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The U.K. Competition and Markets Authority (CMA) has initiated a “Phase 1” investigation into Amazon’s $4 billion investment in U.S.-based AI firm Anthropic. The investigation will determine whether the partnership, which involves making Anthropic’s AI models available on Amazon’s Bedrock platform, could harm competition in the U.K. Amazon, which completed the investment earlier this year,…
ClearBank, the newly established European branch of the London-based clearing and embedded banking firm, has secured a Credit Institution Licence from the European Central Bank (ECB). This license, overseen by De Nederlandsche Bank, allows ClearBank to expand its banking services across Europe, marking its first entry into the European market. ClearBank Europe N.V., headquartered in…
ClearBank, the enabler of real-time clearing and embedded banking, today announced it has expanded into Europe, working to fulfil client demand for Euro settlement and accounts. The newly established ClearBank Europe N.V. secured a Credit Institution Licence from the European Central Bank, under the supervision of De Nederlandsche Bank. The licence underlines the bank’s leading…
Ripple, the leading provider of enterprise blockchain and crypto solutions, has announced plans to partner with the DIFC Innovation Hub, the thriving innovation ecosystem of the Dubai International Financial Centre (DIFC), to accelerate blockchain and digital assets innovation in the UAE. The new partnership will connect the next generation of developers with the DIFC Innovation…
Checkout.com, a leading global digital payments provider, today announced it is the first payment provider to partner with Google Pay to bring its biometric-based secure payment authentication service to merchants. Checkout.com, which offers authentication to merchants such as Remitly, will offer Google Pay’s biometric authentication to brands that seek to increase their digital payments performance…
Payhawk, the global spend management solution, has expanded its partnership with Marqeta, the global modern card issuing platform powering some of today’s most innovative embedded finance solutions, to tackle fraud and the misuse of company funds using Advanced Card Controls. The new capability is available across all 32 countries served by Payhawk where it operates its premium…
dLocal, the leading cross-border payment platform specializing in high-growth markets, today announced its strategic partnership with iTransfer, a prominent cross-border payments company with a significant presence in EMEA, Latin America, and APAC. One of the main challenges users face in emerging markets is currency volatility, which can significantly affect payment values. According to GSMA, sending money via…
New York-based fintech Payoneer has acquired Skuad, a Singapore-based global HR and payroll startup, for $61 million in cash, as exclusively reported to TechCrunch. The deal includes potential additional payments of up to $10 million based on Skuad’s performance over the next 18 months. Payoneer has also committed to granting $10 million in restricted stock…
Tribe Payments, the pioneering digital payments and infrastructure orchestrator which specialises in issuer and acquirer processing, has been selected by embedded financial services platform, Orenda Finance, to provide its issuer processing services. Founded in 2020 by Joshua Vittori, Orenda is a one-stop embedded financial service ecosystem, offering a suite of configurable products and services, including no-code…
Carbon footprint management experts, Cogo, and SaaScada, providers of data driven core banking solutions, have joined forces to drive further progress in helping the banking and finance industry take steps to reduce their carbon impact. Through the partnership, banks can leverage the real-time data delivered by SaaScada to build insights using Cogo. The collaboration will enable…
Zafin, the leading provider of SaaS core modernization and transformation solutions for banks and 10x Banking, the next gen cloud-native core banking platform, announced a strategic global collaboration to accelerate innovation for banks and financial institutions, by providing an end-to-end core system integrated with leading product and pricing capabilities. Zafin’s solutions are trusted by top…
Qardy, the first digital lending marketplace in Egypt and the MENA region for financial institutions to fund MSMEs (Micro, Small, and Medium Enterprises), is proud to announce that it has successfully secured a $ 7-figure pre-seed round of investment, with participation from White Field Ventures and Vastly Valuable Ventures among other Angel Investors. This significant…
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