USA
PayPal Dips Its Toes in the Crypto Market…. in 2021
PayPal announced the launch of a new service enabling its customers to buy, hold and sell cryptocurrency directly from their PayPal account. The company is introducing the ability to buy, hold and sell select cryptocurrencies, initially featuring Bitcoin, Ethereum, Bitcoin
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Digital Banking Solution Meniga Announces US Expansion
Meniga, provider of AI-powered digital banking solutions, announced that it has expanded its business to the US, with a dedicated team appointed to drive sales operations. The new US team – operating remotely before opening planned premises in New York
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Pay With Your Palm? Amazon Launched New Biometric System
Amazon launched its latest payment technology using a new biometric system that uses palm recognition, allowing its users to do everyday activities like paying at a store, presenting a loyalty card, entering a location etc. The service, called Amazon One,
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Volante Technologies Ties up With Goldman Sachs’ for Its Cloud Banking Platform
US based Volante Technologies, cloud payments and financial messaging solution, announced a collaboration with Goldman Sachs for the Goldman Sachs Transaction Banking Platform. Voltane will provide the payment technology underpinning the bank’s recently launched digital transaction banking service built entirely
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Google Pay Plans to Offer Digital Bank Accounts
Google is expanding its plans to offer digital banking services in the United States (U.S.) by partnering with several banks to offer digital checking and savings accounts to Google Pay users which will be available in 2021. The 8 banks
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Remitly Announces $85 Million Round as Digital Remittances Surge Globally
Remitly, a mobile-first provider of remittances and financial services for immigrants announced a $85 million funding round to fuel the company’s growth as the global demand for digital remittances continues to surge during the COVID-19 pandemic. The funding will enable
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No Fee Samsung Money Card Starts This Summer
Samsung Electronics America, unveiled Samsung Money by SoFi, a new mobile-first money management experience that brings a cash management account and accompanying Mastercard debit card along with exclusive benefits to Samsung Pay, in partnership with innovative fintech company SoFi. The
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White Paper Outlines Need for Smaller Lenders to Collaborate with Fintechs
Community banks and credit unions are struggling to keep up with the pace of innovation due to limited capacity, lack of skills, and limited budget. Given these limitations, smaller lenders must collaborate with fintech companies to meet fast-changing customer demands
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Facebook’s Libra Appoints ex Secretary for Terrorism & Financial Intelligence as its First CEO
The Libra Association, an independent membership organization, announced the appointment of Stuart Levey as its first CEO. Mr. Levey brings to the Association a wealth of leadership experience in the public and private sectors cutting across banking, regulatory policy and
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Stripe Launches Card Issuing Services for Businesses in the US
Payments company Stripe has rolled out a new card issuing product in the US, allowing businesses to create, manage and distribute tailored virtual and physical cards to their customers and employees, the company announced on April 23. Stripe Issuing is
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