Fintech

Agent IQ and Narmi announce a strategic partnership to enhance digital banking solutions, offering advanced AI-driven experiences to community banks and credit unions. The collaboration is set to transform the digital banking landscape by enabling financial institutions to offer seamless, personal, and AI-powered customer experiences. By merging Narmi’s cutting-edge digital banking platform with the personal […]

Shopify Ventures, Capital One Ventures, Accel, Bessemer, Coatue, Frontline Ventures, General Catalyst, Latitude and Thrive Capital joined the Series E for New York-based Melio. The funding follows a ten-fold increase in revenue since the last $110 million round three years ago. Melio’s platform integrates cash flow management, accounts receivable and accounts payable solutions to help […]

House Republicans are warning against what they argue is regulatory overreach in bank-FinTech partnerships. The lawmakers — all members of the House Financial Services Committee – issued a letter Thursday (Oct. 31) to regulators at the Federal Reserve Board, Office of the Comptroller of the Currency (OCC), and Federal Deposit Insurance Corp. (FDIC) responding to […]

With billions of dollars processed every day, cross-border trade payments have become increasingly complex. Companies must navigate a range of banks, clearinghouses and payment processors, all of which assess fees and contribute to potential delays. Traditionally, cross-border payments are slow, opaque and costly, causing cash flow problems for businesses. For instance, intermediary banks involved in […]

Consumers are increasingly seeking more personalised benefits from their credit card providers, such as rewards and loyalty points, according to a new survey by card issuing platform Marqeta.  In its fourth annual ‘State of Credit‘ report, Marqeta found that customer loyalty to credit cards is shifting, as the public explore new financial products and services that […]

e& UAE, the telecom arm of e&, has unveiled a suite of AI-powered solutions designed to support SMEs in partnership with tech giant Microsoft. Through the solutions, which include Microsoft 365, Dynamics 365, Azure, and AI Copilot, e& UAE and Microsoft are aiming to help equip SMEs with the capabilities required to boost productivity, elevate […]

Bangladesh-based bank, Mutual Trust Bank PLC, has successfully migrated its e-commerce acquiring services to a payment gateway from UK-based paytech Compass Plus Technologies.  Mutual Trust Bank has upgraded its service capabilities with the migrational, which has also enabled it to achieve 3DS 2.2 certification, ensuring secure, seamless transactions. The Dhaka-based bank explained that, driven by an […]

Tap-to-pay transactions have become an integral part of the payments landscape, but they represent only half of the mobile payments equation. The same contactless payment chip that smartphones use to transmit payment data can also receive payments through tap-to-phone technology. That functionality turns any mobile device into a payment terminal, and there are a multitude […]

Over the summer, some users of the social media app TikTok said they had discovered a “glitch” in the workings of Chase Bank. They found that they could deposit sizable checks into Chase ATMs, then withdraw the money in cash before the bank realized the checking accounts could not cover the amounts. They tended to […]

In the increasingly complex and competitive world of commercial payments, the benefits of automating the accounts receivable (AR) and accounts payables (AP) functions continue to grow. Automation allows companies to maintain tighter control of their spending, take better advantage of price breaks, and use their financial and human resources more efficiently. Organizations can benefit from […]