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FinMont incorporates AI solution for travel payments

Global payment orchestration platform, FinMont, is utilising advanced AI to optimise travel payments by determining the optimal payment route and payment method.

/payments

Libra Internet Bank taps Temenos for cross-border payments

Temenos (SIX: TEMN) today announced that Libra Internet Bank, one of the most innovative banks in Romania, has selected Temenos to modernize its payments capabilities using Temenos Payments to facilitate ISO 20022 cross-border payments and reporting (Swift CBPR+) on the Swift network. Libra will leverage Temenos’ composable, scalable platform to add other payment rails in future, bringing them together in a single, efficient platform. This will support the bank’s growth plans to double payments volumes over the next five years.

/payments

Tipalti secures EMI licence and expands solution across EU

Tipalti, the leading finance automation platform, today announces the launch of a fully localised solution for the European market, along with a recently granted Electronic Money Institution (EMI) licence from De Nederlandsche Bank (DNB).

/payments

DKK Partners closes £3 million pre-seed round

DKK Partners, a leading Frontier Markets FinTech company which specialises in emerging markets (EM) and foreign exchange (FX) liquidity has announced the successful closing of their pre-seed funding raise, totalling £3 million, prior to Series B set to take place at the beginning of 2024.

/payments

Vodeno unveils new chairman and CEO

Vodeno, a leading European Banking-as-a-Service (BaaS) provider, today announces the appointment of Philip McHugh as Chairman and Noah Sharp as CEO. McHugh and Sharp will steer Vodeno’s next phase of growth and continue the company’s momentum, with more than 30 BaaS projects delivered or in development, and new investors, NatWest Group and the European Bank for Reconstruction and Development (EBRD), confirmed in recent months.

/payments

Blackbullion announces money management app to promote financial wellbeing for students

A new free money management app, designed to transform the way students manage their finances, has been launched today by leading financial wellbeing platform, Blackbullion. The first-of-its-kind app aims to help students use and understand their money confidently across the university or college term, making sure they can focus on their academic studies and wellbeing.

/payments

Citi TTS launches four payment solutions to improve UX

Citi Treasury and Trade Solutions launches a set of four payment solutions for Financial Institution (FI) clients, which are designed to improve the client experience for their end users. With this, FI clients will now have access to new capabilities -- each of which can now be used with low or no implementation work or technology build.

/payments

HyperJar raises $24 million Series A

HyperJar, the London-based Fintech, today announced a USD$24mm Series A raise which is led by Susquehanna Private Equity Investments, LLLP, and includes the Healthcare of Ontario Pension Plan “(HOOPP)”.

/payments

Report: Focus on faster payment rails represents a significant market opportunity

BNY Mellon (NYSE: BK), in collaboration with Datos Insights, today released a report examining the ongoing growth of real-time payments as a result of increasing demand from consumers for faster payment options. The reports finds that a focus on faster payment rails represents a significant market opportunity – and businesses that are not investing in new payments technology could find themselves at a competitive disadvantage.

/payments

Fipto raises €15 million for blockchain-based treasury management play

French Treasury Management fintech Fipto has raised €15 million in seed funding that it will use to accelerate its platform that enables companies to manage their corporate treasury and make international payments in fiat and digital currencies using blockchain technology.

/payments

Network International to power Alipay+ acceptance for 50,000+ merchants in the UAE

Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced its strategic partnership with Alipay+, to enable the acceptance of several prominent e-wallets from across the world on its all-in-one POS terminals for its 50,000+ merchants in the UAE.

/payments

Over a third of Gen Z use BNPL schemes once a month

Pay.UK, owner and operator of the Current Account Switch Service, today publishes research revealing that the majority of Gen Z wish they had received more financial education at school.

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