Curve Secures £37M Investment to Expand Services and Compete with Apple Pay
Curve secured £37 million in funding, led by Hanaco Ventures. The investment will support profitability efforts and the launch of…
Businesses Face Hurdles in Cross-Border B2B Payments Despite Advancements
Businesses struggle with inefficiencies in cross-border B2B payments due to outdated systems. FinTech firms like Prometeo and Boost Payment Solutions…
Vivid Money Ends Retail Banking to Focus on SME Market
Vivid Money is discontinuing its retail banking services to focus on SMEs. The company is expanding its business banking services…
BNY Expands Services for Circle, Facilitating Stablecoin Transactions
BNY is expanding its partnership with Circle, allowing select clients to transact stablecoins. This development indicates increasing acceptance of digital…
Worth Secures $25 Million to Expand Financial Automation Services
Worth raised $25 million to expand its financial automation platform. The company’s technology streamlines underwriting and onboarding for financial institutions.…
Banking Technology Struggles to Meet Consumer Expectations for Instant Transactions
Banks struggle to meet consumer demand for real-time financial transactions. Institutions are adopting modular and cloud-based infrastructure to enable faster…
Synctera Secures $15 Million to Expand Banking-as-a-Service Offerings
Synctera raised $15 million, bringing its total funding to $94 million. Fin Capital and Diagram Ventures led the funding, with…
Curve Cuts Losses by 48% but Delays US Expansion Plans
Curve reduced its 2023 losses by 48% but postponed its US expansion. The company plans to launch Curve Pay, aiming…
Embedded Finance Expands as Businesses and Consumers Seek More Payment Options
Embedded finance integrates banking, payments, and lending into non-financial platforms. Consumer-focused lenders have adopted embedded lending more than small business…
Consumers Slow Credit Card Spending After Holiday Surge
January's consumer credit growth slowed to $18.1 billion after December's surge. Revolving credit rose by $9 billion, while non-revolving credit…
