Category Archives: Finance

05May/21

CoinGate wins Most Innovative Cryptocurrency Payment Gateway in Europe 2021 award

Lithuanian-based cryptocurrency payment processor CoinGate has won the Global Brands Award 2021 of Most Innovative Cryptocurrency Payment Gateway in Europe. This year, Global Brands Magazine conducted FinTech awards, which aimed to identify and recognize the significance of exceptional service delivery of various fintech companies and rewarded the best performing ones. An external research team was constituted to evaluate several nominees in the cryptocurrency payment gateway category, from which CoinGate has emerged as victorious. Continue reading

27Apr/21

GoCardless launches open banking payments, offering businesses a new alternative to taking one-off payments

GoCardless, a leading fintech for bank-to-bank payments, has today launched Instant Bank Pay, a new open banking feature directly integrated into its global payment platform. With Instant Bank Pay, merchants can take instant, one-off bank-to-bank payments from new and existing customers while still reaping the benefits of bank debit for their recurring payments. Continue reading

26Apr/21

Wirex & Snowdrop Solutions launch location-enriched transaction services

Wirex, a leading digital payments provider, today unveiled a range of location-enriched services to show their users where payments take place. Available to Wirex customers in-app, the service enables cardholders to readily see exactly where their transactions take place and provides a greater level of transparency for those transactions. Continue reading

23Apr/21

Mobile Wallet Adoption Rate to Increase to 75 Percent by 2025, Says Beroe Inc

The global mobile wallet adoption rate is expected to witness an upward trend in the coming years amid an increase in the digital payment market through the usage of mobile payment wallets and contactless payments as an alternative to credit/debit card transactions on a global scale, says Beroe Inc. Continue reading

20Apr/21

Finastra announces winner of its hackathon to tackle bias in financial services

Finastra has announced the winner of its recent hackathon – Hack to the Future 3. Launched to help build an unbiased fintech future, the event saw over 600 participants from more than 50 countries, including Antarctica. With many women-led and diverse teams of students, fintech enthusiasts, financial institution developers and fintech founders all joining the movement, the hackathon is a step towards positive change and redefining the future of finance. Continue reading

12Apr/21

FICO Survey: UK Banks Struggled with COVID-19 Fraud and Money Laundering Surge

As cases of fraud and money laundering rose during the pandemic last year, banks in the UK faced unforeseen challenges. In a new study by global analytics software provider FICO and independent research firm OMDIA, 79 percent of respondents from UK banks said that working from home had a high or major impact on the effectiveness of their financial crime prevention. Continue reading

05Apr/21

ICC and TradeFlow Capital Management join forces to enable commodity trade for SMEs

ICC Secretary General John W.H. Denton AO announced an ambitious partnership with TradeFlow Capital Management (TradeFlow) during the World Trade Organization’s 2021 Global Trade & Blockchain Forum, as part of ICC’s growing effort to enable SME access to short-term liquidity to survive the ongoing economic crisis and thrive in the post-pandemic future. Continue reading

29Mar/21

BlackRock Tops the First Fund Brand 50 Global Asset Manager Rankings

Fund Brand 50 (FB50), an annual research study by global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), celebrated its 10th anniversary with a global edition – highlighting the world’s best-performing, third-party asset management brands. Continue reading

16Mar/21

Opera hires PayPal and WeChat Pay veteran Allen Hu as new EVP of its fintech arm, Dify

Opera Limited (NASDAQ: OPRA), one of the world’s major browser providers with 380 million monthly active users globally, today announced it has hired PayPal veteran Allen Hu to become new Executive Vice President (EVP) of Dify, Opera’s fintech arm. An expert in financial technology and payments, Allen Hu will lead the Dify business. He brings a wealth of experience from nearly ten years at PayPal, where he was Regional Head of Global Core Payments, based in California. Continue reading