News

Volante Technologies Ties up With Goldman Sachs’ for Its Cloud Banking Platform

US based Volante Technologies, cloud payments and financial messaging solution, announced a collaboration with Goldman Sachs for the Goldman Sachs Transaction Banking Platform. Voltane will provide the payment technology underpinning the bank’s recently launched digital transaction banking service built entirely

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Rapyd Expands Card Acquiring Capabilities in Europe

Rapyd, a fintech-as-a-service company, announced a major expansion of its European platform, adding end-to-end card acquiring capabilities to its payments capabilities. Rapyd now offers a full stack payment acceptance capabilities in Europe including card acceptance through Mastercard and Visa, and

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New BIS Working Paper Looks at State of Central Bank Digital Currency Projects Around the World

A new working paper by the Bank for International Settlements (BIS) looks at the state of central bank digital currency (CBDC) projects around the world. According to the study, as of mid-July 2020, at least 36 central banks had published

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Top 5 Global Fintech Investors: From Q2 2019 to Q2 2020 and Where They Invested

Sequoia Capital, 500 Startups, Ribbit Capital, Accel and Global Founders Capital (GFC) were the five most active fintech venture capital (VC) investors in deal count from Q2 2019 to Q2 2020, according to an analysis by CB Insights. Sequoia Capital

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Google Pay Plans to Offer Digital Bank Accounts

Google is expanding its plans to offer digital banking services in the United States (U.S.) by partnering with several banks to offer digital checking and savings accounts to Google Pay users which will be available in 2021. The 8 banks

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Remitly Announces $85 Million Round as Digital Remittances Surge Globally

Remitly, a mobile-first provider of remittances and financial services for immigrants announced a $85 million funding round to fuel the company’s growth as the global demand for digital remittances continues to surge during the COVID-19 pandemic. The funding will enable

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Credit Suisse Secures 35% of a Digital Bank in Brazil

Credit Suisse and the controlling shareholders of modalmais have signed a strategic long-term agreement that allows Credit Suisse to purchase preferred shares equivalent to up to 35% of the total capital of modalmais. Philipp Wehle, CEO International Wealth Management at

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No Fee Samsung Money Card Starts This Summer

Samsung Electronics America, unveiled Samsung Money by SoFi, a new mobile-first money management experience that brings a cash management account and accompanying Mastercard debit card along with exclusive benefits to Samsung Pay, in partnership with innovative fintech company SoFi. The

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COVID-19 Accelerates Adoption of Contactless Payments

Consumers around the world are switching to contactless to help with social distancing, accelerating the adoption of contactless payments that was already under way With 15% penetration, contactless still has potential for further growth RBR’s Global Payment Cards Data and

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White Paper Outlines Need for Smaller Lenders to Collaborate with Fintechs

Community banks and credit unions are struggling to keep up with the pace of innovation due to limited capacity, lack of skills, and limited budget. Given these limitations, smaller lenders must collaborate with fintech companies to meet fast-changing customer demands

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