Mobile Payments

Mox bolsters banking offering with new BNPL service

Hong Kong virtual bank Mox has introduced a new buy now, pay later (BNPL) solution that can split purchase payments over a 36-month period.

How financial institutions can succeed in mobile banking post-pandemic

A OneSpan blogpost has underlined how financial institutions (FIs) can compete in the mobile banking sector following the shifts brought about by the Covid-19 pandemic.

Over 25% of non-cash transactions to be instant and e-money payments by 2025

A report by Capgemini on world payments who found that instant and e-money payments will make up over a quarter of all non-cash transactions by 2025.

Mr Yum eyes a bigger piece of the PayTech Pie following Series A

Australian mobile payments firm Mr Yum has snared £48m from a Series A funding round led by Tiger Global.

Alma lands funding for responsible lending mission

French Buy Now, Pay Later (BNPL) startup Alma has closed a $130m Series C round in addition to $109m in debt financing.
Mexico-based-PayTech-app-Nelo-raises-$100m

Mexico-based PayTech app Nelo raises $100m

Nelo, which offers a consumer payments platform for online purchases in Mexico, has secured a $100m credit facility.
EMI

Terrapay secures EMI in Italy, plans EU expansion 

Terrapay has announced it has secured authorisation as an EMI in Italy, and now plans to expand its operation further into the EU. 
South African FinTech company Stitch has announced that it has landed $25m in a funding round as it looks to become a leader in the global payments landscape.

Stitch secures $25m in Series A and looks to become global payments leader

South African FinTech company Stitch has announced that it has landed $25m in a funding round as it looks to become a leader in the global payments landscape.

PayPal heads to the checkout with MasterCard deal

PayPal and MasterCard are expanding their partnerships to the checkout by increase PayPal's footprint at the point of sale through contactless payments.

Karmic Labs bags $17.2m Series B

Payment provider Karmic Labs has bagged $17.2m in its Series B funding round and adds two new members to its board of directors.

News Stories

Validata and Temenos enhance bank reconciliation with extended technology partnership

Validata and Temenos enhance bank reconciliation with extended technology partnership

Validata, a leading provider in AI-driven reconciliation and data management tools, has partnered with Temenos, a banking software developer. 

Corpay boosts market presence with strategic Paymerang acquisition

Corpay, which offers corporate payments, has officially announced its intent to acquire Paymerang, a top provider of accounts payable automation solutions.
Canadian sustainable fixed income funds excel in early 2024

Canadian sustainable fixed income funds excel in early 2024

Canadian sustainable fixed income funds have made a robust start to the year, with the Morningstar Canada Sustainable Fund Landscape for Q1 2024 reporting an impressive $193.3m in inflows.
Pomelo and Thunes innovate cross-border finance with new digital wallet solution

Pomelo and Thunes innovate cross-border finance with new digital wallet solution

Bloomberg today unveiled a groundbreaking tool on the Bloomberg Terminal that enables investors to scrutinize portfolios, funds, and indices through sustainability thresholds tailored by the users themselves.
“The top 10 banks for AI talent currently account for 51% of the overall banking industry talent pool—a huge advantage when it comes to AI adoption. This concentration of AI talent has real consequences. If the banks that lag behind cannot close the gap, the race to implement AI will become an uphill struggle.”

US banks are surpassing European counterparts in AI talent growth

In the past six months, the world's foremost banks have expanded their AI talent by 9%, a rate that doubles their overall headcount growth, according to a survey from Evident.

Download the free AIFinTech100 report

FREE

Download the AIFinTech100 report for 2023 with details on each solution

120,000+ FinTech leaders get exclusive industry stories delivered every week