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.
Drip Capital Aims To Create Trade Finance Network For Cross Border Buyers, Suppliers
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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Enterprise Security Returns To Top Of B2B Investment Mountain
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.
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Cadence Bank says insurance unit's sale should help capital, efficiency
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.
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Indonesian Wholesale Marketplace Ula Secures $10.5M In Seed Funding
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.
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SoftBank Rescues WeWork With $8B Capital Infusion
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
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SoftBank To Rescue WeWork With $8B Capital Infusion
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
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How To Do Better Against National Bank Lending Competition
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.
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Aspire secures USD 100 mln in Series C round
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.
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Logistics Outshines Blockchain In B2B Venture Capital This Week
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.
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Latin America Tries To Tackle Its Digital Security Problem
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.
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Latin America Entices B2B FinTech Investors
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
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Today In B2B: Revolut Debuts New Business Feature; MonetaGo Targets Trade Finance Fraud
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.
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Fair Value Accounting for Loans
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.
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Tech Center: EU’s Capital City Grows Tech Reputation
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).
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Southeast Asia B2B FinTech Keeps VC Wheels Turning
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.
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CRE risk management: Navigating hazards and opportunities
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.
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FinTech MatchMove To Acquire Stake In eCommerce Firm Shopmatic
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.
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How to Practice Loan Pricing Discipline
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.
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Macy’s Recognizes $3.1B Charge As Pandemic Reshapes Outlook
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.”.
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Walmart Could Invest $25B In Developing Tata Group’s ‘Super App’
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.
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Small Biz FinTech Leads Week’s B2B Funding Roundup
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.
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Visa Celebrates International Women’s Day With A Global Challenge For Female Entrepreneurs
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.
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Walgreens Fights Promotion Abuse With Digital Tracking
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.
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Closing Latin America’s $350B SMB Trade-Finance Gap
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.
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HSBC Taps Tokenization For Accounts Receivable Tool
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.
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How Collectives Aim To Make Cities Into Blockchain Centers
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.
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Rapyd FinTech Picks Up $20M; Eyes Big Acquisitions
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.
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Murex Extends Winning Streak in IBSi Sales League Table
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
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78 California BanCorp Launches Treasury Management Consultancy
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.
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Today In Payments Around The World: PayPal's Xoom Lowers Cost Of Sending Funds To Africa; Volante Accelerates Convergence For Exchange
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.
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Toys R Us Is Going Strong In Asia
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.
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Newly Funded B2B Startups Tap The Power Of Data
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.
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Singtel’s Dash Plans Remittance Service; KinerjaPay Notches $200M Investment
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.
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UAE May Allow WhatsApp VoIP
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.
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Banks Embrace Direct Data Integrations For SMB Services
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.
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B2B eCommerce Tips The VC Scales
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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128 JD’s Finance Arm Seeks Fresh Funding
PYMNTS
MARCH 16, 2018
In an effort to deepen its push into securities, banking and insurance, JD.com ’s finance arm is seeking to raise ¥12 billion — or $1.9 JD Finance reportedly plans to use some of the funds to invest in financial institutions within China — and to purchase licenses for securities and banking in addition to other areas.
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VCs Back Bitcoin For B2B Payments, AI For Enterprise Analytics
PYMNTS
DECEMBER 8, 2017
A $10 million Series B funding round for India-based corporate expense management company Happay was announced this week, reports in VCCircle said, with backers from Sequoia Capital leading the investment. secured $40 million in Series C funding, reports this week said. Artificial Intelligence. California-based H2O.ai
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Stripe Expands European Presence
PYMNTS
SEPTEMBER 10, 2019
Stripe aims to empower more companies from this region to export their creativity and ambition to the rest of the world.”. Stripe taps into machine learning for enhanced security safeguards to help prevent fraudulent transactions. . 5) the launch of Stripe Capital to simplify the way internet companies can access funds.
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Popular Bank Implements Branch Realignment in the New York Metro Region to Enhance Focus on Communities and Small Business Support
PopularBank
OCTOBER 28, 2020
Private Securities Litigation Reform Act of 1995, including without limitation those about Popular’s business, financial condition, results of operations, plans, objectives and future performance. Our filings are available on Popular’s website ( www.popular.com ) and on the Securities and Exchange Commission website ( www.sec.gov ).
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52 Indian Delivery Co Milkbasket Buys eGrocer PSR Supply Chain
PYMNTS
JULY 9, 2019
While we are growing phenomenally on our own, we are always on the lookout for strategic acquisitions to help us sharpen our learnings in specific regions or technologies,” Goel said. 15 crore ($168,087,750) from InnoVen Capital, a venture debt firm, which was its first deal of that type. crore ($364,700).
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Investors Back CloudTrade’s eInvoicing Tech
PYMNTS
JULY 30, 2018
Electronic invoice processing firm CloudTrade has announced the completion of its first investment round, securing £2 million ($2,621,936 USD) from Calculus Capital. The funds will accelerate expansion of U.K.-based based CloudTrade’s services in the U.S. markets.
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NCR: Bank Disruption On The Horizon; Banking M&A Deals To Follow
PYMNTS
DECEMBER 7, 2020
operations to PNC Bank , creating the fifth-largest regional player in the U.S. Firms with strong balance sheets, he said, have been in a position of strength to capitalize on select opportunities. No matter the size of the bank or the regional focus, there’s a general realization that disruption is on the horizon.
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