Market News

Global payments service provider Ingenico Group has partnered with Swedish furnishings retailer IKEA’s India unit to enable digital payments for the latter’s e-commerce platform. Ingenico ePayments India (formerly TechProcess & EBS) has developed and implemented customized payment gateway solution and Interactive Voice Recognition (IVR) to support IKEA INDIA’s needs, the company said in a statement today. […]Read More

German challenger bank N26 has made an official debut in the US market following a two-month beta program. N26 Inc., the US subsidiary of N26 GmbH, made its mobile banking app available to US consumers nationwide, on Thursday. The bank has reportedly introduced several new features to appease its US customers. It is said to […]Read More

Scotland-based money management app, Money Dashboard has raised around £4.6 million on crowdfunding platform CrowdCube after reaching its initial target of  £1.5 million in under 45 minutes. The supplier aims to utilize the funds in its customer base expansion. Established in 2010, Money Dashboard is backed by investors including the Scottish Investment bank and Calculus […]Read More

UK-based Onfido has announced that several UK fintechs including Monese, Seedrs, Curve, and B-Social have joined the firm in FCA’s regulatory sandbox test. They will be joined by tech partners like Evernym and Deloitte. The supplier states that the effort aims to demonstrate the availability of a safer identity verification approach for both customers and […]Read More

New York-based blockchain analysis company Chainalysis on Thursday unleashed first actionable real-time alert service for suspicious transactions. The alerts service will be a part of Chainalysis’ Know Your Transaction (KYT), a real-time anti-money laundering (AML) compliance solution for monitoring cryptocurrency transactions. It is the first compliance alerts solution available across 15 cryptocurrencies, as claimed by […]Read More

There seems to be a slowdown in business activities across the sectors but one. According to EbixCash Financial Technology, there has been a steady growth amongst the FinTechs or players providing technological solutions to the financial institutions and traditional banks.  This, he said, is coming on the back of rapid changes in technology, fluctuation, and […]Read More

UK-based digital banking solutions provider, Meniga has announced the appointment of an ex-Wipro partner, Arpit Kaushik as the new Chief Operating Officer. Kaushik has held senior roles in companies including DXC Technology (Digital General Manager, Banking & Capital Markets), Wipro(General Manager & Global Client Partner) and Oracle (Sales Director) On his appointment, Arpit Kaushik commented, […]Read More

Zurich-based fintech Numbrs Personal Finance has raised $40 million from a number of private investors thereby bringing its total valuation to around $1 billion. This round has, therefore, launched it into the European fintech unicorn market. The additional funding is expected to assist the company in its plans of expanding in the European market. Established […]Read More

General insurance player Digit Insurance has tied up with Karur Vysya Bank (KVB) for bancassurance offerings. Backed by billionaire Prem Watsa of Fairfax Group, Digit Insurance, with operations in over 30 countries, would capitalize on the partnership to be able to expand its customer base, with new demographics and customer segments that KVB has to […]Read More

Cashing on people’s inclination towards cashless payments, Bank of America (BofA) has managed to reach a “record-breaking” mark in terms of usage of its person-to-person (P2P) payments app Zelle in 2019. According to a statement released by the bank on Wednesday, the app users have already completed more transactions this year than in all of 2018. […]Read More

Experian Australia & New Zealand has announced the acquisition of Australian fintech Look Who’s Charging in a bid to combine its data solutions with the fintech’s enrichment capabilities. According to Experian, the acquisition will enable it to offer aggregation and categorization solution to organizations including granular insights for them to apply across their business. Andrew Black, […]Read More

Denmark-based banking app Lunar Way has announced that it has raised €26 million in funding and has received a European banking license in the process. The Nordic fintech aims to utilize the funds raised in the development of their new Nordic bank as well as enhance their market position. “Unlike other fintechs that have chosen […]Read More

Stockholm-based open banking platform Tink has published an open letter wherein it has urged the National Competent Authorities (NCAs), the institutions responsible for national PSD2 rollouts, for administering flexibility around the PSD2 implementation deadline. The open letter comes after the forensic analysis undertaken by Tink. The analysis shows that even though two-thirds of the financial […]Read More

In an ongoing case related to the banking ban of crypto-currency in India, the country’s top court has said that it will pass judgement with or without a response from the banking regulator Reserve Bank of India (RBI). While hearing the long-pending case on August 21, 2019, the Supreme Court (SC) has ordered the RBI […]Read More

Long Island, New York-based credit union NEFCU has chosen Fiserv Inc., a global provider of fintech solutions, to transform its member experience and drive innovation in the digital banking space. The credit union has picked Fiserv’s DNA core account processing platform for its ability to integrate other solutions through its open architecture and APIs, and […]Read More