Category : Digital
British Fintech Powerhouse Quantexa to Invest $160 Million in AI Research and Development
UK’s leading financial technology (Fintech) organization, Quantexa has announced a fresh investment of $160.25 million (£125M) into the global AI industry. This investment would improve the abilities of both private enterprises as well government agencies in utilizing the power of AI-enabled solutions for Decision Intelligence and Business analytics. The CEO......
PhonePe Develops POS Devices For Businesses
PhonePe PoS software Fintech upstart PhonePe has unveiled Point-of-Sale (PoS) devices that allow businesses to take payments through debit cards, credit cards, and UPI a month after launching its payment gateway and lending services. The market is controlled by companies like Pine Labs, BharatPe, Mswipe, and Ezetap, among others, in......
Papara, A Turkish Fintech Business, Has Acquired The Spanish Neobank Rebellion.
Purchase of Rebellion Papara, a Turkish financial technology business, has announced the purchase of Rebellion, a Spanish neobank. This strategic decision represents a big step forward for the Istanbul-based corporation in its efforts to extend its footprint in Europe. Neobanks are forward-thinking financial organizations that only function via mobile and......
Zurich-based Fintech Numarics Raises €10.2 Million For Its SME Digital CFO Solution.
Numarics may save SMEs money The product was first introduced by Numarics in September 2021, and it won Gold in the Enterprise category of the Best Of Swiss Apps 2021. The renowned Swiss FinTech Awards named Numarics this year as one of the top five growth-stage businesses and one of......
Dock Launches Responsible Credit Solutions to Empower Financial Inclusion
Dock will provide a range of options to make credit offerings more flexible, clear and understandable for consumers Dock, an innovator in payments and digital finance infrastructure across Latin America, announced the launch of Responsible Credit Solutions on its proprietary Dock One platform. These solutions enable businesses to offer an array......
Hiscox Selects Ivalua to Digitally Transform its Source-to-Pay Processes
Ivalua, a global leader in spend management, announced that, after a comprehensive selection process, Hiscox, an international specialist insurer, has selected Ivalua’s full, Source-to-Pay (S2P) solution to digitalize its global procurement operations. With over 1.5 million retail customers across the UK, Europe, Asia and the USA, Hiscox offers a range of specialist insurance products in......
CSC Acquires Eddystone Financial Services, Expanding Loan Agency Offering in Australasia
CSC, a leading provider of business, legal, tax, and digital brand services, announced the acquisition of Eddystone Financial Services, a provider of corporate loan agency services. The acquisition will continue to expand the company’s corporate trust and agency solutions to the Australian and New Zealand markets. “We’re pleased to formalize......
Arqit: Consortium Delivers Cross-Border Quantum-Secure Digital Trade Transaction
An international consortium of industry and technical experts, supported by government, business and other organisations have completed the world’s first quantum-secure cross-border electronic trade document transaction, delivering a verifiable, secure, and legally recognisable solution for future digital trade transactions. This significant step forward in the journey to fully digital international......
Six Ways Fraudsters Are Using Generative AI to Commit Fraud
Generative artificial intelligence (AI) has already had a pervasive impact on our lives, with many experts sharing their opinions on the technology’s industry changing commercial potential and how it might be used in future. I recently shared my thoughts on how the technology would change the payments industry, but while there are......