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PSCU Names Two New Account Management Execs

PYMNTS

PSCU, one of the nation’s premier Credit Union Service Organizations (CUSO), has named two new account management executives, as part of what the company calls its continued commitment to delivering a best-in-class experience, according to a press release. She has been working in the financial services field for more than three decades.

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FinTech TerraPay Is Acquired, Raises $9.6M

PYMNTS

TerraPay, a Dutch FinTech, has been acquired by a number of investors, including Prime Ventures, Partech Africa and management for an undisclosed amount. It also aims to enable banks, mobile money operators and other providers to connect with one another at a low cost. TerraPay was launched in 2015.

Fintech 168
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COVID-19 Efforts Top PayPal Global Impact Report

PYMNTS

the California-based online payments system, on Monday (April 27) released its annual Global Impact Report , which typically highlights the firm’s progress on advancing profitability, promoting a diverse workforce, minimizing pollution and operating responsibly. PayPal Holdings Inc.,

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Latin America Tech Booms As Brazil Dominates And Regional Investors Grow

CB Insights

Investors from around the globe are flocking to Latin America — within the first half of 2018, deep-pocketed investors like Andreessen Horowitz, Sequoia Capital, and DST Global have backed startups in the region. Since 2012, investments into the region have nearly tripled. GIC, Tiger Global Management, ICONIQ Capital.

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5 Actionable Insights From 2Q 2022 Bank Earnings

South State Correspondent

With 100+ public banks reporting, we have more than a representative sample to see 2Q 2022 bank earnings trends and derive some operational insights on bank performance. Fees at banks dropped, primarily driven by mortgage operations, and net interest margin increased by approximately 25 basis points to 3.12%.

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SoftBank Expected To Sink $1B Into LATAM Delivery App

PYMNTS

Citing sources familiar with the matter, Bloomberg reported that the investment will probably be led by the newly formed Innovation Fund, which was launched by SoftBank Chief Operating Officer Marcelo Claure for technology investments in Latin America. If it closes, it would be SoftBank’s largest investment in Latin America.

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SWIFT Selects Javier Pérez-Tasso As New CEO

PYMNTS

SWIFT has an exceptionally strong management team, which has enabled the board to appoint an internal candidate and which will also allow for a smooth transition,” said SWIFT Chairman Yawar Shah. Pérez-Tasso joined SWIFT in 1995, and in 2015 was appointed as chief executive for the Americas and U.K.