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Channel: FinTech – Finance Magnates | Financial and business news
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Alpian Raises $12.45 Million to Launch Digital Private Bank

The platform will target the Swiss affluents with its banking services.

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Ripple Joins Global ISO Standards Committee for Cross-Border Payments

The firm will be the first member focused on Distributed Ledger Technology (DLT)

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European Payment Giants Join to Form an Industry Alliance

The body will try to influence the EU laws for the payments industry.

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AXA Ventures Leads $5M Investment in Cybersecurity Startup Hub Security 

Tel Aviv-based cyber platform closes Series A funding round with additional investment from OurCrowd

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Five Features a Next-Generation Mobile Bank Needs to Survive 

Mobile banking needs to adapt to advancing technology and changing consumer needs

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DBS Bank Joins Blockchain Network Contour to Digitize Trade Settlement

Contour’s ecosystem of banks continues to grow ahead of the blockchain platform’s full launch later this year

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Wirecard and Varengold Bank Team Up to Offer Payment Solutions to FinTechs

The collaboration will provide firms with access to capital to refinance loan portfolios

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Travelex will not Pay Upcoming Coupon Payment of €14.4 Million

COVID-19 has put a strain on the company’s operations.

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Absa Bank Invests in South African Startup Stock Exchange A2X

The exchange is providing listing services at a reduced cost.

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Israeli Startup accessiBe Secures $12M Investment from K1

The firm has developed a plug-and-play solution to make website content more accessible for users with disabilities

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Mastercard and Enel X to Set Up Fintech-Cyber Innovation Lab in Israel

The new lab will develop fintech and cybersecurity solutions for payments and energy networks worldwide

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Monzo to Raise Fresh Funds with 40% Valuation Cut

The challenger bank was valued at $2.44 billion last June.

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Freetrade Exceeds £1m CrowdFunding Goal, Aims for £7m

The initial target of £1 million was reportedly reached in under five minutes.

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WireWallet Opens SWIFT Channels for International Fund Transfer

The platform now supports both SWIFT and SEPA.

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Apex and BITE to Deliver New Asset Management Solutions to Asia

The partnership provides an offering for Chinese and other Asian investors to build an USD alternatives investment portfolio

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Ebury Launches Cross-Currency Instant Payment Services

Banco Santander owns 50.1 percent of the payments platform.

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PayPal Rolls Out QR Code Payments to 28 Markets Worldwide

Businesses are able to receive touch-free payments and consumers can make safe purchases during the Covid-19 pandemic

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Revolut Introduces Paymo Integration for Business Customers

Paymo app claims it has managed +2 million projects, tracked more than 110 million hours, and billed over $2 billion.

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First Data Fined with $40 Million in Settlement for Fraud Charges

The amount will be used to refund the affected consumers.

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Koine Signs International Joint Venture with DMT Global

Together the firms will deliver post-trade solutions to traditional exchanges and digital securities trading venues

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