Remittances

Rapyd snares $300m Series E to accelerate growth and acquisitions

US payments network Rapyd has secured $300m from a Series E funding round led by Target Global.

Finnish Telia and OP Bank enabled customers to buy frosty treats with just an...

OP Bank and Telia have trialled their new facial recognition payment service with an ice cream van.

Globe Fintech Innovations secures funding to support financial inclusion in the Philippines

Globe Fintech Innovations, which operates the mobile wallet GCash, has received an investment to support the growth of financial inclusion.
fintech insurtech wealthtech regtech ai cybertech esg news

Geoswift, Bank of Shanghai partner for new remittance service launch

Cross-border payments solution Geoswift has partnered with Bank of Shanghai to launch a remittance service later this year.
fintech insurtech wealthtech regtech ai cybertech esg news

Transfast lands $40m credit facility from Comvest Partners

Cross-border payment provider Transfast has picked up a $40m credit facility from investment firm Comvest Partners.

Freight payment platform PayCargo pulls in $125m to speed up international expansion

Freight payment platform PayCargo raised $125m in Series B funding to continue developing its cloud-based payments network.

Papaya to acquire Azimo to boost its payroll capabilities

Papaya Global, the global people management platform for the remote working era, has agreed to acquire Azimo, global digital cross-border payments service.

Plastiq and Ramp team up to enable businesses make large payments via its corporate...

B2B intelligent payment solutions provider Plastiq and American corporate card Ramp are collaborating to help companies pay for every kind of corporate cost with the Ramp card.

UK FinTech giant Revolut launches in-person POS services

UK FinTech giant Revout has launched its first hardware device as it moves into the in-person payment solution market.

Brex-rival Ramp more than doubles valuation to $3.9bn after Thiel’s Founders Fund-led round

FinTech startup that offers corporate cards and software for managing employee expenses Ramp valued at $3.9bn after a $300m funding round led by billionaire Peter Thiel’s Founders Fund.

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.

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