News

Investments
HSBC Ventures Pours $35M Into Mobile Money App Monese for Expansion
September 21, 2022

Monese has announced a $35 million investment from HSBC, which now sees Monese’s total raised to $208 million, a press release said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

B2B Payments
Boost, Robobai Partner to Accelerate Payments Optimization 
September 21, 2022

B2B payment processing company Boost Payment Solutions has partnered with automated intelligence software provider Robobai to help enterprise businesses accelerate payments optimization and to provide those across the supply chain with streamlined disbursement processes.  Get the Full Story Complete the form to unlock this article...

B2B Payments
Wire Transfers First to Go When B2B Firms Adopt Real-Time Payments
September 21, 2022

When companies add real-time transactions to their B2B payments mix, wire transfers and regular ACH are the typically the first methods to get displaced.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Digital Banking
Open Finance Platform MX Adds Connectivity, Insights, Mobile Banking
September 21, 2022

Open finance platform MX has announced product updates that bolster the platform’s ability to deliver financial data to financial institutions (FIs) and FinTechs and help them improve their customer experiences, pace of innovation and collaboration with others in the industry. Get the Full Story Complete...

News
Kraken CEO Jesse Powell, Crypto’s First Banker, Steps Down
September 21, 2022

Update: Adds background. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications...

Investments
Brightflow AI Raises $19M in Series A, Seed Funding to Empower SMBs
September 21, 2022

Financial intelligence platform Brightflow AI has announced $19 million in new funding, comprised of a $15 million Series A round and $4.2 million from a seed round. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Banking
FV Bank Rolls Out Circle Integration
September 21, 2022

Puerto Rico’s FV Bank has launched a service for account holders that lets them instantly convert Circle’s USD Coin into U.S. dollars upon deposit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Banking
Citi to Exit UK Retail Banking, Focus on Wealthiest Customers
September 21, 2022

Citigroup is planning to end its retail banking operations in the U.K., shifting its focus to its wealthiest clients. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

B2B Payments
Today in B2B Payments: Companies Announce 3 New Partnerships
September 21, 2022

Today in B2B payments, Cleareye.ai and J.P. Morgan partner on trade finance, Taulia and Standard Chartered collaborate on working capital finance solutions, and Suuchi GRID and Bankamoda team on supplier financing in Latin America. Plus, Sequence comes out of stealth and raises $19 million to...