SOKIN partners with Transact Payments for the UK and European markets
Oct23

SOKIN partners with Transact Payments for the UK and European markets

Sokin has announced it will be partnering with Transact Payments Limited (TPL) as it prepares for the roll-out of its UK and European fixed-price subscription-based payments service. Transact Payments will provide flexible European BIN sponsorship and modular payment, debit and prepaid services as part of the Sokin global service.  Through its multiple partners, Sokin offers currency exchange in 150 countries with Sokin wallets and...

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Denise Johansson, Enfuce – What was the market in the Nordics like before Enfuce started operating?
Oct23

Denise Johansson, Enfuce – What was the market in the Nordics like before Enfuce started operating?

Denise Johansson, co-founder at Enfuce talks to Ali Paterson what the market in the Nordics was like before Enfuce started operating

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Q&A: Teodor Blidarus, Founder and CEO FintechOS – Can digital transformation help banks facilitate the global recovery?
Oct23

Q&A: Teodor Blidarus, Founder and CEO FintechOS – Can digital transformation help banks facilitate the global recovery?

Banks are uniquely positioned to aid the recovery from the Coronavirus pandemic as they typically hold the keys to the economic resources that businesses and individuals need to get back on their feet. But what can (and should) banks be doing to promote public welfare and economic prosperity? Here, Teodor Blidarus, Founder and CEO of FintechOS, explains the duties banks have to support recovery from the pandemic, and the importance of...

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British Patient Capital Commits $35m to Evolution Equity Partners to Invest in Growth Stage Cybersecurity Companies
Oct23

British Patient Capital Commits $35m to Evolution Equity Partners to Invest in Growth Stage Cybersecurity Companies

British Patient Capital announces today a $35m commitment to The Evolution Technology Fund II. The Fund is expected to achieve a targeted $250m final close in the coming months and is already investing in growing cybersecurity and enterprise software companies. Evolution Equity Partners has been investing in cybersecurity companies over the past 20 years, building global leaders over several economic cycles, including to IPO. Their...

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NatWest and National Enterprise Challenge team up to find the UK’s most entrepreneurial pupils
Oct23

NatWest and National Enterprise Challenge team up to find the UK’s most entrepreneurial pupils

NatWest has today announced that it will set this year’s National Enterprise Challenge  – the largest enterprise and employability challenge for secondary schools in the UK. The high street lender has set 14 and 15 year olds from around the UK the challenge to create their own social enterprise to address a common issue affecting their daily life, school, family or local community. Pupils will create their own social enterprise...

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TrueLayer expands global presence with Brenton Charnley joining as Head of Australia
Oct23

TrueLayer expands global presence with Brenton Charnley joining as Head of Australia

TrueLayer, the leading technology company building financial infrastructure that’s open to any business, anywhere in the world, today announced it has appointed Brenton Charnley as its Head of Australia. Brenton will be responsible for establishing the Australian operations, obtaining accreditation with the ACCC, supporting TrueLayer’s global partners to launch in Australia and onboarding new partners to integrate with TrueLayer’s...

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Bottomline enables StepChange Debt Charity in the launch of new Coronavirus Payment Plan
Oct23

Bottomline enables StepChange Debt Charity in the launch of new Coronavirus Payment Plan

Bottomline, a leading provider of financial technology that makes complex business payments simple, smart and secure, today commented on the launch of the Coronavirus Payment Plan, a debt management program offered by StepChange Debt Charity, and created in consultation with the UK Government. Bottomline’s PTX payment platform is enabling the StepChange program to collect available funds from individuals, manage debt payment plans and...

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Paula Solano, Banco Sabadell – Where do you think banks will be making their money in the future?
Oct23

Paula Solano, Banco Sabadell – Where do you think banks will be making their money in the future?

Paula Solano, Head of Investments at Banco Sabadell chats to Doug Mackenzie about where banks will be making their money in the future

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First Horizon Bank moves digital banking platform to NCR
Oct22

First Horizon Bank moves digital banking platform to NCR

NCR, a global enterprise technology provider for the financial industry, today announced that First Horizon Bank, parent company First Horizon National Corporation has launched the NCR D3 platform to provide consumers and businesses with a seamless digital banking experience. Memphis, Tenn.-based First Horizon Bank recently migrated clients to the digital platform, hosted by Amazon Web Services (AWS) and managed by NCR. “It’s more...

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The Fintech Effect: Consumer impact and a fairer financial system
Oct22

The Fintech Effect: Consumer impact and a fairer financial system

by Ben White & John C. Pitts, Plaid Even before COVID-19, financial security was a major challenge for most Americans. Money is consistently Americans’ leading cause of stress. Three-quarters live paycheck to paycheck and just 29% are considered financially healthy, according to Financial Health Network. Financial services play a major role in helping consumers manage and make the most of their money. Clearly, there’s room for...

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Haukur Skúlason, Indó – What was the idea behind Indó?
Oct22

Haukur Skúlason, Indó – What was the idea behind Indó?

Ali Paterson chats to Haukur Skúlason, Global Head of Institutional Client Group Technology and Operations at Indó about the idea behind Indó

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Digitizing and streamlining securities-based-lending from end-to-end in the Cloud
Oct22

Digitizing and streamlining securities-based-lending from end-to-end in the Cloud

Utilizing the latest in Cloud technology to enable end-to-end Securities-Based Lending (SBL), Rockall, a Broadridge Financial Solutions, Inc. company, has launched the Broadridge SBL platform. With SBL becoming an ever-more important credit product for financial advisors and their clients, the Broadridge SBL platform combines Rockall’s existing credit and operational risk technology (FASTNET) with new loan origination capabilities...

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App Annie new Gen Z report with insights on winning over the mobile generation
Oct22

App Annie new Gen Z report with insights on winning over the mobile generation

App Annie, the leading mobile data and analytics company, today released a report on Generation Z, How to Build a Winning Gen Z Strategy on Mobile, that reveals the mobile habits of this generation to help businesses understand and cater to this group. Gen Z is quickly becoming one of the world’s most powerful consumer segments – as one of the youngest generations, Gen Z amounts to a third of the world’s population and controls...

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“We’re ready for Decentralised Finance” claim traditional financial service institutions
Oct22

“We’re ready for Decentralised Finance” claim traditional financial service institutions

Decentralised finance (DeFi) is now being taken seriously by traditional finance. In a European-wide survey of financial institutions spanning across insurance, banking and trading, 86% are implementing or assessing services built on a DeFi framework. Of those companies, 31% are reporting an enterprise-wide rollout or have deployed use cases of DeFi. Additionally, 58% of companies are concerned they will lose a competitive advantage...

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FinVision event to address the practical reality of financial innovation
Oct22

FinVision event to address the practical reality of financial innovation

 FintechOS, the global technology provider for banks, insurance and financial services companies, today announced FinVision, a three-day virtual event that showcases successes, challenges and best practices for financial innovation. The event will run from November 17th to 19th and bring together impartial industry leaders, visionary speakers, and experts from the FintechOS community of banks, insurers, fintechs, investors and media....

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Temenos launches real-time SaaS data platform for core banking
Oct22

Temenos launches real-time SaaS data platform for core banking

Temenos, the banking software company, today announced the launch of Temenos Transact Data Hub, a real-time data platform that is integrated and embedded within Temenos Transact, the market leading core banking solution. Temenos Transact Data Hub delivers multiple essential data capabilities that are critical to modern banks leveraging the power of the data held within the core banking platform. Out-of-the box, real-time data...

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Neobank Unifimoney selects Nium to provide international remittance capability
Oct22

Neobank Unifimoney selects Nium to provide international remittance capability

Global fintech infrastructure platform Nium and Unifimoney, a San Francisco-based neobank, have entered into a partnership that will enhance the outbound money transfer experience for Unifimoney users. The partnership will expand Unifimoney’s capabilities, introducing convenient, secure, and real-time global payment capabilities to customers of Unifimoney. While new technological advances and the continuing inefficiencies of...

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Fintech with principles raises €2.5m for European expansion
Oct22

Fintech with principles raises €2.5m for European expansion

insha, the account with principles, has announced a seed financing round of €2.5 million. The lead investor is the Turkish payment service provider Param. insha will use the money for European expansion, further develop  its ethical banking product and strengthen the team at its headquarters in Berlin and  Istanbul.   insha offers users a digital account that doesn’t contradict their moral values. The app helps  users achieve their...

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Panxora Digital Ventures takes the lead on seed funding initiative to bring the needs of founders and investors back into alignment
Oct22

Panxora Digital Ventures takes the lead on seed funding initiative to bring the needs of founders and investors back into alignment

Panxora Digital Ventures, part of the Panxora Group today launched its hybrid seed funding solution to stimulate the stagnant capital market for new blockchain token projects. Panxora’s hybrid model creates a two-stage fundraising process that bridges the gap between seed investors’ interests and token founders’ needs to produce win-win results. The poor return on investment and deteriorating risk/reward profile for crypto...

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Socure to launch DocV – fully automated document verification solution that eliminates manual reviews
Oct22

Socure to launch DocV – fully automated document verification solution that eliminates manual reviews

Socure, the leader in Day Zero digital identity verification, today announced DocV, a fully-automated omnichannel document verification service that expedites onboarding, reduces fraud, and works to eliminate costly manual reviews. Combining the power and scale of machine learning to accurately verify the authenticity of government-issued IDs, DocV produces auto-decisioning rates as high as 98%, in seconds. The most scalable and...

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ClearScore selects Netacea for bot protection
Oct22

ClearScore selects Netacea for bot protection

Netacea, a provider of bot management solutions, today announces that ClearScore, the UK’s leading free credit score and credit marketplace, has selected Netacea’s bot management solution to protect against credential stuffing attacks and account takeovers. Netacea’s Intent Analytics™ engine can quickly and accurately distinguish bots from humans, which allows ClearScore to give genuine users access and stop malicious bots. The...

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Crypto start up backs tougher regulations on crypto derivative trading as Bitcoin enjoys longest bull run in over a year
Oct22

Crypto start up backs tougher regulations on crypto derivative trading as Bitcoin enjoys longest bull run in over a year

The Financial Conduct Authority (FCA) has recently banned retail investors in the UK from trading in crypto derivatives from January 2021 referring to the “prevalence of market abuse and financial crime in the secondary market”. The FCA also took a dim view of the “extreme volatility in crypto asset price movements” “There is clear consumer demand for the integration of crypto and other digital currencies into our lives, not least the...

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ICA signs new partnership with Rwanda Finance Limited to offer ICA Education in Rwanda
Oct21

ICA signs new partnership with Rwanda Finance Limited to offer ICA Education in Rwanda

The International Compliance Association (ICA), the leading professional body for the global regulatory and financial crime compliance community, has entered into a partnership with Rwanda Finance Limited (RFL), a new government agency which aims to develop Rwanda as a business and financial centre of excellence, to provide ICA education in the country. As part of its mandate to develop and promote the Kigali International Financial...

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Jack Henry joins ABA in helping bankers promote financial inclusion
Oct21

Jack Henry joins ABA in helping bankers promote financial inclusion

Jack Henry & Associates, Inc.® is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Jack Henry Banking® division announced today that, as part of an American Bankers Association (ABA) initiative, it has committed to equipping banks nationwide with Bank On-certified accounts. These accounts are designed to serve the unbanked and underbanked population with...

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Papara wins seat within Inclusive Fintech 50
Oct21

Papara wins seat within Inclusive Fintech 50

Papara, the financial SuperApp and market leading Turkish fintech, has earned a place as part of Inclusive Fintech 50’s 2020 cohort – a group of international, high-potential early-stage fintechs which are focussed on driving financial inclusion and resilience. Inclusive Fintech 50 is a global competition to identify startups poised for success through four key criteria: inclusiveness, innovation, scale potential and traction....

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Andy Ramsden, Giesecke & Devrient – How can G&D help neo banks on their innovative journey?
Oct21

Andy Ramsden, Giesecke & Devrient – How can G&D help neo banks on their innovative journey?

Doug Mackenzie speaks with Andy Ramsden of Giesecke+Devrient about how they can help neo banks on their innovative journey

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Priceless Planet Coalition expands, unites businesses and consumers worldwide to preserve the environment
Oct20

Priceless Planet Coalition expands, unites businesses and consumers worldwide to preserve the environment

The current pandemic has underscored how interconnected our world has become – and that the health and well-being of our planet is deeply linked to that of our people. As wildfires ravage many parts of the world, from the U.S. west coast to Brazil and Australia, and we experience some of the most extreme weather events on record, we must urgently invest in innovative ways to inspire collective action to address climate change. With...

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Delta Capita appoints Pete Mayberry as Delivery Lead
Oct20

Delta Capita appoints Pete Mayberry as Delivery Lead

Delta Capita, a global provider of managed services, solutions and consulting, announced that it has appointed Pete Mayberry as Managing Principal to lead client delivery. Delta Capita has ambitious growth plans for its managed services offering, and Pete will be instrumental in delivering this for clients. Pete will take responsibility for implementing technology solutions for customers. He will help advance the firm’s mission for...

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Visa, MasterCard, AmEx & Discover endorsing MagicCube as software-only replacement for payment terminals
Oct20

Visa, MasterCard, AmEx & Discover endorsing MagicCube as software-only replacement for payment terminals

MagicCube, the leader in the new category of Software Defined Trust (SDT), today announced the availability of i-Accept™, a complete software-based replacement for traditional payment acceptance terminals. Through i-Accept™, acquiring banks and disruptive financial services institutionscan now enable their merchants and retailers to accept contactless cards, including those from American Express®, Discover®, Mastercard® and Visa®, as...

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SEON teams up with Sun Finance to explore how consumer risk changed during the pandemic in emerging markets
Oct20

SEON teams up with Sun Finance to explore how consumer risk changed during the pandemic in emerging markets

SEON, the fraud fighters, is pleased to announce it has teamed up with Sun Finance, the fastest growing online lender in Europe, working with unbanked and underbanked customers, to explore the changes to consumer risk and how the digital lending industry has been forced to adapt during the pandemic. Taking place on Wednesday 28th October at 10am CET, the session will cover the current landscape of the digital lending industry and how...

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Westpac and Afterpay announce partnership
Oct20

Westpac and Afterpay announce partnership

Westpac Group has today announced Afterpay as the first partner on its new digital  banking platform. The new digital bank-as-a-service platform uses cloud-native technology from  10x Future Technologies and allows Westpac to work with leading companies to offer convenient and innovative banking services to Australians.  Westpac CEO, Peter King, said: “Fintech innovation is changing banking in important  ways and our new digital...

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BUX and Yapily enable German users to invest in seconds
Oct20

BUX and Yapily enable German users to invest in seconds

Leading enterprise connectivity platform Yapily has announced that it is working with BUX, Europe’s largest mobile broker. The new partnership will enable German users of BUX Zero to seamlessly fund their accounts and build an investment portfolio in a matter of seconds. Through partnering with Yapily, BUX Zero customers can conveniently make deposits to their BUX Zero accounts from within their bank’s mobile banking app. Removing the...

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Jamie Broadbent, RBS – Where do you see AI driving the industry in the future?
Oct20

Jamie Broadbent, RBS – Where do you see AI driving the industry in the future?

Jamie Broadbent, Head of Digital and Innovation at RBS talks to Doug Mackenzie about how he sees AI driving the industry in the future

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EXCLUSIVE: The Nordics shine bright for FinTECH Talents 2020
Oct20

EXCLUSIVE: The Nordics shine bright for FinTECH Talents 2020

by Hannah Duncan “Steeped in myth and mystery, the Northern Lights are a wonder that wows children and grownups alike. Those famous green hues of the Aurora Borealis signal the uniqueness of a region where people are renowned for doing things differently”. – Victor Cruz, CEO at VC Innovations, speaking on LinkedIn  Consider the Nordics. A legendary landscape filled with the smells of towering forests, freshly cut pine wood and...

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MoneyGram and PayMaya introduce real-time payment solution for fund transfer from United States to the Philippines using Visa Direct
Oct20

MoneyGram and PayMaya introduce real-time payment solution for fund transfer from United States to the Philippines using Visa Direct

MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, today announced a partnership with PayMaya Philippines to launch a new digital capability that allows customers to send money from the United States to the Philippines through Visa Direct, Visa’s real-time push-payment solution. Consumers in the United States can use the leading MoneyGram mobile app or website to send money that...

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Monzo launch Monzo Premium
Oct20

Monzo launch Monzo Premium

Today, Monzo have launched  Monzo Premium, their newest account and comes with their first metal card for 18-69 year olds for £15 a month with a minimum 6 month term. The Monzo Premium card is made from a single 16g sheet of steel, complete with a precision-engraved logo and a white finish; with your details kept neatly on the back for a minimal design. With Monzo Premium, phones worth up to £2,000 are protected against theft, loss...

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Hong Kong’s first multi-cloud challenger bank goes live with Temenos
Oct20

Hong Kong’s first multi-cloud challenger bank goes live with Temenos

Temenos, the banking software company, today announced that WeLab Bank, Hong Kong’s first homegrown virtual bank, has publicly launched using cloud-native Temenos Transact to provide a range of next generation digital services for customers to enjoy 24/7 from their mobile phones. Designed, built and launched in less than 10 months, the fully digital bank has seen rapid take up with a reported 10,000 account openings within the first...

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Yolt reveals evolved app, designed to help people save whilst they spend
Oct20

Yolt reveals evolved app, designed to help people save whilst they spend

Yolt, the award-winning smart money app, has today launched a new evolution of its technology with a series of innovative, free features designed to help users save. Launched in 2017, Yolt is on a mission to harness the power of Open Banking to empower people to be smart with their money. The app’s 1.5 million registered users are currently able to see their various bank accounts in one central place, enabling them to easily track...

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Aussie challenger Judo Bank picks nCino bank operating system
Oct20

Aussie challenger Judo Bank picks nCino bank operating system

nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Australia’s first fully licensed challenger bank dedicated to lending to small and medium sized enterprises (SME), Judo Bank, will implement the nCino Bank Operating System® to streamline its lending operations and further enhance its client value proposition. Through its collaboration with...

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Stripe acquires Paystack
Oct20

Stripe acquires Paystack

The African internet economy is expanding quickly, with online commerce in the region growing 21% year-over-year, 75% faster than the global average. In order to help increase Africa’s online GDP, Stripe has entered into an agreement to acquire Paystack, a technology company based in Lagos that makes it easy for organizations of all sizes to collect payments from around the world. Today, more than 60,000 businesses in Nigeria and...

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Data-driven approach to lending offers a lifeline for SMEs and banks during Covid-19 recession
Oct20

Data-driven approach to lending offers a lifeline for SMEs and banks during Covid-19 recession

Eddie Curran is the co-founder of Scottish fintech firm, Open Banking Reporting Limited (OBR) – a participant in the 2020 AG Elevate programme, which is a fast-track 10-month programme designed to accelerate selected FinTechs through the legal challenges faced by startup and fast-growing businesses. One of my favourite quotes about statistical analysis is that “data will talk to you if you’re willing to listen”. However, the insight...

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Railsbank makes list of top SaaS companies
Oct20

Railsbank makes list of top SaaS companies

 Railsbank has been named on the 2020 Accel Euroscape list which contains the top 100 European and Israeli cloud companies at SaaStock EMEA Online. To compile the list, which was unveiled recently at SaaStockEMEA, more than 1,500 European and Israeli private SaaS companies across 20 countries were surveyed. The list was part of a report entitled 2020 Accel Euroscape Decacorn Unleashed, co-authored by Varun Purandare and Candice du...

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Standard Chartered ups investment in Silent Eight’s AI tool to fight financial crime
Oct19

Standard Chartered ups investment in Silent Eight’s AI tool to fight financial crime

Silent Eight (or “the Company”), the global technology company using Artificial Intelligence (AI) to combat money laundering and terrorism financing, today completes a new round of early-stage funding from global institutional capital, bringing the company’s total capital raised to $15m. The investment round was led by OTB Ventures, the largest dedicated VC firm investing in technology businesses originating from Central and Eastern...

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Monese and Mastercard launch strategic European partnership
Oct19

Monese and Mastercard launch strategic European partnership

Mastercard and Monese, the European banking service provider, announced a new multi-year strategic partnership to further enhance local banking services for the underserved across Europe, with Monese becoming a principal Mastercard issuer. With its multi-currency accounts that are available in 31 countries, Monese’s new partnership with Mastercard provides its customers access to Mastercard’s global acceptance network, allowing them...

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Optimum Finance appoints fintech expert, Anthony Persse, as chief executive officer
Oct19

Optimum Finance appoints fintech expert, Anthony Persse, as chief executive officer

Invoice finance provider, Optimum Finance, today announced that fintech expert, Anthony Persse, has taken up the role of chief executive officer, following the tragic death of its founder, Richard Pepler, earlier this year.  Anthony will fulfil Richard’s ambition for the company: to provide small and medium sized UK businesses (SMEs) with much needed access to fast, flexible funding, aided by a combination of the company’s highly...

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Brex taps former Spotify marketing executive June Sauvaget as CMO
Oct19

Brex taps former Spotify marketing executive June Sauvaget as CMO

Brex announced it has hired June Sauvaget as Chief Marketing Officer as it prepares to expand to a broader customer base beyond startups. Sauvaget, who hails most recently from Spotify, will leverage her deep experience developing brands to redefine what B2B customers can expect from their finance software. The global pandemic has put a spotlight on the role of technology and software to keep businesses up and running; now more than...

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Zip Co volumes surge as credit card ‘demise’ gains momentum
Oct19

Zip Co volumes surge as credit card ‘demise’ gains momentum

Zip Co has almost doubled its transactions volumes and revenue from a year ago thanks to a COVID-led boom in online shopping and what it sees as the ‘demise of the credit card model’. The buy-now-pay-later platform has reported record revenue of $71.7 million in the first quarter of FY21, up 88 per cent from a year earlier. Quarterly transaction volumes surged to a record $943.1 million, up 96 per cent, while transaction...

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Afterpay offers in-store payment solution across U.S.
Oct19

Afterpay offers in-store payment solution across U.S.

Afterpay, the leader in “Buy Now, Pay Later” payments,  today announced that its in-store solution is now available to all U.S. customers at some of the best retail stores nationwide. Shoppers can use Afterpay to buy items in select retail stores using their Afterpay card, a virtual, contactless card stored in their digital wallet. Just like using Afterpay online, customers can pay for their in-store purchases in four...

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Boubyan Bank announced their partnership agreement with FinFirst Capital
Oct19

Boubyan Bank announced their partnership agreement with FinFirst Capital

As a part of its strategy to cooperate with digital startups to provide the best services, Boubyan Bank has announced the conclusion of a partnership agreement with FinFirst Capital that specializes in providing digital financial services, having recently launched its FinFirst financial services App. Speaking on the occasion, Hamad Al-Fouzan, AGM & Head of Innovation & Partnerships at Boubyan Bank, stated: “The partnership...

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Square, Inc. invests $50 Million in Bitcoin
Oct19

Square, Inc. invests $50 Million in Bitcoin

Square, Inc. announced today that it has purchased approximately 4,709 bitcoins at an aggregate purchase price of $50 million. Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company’s purpose. The investment represents approximately one percent of Square’s total assets as of the end of the second quarter of...

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