New Zealand Commerce Commission to Lower Merchant Service Fees for Card Payments
The New Zealand Commerce Commission has announced a draft decision to reduce the fees businesses pay for accepting Visa and Mastercard card payments, aiming to cut costs and benefit both merchants and consumers. The Cost of Card Payments ... Read More
Neonomics Alleges Anti-Competitive Practices by Norwegian Banks in Payments Market
Open banking data vendor Neonomics has filed a formal complaint with the Norwegian Competition Authority (NCA), accusing the country’s banking sector of engaging in anti-competitive practices that hinder market innovation and fair ... Read More
Morgan Stanley Partners with Wise for Cross-Border Payment Technology
Morgan Stanley has become the first investment bank to adopt the Wise Platform for managing foreign exchange international settlements for its corporate clients. A Milestone in Banking Technology This collaboration marks a major step ... Read More
BVNK Secures $50M Series B to Expand Stablecoin Payments in the US
Stablecoin payment infrastructure firm BVNK has raised $50 million in a Series B funding round, propelling its expansion into the United States. Key Investors The funding was led by Haun Ventures, with participation from major players ... Read More
Volume Raises $6M to Expand Account-to-Account Payment Services
London-based fintech startup Volume, a pioneer in account-to-account (A2A) payments, has raised $6 million to scale its operations across the UK and Europe. Funding Details The funding round was led by United Ventures with additional ... Read More
Australian Regulator Sues HSBC Over Inadequate Scam Protections
The Australian Securities and Investments Commission (Asic) has initiated legal action against HSBC Australia, accusing the bank of systemic failures in safeguarding customers from scams and recovering their losses promptly. According to ... Read More
Bitsight Bolsters Cyber Risk Management Through Cybersixgill Acquisition
In a strategic move to strengthen its cyber risk management solutions, Bitsight has acquired Cybersixgill, a leader in real-time threat intelligence. This acquisition is set to enhance Bitsight’s ability to help organisations identify, ... Read More
Thoughtworks Partners with AWS to Boost Generative AI Adoption in Asia Pacific
Thoughtworks, a global technology consultancy, has entered into a Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to accelerate the implementation of Generative AI (GenAI) solutions for enterprises in the Asia ... Read More
Upvest Raises €100M Series C to Double Workforce and Expand Markets
Berlin-based investment API provider Upvest has secured €100 million in a Series C funding round, propelling its ambitious plans to expand and innovate. Investment and Key Backers The round was led by Hedosophia and joined by Sapphire ... Read More
Railsr and Equals Group to Merge in £283M Deal
Embedded banking platform Railsr and payments provider Equals Group are set to combine forces in a £283 million merger, marking a significant move in the financial services sector. Merger Details The acquisition will occur through a ... Read More