Category: Fintech

Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution
January 17, 2025 BY Sam Boughedda

Broadridge Adds GenAI-Powered Advanced Analytics Features to Platform

The enhancement is said to be a key component of Broadridge’s OpsGPT application and aims to streamline trade data analysis and operational reporting. The company explained that the GenAI-powered functionality allows users to generate insights and visualisations from their trade data using natural language, effectively eliminating the need for complex data migrations.  “Integrating this AI…

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Nuvei
January 17, 2025 BY Sam Boughedda

Nuvei Partners with Outpayce from Amadeus to Enhance Travel Payment Solutions

The company explained in a press release that the collaboration is expected to enhance the payment capabilities available to travel businesses, offering transaction processing across various global markets. The partnership allows travel businesses using Outpayce's XPP to access Nuvei's expansive suite of payment solutions.  They add that the integration simplifies the adoption process by providing…

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January 16, 2025 BY Sam Boughedda

Wise Reports 24% Volume Growth in Q3

The company said in its third-quarter results that its growth was driven by its expanding customer base, which now totals over 9 million active users, marking a 20% increase from the previous year. The company's Wise account balances also saw a significant boost, growing by 26% to £16.2 billion. Continued adoption of the Wise account…

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Reduced retail sales curbs the pound
January 16, 2025 BY Sam Boughedda

CAB Payments to Cut 20% of Workforce

The company announced the move in its 2024 pre-close trading update on Thursday, explaining that it is aimed at aligning the company's operational structure with its growth ambitions and improving operational leverage. The decision comes in response to challenging market conditions, including a stronger dollar, reduced aid flows, and political uncertainty impacting demand for cross-border…

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Freetrade raises £30m from existing and new investors
January 16, 2025 BY Sam Boughedda

IG Group Acquires Freetrade in £160m Deal

The move is expected to bolster IG's trading and investment offerings in the UK, helping to expand its reach to new customer segments and enhance its technological capabilities. The deal will be funded in cash from IG’s existing capital resources. Completion is expected in mid-2025. Breon Corcoran, CEO of IG, said it is a “rare…

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equiti logo
January 15, 2025 BY Sam Boughedda

Equiti Gains In-Principle Approval to Launch Investment Fund

It marks the inaugural product under its newly introduced platform, Equiti Wealth, aimed at offering diverse wealth management solutions tailored to long-term investment needs. The Equiti Global Balanced Fund is designed to provide investors with access to a wide array of professionally managed funds, with a minimum investment threshold set at $1,000.  "Today signifies a…

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January 14, 2025 BY Sam Boughedda

Thunes and Hyperwallet Expand Payout Access Across Asia-Pacific

Hyperwallet is a PayPal service for global payouts. The partnership lets Hyperwallet's customers send real-time payments to over 450 million mobile wallets and bank accounts in countries including Bangladesh, Indonesia, Malaysia, the Philippines, South Korea, and Vietnam. The company said the new alliance comes in response to the rapidly growing digital wallet usage in Asia-Pacific,…

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January 14, 2025 BY Sam Boughedda

Worldline Extends KBC Partnership in New 6-Year Agreement

The new six-year agreement will see Worldline continue to provide issuing and transaction processing services for KBC in the Belgian market. Furthermore, the renewed partnership is expected to build on a strong foundation of trust and co-creation between the two companies, aiming to support KBC's ambitions in the financial sector.  Worldline’s customer-centric solutions and service…

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January 10, 2025 BY Sam Boughedda

Bank Alfalah Acquires 9.9% Stake in Jingle Pay

Describing Jingle Pay as “one of the fastest growing fintechs in the MENAP region,” Bank Alfalah said the investment highlights “its commitment to driving digital transformation.” Jingle Pay, well-known for its AI-powered tech stack, processed over 2 million transactions and facilitated more than $1 billion in international money transfers in 2024, saving customers over $6…

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Revolut
January 09, 2025 BY Sam Boughedda

Revolut Partners with Pyth Network as a Data Publisher

The collaboration allows digital banking firm Revolut to contribute its price data to the decentralized finance (DeFi) ecosystem. Since its launch in 2015, Revolut has challenged traditional banks with services ranging from international money transfers to cryptocurrency trading.  The company now has over 45 million users across 200 countries. Through its partnership with Pyth Network,…

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