Bankomat’s Swedish utility steps in as cash declines
LONDON — Swedish utility Bankomat CEO Nina Wenning discussed the decline of the bank branch in Sweden at Branch Transformation 2022, the leading conference dedicated to branch design, customer...
View ArticleListen: How treasurers, CFOs can de-risk idle cash through automation
Company treasurers and chief financial officers are worried about access to cash and the risks associated with keeping cash on hand amid drastic changes to the investment market during the past six...
View ArticleEurope’s fintech future looks a lot like traditional banking
Europe’s fintech giants were built on the promise of new ways to do finance. Under pressure from rising interest rates and nervous investors, their next steps are looking more like tried-and-tested...
View ArticleTech companies shrink teams due to economic uncertainty
Tech companies including Amazon, Chime, FIS, Plaid, Stripe and Zilch have announced staffing cuts as economic uncertainty presents risks for the new year. 2023 will encompass “another year of...
View ArticleFintech Funding: Curve receives $1B credit facility
Card and financial app Curve has secured a $1 billion USD credit line from Swiss bank Credit Suisse, the company announced Tuesday. London-based Curve, founded in 2015, plans to use the funding to...
View ArticleMarqeta taps Mastercard for B2B payments automation
Payments fintech Marqeta is eliminating manual authorization in its payments process through an extended partnership with Mastercard. The credit card giant’s Track Instant Pay is a...
View ArticleTransactions: Finastra, Veem partner for SMB digital payments
London-based core provider Finastra is partnering with payment service fintech Veem to provide payment services to small and medium-sized businesses (SMBs). San Francisco-based Veem’s payment service...
View ArticleRTPs, real-time data may boost banks’ capital, cash management
Banks that focus on aligning real-time payment (RTP) transactions and real-time data may be able to help their corporate clients boost working capital and improve cash management. Financial...
View ArticleWise to hire 250 employees in the US in 2023
Bucking a trend among technology companies, money transfer fintech Wise will add 250 employees — an increase of more than 41% — to its U.S. team in 2023. London-based Wise saw a 58% increase in revenue...
View ArticleJPMorgan said to seal deal to buy 48.5% of Greece’s Viva Wallet
JPMorgan Chase & Co. has signed the final terms to acquire a 48.5% stake of Greece’s payment firm Viva Wallet, according to press reports in the country. The U.S. bank will buy out all the minority...
View ArticleAmerican Express launches B2B payments platform
American Express has launched business-to-business payments network AmEx Business Link, allowing commercial clients to support several types of payments including card, non-card, domestic and...
View ArticleMastercard ordered by FTC to help rivals route transactions
The Federal Trade Commission ordered Mastercard Inc. to start providing its competitors with customer account information they need to process debit payments, a move that could cut costs for merchants....
View ArticleTransactions: Fiserv partners with Wedge for payment capabilities
Core provider Fiserv is teaming with digital wallet company Wedge to offer financial institutions access to a host of payment options. The partnership will allow customers to use programmable payments...
View ArticleEuropean fintech funding: Moneyhub raises over $17M
U.K.-based data and payments fintech Moneyhub raised $17.7 million in a December venture round led by London-based Phoenix Group. The investment follows an October funding round led by Legal and...
View ArticleMovers and Shakers: NatWest Group names chief payments officer
NatWest Group named Mark Brant as its chief payments officer effective Jan. 16. Brant will report to Chief Executive for Commercial & Institutional and Group Executive for Payments Paul Thwaite. He...
View ArticleUS Bank’s SVP of payment services joins Bank Automation Summit US 2023
Lauren Kenney, senior vice president of payment services at U.S. Bank, will join the panel “Strategies for automating real-time payment processes” at the Bank Automation Summit U.S. 2023 on Friday,...
View ArticleUS Bank eyes embedded car payments
U.S. Bank is eyeing embedded payments in vehicles as more technology providers blur the lines between products, services and industries. Sony and Honda, for example, are partnering to launch the Afeela...
View ArticleBuy-now-pay-later demand climbs among squeezed UK pensioners
Pensioners feeling the pinch are increasingly turning to buy-now, pay-later services, the latest sign of how the cost-of-living crisis is squeezing the UK population. Almost a fifth of over...
View Article5 questions with … HSBC USA Head of Global Payments Tom Halpin
HSBC USA’s Tom Halpin, head of global payments solutions in North America, is focused on listening to customer needs as the bank prioritizes digital-first engagement. The $167 billion bank, owned by...
View ArticleUpstart launches digital finance, online sales
Artificial intelligence-based lending platform Upstart is adding new digital financing and online sales applications to its auto retail platform to improve loan approval rates and expand credit access....
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