which allows property owners to obtain fast & accurate valuations and also provides estate agents with quality leads. It works for both sales and rentals. A truly unique platform. Users enter their property details and add photos via the app. Subscribed local and online agents then receive the property information and...

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