John Caplan, the relatively new CEO of Payoneer Global, has been steering the company on a strategic path of growth through targeted acquisitions. The most recent milestone in this journey is the purchase of Singapore-based Skuad for $61 million, with an additional $20 million contingent on performance metrics. This acquisition marks the third deal Payoneer has closed since Caplan’s takeover
Paystand, a leading innovator in the field of digital payments, has introduced an innovative feeless B2B blockchain-enabled payment platform to Acumatica, a comprehensive cloud-based ERP system. Acumatica is renowned for its robust suite of features, including finance, inventory, CRM, and payroll management. This new integration with Paystand empowers Acumatica users to streamline their accounts receivable (AR) processes, shorten their days
Arab Financial Services (AFS) has made a significant stride towards expanding its operations and enhancing digital payment solutions in the Middle East and Africa. By securing a $50 million capital injection, AFS is set to enhance its market presence and push forward its innovation agenda. Overview of Arab Financial Services Arab Financial Services is a leading name in digital payments
The landscape of financial transactions is undergoing a fundamental transformation, and Bank of America is at the forefront of this change, driven by an accelerated adoption of Application Programming Interfaces (APIs) for real-time data processing and transaction handling. Over the past year, there has been a 51% uptick in clients leveraging these technologies, revolutionizing how businesses manage their financial operations.
The collaboration between Sharegain and DriveWealth marks a significant milestone in the FinTech world. These two leading financial technology companies are coming together with a shared vision to expand and optimize opportunities within the global securities lending market. Their partnership not only aims to streamline financial services but also to ensure adherence to strict regulatory standards. As each company brings
Nooks, a pioneering company in the sales automation industry, has recently unveiled its AI Sales Assistant Platform (ASAP), backed by a significant $43 million in Series B funding. This influx in capital, led by Kleiner Perkins with participation from Lachy Groom and Tola Capital, boosts Nooks’ total funding to $70 million. The company aims to revolutionize the sales workflow by
Generative AI has become a cornerstone in the tech industry, pushing companies like Google and Microsoft to pour massive investments into data center GPUs. These high-performance chips are indispensable for running the vastly intricate and powerful AI models that are the current focus of technological advancements. This fervent investment, however, comes with its own set of challenges—most notably, the relatively
The fintech industry recently witnessed a game-changing development with the launch of Keabank’s Payment Intelligence service. This groundbreaking initiative aims to integrate traditional banking systems with cutting-edge decentralized finance (DeFi) solutions, thereby simplifying global payments and enhancing financial access for both businesses and individuals. As a leader in blockchain-driven financial services, Keabank chose the prestigious Fintech Surge Dubai event to
In an era characterized by rapid technological advancements, Huntington Bank is taking significant strides to enhance its digital wallet capabilities. By partnering with Entrust, a leader in identity-centric financial solutions, Huntington Bank aims to offer secure, innovative, and convenient services to its cardholders. This collaboration reflects a commitment to delivering cutting-edge technology solutions that blend security and ease of use.
With Wealthsimple’s recent introduction of a travel eSIM as part of its new lifestyle rewards program, clients with at least $200,000 in assets can now enjoy enhanced connectivity and cost savings. Wealthsimple, a Canadian fintech company dedicated to unlocking financial freedom for its clients, has partnered with Gigs to provide Premium and Generation clients with a global 10GB travel eSIM.
Wealthtime has recently announced a partnership with Wipro and GBST to develop a cutting-edge, digital-first platform tailored for the wealth management and advisory market. By consolidating its current Wealthtime and Wealthtime Classic platforms into a single, heightened offering, Wealthtime seeks to leverage GBST’s advanced technology alongside Wipro’s expertise in digital transformation. This initiative underscores the collaboration’s mission to drive technological
The landscape of Business-to-Business (B2B) commerce is experiencing a transformative shift, driven by the increasing adoption of embedded payment solutions. This shift is redefining payments from a mere afterthought to a strategic asset that can significantly influence business workflows and outcomes. Embedded payment solutions integrated into existing business software systems are streamlining transactions and providing enhanced financial capabilities. By incorporating
