Company News

CardWorks and Ally Financial pull the plug on merger because of Covid-19

Back in February, technology-enabled finance lender and compliance solution CardWorks announced it would be acquired by digital financial services firm Ally Financial. However, now those plans have been cancelled.
Fortitude

Fortitude Re welcomes Ming Zhang and Andrew Sooboodoo in pivotal roles

Fortitude Re has named Ming Zhang as their new Chief Risk Officer and Andrew Sooboodoo as its new Chief Regulatory Officer.
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Metro Bank announces Insights, a new personal finance service

British challenger bank Metro Bank has revealed its AI-powered money management service Insights.

EMTECH, HaitiPay link to launch first Haitian CBDC

EMTECH, a central bank digital currency (CBDC) infrastructure provider, has teamed with Haitian FinTech HaitiPay to demo a CBDC and what impact it could have on the economy.
Simplifai, the Secure AI Automation provider, has been chosen by ERV Nordic to enhance the efficiency of their travel insurance claims handling processes.

ERV Nordic chooses Simplifai to automate their claims management

Simplifai, the Secure AI Automation provider, has been chosen by ERV Nordic to enhance the efficiency of their travel insurance claims handling processes.

Zenus Bank becomes Visa principal member

As the US challenger bank Zenus Bank gears up to open later in 2020, it has now become a principal member of Visa.

Vesttoo fraud scandal: The story so far

Vesttoo ended 2022 by obtaining the much coveted Unicorn status, however 2023 has been anything but a fairytale, as the Israeli FinTech has found itself mired in the midst of a public fraud scandal.

Ripple launches $50m blockchain research fund for universities

Ripple has announced a new $50m fund to finance university research into blockchain and cryptocurrency technologies.

BalkanID scores $5.75m seed financing

BalkanID, a company focused on the identity, governance and administration (IGA) space, has landed $5.75m in a seed funding round.
Muinmos

Muinmos links with FX Back Office to transform FX broker onboarding and CRM

Muinmos, and FX Back Office (FXBO), have formed a partnership aimed at providing onboarding, KYC, and CRM solution for FX brokers globally.

News Stories

Solid week for FinTech deals with 28 recorded

A total of $459m was raised across all the FinTech deals that were recorded this week by FinTech Global.  Leading the way of all the...
Paystand spearheads zero-fee B2B payments network expansion into Canada

Paystand spearheads zero-fee B2B payments network expansion into Canada

Paystand, renowned for its blockchain-enabled B2B payments, is extending its zero-fee network to Canada, enhancing the scope of its services beyond the initial limited offering since 2018.
Hex Trust joins forces with Grass to revolutionize AI data collection

Hex Trust joins forces with Grass to revolutionize AI data collection

Hex Trust, a prominent digital asset solution provider catering to institutional finance and the Web3 ecosystem, has announced a strategic partnership with Grass.
Avaloq and Zürcher Kantonalbank launch innovative digital asset service

Avaloq and Zürcher Kantonalbank launch innovative digital asset service

Avaloq has introduced its cutting-edge digital asset platform at Zürcher Kantonalbank (ZKB), one of Switzerland's premier banking institutions, in collaboration with Fireblocks.
Barq and Mastercard collaborate to transform payment technology in Saudi Arabia

Barq and Mastercard collaborate to transform payment technology in Saudi Arabia

Barq, a pioneering FinTech startup from Saudi Arabia, has joined forces with the global financial services giant, Mastercard.

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