Fintech

Plastiq, a US startup that lets SMEs pay any bill by credit card, has raised $75 million in a Series D funding round led by B Capital Group. Kleiner Perkins, Khosla Ventures, Accomplice and Top Tier Capital Partners, all previous investors, also participated in the round, bringing Plastiq’s total funding to date to more than […]

The Digital Dollar Project has put together a 22-strong advisory group to help shepherd its work on the creation of a US central bank digital currency (CBDC). The project is the brainchild of former CFTC chair Chris Giancarlo, ex-CFTC chief innovation officer Daniel Gorfine and Pure Storage CEO Charles Giancarlo, who have set up a […]

Financial services consulting firm Delta capital has secured a $50 million investment from Singapore VC Prytek Holdings. The investment will see Delta Capital become the financial services arm of Prytek, gaining access to a further $100 million of capital for future acquisitions and funding for client transactions. Prytek currently has 35 companies in its portfolio […]

Australian telecommunications firm ZipTel has entered a binding agreement to acquire US-based smart money management app Douugh. Douugh offers a subscription-based financial wellness platform, which helps customers with money management, paying off debt, saving more each month, and building up their wealth by using a ‘smart’ bank account and Mastercard debit card. Having integrated and […]

Finastra has powered up servers that were brought offline at the tail-end of last week following a possible ransomware attack. Finastra on Friday informed customers of a “potential security breach”, warning that “we are anticipating some disruption to certain services, particularly in North America”. With servers offline, the company closed some offices in Canada and […]

Banking continues to change as advancements in technology lead to the development of new banking services. The convenience and accessibility delivered through these newly developed, technology-based services are influencing the expectations businesses have for the way banking is conducted. “Businesses want access to funds and their account information the moment they need it,” says Kurt […]

The number of fintechs emerging in Saudi Arabia’s financial services landscape is changing the face of the banking industry. According to Rajesh Prasad, a partner at KPMG, banks now need to respond to the threat while at the same leverage the power of fintechs to turn the situation into an opportunity. The financial services industry […]

The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, has responded to the EU Commission’s consultation paper on Digital Operational Resilience Framework for financial services: Making the EU financial sector more secure. The WFE’s response covers a number of key areas including: Information and communications technology (ICT) and security risk […]

Fiserv has boosted its omni-commerce capabilities through the acquisition of enterprise point-of-sale systems specialist Bypass Mobile. Financial terms of the deal were not disclosed. Bypass provides back office management tools and rich insights engines for sports and entertainment venues, food service management providers and national restaurant chains. The firm already has a relationship with Fiserv, […]

Remittance outfit DeeMoney has become the first non-bank institution in Thailand to process live transactions over RippleNet. DeeMoney is currently using RippleNet to process inbound payments into Thail bank accounts between the prominent remittance corridors from South Korea, Indonesia, Singapore, Israel as well as the Middle East and Gulf regions. Currently, it is estimated that […]