FinTech

NYSE Parent Invests $600M in Polymarket, Strengthening Market Position

This significant investment signals confidence in the future of predictive markets.Highlights: NYSE's parent company allocates $600M to Polymarket.Investment aims to boost predictive market capabilities.Polymarket continues to innovate in financial...

Nexi Expands SEPA Direct Debit with Danish Banks, Enhancing Payments Integration

Nexi's collaboration with Danish banks aims to strengthen payment services across Europe.Highlights: Nexi partners with several Danish banks...

Lloyds Confirms App Glitch Exposed Data of Almost Half a Million Customers

The significant data breach prompts concerns over customer privacy.Highlights: Lloyds Banking Group admits to a data breach affecting...

Mastercard Restricts Sale of Nets Payments Unit Purchased for $3.2 Billion

Mastercard looks to divest its Nets payments segment as part of strategic realignment.Highlights: Mastercard is seeking to sell...

Saudi Arabia Issues First Major Payment Institution License to Lean Technologies

This marks a significant step in the Kingdom's fintech landscape.Highlights: Lean Technologies receives Saudi Arabia's first major payment...
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Iwoca lands £200m debt facility from Barclays and Värde Partners

Iwoca, a UK-based SME lender, secures £200 million in a new debt facility. Founded in 2011, Iwoca provides embedded lending solutions for small...

Spice Money taps NSDL Payments Bank to offer zero balance accounts to rural India

Indian fintech Spice Money partners with NSDL Payments Bank. They offer zero balance accounts to rural Indians. Spice Money utilizes its network of...

Paytech Medius taps acquired Expensya talent for two new senior appointments

Medius acquires Expensya and appoints two senior executives. Karim Jouini, former CEO of Expensya, becomes Chief Product and Technology Officer at Medius.Tasked...

US Treasury grants Truist $65m NMTC allocation to spur investment in underserved communities

Truist Community Development Enterprises (CDE), a subsidiary of Truist Financial Corporation, secures a $65 million New Markets Tax Credit (NMTC) allocation from the...

Yemen’s Tadhamon Bank upgrades to latest version of Azentio’s iMAL core banking platform

Tadhamon Bank extends partnership with Azentio Software:Tadhamon Bank, an Islamic bank in Yemen, renews its partnership with Azentio Software, a Singapore-based tech firm. ...

US fintech Stash lands $40m in funding and appoints Amy Butte as independent audit chair

Stash raises $40 million in new funding:Led by funds advised by T. Rowe Price, with participation from existing investors. Follows previous rounds of...

Demystify Podcast: Demystifying DeFi with U-Zyn Chua, CTO and co-founder of Cake Group

U-Zyn Chua, CTO and co-founder of Cake Group, guest on Demystify Podcast. Involved in cryptocurrency since 2009, starting with Bitcoin. Interest in cybersecurity...

Japan’s 77 Bank taps Fujitsu to launch in-store banking tablets

Japanese regional bank 77 Bank collaborates with Fujitsu. Tablets were introduced at all 144 bank branches for customer transactions. Transactions include opening accounts,...

US payments start-up Braid winds down operations

Braid, a San Francisco-based consumer payments start-up founded in 2018, has shut down as of September 2023. Braid shuts down operations due to...
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