Moss, a frontrunner in B2B spend management solutions, has partnered with Airwallex, a global leader in payments and financial technology, to embed advanced global bank transfer capabilities and expand its operational scope. This strategic collaboration aligns with Moss’s vision of driving international growth and providing businesses with streamlined payment solutions. To enhance its Bill Pay product, Moss sought broader payment coverage and support for multiple currencies. Through Airwallex’s robust financial infrastructure, Moss introduced ‘Pay with Moss’, a feature that allows businesses to initiate global bank transfers directly from Moss’s platform. This addition simplifies procure-to-pay and employee reimbursement workflows, delivering an…
Author: Editorial Team
Solutions by Text (SBT), the premier platform for compliant messaging and payment solutions in consumer finance, has appointed industry experts Rahul Gupta and Flint Lane to its board of directors. These seasoned leaders, formerly of Fiserv and Billtrust, bring extensive knowledge and strategic expertise in the payments industry. “As SBT continues its rapid growth, the addition of Rahul and Flint’s exceptional industry acumen is pivotal for our next phase,” said David Baxter, CEO of Solutions by Text. “Their deep payments expertise will greatly benefit our mission to transform how businesses engage with their customers on billing matters.” Rahul Gupta’s Proven…
Payhawk, a leading global spend management platform, has partnered with J.P. Morgan Payments, a global leader in payment solutions, to enhance its payment services for enterprise customers in the UK. This strategic collaboration reinforces Payhawk’s position as an innovative financial institution and showcases both companies’ commitment to advancing payment technology. As a licensed Electronic Money Institution (EMI) in the UK, Payhawk gains greater control over its payment infrastructure and improved access to payment networks. This partnership will enable Payhawk to enhance its payment offerings, providing superior service and flexibility to its customers. Through J.P. Morgan Payments’ API, Payhawk will gain…
Girlguiding, in collaboration with HSBC UK, has introduced a new ‘Money Skills – I’m Money Confident’ badge and activities aimed at teaching financial literacy to over 300,000 girls aged 4-18 across the UK. This initiative includes practical resources tailored for each age group, empowering girls to confidently manage their finances. The programme will also provide training for Girlguiding’s 80,000 volunteers, equipping them with transferable money management skills beneficial for running Girlguiding units and personal use. Research Highlights Girls’ Lower Financial Confidence HSBC UK’s recent study found that 36% of girls aged 5-17 feel unskilled in money management compared to 33%…
The European Central Bank (ECB) is deliberating whether to release an internal study showing that major EU banks would face a significant increase in capital requirements—potentially by a double-digit percentage—if subjected to US regulatory standards. Several senior ECB officials are advocating for the publication of this report, or at least portions of its findings, to counter the intense lobbying efforts from the banking sector aimed at softening the implementation of the Basel III international capital standards. The pressure from EU financial institutions is expected to mount, especially as the US may abandon or dilute plans to enforce Basel III regulations…
SG-Forge, the digital assets division of French banking giant Societe Generale, has announced the deployment of its euro-pegged stablecoin, EUR CoinVertible (EURCV), on the XRP Ledger (XRPL). The move is part of the bank’s strategic push to adopt a multi-chain approach, designed to leverage the strengths of various blockchain networks. Societe Generale-Forge Brings Euro Stablecoin to XRP Ledger First launched on Ethereum in 2023, EURCV entered the market as a highly regulated stablecoin to compete with dollar-linked giants like Tether and Circle. However, with limited traction on Ethereum—currently issuing just €38 million worth of EURCV—Societe Generale is now exploring alternative…
1fs Wealth, a global leader in wealth intelligence solutions, has formed a strategic partnership with Apex Group, a top financial services provider. This collaboration will enable Apex Group clients to leverage cutting-edge digital tools for enhanced wealth management. 1fs Wealth, headquartered in London, offers an AI-powered platform that allows wealth owners to streamline asset consolidation, mitigate risk, oversee asset ownership, and access detailed portfolio insights through data-driven strategies. The company serves a growing international clientele, including wealth owners and family offices, who value its comprehensive support in succession planning. Apex Group, with a workforce exceeding 13,000, caters to diverse clients…
Wave Money, a top mobile financial services provider in Myanmar, has chosen Amdocs (NASDAQ: DOX), a leader in software and services for communications and media, to upgrade its core operations with the Amdocs Digital Financial Services platform. With Amdocs’ comprehensive solution, Wave Money aims to achieve greater agility to adapt swiftly to evolving market demands while ensuring scalability, business continuity, and cost optimization. This partnership is set to boost Wave Money’s capabilities, expanding the suite of financial tools available to both urban and rural communities. This expansion is key to promoting financial inclusion across Myanmar. “Wave Money is a cornerstone…
Revolut, the UK-based fintech company, has introduced an innovative debit card vending machine at the National University of Singapore (NUS). This new machine provides Visa-branded Revolut debit cards, aiming to expand financial service accessibility and promote financial literacy among students. Cardholders will benefit from Visa’s extensive global merchant network, ensuring seamless transactions worldwide. Targeting Young Adults This initiative focuses on young adults under 21—a demographic often overlooked by traditional financial institutions. With Revolut, students gain powerful tools for everyday money management, including the ability to send and receive funds, track spending, and explore investment opportunities through a user-friendly platform. Key…
Grasshopper, a digital bank built for the business and innovation sectors, has announced a strategic partnership with EnFi, an AI-powered platform specialising in credit risk management and decisioning. This collaboration underscores Grasshopper’s dedication to leveraging technology to enhance its team’s capabilities, optimise client services, and elevate its digital banking experience. “Empowering talent through technology is central to Grasshopper’s mission, and our partnership with EnFi exemplifies this commitment,” said Mike Butler, CEO of Grasshopper. “With EnFi’s AI-driven solutions, we aim to streamline credit analysis and risk monitoring, allowing our team to focus on providing forward-thinking banking solutions for our clients.” The…
