Thai paytech Synqa raises $80m in Series C round
Synqa plans to use the cash to expand its services in Asia.
PayTech
Clearhaus provides payment rails for PaynoPain
Both firms entered the market in 2011 to bring APIs to payments.
Checkout.com lands $5.5bn valuation, looks to US listing
The firm has landed a $150 million Series B funding round it began in May.
Wirecard shares plummet as it announces €1.9bn of missing cash
EY couldn’t find the cash balances — which represent roughly a quarter of its balance sheet.
Banco Safra picks ACI Worldwide to underpin US expansion
The Brazilian bank is launching its payment solution in North America.
UK court rules against Mastercard and Visa on interchange fees
CMSPI estimates maximum pay-out for UK merchants to be roughly £15.2bn.
Transfergo raises $10m, expands into 11 new markets
Remittance firm claims uptake in growth during COVID-19 pandemic.
Square buys up Spanish P2P payment app Verse
Verse will join forces with Square’s Cash App.
What the Fintech? Episode 7 | Open banking & savings
Co-founder & CEO of Plum offers his insights on how COVID-19 affects savings.
American Express first foreign credit card player to launch in China
AmEx won initial approval in 2018 for a bank card clearing licence in China.
iBanFirst raises $21m in Series C funding
The raise was initially interrupted by COVID-19.
Federal Bank picks ACI Worldwide to boost fraud protection
More than $30m was stolen by fraudsters in India last year.
Banking Technology June 2020 issue out now
Real-time payments and fraud: balancing customer relationships and security.
Nuapay joins UK government payment acceptance scheme
Crown Commercial Services adds another open banking partner.
Why collaboration and partnerships will beat the fraudsters in open banking
It’s therefore important for banks to make sure they are dealing with legitimate and regulated TPPs.
PayTech Awards winners: where are they now? ANNA – Best Corporate Payments Initiative
ANNA has been busy onboarding customers and adding features to its platform for SMEs.
India’s central bank creates $66m digital payments infrastructure fund
RBI has made an initial seed contribution of $33 million (RS 250 crore).
JCB to deploy FIS Payment One switching and acquiring platform
The payment scheme is planning to enable QR payments for more customers.
Real-time payments and fraud: what can be done?
To effectively manage fraud risk, companies should use advanced analytics techniques.
PayTech Awards winners: where are they now? Emailage – Best E-Commerce Initiative
The pending takeover of Emailage by LexisNexis “kind of dominates the news”, says EMEA MD.
MoneyGram signs remittance partnership with Al Rajhi Bank
The remittance firm will support Al Rajhi in Saudi Arabia both digitally and in-branch.
Landesbank Berlin to develop commercial card programme with SIA
German bank will launch co-branded accounts using SIA platform.
PayTech Awards winners: where are they now? Streeva – PayTech for Good
We talk to some of the winners of last year’s PayTech Awards to see how they have fared since then.
DBS Bank launches real-time payments solution for India truck drivers
The bank partnered with the Transport Corporation of India.
Conductor selects ACI Worldwide systems for Latin America expansion
Brazilian card processor already claims three new customers.
New international banking platform Cpay.uk launches
Cpay.uk aims to provide an alternative to what it calls “heavily regulated banking”.
What the Fintech? Episode 6 | Digital disruption: entering new markets
Findr CEO Greg Watts provides his insight on creating a start-up amidst a global pandemic.
Truelayer signs payment initiation deal with UK government
The open banking firm has been added to the Payment Acceptance Framework.
Western Union reportedly makes acquisition bid for MoneyGram
Two of America’s largest money transfer and remittance services could be joining forces.
TIS raises $20m for its B2B payment platform
TIS will use the investment from Aquiline and 83North for its global expansion.
Pay.UK rolls out framework for Request to Pay services
More than 400 organisations were involved in the open sandbox.
Introducing FinTech Features – showcasing the best in fintech on 30 June
A new digital platform for the financial services professionals to learn about the latest technologies and solutions.
Goldfinch Partners acquires payments fintech Vesta
Goldfinch Partners is taking control of more than 80% of the fintech.
Bank of Cyprus goes live on HPS PowerCard system
HPS has replaced two systems from ACI Worldwide and Bevertec.
Strong customer authentication suffers another delay
Biometrics authentication is fast & easy to deploy, benefitting all stakeholders in an online payment transaction.
Taking a deeper look at deepfake technology
It’s only a matter of time before cybercriminals attempt to use deepfakes as a common way to defraud businesses.
Unibank completes processing stage of TranzAxis migration
Azerbaijani lender is ploughing through a multi-stage move to Compass plus system.
Bank of India selects Uniken REL-ID to secure digital channels
Two firms extend decade-long systems partnership.
Remote work start-up Deel scores $14m series A led by Andreessen Horowitz
Andreessen general partner, Anish Acharya, is joining the San Francisco-based company’s board.
Al Alam enters liquidation following KPMG’s Wirecard audit
The firm is central to whistleblower claims that Wirecard fraudulently inflated sales & profits.
