Fintech, Banking, News.
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Karma3 Labs raises USD 4.5 mln to improve trust in web3
Karma3 Labs, a blockchain technology company, has announced that it has successfully raised USD 4.5 million in a recent funding round. The company’s mission is to improve trust in web3 through its innovative solutions that harness the power of blockchain technology. With this latest round of funding, Karma3 Labs plans to further develop its technology…
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wagely secures USD 23 million
Wagely Secures USD 23 Million in Funding Round Exciting news for Wagely as the financial wellness platform secures a total of USD 23 million in its latest funding round. The funding was led by Venture Capital firm XYZ Ventures, with participation from several other prominent investors. What is Wagely? Wagely is a fintech startup that…
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Fiserv lines up FedNow clients
Fiserv, a leading provider of financial technology solutions, has recently announced a number of financial institutions that have signed on to use their services for the upcoming FedNow instant payment platform. The Federal Reserve’s FedNow Service is set to launch in 2023 and will allow for real-time payments to be made between financial institutions 24/7,…
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EU fine challenges Apple’s payments business
Recently, the European Union fined tech giant Apple €1.1 billion for antitrust violations related to its App Store monopoly. This significant fine is expected to have far-reaching implications for Apple’s payments business and may lead to changes in how the company conducts its operations. One of the key issues in the EU’s case against Apple…
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Thailand to consider applications for virtual banks
Thailand to Consider Applications for Virtual Banks In a move to modernize and enhance the country’s financial services sector, Thailand has announced that it will start accepting applications for virtual banks. This decision comes as part of Thailand’s efforts to promote financial inclusion and innovation in the banking industry. Virtual banks, also known as digital…
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ChargeAfter launches The Lending Hub
ChargeAfter, a leading fintech company that specializes in providing innovative financing solutions for consumers and merchants, has announced the launch of their newest product – The Lending Hub. This platform aims to revolutionize the way consumers access and manage credit and lending options. What is The Lending Hub? The Lending Hub is a comprehensive online…
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Smart Data Foundry partners with NayaOne
Smart Data Foundry, a leading provider of data analytics and management solutions, has announced a strategic partnership with NayaOne, a technology consulting firm specializing in digital transformation and cloud services. This partnership will combine Smart Data Foundry’s expertise in big data and artificial intelligence with NayaOne’s industry knowledge and experience in cloud computing and digital…
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Fimple partners with CR2
Fimple, a leading financial technology company, has announced a new partnership with CR2, a global provider of digital banking solutions. This collaboration brings together the innovative technology and expertise of both companies to offer enhanced digital banking services to customers around the world. Benefits of the partnership By partnering with CR2, Fimple is able to…
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National Bank of Oman partners with Habib Bank Limited
The National Bank of Oman (NBO) has announced a strategic partnership with Habib Bank Limited (HBL) in a move that aims to strengthen their presence in the banking sector in the region. This partnership will bring together the expertise and resources of both institutions to provide enhanced services and products to their customers. Benefits of…
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Mastercard collaborates with Central Bank of Jordan
Mastercard has announced a new partnership with the Central Bank of Jordan to enhance digital payment solutions in the country. This collaboration aims to leverage Mastercard’s technology and expertise to drive innovation and financial inclusion in Jordan. Benefits of the collaboration: Improved security and convenience for consumers Increased access to digital payments for businesses Enhanced…
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OTP Bank partners with Iliad Solutions
Exciting news in the world of banking technology! What is OTP Bank? OTP Bank is one of the largest banks in Hungary and has a strong presence across Central and Eastern Europe. Known for its innovative financial products and services, OTP Bank is always looking for new ways to improve customer experience and drive digital…
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Moneyhub partners with Rebcat and Navos
Moneyhub, a leading financial technology company, has announced partnerships with Rebcat and Navos. These partnerships will enhance Moneyhub’s offerings and provide users with even more tools and resources to manage their finances. Rebcat Rebcat is a digital marketing platform that helps businesses increase sales and drive customer engagement. By partnering with Rebcat, Moneyhub will be…
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Zelle transactions jumped 28% last year to $806B
According to recent reports, Zelle transactions saw a significant increase of 28% last year, reaching a total of $806 billion. This surge in transactions highlights the growing popularity and adoption of digital payment platforms. Zelle, a peer-to-peer payment service that allows users to send and receive money quickly and easily through their banking app, has…
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TrueNorth partners with Brim Financial
TrueNorth, a leading provider of financial services, has announced a new partnership with Brim Financial, a fintech company known for its innovative credit card solutions. This new partnership will allow TrueNorth to offer its customers access to a wider range of financial products and services, while also expanding Brim Financial’s reach in the marketplace. Benefits…
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Hecto Financial launches MAMS
Hecto Financial, a leading financial services company, has announced the launch of their new investment platform, MAMS (Multi-Asset Management System). MAMS is a cutting-edge platform that allows investors to easily manage their investment portfolios across multiple asset classes, including stocks, bonds, and commodities. With MAMS, investors can access real-time market data, make trades, and track…
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Nigeria fines Binance with USD 10 billion in damages
It has been reported that the Nigerian government has fined the popular cryptocurrency exchange Binance with a staggering USD 10 billion in damages. The fine comes after allegations of regulatory violations and failure to comply with local laws. Binance, which is one of the largest cryptocurrency exchanges in the world, has been accused of operating…
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Fairbanc secures USD 13.3 mln in debt financing
Fairbanc, a leading fintech company, has announced that it has secured USD 13.3 million in debt financing from a consortium of investors. This new funding will help the company accelerate its growth and expand its reach in the financial services sector. The debt financing was led by Bank of America and included participation from other…
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CoinsPaid offers crypto payments for Estonian auto parts retailer
CoinsPaid, a leading provider of cryptocurrency payment solutions, has partnered with an Estonian auto parts retailer to offer customers the option to pay with digital assets. The partnership between CoinsPaid and the auto parts retailer will allow customers to purchase auto parts and accessories using popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. This move…
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KuCoin taps Revolut to streamline euro-to-crypto purchases
KuCoin, one of the leading cryptocurrency exchanges, has partnered with Revolut, a popular fintech app, to simplify the process of purchasing cryptocurrencies with euros. This partnership aims to provide a seamless and user-friendly experience for individuals looking to invest in digital assets. Revolut is known for its innovative approach to banking and finance, offering a…
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Metropolitan Commercial winds down its BaaS programme
Metropolitan Commercial, a leading financial institution, has announced that it will be winding down its Banking as a Service (BaaS) programme. The programme, which allowed third-party companies to offer banking services using Metropolitan Commercial’s infrastructure, will be phased out over the next few months. What is BaaS? Banking as a Service (BaaS) is a model…
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