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How did Singapore beat China to become Asia’s biggest FinTech investment destination?

Singapore is hotbed for FinTech innovation that has overtaken China as the biggest investment destination in the region. However, its leadership position is far from certain.

Penta to support offline businesses with new SumUp deal

Germany-based digital business bank Penta will now support payments at offline small and medium businesses (SMBs) thanks to new partnership with card reader enterprise SumUp.

Barclaycard to increase contactless payments cap

Barclaycard is set to increase the spend limit for contactless payments to £45 from 1 April 2020.

Demand for secure payments drive the global smart card market to be worth $75bn...

New research suggests that the value of the global smart card market could grow to reach $75bn by 2026.

Yolt teams up with PPS for the launch of its new card

Smart money app Yolt has inked a deal with PPS, formerly PrePay Solutions, for help to launch the launch of its contactless debit Mastercard.

Axis Bank rolls out wearable contactless payment device Wear ‘N’ Pay

In a bid to encourage the mainstream adoption of cashless transactions, India-based banking group Axis Bank launched its own range of wearable contactless payment devices, called Wear N Pay.

Stripe rival Mollie bags $800m mega Series C round at $6.5bn valuation

Amsterdam-based online payments processor Mollie becomes the third-largest FinTech unicorn in Europe after rival Checkout.com as it sealed a massive $800m financing round valuing the company at $6.5bn.

BNPL tabby closes $50m Series B to expand portfolio and market reach

UAE-based buy now, pay later (BNPL) company tabby has concluded a $50m Series B funding round led by Global Founders Capital and STV.

Modern Treasury passes $2bn valuation following Altimeter-led Series C

Payments operation software platform Modern Treasury has raised $85m in a Series C funding round led by Altimeter Capital.

Thoma Bravo to acquire PayTech Bottomline in $2.6bn deal

Private equity firm Thoma Bravo has entered a deal to acquire business payments company Bottomline Technologies in an all-cash transaction worth $2.6bn.

News Stories

How the world's top banks and insurers are adopting GenAI tools

How the world’s top banks and insurers are adopting GenAI tools

In recent years, the integration of generative artificial intelligence (GenAI) tools within the financial sector has seen remarkable growth. A study conducted by ORX, a leading operational risk association, reveals that 75% of the world’s major banks and insurers are now utilizing external GenAI applications in their operations.
UK-based PeppercornAI bags £3.25m for AI-driven insurance solutions

UK-based PeppercornAI bags £3.25m for AI-driven insurance solutions

PeppercornAI, an InsurTech specialising in conversational artificial intelligence, has successfully raised £3.25m.
Encompass Corporation welcomes Stuart Barnard as new CFO

Encompass Corporation welcomes Stuart Barnard as new CFO

Encompass Corporation, a pioneer in Corporate Digital Identity (CDI), has recently announced the appointment of Stuart Barnard as its first Chief Financial Officer (CFO).
Unlocking the power of KYC Portal CLM in modern due diligence

Unlocking the power of KYC Portal CLM in modern due diligence

In the complex world of finance, due diligence is essential for protecting a company’s reputation and financial well-being. As customer demands for convenience increase and regulatory scrutiny intensifies, finding a balance is more important than ever. The solution lies in an innovative tool—KYC Portal Customer Lifecycle Management (CLM). The RegTech company recently compiled a guide on its role in enhancing due diligence processes.
Apax Digital Funds backs IANS Research with new investment to boost InfoSec services

Apax Digital Funds backs IANS Research with new investment to boost InfoSec services

IANS Research, a leading provider of independent research and advisory services for the information security industry, has just secured a significant investment from Apax Digital Fund II. 

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