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Visa Completes Acquisition of Featurespace

Visa (NYSE: V) has successfully completed its acquisition of Featurespace, a leading developer of real-time artificial intelligence (AI) technology designed to prevent and mitigate payments fraud and financial crime risks. This acquisition strengthens Visa’s fraud protection capabilities, further enhancing security for customers and consumers worldwide. As part of the deal, Visa will integrate Featurespace’s AI-powered fraud detection…

FinTech · 22 DÉC. 2024 · 2 min de lecture

PayRetailers Gets Approval for Acquisition of Transfeera

Brazil’s Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil (BCB) have officially approved PayRetailers’ acquisition of Transfeera, a fintech specializing in payment solutions for businesses. The acquisition is a significant part of PayRetailers’ strategy to expand its operations in Brazil, following its receipt of a payment institution license from the BCB in April 2024. The deal will provide PayRetailers with…

Venture & Investment · 22 DÉC. 2024 · 2 min de lecture

Trulioo Transactions Surge 34% for Global Marketplaces, 21% for Payments Enterprises in 2024

Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, today announced a 34% increase in marketplace transactions and 21% in payments in the past year as digital commerce rapidly expands across the globe. The surge in transaction volume reflects how payments and marketplace platforms are responding to a boom in ecommerce and cross-border…

FinTech · 22 DÉC. 2024 · 4 min de lecture

TBC Bank Uzbekistan Secures $37M Equity Investment, Making 2024 a Record Year

TBC Bank Uzbekistan (TBC UZ), the country’s largest digital bank, announces a $37 million equity investment from its majority shareholder London-listed TBC Bank Group PLC (TBC Group). This capital brings the total new equity funding secured in 2024 to $75 million, setting a new annual record for TBC UZ. Uzbekistan’s largest digital bank, TBC UZ, is…

FinTech · 22 DÉC. 2024 · 4 min de lecture

Databricks Raised $10B Series J Investment at $62B Valuation

Databricks, the Data and AI company, today announced its Series J funding. The company is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion to date. This funding values Databricks at $62 billion and is led by Thrive Capital. Along with Thrive, the round is co-led by Andreessen Horowitz, DST Global, GIC,…

Venture & Investment · 21 DÉC. 2024 · 3 min de lecture

Parafin Secures $100M Series C to Redefine Small Business Financial Services

Parafin, which builds embedded finance infrastructure, has announced the close of its $100 million Series C financing at a $750 million valuation. The financing was led by Notable Capital, with significant participation from Redpoint Ventures. Existing investors Ribbit Capital, Thrive Capital, and GIC also participated in the round. This funding reflects growing confidence in Parafin’s…

Venture & Investment · 21 DÉC. 2024 · 3 min de lecture

2025 Will Be Make or Break

by Scott Dawson, CEO of DECTA The ‘real’ year of the SME We were assured 2024 was going be the Year of the SME – did it feel that way? We had a budget that was lacklustre at best and actively hostile to small businesses at worst with little else that directly addressed the concerns of their owners….

Insights · 21 DÉC. 2024 · 7 min de lecture

Independent research firm names Temenos a Leader in Digital Banking Processing Platforms

Temenos (SIX: TEMN) today announced that it has been named a Leader in The Forrester Wave™: Digital Banking Processing Platforms, Q4 2024. According to Temenos, this reflects the flexibility and rich functionality of its comprehensive core banking solutions, which are further enhanced by a strong partner ecosystem and Temenos’ continued investment in innovation. This Forester Wave™,…

FinTech · 19 DÉC. 2024 · 2 min de lecture

Visa Appoints Episode Six to its Ready for Government Disbursements Scheme

Episode Six (E6), a leading global provider of enterprise-grade payment processing and ledger infrastructure, today announces a partnership with payment solutions and services provider Secupay to provide asylum seekers with payment cards, enabling them access to financial support from the German Government. By integrating E6’s powerful enterprise-grade card issuance and transaction processing technology, and supported…

FinTech · 19 DÉC. 2024 · 3 min de lecture

Morgan Stanley selects Wise Platform to enhance payments capabilities for corporate clients

Wise, the global technology company building the best way to move and manage the world’s money, today announced that it has been selected by Morgan Stanley, a leading global financial services firm, to facilitate Morgan Stanley’s foreign exchange international settlement capabilities for its corporate customers. Morgan Stanley will offer clients high-speed cross-border settlements through Wise…

FinTech · 18 DÉC. 2024 · 2 min de lecture

Nubank Announces Investment In Tyme Group

Tyme Group, the multi-country digital banking group head-quartered in Singapore with 15 million customers in Africa and South-East Asia, today announced that Nubank, has joined its shareholder base through a strategic investment during its Series D Capital Raise. Nubank is one of the world’s largest financial services platforms with over 110 million customers. Having completed its latest…

FinTech · 17 DÉC. 2024 · 3 min de lecture

Tietoevry Banking Integrates Visa Direct into Its Payment Hub

Tietoevry Banking has announced the integration of Visa B2B Connect, a Visa Direct offering, into its Tietoevry Payment Hub. This move will enable Tietoevry Banking’s client financial institutions to offer corporate customers Visa B2B Connect payments, delivering faster, more cost-effective and transparent payment options when transacting across borders. For decades, cross-border payments between businesses have been fraught…

FinTech · 17 DÉC. 2024 · 2 min de lecture

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