Category: Trade & Industry

European fintechs in search of venture capital funding are in luck this spring. The Startup Booster Program at FinovateEurope, taking place March 14 through 15, has been crafted to help early stage companies pitch their new ideas in front of investors from across the U.K. and Europe. Fintechs that are less than five years old…

Payments fintech Marqeta announced today it will acquire credit card management platform Power Finance in an all-cash transaction to help supplement its credit offerings.  The cloud-based solution is expected to accelerate the capabilities of Marqeta’s credit products including card issuing, digital wallets and transaction processing, according to a Marqeta release. The Oakland, Calif.-based fintech (NASDAQ:…

Digital communications platform Eltropy and collections platform provider AKUVO announced a new partnership, integrating Eltropy’s texting functionality into AKUVO’s Aperture solution. The integration will enhance the collections process for community financial institutions (CFIs). Eltropy made its Finovate debut in 2017 and returned to the Finovate stage last year for FinovateFall in New York. A newly-announced…

Credit unions and community banks are looking to digital communications platform Eltropy to strengthen call center authentication and ultimately reduce fraud as voice-cloning tools and advanced AI present more opportunities for fraudsters within financial services. In the third quarter of 2022, email scams increased 217% year over year, especially following digitization that skyrocketed amid the…

Marqeta is acquiring credit card program management platform Power Finance. The company will add Power Finance’s credit card program management capabilities to its own card issuing platform. Financial terms of the deal were not disclosed. Global card issuer Marqeta agreed to acquire credit card program management platform Power Finance. Terms of the deal, which is…

This week on Finovate Global, we feature an extended conversation with Paga founder and CEO Tayo Oviosu. Serving more than 21 million unique users in Africa, Paga is a payments and financial services ecosystem that makes it easy for people to request, send, and receive money; pay bills; get remittances and more. Founded in 2009,…

OneSpan is acquiring blockchain-based document storage company ProvenDB. The purchase will help OneSpan add document storage to its existing product offerings. Terms of the agreement, which is expected to close this quarter, were not disclosed. Digital agreements security company OneSpan agreed to acquire blockchain-based document storage company ProvenDB. Financial terms of the deal were not…

Santander Corporate and Investment Banking has launched a business-to-business product via a new buy-now, pay-later solution.  Madrid-based Santander CIB tapped global trade credit insurance company Allianz Trade and B2B payments platform Two for the venture, which aims to provide large, multinational corporations the ability to instantly defer payments at checkout, according to a Santander release.…

JPMorgan Chase & Co. has a head start when it comes to developing and deploying artificial intelligence in banking, according to a new study. The Wall Street bank hires more people with skills needed for AI, files more patents and makes more public pronouncements on the uses and ethical implications of the technology, the Evident…

Frost & Sullivan is a growth-focused research and consulting company that offers a wealth of expertise across more than 10 industries. Frost & Sullivan’s Information & Communications Technologies Research Team conducts an annual voice-of-customer survey that contains inputs from key decision makers across industries. What follows is an excerpt from 2022’s survey findings and research…