Swiss fintech company GenTwo has officially launched a new office in the UK, marking a significant expansion into one of the world’s premier financial markets. This strategic move was announced during an event at the Swiss Embassy in London on October 29. The UK, known for its robust financial services industry, with London’s status as a leading global financial hub,
Earlier this week, Auquan, a leader in AI for financial services, announced they had secured an additional $4.5 million in seed funding, bringing their total seed investment to $8 million. This significant funding round was led by Peak XV, with solid backing from Neotribe Ventures, demonstrating industry confidence in Auquan’s innovative approach. The company employs AI agent architecture and retrieval
Thredd has recently launched a complimentary guide titled "Launching in America: A Guide to Issuing via BIN Sponsorship" to assist FinTechs and program managers in navigating the complexities of the U.S. payments market. The intricate regulatory framework and the diverse business landscape make it challenging for foreign entities to establish a foothold. The guide offers comprehensive insights into the American
The strategic partnership between Paydock, an eCommerce payment orchestration platform, and Aevi, a specialist in in-store payment orchestration, is set to redefine how businesses manage their payment systems. By merging Paydock’s robust digital payment infrastructure with Aevi’s in-store payment expertise, the collaboration aims to deliver a unified omnichannel payment orchestration solution. This joint effort targets financial institutions, merchants, and Independent
MicroStrategy Inc. (NASDAQ: MSTR) has long been considered a proxy for investing in Bitcoin, largely due to its status as the largest corporate holder of the cryptocurrency. Investors who prefer owning shares as opposed to directly holding Bitcoin have flocked to the company, which has resulted in MicroStrategy’s stock enjoying a substantial premium over Bitcoin’s actual price. Recently, however, this
Finzly, a leading provider of payment solutions for financial institutions, announced the launch of its instant payment service on AWS Marketplace. This development is part of Finzly’s ongoing efforts to facilitate the adoption of real-time payments by leveraging Amazon Web Services (AWS), thereby addressing the increasing demand for modernized payment infrastructures. Approximately 75% of financial institutions find legacy systems a
FusionIQ has unveiled a cutting-edge wealth management platform tailored for digital wallet providers, addressing the surging market of digital wallet transactions, which soared to an astounding $9 trillion last year. In the United States alone, 65% of adults utilize digital wallets at least once a month, reflecting a robust shift toward this payment method. The newly introduced FIQ Wallet enables
The financial landscape is on the brink of a significant transformation, thanks to a groundbreaking partnership between BUX, a subsidiary of ABN AMRO Bank, and PrimaryBid. This collaboration promises to open doors for retail investors in Belgium and the Netherlands, granting them unprecedented access to Initial Public Offerings (IPOs) and other regulated fundraises. Traditionally, such investment opportunities have been the
Worldpay and Capital One have initiated a significant collaboration aimed at optimizing payment fraud decision making and enhancing payment security through data sharing. The partnership integrates data from Capital One’s cards directly into Worldpay’s FraudSight system. This integration is expected to reduce false positive declines by 40% and improve the detection of actual fraud. With an increasing volume of e-commerce
The global wealth management landscape has undergone significant changes in the wake of the COVID-19 pandemic. High-net-worth individuals (HNWIs) are now navigating a world marked by market volatility, political uncertainties, and evolving economic conditions. To adapt, they are adopting new approaches that focus on sustainable investments, digital assets, tax efficiency, diversification, and philanthropy. These strategies aim to ensure long-term stability
FusionIQ recently introduced FIQ Wallet, a cutting-edge digital wealth management platform designed specifically for digital wallet providers. This revolutionary solution seamlessly integrates payment functionalities with advanced wealth management services, providing users the ability to invest and grow their earnings without leaving their digital wallet environment. Building upon FusionIQ’s robust portfolio of digital solutions, FIQ Wallet aims to bring both convenience
In the ever-evolving financial services landscape, PayToMe.co has emerged as a promising FinTech platform dedicated to simplifying global payments and cross-border transactions for small and medium-sized businesses (SMBs). The company recently celebrated a significant milestone by successfully completing its seed funding round, led by Startupbootcamp and ACH Australia Investments Pty Ltd. The infusion of capital aims to position PayToMe.co as
