HyperPay partners with Capital Bank
The Paypers
MARCH 25, 2024
Payment gateway provider in the MENA region HyperPay has partnered with Capital Bank in order to deliver streamlined and secure payment gateway services for merchants.
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PYMNTS
JANUARY 21, 2021
And enter Drip Capital , the middleman that serves as the financial grease that enables trade to flow, easing concerns of both buyers and suppliers. said Pushkar Mukewar , co-founder and CEO of Drip Capital in a conversation with PYMNTS’ Karen Webster. When you think of any cross-border transaction — let’s say an importer in the U.S.
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PYMNTS
MARCH 1, 2019
Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Commerce Ventures, Flint Capital, Two Sigma Ventures, Synchrony and Sorenson Capital also participated, according to reports.
PYMNTS
NOVEMBER 20, 2020
Fresh on the heels of a $200 million round of fundraising, Tel Aviv’s Red Dot Capital is straying from its bread-and-butter focus on homegrown Israeli technology and security startups to find opportunity half a world away in Southeast Asia. But Stern said the strategy shift isn’t just based on the need to fuel growth.
PYMNTS
JUNE 10, 2020
Indonesian wholesale eCommerce market Ula has announced that it has secured $10.5 OSMDV, Quona Capital, Saison Capital, Alter Global and other unnamed investors participated. million in a new seed funding round, according to an e27 report. The round was led by Sequoia India and Lightspeed India.
American Banker
OCTOBER 24, 2023
The Southeast regional bank plans to use the deal's sizable proceeds to pay down wholesale borrowings and restructure its securities portfolio. Numerous banks have made similar moves in recent months.
PYMNTS
OCTOBER 23, 2019
With a new capital infusion, SoftBank Group is extending a lifeline of up to $8 billion into the office space and workspace solutions firm WeWork. There is also a joint venture share swap, in which all of the Vision Fund ’s interests in regional joint ventures not in Japan will be traded for shares in WeWork at the price of $11.60
PYMNTS
OCTOBER 23, 2019
With a new capital infusion, SoftBank Group is extending a lifeline of up to $8 billion into the office space and workspace solutions firm WeWork. There is also a joint venture share swap, in which all of the Vision Fund ’s interests in regional joint ventures not in Japan will be traded for shares in WeWork at the price of $11.60
South State Correspondent
FEBRUARY 20, 2023
Traditionally, community banks would compare their financial performance and health to similar-sized banks in their region. By excluding larger bank lending competitors, this SWOT analysis is mainly useless because it doesn’t compare this community bank’s performance with the majority of the banking competition in its region.
The Paypers
FEBRUARY 14, 2023
Singapore-based B2B fintech Aspire has secured a USD 100 million Series C funding led by Lightspeed and Sequoia Capital SEA to expand its product offering and regional presence.
PYMNTS
JANUARY 19, 2018
The hot topics in B2B venture capital these days are often cutting-edge technologies like blockchain and data analytics. Indeed, these spaces secured significant funding in this week’s B2B venture capital roundup. Check out the B2B payments, blockchain, logistics and data analytics firms that secured funding below.
PYMNTS
JUNE 28, 2018
But the recent thefts, along with other attempted and completed cyberattacks, demonstrate why payments officials in the region are expressing fresh concern about financial security there. Evidence of that comes from Swift’s Latin America Regional Conference , held earlier this month in Miami. Fraud is a Top Worry.
PYMNTS
JUNE 19, 2020
. “Latin America is a highly attractive growth market for us, and the acquisition of Omni will significantly expand our capabilities in this important region,” the firm’s Founder and CEO Lex Greensill said in a statement. FTV Capital recently announced that it has closed its sixth fund, and totaling $1.2
PYMNTS
DECEMBER 7, 2020
Plus, Pioneer Bank sues over MyPayrollHR scandal, Procurement Partners secures new funding, and ImagineTime partners on FinTech for accountants. Serent Capital Invests In Procurement Partners. MonetaGo, GUUD Team On Secure Transactions. Revolut Launches Acquiring Solution For Business Customers.
South State Correspondent
APRIL 10, 2023
Nonetheless, with the recent collapse of sizeable regional banks, regulators, investors, analysts, accountants, and bankers are now scrutinizing the fair value of banks’ securities and loan portfolios. Fair Value of Loans The fair value of securities has made recent headlines with a focus on regulators, legislators, and bankers.
PYMNTS
FEBRUARY 10, 2017
Belgium’s capital city is becoming known for more than just housing major international institutions like EU Parliament, EU Commission and NATO. The region is also home to an active and fast-growing startup scene. The city was ranked as a strong innovator by the latest edition of the Regional Innovation Scoreboard (RIS 2016).
PYMNTS
APRIL 24, 2020
With social distancing and an economic downturn the new reality for many markets around the world, venture capital is expected to slow significantly. bank technology firm securing $100 million to expand in the region. The investment is part of KarbonCard’s seed round, which secured another $1 million last month.
PYMNTS
MARCH 13, 2020
Investment rounds poured in across Asia, North America and Europe, with a Chinese “corporate wallet” securing the largest investment of the week. Below, PYMNTS rounds up the latest B2B FinTech venture capital funding rounds. In doubling its Series A funding round, Germany’s FinCompare secured an additional $13.4 Checkfront.
Abrigo
DECEMBER 18, 2023
WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 3 Loan-level stress testing can help assess repricing risk, while capital stress testing helps clarify the impact of CRE loan losses on capital.
PYMNTS
MARCH 31, 2020
With the investment, MatchMove, which is also based in Singapore, will be able to extend its “banking-as-a-service” wallet capability to Shopmatic’s ecosystem spanning over 435,000 eCommerce small and medium-sized businesses (SMBs) and individual entrepreneurs across the region.
PYMNTS
JULY 1, 2020
billion non-cash goodwill charge before tax, as the retailer’s long-haul forecast and market capitalization shifted, mainly due to the coronavirus health crisis. Gennette also said the company does not expect another complete closure, but is “staying flexible” and is “prepared to address increases in cases on a regional level.”.
South State Correspondent
FEBRUARY 27, 2024
Treating all credit facilities equally by setting minimum credit spreads regardless of size, term, cross-sell opportunities, lifetime value, and credit quality leads to misallocation of capital and substandard return on assets (ROA) and return on equity (ROE). Why do banks use RAROC loan pricing models? Cost-plus pricing.
PYMNTS
SEPTEMBER 29, 2020
Last month, Natarajan Chandrasekaran, chairman of Tata Sons, the parent company, told the Financial Times that the app will put the company in competition with giants of the region like Reliance Industries and global titans like Amazon. Chandrasekaran said the app would be a huge opportunity for the company. . On Monday (Sept.
PYMNTS
AUGUST 16, 2019
With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporate finance. Small business finserv was a popular target this week, with startups securing funding for their SMB banking, lending and accounting tools. Lendingkart.
PYMNTS
MARCH 6, 2019
The study reported that for every dollar of capital raised, women-run startups generated 78 cents in revenue, compared to 31 cents for men-run startups. The problem is that female-founded firms still lack in venture capital funding. To compete, firms must have at least one female co-founder.
PYMNTS
DECEMBER 2, 2019
The funds will be used to triple the unit’s $100 million working capital portfolio, provided to small and mid-sized businesses in Mexico, according to Martin de los Santos, SVP of Mercado Crédito, adding that the goal is to “democratize financial services.”. The Goldman Sachs loan won’t be used to finance lending in Brazil. “We
PYMNTS
DECEMBER 17, 2020
In the December edition of the Digital Fraud Tracker® , PYMNTS explores the latest in the world of fraud prevention, including the expanding threat of promotion abuse fraud, holiday season cyb ercrime schemes retailers are facing and the new fraud-fighting initiatives from retailers, banks and third-party security companies.
PYMNTS
SEPTEMBER 29, 2020
But, as Shoihet said, these firms account for roughly 50 percent of trade volume in the LATAM region. The other 50 percent, he said, comes from the SMBs that are being overlooked by the traditional financial services community, he told PYMNTS — and who create a majority of jobs in the region. trillion globally, according to Shoihet.
PYMNTS
JUNE 19, 2019
The bank is integrating Identitii tokenization technology to launch HSBC DART, a secure digital information exchange offered under its Global Liquidity and Cash Management (GLCM) business. “HSBC’s DART is an industry first,” said Identitii CEO Nick Armstrong in a statement.
PYMNTS
MAY 8, 2019
Factom , whose website describes the firm as a “blockchain innovations company,” is likely the oldest such company in the region and is five years old this month, according to Harris. It also has crypto investment funds such as Multicoin Capital and Adamant Capital.
PYMNTS
DECEMBER 3, 2019
London-based FinTech startup Rapyd has secured an additional $20 million in funding, bringing its valuation to $1.2 This latest round of funding comes from new investment firm Durable Capital Partners. Other investors included Tiger Global, Coatue, General Catalyst, Target Global and Entrée Capital.
Bobsguide
JUNE 13, 2022
Murex , the global leader in trading, risk management and processing solutions for capital markets, is thrilled its integrating MX.3 3 platform has topped the IBS Intelligence Sales League Table 2022’s Wholesale Banking | Treasury & Capital Markets category for the fourth year running. in capital markets. re-platforming?in
PYMNTS
JULY 29, 2019
“We took that feedback to heart and have invested in both the infrastructure and the human capital to deliver on it.”. In addition, CBC recently rolled out a new Treasury Management platform designed for user experience and enhanced with top-tier data security.
PYMNTS
DECEMBER 10, 2020
the ability to send secure funds to 12 countries in Africa for a reduced fee, while Volante Technologies Inc. and Europe the ability to send secure funds to 12 nations in Africa for a reduced charge. In today’s top payments news around the world, Xoom is now offering clients in the U.S., Canada, Europe and U.K. Canada, U.K.
PYMNTS
DECEMBER 7, 2018
Though not venture capital, the private equity raised for New Jersey-chartered community bank Cross River Bank is noteworthy not only for its impressive price tag of $100 million, but for its reflection of investors’ support for financial institutions that collaborate with the tech startup scene. Cross River Bank.
PYMNTS
JANUARY 7, 2019
While Toys R Us has disappeared from the United States, it is going strong in Asia, which plans to open 60 new stores throughout the region this year. It currently operates more than 550 stores in the region. “We Freeman, senior managing director at GlassRatner Advisory & Capital Group, said at the time.
South State Correspondent
APRIL 10, 2023
CRE Risk Background While ten years ago, community and regional banks use to make up some 55% of the CRE market, in 2023, these banks now compose approximately 72% (below). Another 1,305 community/regional banks were driven into the hands of competitors through M&A ( HERE ). This article explores the risk and what to do about it.
South State Correspondent
MARCH 15, 2023
It turns out that confidence is more valuable than capital. Now, customers and analysts will pay more attention to Loans + Securities-to deposit ratio. Instead of just looking at LTD, investors, and depositors, will now look at loan plus securities to total deposits. 9) Brand Matters: SVB had one of the best brands in banking.
PYMNTS
JUNE 7, 2019
This week’s B2B Venture Capital roundup is all about data. However, the biggest funding round of the week went to a company that is not yet in the B2B FinTech space, though it has plans to use the capital to launch a cross-border, small business (SMB) money-transfer service. Catch up on the latest investment rounds below.
PYMNTS
JANUARY 8, 2019
In addition, Pakistan’s Telenor Microfinance Bank unveiled a cross-border remittance service based on Alipay’s blockchain technology, Indonesia’s KinerjaPay notched an investment of $200 million from a construction firm in the region and mobile payments are on the rise in China.
PYMNTS
NOVEMBER 6, 2019
However, Mohamed Al Kuwaiti, executive director of the UAE’s National Electronic Security Authority, told CNBC that the country has been working with big tech platforms, especially Facebook-owned WhatsApp, on national security initiatives. Of course, technology also brings with it security concerns.
PYMNTS
NOVEMBER 24, 2020
Bank Chief Digital Officer for Platforms and Capabilities Gareth Gaston said the bank is now "able to authorize direct connections with data aggregators and FinTechs," while providing assurance to customers that data remains secure. Meridian Taps Thinking Capital For SMB Finance. Visa Links With Codat For SMB Bank Data Sharing.
PYMNTS
JULY 10, 2020
In December, Rapyd secured $20 million in funding , bringing its valuation to $1.2 That round of funding came from new investment firm Durable Capital Partners. Other investors included Tiger Global, Coatue, General Catalyst, Target Global and Entrée Capital.
PYMNTS
OCTOBER 4, 2019
An Egyptian firm landed the MENA region’s largest-ever seed round, a California company proved U.S.-based million investment round in commercial card startup DiviPay, reports said this week, via the bank’s venture capital unit ANZi. based Steadview Capital, adding to the previous Series A round announced in April.
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