Category: Fintech

Visa
August 25, 2022 BY Steffy Bogdanova

As demand for Visa Tokens Services surges, the tokes surpass physical cards in circulation

According to the official announcement, E-commerce volume has increased by over 50% since the beginning of the pandemic. With that growth come customer requirements for safety. The Visa Token Service replaces the 16-digit Visa account numbers with a digital token only Visa can unlock, helping to protect the underlying account information. Forestell added: This milestone…

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Broadridge
August 14, 2022 BY Steffy Bogdanova

Broadridge revenue jumps 14% in FY21 and 12% in Q4

Full year The total revenue during the financial year 2021 reached $5,709 million, 10% higher than 2020 when it was $4,994 million. The operating income stood at $760 million for the year, 12% higher than the previous year. The company also reported that the adjusted operating income was $1,006 million registering a 18% increase. Diluted…

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United Fintech announces new office in Madrid
August 02, 2022 BY Steffy Bogdanova

United Fintech opens a developer hub in Madrid

Erik Nordahl, CTO, United Fintech added: Our expansion in Madrid is a great strategic move, enabling us to continue to access top technology talent for our own initiatives, client projects, and to help scale our portfolio companies. The impact of our global sales force is resulting in increased activity for our portfolio companies and the…

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Equinix expands footprint in India with a fourth data centre
July 28, 2022 BY Steffy Bogdanova

Equinix net income reaches $216 million in Q2

In June this year, Equinix appointed Fidelma Russo and Jeetu Patel to its board of directors. Earlier this year, the digital infrastructure company expanded its global presence in  Chile and Peru. Next quarter outlook The company stated that for the third quarter of 2022, it expects a 1-2 % increase in revenue compared to Q2,…

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Australia
July 25, 2022 BY Steffy Bogdanova

Volt Bank returns all client deposits

Most of Volt’s clients initiated transfers to other banks. Now the bank has voluntarily transferred the balances of the remaining 441 customers, a total value of AU$113,073, to the National Australia Bank (NAB). The official announcement said: APRA closely monitored the return of deposits process, and formally approved the transfer of deposits to NAB using…

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July 13, 2022 BY Steffy Bogdanova

Illuminate Financial announces investment from Citi

Sandeep Arora, Head of Digital and Chief Investment Officer of Citi's Institutional Clients Group, said: Citi has a strong track-record of partnering with FinTechs to build digital solutions for our clients and believe this strategic investment will provide earlier visibility into new technologies and complement our direct investing program. Mark Beeston, Founder and Managing Partner…

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Cornerstone revenue
July 11, 2022 BY Steffy Bogdanova

Cornerstone FS sees strong revenue growth in H1 2022

Much of the gains were attributed to the Group’s Asia team that was brought on board in the second half of 2021. This change to majority direct revenue has had a positive impact on the Group’s gross margin. This is expected to rise 61% for the first half of 2022 from 38.1% for the same…

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First Derivative opens new office inPoland
June 21, 2022 BY Steffy Bogdanova

First Derivative announces a new office in Poland

David Collins, Managing Director, First Derivative, said: We have ambitious plans for Poland, and Łódź is the perfect location to expand our presence in engineering and strengthen our solutions Head of the Polish office To lead the new office, First Derivative has appointed Szymon Kaczmarczyk. Before he joined the company, he held a management role…

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Ziglu teams up with ClearBank to expand banking offering
June 08, 2022 BY Steffy Bogdanova

Ziglu teams up with ClearBank to expand banking offering

With this partnership, Ziglu’s end-customers can take advantage of safeguarded accounts that the ClearBank’s platform gives them. ClearBank payments are cleared in-house and funds, held securely at the Bank of England, are not used for investment purposes. According to the official announcement, the two firms are currently exploring a future phase of the partnership to…

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