AccessPay, the leading corporate-to-bank integration partner, and Finastra, a global provider of financial software applications and marketplaces, have teamed up to remove the challenges and reduce the costs associated with traditional corporate banking's host-to-host connections.
Klarna's Australian arm racked up losses of $56 million last year, four times bigger than when it launched in the country in 2020, when it reported a $14 million loss.
Cloud native payments-as-a-service platform Form3 has secured a €23 million venture debt facility to explore acquisitions, launch into new markets and support new product growth.
South Africa's top four banks are to begin the roll out of Payshap, a low value, interbank, real-time digital payments service aimed at increasing financial inclusion to the underbanked segement.
Uma Wilson, EVP, chief information and product officer for UMB bank, joined Finextra for a chat during a break in the action on the exhibit floor of last week's AFP conference in Philadelphia. She talked about how banks can best answer calls for product innovation and partnership, and provide solutions to pain points that – in some cases at least – have long plagued customers, especially those in the corporate payments and treasury management space.
Egyptian fintech Money Fellows has raised $31 million for its mobile-based platform for money circles - where a group of people put money into a pot for a specific period so that they can save and borrow together.
