Category: Fintech

The Singapore-based fintechs said that they will now integrate their technologies in both directions, with iPiD utilising Nium’s Verify infrastructure to enhance its own validation capabilities, and Nium leveraging iPiD Node to extend its EU reach.  The collaboration will provide audit-ready coverage in all 41 SEPA countries, alongside Nium’s existing instant account verification in 25…

The in-principle approval covers Stored Value Facilities and the Retail Payment Services and Card Schemes licences, a prerequisite for the full licences needed to launch operations in the country.  Once granted, the company said it plans to offer merchant acquiring, payment aggregation, e-wallet issuance, and domestic and cross-border fund transfers. H.E. Badr Al-Olama, director general…

The approval enables TransferMate Pte. Ltd. to expand its services in Singapore, allowing clients to store funds in dedicated local Global Accounts.  The company stated that this enhancement will make it easier for customers with Asian operations to transfer money in and out of the region, convert currencies, and manage payroll and supplier payments from…

The approval enables WorldFirst to expand its product suite in Malaysia, supporting small and medium-sized enterprises (SMEs) with global payment collections, foreign exchange services and treasury management.  The licence adds to WorldFirst’s portfolio of over 60 regulatory approvals worldwide. Clara Shi, Vice President of Ant International and CEO of WorldFirst, said: “The licence marks a…

Barclays and BNP Paribas join the latest group of major bank investors, which already included Citi, Morgan Stanley, State Street, UBS and J.P. Morgan.  The round also saw increased contributions from venture firms Canapi Ventures, 9Yards Capital and Greenfield Partners, all of whom backed Capitolis’ Series D in 2022. The New York-based company said the…

The partnership will see Uptiq’s AI platform integrated into Broadridge’s Wealth Lending Network (WLN), a digital service that connects wealth managers and advisors with lenders offering securities-based lines of credit.  The combination is designed to automate securities-based lending (SBL) workflows, deliver tailored loan insights, and enhance client outcomes. “With Uptiq’s AI-powered tools and Broadridge’s Wealth…

The financial technology firm reported its Q4 results after the close on Tuesday.  Recurring revenues grew 7% year-on-year to $1.42 billion, driven by new business and internal growth.  Operating income rose 13% to $499 million, with the margin increasing to 24.1% from 22.7% a year earlier.  Net earnings climbed 16% to $374 million. Adjusted earnings…