Fintech

Last week, the Federal Reserve cut interest rates by half a percentage point. Now, The Wall Street Journal reported Thursday (Sept. 26), small business owners aren’t sure how to proceed. In some cases, the report says, the rate cut is prompting businesses to invest. For example, there’s Rental Concepts, a tire-and-wheel retailer in Arkansas, which […]

A new digital wallet and instant payment solution dubbed “Wero” is reportedly being rolled out across western Europe. Backed by 16 of the European Union’s major banks and payment processors, Wero will allow consumers to pay with their own bank account, Bloomberg reported Friday (Sept. 27). Wero aims to provide consumers with an alternative to Visa and Mastercard cards, according to […]

Tapping into the global economy requires successfully navigating the challenges associated with cross-border payments. Even relatively simple tasks, like processing payments in foreign currencies, can become major headaches if you fail to account for the volatility of exchange rates. Proactively addressing common challenges like fraud, regulatory compliance, and processing times can help protect a company’s […]

Swedish fintech giant to launch buy now, pay later services on Adyen’s payment terminals across Europe, North America and Australia Klarna, the Swedish financial technology company specialising in buy now, pay later (BNPL) services, has announced an expanded partnership with Adyen, the Dutch payment processing platform, to extend its offerings to physical retail locations. The collaboration will see Klarna’s BNPL […]

KaiOS, the operating system that brings the best of the internet to affordable devices, announced a partnership with Mastercard (NYSE: MA) to integrate a range of digital payments solutions. Mastercard and KaiOS explained in a blog post that they will aim to deliver affordable payment acceptance devices and “stimulate the growth of a more inclusive, connected […]

 The overseas arm of India’s National Payments Corporation of India (NPCI) will build a digital payments system for Trinidad and Tobago, modelled after India’s United Payments Interface (UPI), according to a statement on Friday. The NPCI International Payments Limited (NIPL) said its deal with the Ministry of Digital Transformation of Trinidad and Tobago is to […]

Ericsson and INFORM integrate AML and fraud management solutions into Ericsson’s Wallet Platform, bolstering security for banks and telecoms Ericsson, the Swedish telecommunications firm, and INFORM, a German provider of anti-money laundering (AML) and fraud management solutions (FMS), have announced a partnership to enhance financial services security. The collaboration aims to integrate INFORM’s RiskShield, an […]

Australian debt collection fintech valued at £350m (US$467m) as it eyes global expansion and potential acquisitions in the Middle East and South America InDebted, a fintech company specialising in digital debt collection, has raised £50m (US$66m) in a Series C funding round. The Sydney-based firm, which uses artificial intelligence and machine learning to personalise debt […]

New features added to Mastercard’s Consumer Fraud Risk solution aim to help UK banks identify and prevent APP scams as regulatory changes loom Mastercard, the global payments technology company, has announced an expansion of its artificial intelligence (AI) capabilities designed to help banks protect consumers from increasingly sophisticated payment scams. The enhanced Consumer Fraud Risk […]

Consumers and businesses want convenient, reliable and secure ways to secure financial transactions. Over the years, the financial industry has answered with several payment innovations that push the boundaries of what’s possible. More and more people are turning to digital payments. In 2024, the total transaction value for digital payments is forecasted to reach $11.53 […]