Money movement platform Thunes has expanded its partnership with digital asset infrastructure company Ripple. This latest collaboration, announced Tuesday (Sept. 2) combines Thunes’ network with Ripple’s blockchain-powered payments solutions to allow Ripple’s enterprise customers to more easily withdraw funds in new currencies and countries to enhance their global payment capabilities....
U.K.-based FinTech firms are ramping up plans to acquire American banks to boost lending abilities. As the Financial Times noted Monday (Sept. 2) in a report on this trend, this is happening as U.S. financial regulators are showing a new openness to mergers under President...
Liberis and Elavon partnered to deliver a funding solution for small businesses across the United States. The new Quick Capital solution is powered by Liberis’ embedded finance platform and Elavon’s merchant portal for payment processing solutions and services, the companies said in a Tuesday (Aug....
Sycamore Partners said Thursday (Aug. 28) that it completed its acquisition of Walgreens Boots Alliance and that the businesses that made up WBA are now operating as standalone companies under private ownership. Those companies include Walgreens, The Boots Group, Shields Health Solutions, CareCentrix and VillageMD,...
Cross River Bank and Sightline Payments are collaborating on a new gaming industry payment solution. Sightline Debit, which the companies called a “first-of-its-kind” offering in their announcement Tuesday (Aug. 26), is designed to streamline both spending and wagering. “This not only lowers payment costs for...
Monetization platform Zuora is teaming with human resources/finance platform Workday. This collaboration combines Zuora’s order-to-cash automation with Workday Financial Management to give business to consumer (B2C) companies a simpler way to handle complex billing and revenue streams from things like subscriptions or usage-based pricing, the companies said in...
Circle is teaming with Finastra to help banks integrate stablecoin settlement into cross-border payment flows. The partnership, announced Wednesday (Aug. 27), will use Finastra’s payment hub solutions to connect financial institutions to Circle’s payment infrastructure, allowing for settlement in Circle’s USDC stablecoin, even when payment...
The merger between Capital One and Discover Financial put a dent in bank profits. Second-quarter data released Tuesday (Aug. 26) by the Federal Deposit Insurance Corp. showed $69.9 billion in profits for the banking sector, down 1% from the previous quarter. “The increase in provision...
Latin American delivery/financial services app Rappi has launched a partnership with global wallet platform AstroPay. The collaboration, announced in a news release Tuesday (Aug. 26), is being billed as the region’s first wallet-on-file integration, letting users in Argentina, Brazil and Peru pay across currencies, with...