Category: digital currencies
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Best of Show: The Finovate Podcast’s Greg Palmer Chats with the Faves from FinovateSpring
Join Finovate VP and Host of the Finovate Podcast Greg Palmer as he shares his video conversations with companies that earned Best of Show honors at FinovateSpring in May. Greg Palmer talks with Leigh Gross, SVP of Sales and Revenue with Array. FinovateSpring 2022 Best of Show winner. Demo video. “We’re an innovation platform that helps banks, credit…
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Thought Machine launches cloud-native payments platform
Core provider Thought Machine’s automated cloud-native payment platform for banks is live after 18 months of development. Vault Payments was developed specifically for banks and financial institutions and operates with Mastercard-supported card-issuing and -processing. The platform is “configurable” at the bank level, a Thought Machine spokesperson told Bank Automation News. “Banks can expose aspects of…
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Transactions: Glia delivers customer service tech at Community First
The $2.5 billion Community First Credit Union has implemented customer service technology from Glia. Glia’s digital customer service tools allow financial institutions to reach out to members and provide online guidance for loan applications. Service representatives can view the same screens as members and offer help with products like an auto loan, the companies said…
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Pure IT Credit Union Services Receives $6.8 Million in Funding to Help CUs Leverage Technology to Compete, Serve Members
CUSO Pure IT Credit Union Services received an investment of $6.8 million this week from a group of credit unions. The funding will be used to help expand Pure IT’s ability to help credit unions leverage technology to compete with other financial institutions and to better serve their members. The investment comes a few months…
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Green Dot undergoes technology transformation
Green Dot is in the midst of a technology transformation that it estimates will save the digital bank $35 million annually by 2024. The shift will have the banking fintech owning its own tech stack and banking-as-a-service (BaaS) platform, said Amit Parikh, executive vice president of BaaS at Green Dot. “It is a big change,”…
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PayPal extends buy-now, pay-later push with installment loans
PayPal Holdings Inc. is pushing deeper into the rapidly expanding “buy now, pay later” arena by offering installment loans for larger purchases. Photo by Gabby Jones/Bloomberg Consumers will be able to make monthly payments on purchases of $199 to $10,000 for as long as two years, PayPal said in a statement. Annual percentage rates on…
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How the M&A Sector Is Recovering From the Pandemic With Ansarada
Mergers and acquisitions (M&A) are an integral part of any industry’s success – they allow smaller businesses’ ideas to flourish under new leadership and allow innovators to work alongside one another, rather than against each other. The pandemic put a pause to most things as we knew them, and M&As were no exception. Stuart Clout,…
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Tap Payments Extends Efforts To Consolidate MENA’s Patchy Payments System With Two New Partnerships
Tap Payments signs two new partnerships to consolidate the Middle East and North Africa’s (MENA) fragmented local payments system. Despite the fact that, according to a recent Kearney report, e-commerce in the Gulf Cooperation Council (GCC) region has jumped from $5billion in 2015 to over $24billion today, the region’s international markets continue to be stumped…
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Revolut Brings International Transfers to Five New Countries in LATAM, MENA and South Asia
A ‘streamlined’ version of the Revolut app is to be made available in five new countries, enabling consumers to access secure money transfers alongside the app’s other financial services. Customers in Sri Lanka, Chile, Ecuador, Azerbaijan, and Oman will now be able to leverage the app to transfer money to various countries worldwide. Slated to…
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‘A Deep Dive Into Cross-Border Payments’ Released by MENA Fintech Association as v.2 of SHIFT Report
The MENA Fintech Association (MFTA), a voice of the region’s fintech community, has published the second volume of its SHIFT report. The first volume, ‘SHIFT – MENA Payments Landscaping’, was published earlier this year and contained everything a fintech needs to know about the region’s payments sector. In continuation to that, MFTA released the second…