Remittances

Rising Bank adds mortgage loans and insurance services to platform

Digital financial institution Rising Bank has expanded into the mortgage sector by offering financial solutions through its digital platform to aid homeowners with home loan options.

TransferWise launches business offering

TransferWise, the London remittances startup valued at $1.1bn, is launching TransferWise for Business to cater to SMEs sending money abroad.

Airwallex hits $4bn valuation after second investment round this year

PayTech unicorn Airwallex has been valued at $4bn following the close of an oversubscribed Series E round, which comes just months after it closed a Series D extension.

Token driving UK open banking payments expansion, research finds

Market share statistics by CMA9 – the nine largest UK banks – has found open banking platform Token is driving the adoption of open banking payments in the country.
terraypay-beyon-money-partner-to-improve-remittance-in-bahrain

TerrayPay, Beyon Money partner to improve remittance in Bahrain

Global payments infrastructure company TerraPay has teamed up with financial super app Beyon Money to help remitters in Bahrain.
Intermex and Visa join forces to revolutionise money transfers globally

Intermex and Visa join forces to revolutionise money transfers globally

International Money Express, a leading omnichannel money transfer services company, and Visa, a global pioneer in digital payments, have announced a significant collaboration.
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TransferWise gains direct access to the UK’s Faster Payments Service

London-based remittance startup TransferWise is gaining access to the UK’s Fast Payments Service (FPS), through a technical partnership with Raphaels Bank.

dLocal becomes Uruguay’s first FinTech unicorn after closing new funding round

Cross-border payment platform dLocal has joined Latin America’s growing list of FinTech unicorns, following the close of a $200m round.
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CurrencyFair picks up €8m for P2P currency exchange

Peer-to-peer currency exchange marketplace CurrencyFair has closed €8m in a new round of funding. The capital comes from existing backers Octopus Ventures and Frontline Ventures.
UK bank employees international payments dissatisfaction

UK bank employees international payments dissatisfaction

Only 51% of UK bank employees recommend their institutions' international payments services, according to a revealing survey commissioned by Wise. The findings underscore the pressing need for banks to revamp their cross-border payments solutions if they hope to stay competitive against dedicated international payment providers.

News Stories

FinTech

FinTech investment sees uptick following two sluggish weeks

There was a climb in investment in the FinTech sector this week, with FinTech Global reporting on a total of $399m being raised across...
compliance

Will 2024 be the year of compliance technology?

As technologically-driven solutions continue to firmly pierce the financial industry and how it runs, the need for firms to maintain compliance amongst a deluge...
ZeroEyes joins Lloyd's Lab for pioneering InsurTech against gun violence

ZeroEyes joins Lloyd’s Lab for pioneering InsurTech against gun violence

In an unprecedented move, ZeroEyes, known for its pioneering AI gun detection technology, has been welcomed into the coveted Lloyd's Lab Accelerator program, marking a significant stride in InsurTech innovation.
Chubb revolutionises flood insurance: Faster quotes with new digital platform

Chubb revolutionises flood insurance: Faster quotes with new digital platform

Chubb Personal Risk Services (PRS), known for its commitment to providing exceptional insurance services, has announced the launch of an innovative self-service Flood Insurance System.
Bishop Street and Topsail Re join forces to revolutionise MGA platform with strategic joint venture

Bishop Street and Topsail Re join forces to revolutionise MGA platform with strategic joint...

Bishop Street Underwriters, a notable entity within the RedBird Capital Partners' portfolio, has formally announced a groundbreaking joint venture with Topsail Reinsurance SPC, Ltd....

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