Tag Archives: FinTech News

Sebastian Siemiatkowski, Klarna’s CEO and founder, said that the firm is very hopeful for the second half of 2023, suggesting that the aggressive cost-cutting strategy in 2022 may now be yielding. Despite its efforts towards profitability, buy now, pay later firm Klarna has revealed that it failed to record a half-year 2023 profit. The Swedish firm, which had earlier taken measures to cut costs, confirmed that the measures did help reduce its losses by roughly 67% in the period. However,...

Ivy will use these funds to expand its footprint in different regions and partner with major payment service providers thereby helping them power their own open-banking offerings.  On Thursday, August 31, Berlin-based startup Ivy announced that it secured a staggering $20 million in funding in order to take the open-banking payments international. Ivy recently built an API to create a “network of networks” for open banking payments globally. Open banking, a concept where traditional banks...

CoinspeakerTrustly Acquires SlimPay for Over $75M in European Expansion Bid Trustly acquired SlimPay shortly after launching its data engine - Trustly Azura. Trustly Acquires SlimPay for Over $75M in European Expansion Bid

CoinspeakerMukesh Ambani-backed Jio Financial Services Announces Plans to Extend Services to Insurance Industry The Indian billionaire highlighted during Reliance's annual general meeting that JFS intends to further widen its financial services with global partners including Blackrock. Mukesh Ambani-backed Jio Financial Services Announces Plans to Extend Services to Insurance Industry

CoinspeakerMastercard Joins Hands with Ripple on Its CBDC Partner Program As part of its CBDC Partner Program, Mastercard has joined hands with prominent CBDC leaders and payment giants to work along with the central banks to bring CBDCs to the market under a regulatory framework.  Mastercard Joins Hands with Ripple on Its CBDC Partner Program

CoinspeakerStellar Foundation Invests in MoneyGram in a Push for FinTech Stellar Development Foundation said that the investment in MoneyGram in growing its digital business, researching blockchain technology, and contributing in other ways. Stellar Foundation Invests in MoneyGram in a Push for FinTech

CoinspeakerFedNow Adopts DLT Micropayment Partner for Retail Transactions on Hedera The collaboration between FedNow and Dropp has garnered mixed reactions from the crypto community. FedNow Adopts DLT Micropayment Partner for Retail Transactions on Hedera

CoinspeakerMastercard to Acquire Minority Stake in MTN’s Fintech Business In the midst of this strategic partnership, MTN has delivered impressive financial results for the first half of the year. Mastercard to Acquire Minority Stake in MTN’s Fintech Business

CoinspeakerRipple CTO Schwartz Comments on Requirements Issued by Fed on Banks Transacting with PayPal Stablecoin David Schwartz seems unsurprised that the Fed is reacting negatively to the new stablecoin issued by PayPal. Ripple CTO Schwartz Comments on Requirements Issued by Fed on Banks Transacting with PayPal Stablecoin

CoinspeakerRevolut to Close US Crypto Services Due to Uncertain Regulatory Position From October 3, customers in the US will no longer be able to use Revolut to buy, sell, or hold any cryptocurrencies. Revolut to Close US Crypto Services Due to Uncertain Regulatory Position