Cloud-native SaaS core banking platform 10x Banking partners with Deloitte in US and UK strategic Alliance Agreements, creating 10x Centres of Excellence 10x Banking, the cloud-native SaaS core banking platform, and Deloitte have announced strategic Alliance Agreements in the US and UK to strengthen cooperation in delivering technology-enabled transformation to financial institutions worldwide. The alliance […]
Fintech
New Zealand consults on digital cash
The Reserve Bank of New Zealand has opened a consultation on the potential launch of a central bank digital currency. The central bank says the currency would be “digital cash”, backed by the government and sitting alongside notes and coins. Explaining the potential benefits of a CBDC, the Reserve Bank’s director of money and cash, […]
TokenEx and Ixopay to merge
Cloud tokenisation provider TokenEx has agreed a merger with payments orchestration platform Ixopay. Financial terms were not disclosed. The two firms say the merger brings together the strengths of TokenEx’s expertise in tokenisation of payment data, and Ixopay’s payments orchestration, including transaction routing & reconciliation capabilities. This will offer merchants the ability to use multiple […]
Revolut’s Suggested Valuation up 45% With Schroders’ Writeup
Schroder, a prominent investor in Revolut, reportedly believes the FinTech’s value has climbed 45% since last year Schroder, shareholder of Revolut Ltd., believes the company to be 45% more valuable compared to a year ago, indicating a growing interest among investors in the fintech sector. Global investment in fintech nosedived in 2023, plunging to a […]
Canada’s real-time payment system won’t launch before 2026
The launch of Canada’s oft-delayed Real-Time Rail (RTR) payments system will now not happen until at least 2026, with new tech partners IBM and CGI brought in to the process. Following the completion of a second review, the RTR programme will resume with “renewed momentum,” says Payments Canada. Part of a multi-year, multi-system payments modernisation […]
Ex-N26 staffers raise €35m for embedded finance startup
Finmid, a German financial infrastructure provider targeting B2B marketplaces, has emerged from stealth with €35 million in early-stage equity funding. Blossom Capital, Earlybird VC, and N26-founder Max Tayenthal joined the round for Berlin-based finmid, which was founded in 2021 by former N26 staffers. Finmid argues that banking has become distant and impersonal, leaving small and […]
Fintech leads the way for UK technology investment
Fintech is back on top as the UK’s most-funded startup sector according to new analysis from HSBC Innovation Banking and Dealroom. In 2023, energy surpassed fintech to be the UK’s most funded startup sector for the first time. But In Q1 2024 with $1.4 billion raised across 73 rounds – including notable late-stage rounds for […]
Revolut Investor Says FinTech’s Value Has Jumped 45%
A Revolut investor reportedly believes the FinTech’s value has climbed 45% since last year. An investment trust overseen by Schroders has upped its stake in the British company, from 7.88 million pounds ($9.75 million) as of Dec. 31, from 5.44 million pounds ($6.75 million) a year earlier, Bloomberg News reported Monday (April 15). The Bloomberg report notes that while Schroders’ stake […]
Digital Wallets Can Transform B2B Payments — But Will They?
There is a growing disconnect between consumer-focused payment advances and commercial ones. And while it’s not new news that business-to-business (B2B) payments often lack the intuitive, user-friendly interfaces that have come to be viewed as table stakes in today’s digital age — with the revelation that emerging decision-makers are avid digital wallet users, embracing the consumerization […]
Can buy now, pay later hurt your credit score?
You’ve probably noticed that when you’re shopping online or sometimes in a retail store, you can select a buy now, pay later (BNPL) option, which is a type of installment loan that generally allows a consumer to buy something at the point of purchase with little or no initial payment and then pay off the […]