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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SumUp picks Form3 to access UK Faster Payments Scheme

SumUp, a financial partner for millions of businesses worldwide, has selected Form3, a cloud-native payments platform, to gain direct access to the UK Faster...

FTC files amended money transfer fraud complaint against Walmart

The Federal Trade Commission (FTC) has filed an amended complaint against Walmart, alleging that the retailer allowed its money transfer services to be used...

Former Goldman Sachs partner joins Clowd9 as CFO

Former Goldman Sachs partner Christian Channell has joined Clowd9 as its Chief Financial Officer (CFO). Channell's extensive experience in financial planning and operations, as...

UK challenger Tandem Bank secures £20m in funding

UK challenger bank Tandem has secured £20 million in new funding from Quilam Capital. The funding will support Tandem's growth trajectory and enhance its...

South Korea sets out measures to promote competition in banking sector

South Korea's financial authorities have introduced new measures to foster competition in the banking sector. The initiatives include allowing more banking players to enter...

Mbanq’s BaaS offering supports US debut of SME-focused Cheqly

Cheqly, a San Francisco-based fintech, has partnered with Mbanq's Banking-as-a-Service (BaaS) platform to launch its SME-focused digital banking services in the US. Cheqly offers...

BIS names Maha El Dimachki as new head of Singapore innovation hub

Maha El Dimachki has been appointed as the new head of the BIS Innovation Hub Centre in Singapore by the Bank for International Settlements...

Honouring the innovators: PayTech Awards 2023 winners revealed

The PayTech Awards 2023 recognized outstanding achievements in the payment technology sector, with a total of 37 winners and 27 highly commended entries across...

BBVA launches jobs portal to attract in-demand STEM talent

BBVA, the Spanish bank, has launched a jobs portal to attract STEM professionals and fill over 2600 technology roles worldwide. The portal not only...
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