This week’s edition of Finovate Global features news from the fintech scene in Hong Kong. Worldline partners with BOCHK International payment services company Worldline has forged a partnership with the Bank of China (Hong Kong), also known as BOCHK. The partnership makes the bank the first Hong Kong-based customer of Worldline’s open platform card solution, Read more... The post Finovate Global Hong Kong: Open Platforms, Web3, and New Opportunities for Octopus appeared first on Finovate ..read more

U.K.-based digital bank Pockit announced that it has acquired multi-currency account provider Monese. While financial terms of the deal were undisclosed, Pockit is rumored to have paid a “modest sum” for Monese. According to the Times, Pockit CEO and Co-founder Virraj Jatania said that the deal would be “transformational” for the company and “great news Read more... The post U.K. Digital Bank Pockit Acquires Monese appeared first on Finovate ..read more

At FinovateFall last month, Finovate’s David Penn sat down with Wysh Founder and CEO Alex Matjanec to discuss the concept of micro life insurance. We’ve highlighted pieces of the conversation below, and included the entire 10-minute video for you to check out the full story. Tell us a little bit about Wysh and your approach Read more... The post Streamly Snapshot: Micro Life Insurance appeared first on Finovate ..read more

This week, Klarna Checkout, also known as KCO, announced its official rebrand as Kustom. The rebrand comes 12 years after the launch of Klarna Checkout, which at the time set a new standard for e-commerce in Northern Europe. The rebrand also arrives months after Klarna sold KCO to a consortium of investors led by BLQ Read more... The post 3 Takeaways from Klarna Checkout’s Rebrand as Kustom appeared first on Finovate ..read more

Payments services company Worldline and payment provider Online Payment Platform (OPP) have partnered this week to launch an embedded payments solution in Europe. The new solution combines OPP’s payment technology with Worldline’s capabilities in acquiring, acceptance, and point of sale. Using the new embedded payments tool, platforms and marketplaces in Europe can add features such Read more... The post Worldline Launches Embedded Payments Solution appeared first on Finovate ..read more

AutoRek, an automated financial controls platform based in Scotland, has joined the Swift Partner Program. The move will enhance the consolidation and reconciliation of financial data and provide greater integration between companies’ operations and their third-party data sources. Leveraging its predefined catalog of API connections, AutoRek will consume messages directly from the Swift network, making Read more... The post AutoRek Joins Swift Partner Program appeared first on Finovate ..read more

Leave it to customer interaction technology innovator Glia to take the idea of “Knowing Your Customer” to another level. This week, Glia unveiled its Unified Interactions Index Online Calculator. Based on the company’s Unified Interactions Index, the new tool enables financial services companies to benchmark themselves against more than 500 peer companies in terms of Read more... The post Glia Unveils Unified Interactions Index Online Calculator appeared first on Finovate ..read more

Pay-by-bank is back in the news cycle today– this time in the United States. Fintech infrastructure player Plaid unveiled a pay-by-bank tool for billpay. The new tool, which is powered by Plaid’s network, provides businesses with a lower cost, more secure option for consumers to pay bills directly from their bank account with less friction. Read more... The post Plaid Introduces Pay-by-Bank for Billpay appeared first on Finovate ..read more

Back before regtech was cool, a Brooklyn, New York-based company called Alloy was introducing Finovate audiences and others to its technology that enables banks and other financial institutions to build fully-customizable APIs for customer identification and compliance. Even more, the company demonstrated how its graphical rules engine implements compliance rules in a way that actually Read more... The post Alloy Helps Commercial Lenders, Embedded Finance Providers Fight Fraud appeared first on Finovate ..read more

We all know that the VC investment scene is nothing like it was in 2021 and early 2022. With Q3 of 2024 behind us, we now know that fintech is still experiencing a funding downturn. In fact, both deal numbers and funding totals are down from Q2 of this year, with 179 fewer deals and Read more... The post Which Aspect of VC Fintech Funding is Rising? appeared first on Finovate ..read more