Tag archive for ‘Fintech industry news’
By businessnewstoday On Wednesday, December 16th, 2020

RBL Bank to use Infosys Finacle digital banking solution for cloud migration

(adsbygoogle = window.adsbygoogle || []).push({}); Indian private lender RBL Bank will use the Infosys Finacle digital banking solution suite to migrate from an on-premise deployment to a modern cloud More...

By businessnewstoday On Monday, December 7th, 2020

Online payments company Paysafe to merge with SPAC Foley Trasimene

Paysafe SPAC merger : UK-based online payments company Paysafe Group is set to go public by merging with Foley Trasimene Acquisition Corp. II in a deal that values the former at around $9 billion. The special purpose More...

By businessnewstoday On Saturday, December 5th, 2020

WorldRemit introduces USD payout option in Nigeria

WorldRemit said that its customers in Nigeria can now receive remittances in foreign currency (USD) via its cash pick up providers. The UK-based digital cross-border payments firm said that after the recent announcement More...

By businessnewstoday On Saturday, December 5th, 2020

Flipkart to partially spin-off Indian digital payment platform PhonePe

Indian e-commerce company Flipkart said that it will carry out a partial spin-off of Indian payment app PhonePe. Founded nearly four years ago, PhonePe is said to have surpassed 250 million registered users, with More...

By businessnewstoday On Friday, December 4th, 2020

Affirm to acquire Canadian buy-now-pay-later provider PayBright for $264m

Affirm acquisition of PayBright : US based pay-over-time platform Affirm has agreed to acquire PayBright, a Canadian buy-now-pay-later provider for around CAD $340 million ($264 million) in a cash-cum-stock deal. The More...

By businessnewstoday On Friday, November 27th, 2020

Lightnet Group strikes partnership with Thailand’s Siam Commercial Bank

Lightnet Group, a Singapore-based fintech company, has forged a partnership with Siam Commercial Bank (SCB) to make remittance services accessible to all Thai bank accounts and also to anyone who has signed up for More...

By businessnewstoday On Tuesday, November 24th, 2020

US challenger bank Current raises $131m in Series C round

Current Series C round : US challenger bank Current has raised $131 million in a Series C funding round led by new investor Tiger Global Management. The mobile bank, which is based in New York City, has raised more More...

By businessnewstoday On Saturday, November 21st, 2020

Visa acquires digital financial solutions provider YellowPepper

Visa has acquired YellowPepper, a Miami-based digital financial solutions provider that caters to financial institutions and startups across Latin America and the Caribbean. The digital payments giant announced More...

By businessnewstoday On Thursday, November 19th, 2020

Addepar raises $117m for wealth management technology platform

Addepar, a US-based wealth management technology platform, has raised $117 million in a Series E funding round, led by growth equity firm WestCap Group. The investment by WestCap Group was made from its flagship More...

By Soujanya Ravi On Saturday, November 14th, 2020

Spanish proptech company Clikalia secures investment from Mouro Capital

Mouro Capital, the recently created fintech venture capital arm of Banco Santander, announced an undisclosed investment in Spanish proptech company Clikalia as part of the latter’s Series A round. Clikalia is More...