Bank employees in the UK are increasingly dissatisfied with their institutions’ international payment services, calling attention to the pressing need for banks to revamp their cross-border payment solutions. A recent survey revealed that only 51% of UK bank employees would recommend their institutions’ international payment services, indicating a lack of confidence in their own offerings. In this article, we delve
Dash Solutions, previously known as Prepaid Technologies, has recently announced its acquisition of KyckGlobal. This strategic move comes after Dash Solutions’ ambitious growth strategy, fueled by a notable $96 million investment from Edison Partners in 2021. With a focus on expanding into new markets and delivering a comprehensive range of configurable payment and engagement solutions, this acquisition signifies Dash Solutions’
Welcome to the definitive guide that will answer the burning question on everyone’s mind: What cryptocurrency to buy in 2023? In this article, we will explore a range of options, from old established tokens to some of the hottest meme coins, as well as trending fresh young crypto stars. However, it’s important to remember that choosing which cryptocurrency is best
In today’s rapidly evolving banking landscape, digital transformation has become a vital driver for success. However, a recent infobrief commissioned by Backbase highlights a concerning trend – a staggering 70 percent of digital banking projects in the Asia-Pacific (APAC) region have failed due to their costly and time-consuming nature. This article delves into the reasons behind these failures while shedding
Moneyfarm, a leading digital wealth manager, has witnessed significant growth in its assets under management (AUM) and client numbers in the first half of 2023. The company’s success can be attributed to various factors, including strategic acquisitions and collaborations with prominent industry players. Despite challenging market and political conditions, Moneyfarm’s innovative business model, which combines human expertise and cutting-edge technology,
Fraud has become a major concern in today’s digital landscape, with its growth and sophistication on the rise. The emergence of AI technology has further amplified these concerns, as it enables individuals to create complete identities with ease. In response to this evolving threat, PayPal, one of the pioneers in the online payment industry, plans to launch three new products
In today’s digital age, payment processing has become the lifeblood of businesses worldwide, facilitating seamless transactions and fueling economic growth. However, failed payments continue to plague the global economy, resulting in staggering losses of $118.5 billion annually. To combat this issue head-on, it is imperative for businesses to prioritize secure and efficient payment processing. This article explores the key best
TreviPay, a leading B2B payments and invoicing network, has announced the implementation of new cross-currency support to facilitate transactions between businesses. This strategic move aims to enhance buyer loyalty by allowing transactions in different currencies, catering to the diverse preferences of buyers. As a global organization operating in 32 countries and dealing with 20 currencies, TreviPay recognizes the need to
J.P. Morgan, one of the leading financial institutions, has made a significant leap in modernizing payment systems for its US merchant clients. In collaboration with Sephora, the renowned beauty retailer, J.P. Morgan has introduced Tap to Pay for iPhones. This innovative feature allows merchants to accept contactless payments, eliminating the need for additional hardware or card readers. Let’s delve deeper
FNBO has recently announced a game-changing partnership with Visa, unveiling its instant digital issuance capabilities. This strategic collaboration has paved the way for a customer-centric approach that revolutionizes the way credit cards are issued and accessed. By leveraging innovative technology, FNBO enables its customers to receive their account credentials instantly in their mobile wallets, eliminating the need to download any
Embedded Finance has emerged as a transformative concept in the financial industry, revolutionizing the way customers access financial services. By integrating financial products and services into non-bank platforms and business processes, embedded finance is reshaping the traditional banking landscape. At the heart of this phenomenon lies the power of payments, serving as the driving force behind the growth and potential
Irys Insurtech, Inc., a pioneering insurtech startup, has successfully closed a seed funding round, raising an impressive $3.5 million. This significant investment marks Irys’ entry into the insurance market, which has long been dominated by stagnant legacy agency management systems. Led by Markd, a renowned investor with a keen interest in groundbreaking insurtech innovations, the funding round propels Irys forward
