"US banking and PayTech giant FIS has reportedly signed a $300 million deal to acquire London-based FinTech Demica , several media reports stated on Monday. Founded in 1992, Demica offers a cloud-based supply chain finance powering the trade finance programme for...
Fraud Evolution, AI Takeover, and Borderless Banking: What to Expect in 2025
"The FinTech landscape in 2025 is poised for significant transformation, driven by evolving fraud tactics, advancements in AI, regulatory shifts, and increasing consumer demands. Industry leaders are preparing to address these dynamic challenges and seize...
Open Payment Network Acquires ExcheQ Instant Payment App from North American Banking Company
"Open Payment Network announced that it has acquired ExcheQ, a payment application from North American Banking Company that gives financial institutions an easy to use instant payment app to offer their customers. ExcheQ provides the capability of sending and...
Visa Completes Acquisition of Featurespace
"Visa announced it has completed its acquisition of Featurespace, a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. This will bolster Visa’s fraud protection...
Banks May Be Ill-Equipped for Demands of Real-Time Payments [Asia]
"Real-time payment adoption amongst banks in the Asia-Pacific (APAC) region could slow amidst consumer and regulatory demand for more secure systems due to rising financial crimes, analysts said."
Worldline Launches Flexcommissions, Enabling Increased Cashflow and Payout Customization for Partners
"Worldline announced the launch of FlexCommissions, a new flexible payout feature for its e-commerce solution that increases cash flow for partners across North America."
Klarna Partners With Iconic Luxury Retailers Neiman Marcus and Bergdorf Goodman
"Klarna has partnered with Neiman Marcus, one of the largest luxury retailers in the U.S., and famed New York City-based Bergdorf Goodman to offer its range of flexible payment methods online."
Plaid Reveals the US Institutions Most Prepared for Open Banking
"Financial institutions in the US have reported differing levels of readiness ahead of new Open Banking regulatory requirements, with executives from the largest banks the most confident in their institution’s regulatory preparedness, according to new research by...
Debit Surcharge Ban Unfairly Favours Major Banks, Claims Square [Australia]
Jack Dorsey’s Block has undermined federal Labor’s proposed ban on debit card surcharges warning that it will simply entrench the dominance of the big four banks in the area of payments, making fee bundlers like Block’s Square less competitive.
Buy Now, Suffer Later
"Klarna, a Swedish lending technology firm, boasts 85 million users worldwide, making it one of the biggest companies in a burgeoning industry called “buy now, pay later,” or BNPL, which allows consumers to make purchases in interest-free installments. The payment...