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Flex accelerates consumer expansion through Maza acquisition

/startups

Flex accelerates consumer expansion through Maza acquisition

Flex, a fintech that helps business owners automate their back offices, has acquired Maza a fintech app aimed at Spanish-speakers in a $40 million deal.

Mongolian fintech LendMN raises $20 million to drive financial inclusion

/inclusion

Mongolian fintech LendMN raises $20 million to drive financial inclusion

Mongolian fintech LendMN has raised USD $20 million towards financial inclusion for MSMEs in Mongolia.

SFLive hackathon winners AfriGIS to launch Resolve Water climate risk solution

/sustainable

SFLive hackathon winners AfriGIS to launch Resolve Water climate risk solution

AfriGIS, winners of the 2024 Sustainable Finance Live hackathon have developed Resolve Water: a climate and water intelligence for businesses.

Revolut links risky behaviour to staff bonuses

/regulation

Revolut links risky behaviour to staff bonuses

Revolut has expanded an internal 'Karma' system that tracks how employees follow risk and compliance processes, linking their behaviour to their bonuses.

Nasdaq and AWS unveil capital markets infrastructure blueprint

/cloud

Nasdaq and AWS unveil capital markets infrastructure blueprint

Nasdaq and AWS have joined forces to bring the benefits of cloud to market operators around the world.

EU central banks explore synchronised settlement in FX

/payments

EU central banks explore synchronised settlement in FX

The Bank for International Settlements and its central bank partners have successfully demonstrated how wholesale payment infrastructures, such as RTGS systems, can interoperate with each other for FX transactions via new technologies, such as distributed ledgers.

PayPal offers 3.7% yield on stablecoin balances

/crypto

PayPal offers 3.7% yield on stablecoin balances

PayPal is bidding to encourage uptake of its stablecoin by offering US users an annual rewards rate of 3.7% on their holdings.

Zopa to launch current accounts following second profitable year

/retail

Zopa to launch current accounts following second profitable year

UK online-only bank Zopa has doubled its pre-tax profits in its second year of profitability.

Standard Chartered becomes first bank to join the Temenos partner programme

/payments

Standard Chartered becomes first bank to join the Temenos partner programme

Standard Chartered has embedded its FX API service on the Temenos Exchange ecosystem, becoming the first bank to join the core banking vendor's partner programme.

Klarna seals BNPL deal with eBay in the US

/payments

Klarna seals BNPL deal with eBay in the US

Klarna has sealed a deal with eBay to roll out its flexible payment options to millions of shoppers across the US.

Revolut juggernaut steams ahead; reports $1.4 billion in profits for FY24

/retail

Revolut juggernaut steams ahead; reports $1.4 billion in profits for FY24

Revolut has reported bumper growth for the full year 2024, driving pre-tax profits to $1.4 billion and net profit at $1 billion.

Interledger Foundation backs projects to bolster money movement around the world

/inclusion

Interledger Foundation backs projects to bolster money movement around the world

The Interledger Foundation has broken ground on a host of new projects in countries such as Pakistan, Uganda and Jamaica as it works towards its goal of creating an open, interoperable payment network.

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