March 9, 2022

https://ift.tt/yKSoZYp The Securities and Exchange Commission has charged a brother and sister with defrauding thousands of victims out of more than $124 million in a crypto scam. According to the SEC complaint, from June 2017, John and JonAtina Barksdale have been offering and selling a digital token called ‘Ormeus Coin’ to investors on crypto trading

https://ift.tt/0zFZ7UW Biz Stone and Tom Blomfield have joined a $3 million seed funding round for Noh, a Brazilian bill-splitting app led by one of the country’s few female fintech founders. Kindred Ventures led the round for Noh, which is looking to tap into the $864 billion shared expenses sector in Latin America. Noh’s first product,

https://ift.tt/LS7paJj Glean AI, the intelligent accounts payable company, announced today that it has raised $10.8 million in seed financing from Contour Venture Partners (lead investor), Amex Ventures, Infinity Ventures, B Capital Group, Portage Ventures, Parameter Ventures, and several other prominent venture funds and angel investors. The funding will enable Glean AI to accelerate its growth

https://ift.tt/0oGf9Kc Paysend, the card-to-card pioneer and international payments platform, today announced that its U.S. customers can now send funds directly to eligible Mastercard cards in over 60 countries, including Mexico, Guatemala, Dominican Republic, Honduras, El Salvador and Colombia, as well as within the U.S. Recipients will generally see the money appear on their cards within

https://ift.tt/T8xINXg Zebra Technologies, an innovator at the front line of business with solutions and partners that deliver a performance edge, today announced that North Shore Bank has selected Reflexis for Banking to streamline branch tasks and increase staff effectiveness and productivity to elevate the customer experience. The solution digitizes the branch inspection process, enabling managers

https://ift.tt/NryGXJD The Merchants Payments Coalition is calling on US politicians to block Visa and Mastercard interchange fee hikes that are set to take effect in April. The retailer lobby group wants Congress to investigate Visa and Mastercard’s “anti-competitive dominance” over the US credit and debit card markets, citing President Biden’s call in his State of

https://ift.tt/RPOhc8E Palamon Capital Partners (“Palamon”), a pan-European growth investor, and Corsair, a leading private equity firm targeting services, software, and payments investments in the financial services market, today announced that funds managed by Blackstone Tactical Opportunities (“Blackstone”) have agreed to make a £140 million strategic investment in Currencies Direct (the “Company”), a leading global provider

https://ift.tt/zmcn8C7 Source: InComm Payments Dollar General (NYSE: DG) today announced a series of new financial services aimed at increasing access to banking options and providing additional customer payment alternatives. New services include the introduction of Dollar General’s exclusive spendwell™ banking platform, a buy-now, pay-later test program with Sezzle® and new FIS Worldpay® card reward points

https://ift.tt/yUrfvlu Source: NCR NCR Corporation (NYSE: NCR), a global enterprise technology provider, today announced the acquisition of fintech intellectual property for Open Banking from Spoke Technologies Limited. The acquisition accelerates NCR’s move into open and international digital banking – adding data integration capabilities supporting personalization and customer-led experiences that are applicable across Financial Services and

https://ift.tt/aokquvb Stellar, on a mission to provide unprecedented access to credit-building and financial tools to underserved communities, attracted key investors to close an oversubscribed $7M initial funding round. “We created Stellar to provide credit access to the 132 million Americans who currently have poor credit or no credit,” says Stellar Founder and CEO, Lamine Zarrad.

https://ift.tt/hBzQrv9 BankiFi, the Manchester-based tech company on a mission to put banks at the heart of business has announced today that it has joined Visa Fintech Partner Connect in Europe – a programme that helps Visa`s clients deliver the next generation of digital banking solutions. The partner programme focuses on Visa’s clients who have shown

https://ift.tt/FNYbv50 On March 8th, International Women’s Day, The LHoFT, in partnership with the social enterprise KnowthyBrand, will launch its campaign for gender inclusivity. The launch event is designed to highlight and discuss some of the critical challenges and possible solutions related to diversity in the sectors of Finance and Technology. Research shows that gender diversity

https://ift.tt/Q91Uz4h MCO (MyComplianceOffice), a global provider of conduct risk and compliance technology, today announced the execution of an agreement for the acquisition of Schwab Compliance Technologies (SCT). SCT serves some 700 clients providing a SaaS solution that automates asks associated with monitoring employee trading activity and efficiently administering a firm’s Code of Ethics. The acquisition

https://ift.tt/inOmkYX MillTechFX, the FinTech affiliate of Millennium Global Investments, has appointed Stuart Gulliver, former HSBC Holdings Plc Chief Executive Officer, to its International Advisory Board. Stuart joins existing International Advisory Board members Sir Ronald Cohen, Vikram Gandhi and Chairman Alan Eisner. MillTechFX will be able to draw upon Stuart’s vast experience in international finance to

https://ift.tt/mANuJVQ Thirdfort, a risk management platform for professional services, has secured £15m in a Series A round. The company will use the financing to ramp up growth and product development, in line with its vision to build a seamless and flexible platform for beautifully secure client onboarding and payments. The fundraise was led by Breega,

https://ift.tt/L0yc5Z4 Dash, a Ghanian fintech attempting to create a mobile money equivalent of the Visa and Mastercard networks in Africa, has raised $32.8 million in an oversubscribed seed round. The round was led by New York-based global private equity and venture capital firm Insight Venture Partners, with participation from Global Founders Capital and 4DX Ventures.

https://ift.tt/4cRxLz6 Bharti Airtel has struck a deal with India’s Axis bank to roll out a range of financial services products to its 340 million customers. For Bharti Airtel, the collaboration will see the introduction of a co-branded credit card, instant loans and buy now pay later offerings, while Axis Bank will leverage Airtel’s suite of

https://ift.tt/Lz8A3MK Tesco Bank is using biometric authentication technology from Onfido to speed up onboarding for its Clubcard Pay+ account, through which users can ring-fence their grocery spend from any existing bank account. Launched in January, Tesco Clubcard Pay+ enables members to pay with their Clubcard and pick up extra loyalty points wherever they shop. Clubcard

https://ift.tt/GnK3gSR US-based payments software company Stax has grown from a kitchen table startup to a billion dollar business after raising $245 million Greater Sum Ventures (GSV), HarbourVest Partners and Blue Star Innovation Partners. Founded in 2014 by siblings Suneera Madhani, CEO, and Sal Rehmetullah, president, Stax drives the payments ecosystem for more than 22,000 small

https://ift.tt/5FnRwY1 UK cross-border e-payments firm PPRO has boosted its presence in Asia Pacific through the acquisition of Alpha Fintech. Financial terms of the deal were not disclosed. Alpha Fintech’s cloud-based platform promises seamless integration of digital payments products and services, from processing and merchant management to risk management, fraud prevention, and data analytics. The Apac-focussed

https://ift.tt/P8gWr7Q Register for our upcoming webinar with Onespan on 12 May at 15:00 BST, as industry experts discuss navigating regulatory compliance to advance your digital agendas and transform your services. Application and forms abandonment rates are high – up to 66% for certain types of financial products. Banks and FIs often turn to automation to

https://ift.tt/b1Z3Utv Finextra has today announced a partnership with financial services software provider, Finastra, for its annual event, Hack to the Future. Hack to the Future 4 – A fintech movement igniting a world of financial sustainability, inclusion, and empowerment. Launched today – to coincide with International Women’s Day – and running until 10 April, the

https://ift.tt/Xo0NWug Royal Bank of Canada has added a feature to its app that lets customers divide the cost of an expense amongst a number of contacts, request the money and track who’s paid. RBC says it has seen a big change in how Canadians move money over the last two years, with the monthly volume

https://ift.tt/ecNfdS9 The Financial Conduct Authority has again raised concerns about Binance after the crypto group completed a deal that effectively gives it control of a UK regulated company. Binance, through a recently formed unit called Bifinity, has agreed to advance a $36 million convertible loan to crypto firm Eqonex. The deal gives Bifinity the right

https://ift.tt/q3n0hwN Recently the SEC issued a nearly 700-page plan that proposes re-defining Alternative Trading Systems (ATS).  SEC commissioner Hester Peirce has called the plan “a Trojan Horse” aimed at driving out the crypto exchanges and decentralized finance communities. At the same time the White House is expected to issue a memorandum on crypto’s potential threat

https://ift.tt/YCTpzyt There’s no doubt that both Omicron and the crisis in Ukraine are having impact on both travel and trade. Global trade, payments and expenditure patterns both for retail and corporate clients will continue to shift rapidly. No predictions here on global politics or pandemic mutations, but I think it is clear where we are

https://ift.tt/FvjqETH In the world of growing instability, payments, especially cross-border, is one of the most susceptible spheres. That is why the necessity to have a modern and smart way to manage payments comes to the fore now. The more so, the payments technology landscape is complex and full of legacy solutions that are fragmented by

https://ift.tt/RI6oTrg Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 10:00 AM, Job Openings and Labor Turnover Survey for January from the BLS. On COVID (focus on hospitalizations and deaths): COVID Metrics   Now WeekAgo Goal Percent fully Vaccinated 65.1% — ≥70.0%1