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Tag Archives: FinTech News

Binance-backed BounceBit Announces Strategic Partnership with Free Tech to Enhance Secure Cross-chain Transactions

CoinspeakerBinance-backed BounceBit Announces Strategic Partnership with Free Tech to Enhance Secure Cross-chain Transactions Through the partnership between BounceBit and Free Tech, users can seamlessly swap BBTC and BBUSD with over 50 top blockchains. Binance-backed BounceBit Announces Strategic Partnership with Free Tech to Enhance Secure Cross-chain Transactions

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Nordic Fintech Pleo Welcomes New CFO, Increasing Hope for Potential IPO

Recent moves at Pleo, including the appointment of a new CFO, have sparked speculation about a potential IPO, driving expectations for a valuation surge beyond the current $4.7 billion mark as of August 2023.  European fintech company Pleo has welcomed a new chief financial officer to expand its executive team and bolster its business offerings, CNBC reported Wednesday.  According to the report, Pleo, known for offering simplified expense management and smart company cards to make payments...

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Circle: 51% of Consumers Latin America Use Digital Assets for Purchases

Latin America has identified that regulated, blockchain-based financial services will soon be the order of the day. The world of finance, as we have it today, has changed drastically, and stablecoins and tokenized data may be at the center of this change. So much so, that what used to be a difficult task for businesses and private individuals, especially in international payments and settlements, has now become significantly easier. For clarity, transactions worth over $7 trillion were...

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British Payment Firm SumUp Secures $307M in Funding Round for Global Expansion

Currently valued at $8.6 billion after its £590 million ($624 million) investment round last year, SumUp stands strong in private markets with no immediate plans for an initial public offering. London-based financial services company SumUp has secured £285 million worth approximately $307 million in its latest funding round to expand its business offerings to other parts of the world outside the United Kingdom. The company has already established its presence in other financial markets...

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Mastercard Partners with Feedzai to Leverage AI Tech to Detect and Tackle Crypto Fraud

Mastercard’s partnership with Feedzai aims to address concerns around crypto fraud and money laundering by leveraging artificial intelligence to differentiate between legitimate and fraudulent transactions. Mastercard Inc (NYSE: MA) is strengthening its efforts to identify and prevent fraud associated with crypto exchanges. In an exclusive statement to CNBC, the company revealed a partnership with Feedzai, a regulatory technology platform leveraging artificial intelligence to combat online...

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