Conferma Pay, Sabre and Mastercard Issue B2B Virtual Travel Payment Cards
UK virtual corporate card provider Conferma Pay and US travel tech company Sabre have partnered with Mastercard to issue virtual cards for B2B travel payments. The solution involves generating single use card numbers to enable travel buyers and suppliers to
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Belgium’s OpenWay Launches Card-as-a-Service Platform
Belgian payment processing company OpenWay has added card issuing software to its Way4 digital payments platform covering credit, debit, corporate, fleet, instalment, prepaid, loyalty, and gift cards. The new “card-as-a-service” software includes features such as carbon footprint trackers for each
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UBS Chooses Regula’s Identity Verification Solutions to Automate Onboarding
UBS has partnered with Latvian identity verification company Regula to create a fully automated and 24/7 account opening process for new customers. Instead of real-time video interviews, which were previously required by UBS to verify new customers, the enrollment process
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BVNK Acquires System Pay Services to Provide Licensed E-Money Services
UK crypto payments platform BVNK has acquired payments company System Pay Services for its Electronic Money Institution (EMI) license after receiving Financial Conduct Authority (FCA) approval. The EMI license enables BVNK to broaden its product offering to include e-money services,
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wefox Appoints Zalando’s Laura Eschricht as Chief Marketing Officer
German insurtech platform wefox has appointed Laura Eschricht as its new Chief Marketing Officer, effective immediately. She joins wefox from German ecommerce retailer Zalando. Eschricht is a seasoned marketing professional with over 15 years of global experience. Prior to Zalando,
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BlockFi Files for Bankruptcy Due to Exposure to FTX
Crypto lender BlockFi has filed for Chapter 11 bankruptcy protection citing a liquidity crisis due to substantial exposure to recently bankrupt crypto exchange FTX. BlockFi says that it is exposed to FTX via loans to Alameda, a crypto trading firm
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Quid Launches Multi-Currency Wallet for SMEs With Visa’s Currencycloud
UK business banking platform Quid Global and cross-border payments platform Currencycloud have partnered to launch Quid’s multi-currency global wallet for businesses. The integration with Currencycloud will provide Quid’s SME clients with a multi-currency wallet that can convert between EUR, GBP,
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Spain’s Cobee Raises €40M Series B for Employee Benefits Platform
Madrid employee benefits platform Cobee has closed a €40 million Series B funding round with investments from London-based Octopus Ventures and Notion Capital. The company says that it tripled its business since it last raised a €14 million Series A
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Estonia’s Kriptomat Partners Volt for Real-Time Payments for Crypto Trading
Estonian crypto platform Kriptomat has partnered with UK payment gateway provider Volt to enable customers to make real-time account-to-account payments to buy, sell and exchange cryptocurrencies. Prior to integrating with Volt, Kriptomat customers used bank transfers, credit cards and e-wallets
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Fintech Startup Failures Pile Up
After experiencing record investment volumes in 2021, venture funding is dropping significantly this year amid hiking inflation rates, political instability and tanking stock prices. Investors are scaling back their investment pace significantly, and though many startups are still holding strong
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