Breaking News
Paynetics Acquires Novus Neobank to Amplify ESG Mission
Paynetics, the pioneering embedded finance provider, announced today its strategic acquisition of Novus, the UK’s first-ever “impact neobank.” This landmark deal underscores Paynetics’ commitment to advancing environmental, social, and governance goals while revolutionising the financial landscape with its powerful embedded finance suite.
Through its innovative approach, Novus has upgraded traditional banking by empowering conscious consumers to make a difference while seamlessly integrating financial services with event-driven positive impact initiatives. The unique corporate model allows users to effortlessly contribute to causes they feel emotionally connected to – with every transaction, a portion of revenue is automatically directed to an NGO selected by the customer. Through the Novus app, users can further track the carbon footprint their purchases generate and easily offset them via certified Carbon Removal Projects.
Paynetics will enhance further such offerings while expanding the ESG ecosystem across Europe empowering their clients to push forward ESG initiatives through the corporate embedded finance service for a new and better tomorrow.
Ivo Gueorguiev, co-founder of Paynetics, remarked, “We believe in the power of people to transform the world. Paynetics’ acquisition of Novus aligns perfectly with our mission to accelerate businesses through innovation and speed. Together, we’ll create a future where a single platform empowers clients to grow while making a positive impact.”
Hristian Nedyalkov, CEO & co-founder of Novus, added, “Novus’ mission was to create impact through the lens of finance. Our vision was to empower all consumers and corporates to do well while doing good. With Paynetics’ expertise, we’ll amplify our mission and reach new heights.”
- Next Insurance Acquired for $2.6 Billion in Cash Read more
- Crypto Meets Forex: Finrax and FXBO Revolutionize Payment Solutions for Brokers Read more
- Fiserv Announces the Appointment of Stephanie Cohen to Board of Directors Read more
- DTCC Joins ERC3643 Association Read more
- Tastytrade Expands Crypto Trading With New Digital Assets, Powered by Zero Hash Read more
Capital Credit Union Modernizes Operations and Positions for Growth With Jack Henry
Jack Henry™ (Nasdaq: JKHY) is pleased to announce that Capital Credit Union converted to Jack Henry’s Symitar® platform and complementary products to support its future growth.
Happy Money Named Best Consumer Lending Company by FinTech Breakthrough
Happy Money, a leading consumer finance company, has been named Best Consumer Lending Company in the 9th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global fintech market today.
MNT-Halan Receives FRA Approval to Implement E-KYC and Digital Contracts in Egypt
MNT-Halan, the region’s leading fintech company, has received approval from the Financial Regulatory Authority (FRA) to implement in Egypt E-KYC
Sift Unveils Global Identity Insights and Other Innovations to Deliver Rapid and Accurate Risk Decisioning
Sift have announced significant new product innovations following the recently unveiled Identity Trust XD framework.
Pleo Partners With Taktile’s AI-Driven Solution to Enhance Fraud Detection and AML Capabilities
Pleo has announced a strategic partnership with Taktile to strengthen its AML and fraud detection capabilities
Muinmos Announces Strategic Partnership With Africa Due Diligence
RegTech firm, Muinmos has formed a strategic partnership with Africa Due Diligence (ADD™) to enhance trust and compliance in the African financial sector and create growth opportunities in the region. As part of the collaboration, Muinmos has acquired an equity stake in Africa Due Diligence and is empowering it with its onboarding technology and KYC solution.
Indosat Ooredoo Hutchison and Bank Saqu Forge an Innovative Alliance to drive Digital Financial Inclusion
Indosat Ooredoo Hutchison (Indosat or IOH), the most preferred digital telco of Indonesia and Bank Saqu, a digital banking service from PT Bank Jasa Jakarta owned by Astra Financial and WeLab, have officially announced an Innovative alliance to advance digital financial inclusion. Leveraging IOH’s customer base across Indonesia, alongside Bank Saqu’s customer base, of which 40% are solopreneur customers, who are looking for digital savvy solutions to meet their unique needs, the alliance can jointly address a significant market opportunity through abundant synergies.
Next Insurance Acquired for $2.6 Billion in Cash
Munich Re and NEXT Insurance have signed a definitive agreement regarding the full acquisition of NEXT Insurance
Crypto Meets Forex: Finrax and FXBO Revolutionize Payment Solutions for Brokers
Finrax, the leading crypto payment gateway bridging crypto and fiat, offering fast and reliable payment processing, has announced a partnership with FXBO.
Fiserv Announces the Appointment of Stephanie Cohen to Board of Directors
Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions, today announced the appointment of Stephanie Cohen to its Board of Directors.
DTCC Joins ERC3643 Association
As a member, DTCC will contribute to the Association’s goals by promoting and advancing the ERC3643 token standard.
Tastytrade Expands Crypto Trading With New Digital Assets, Powered by Zero Hash
Zero Hash, the leading crypto and stablecoin infrastructure provider, today announced that tastytrade, a leading brokerage with an award winning platform for traders, has expanded their relationship with Zero Hash, enabling trading of five additional digital assets. Having launched crypto trading capability in 2020, through Zero Hash, this expansion meets increased customer demand for more crypto trading options.
USDG Expands Global Footprint and is Now Available for Trading across More Than Ten Digital Access Exchanges Globally
Today, Global Dollar Network, an open network designed to accelerate and reward global stablecoin adoption, announced that Global Dollar (USDG) is now available for trading across more than ten digital asset exchanges. These strategic listings expand the accessibility and liquidity of USDG, offering users enhanced trading opportunities. Now, millions of users globally can get safe, trusted US dollars in the form of USDG via their preferred trading platforms. Since January 1, USDG has grown more than 300%*, making it one of the fastest growing stablecoins.
Capital Credit Union Modernizes Operations and Positions for Growth With Jack Henry
Jack Henry™ (Nasdaq: JKHY) is pleased to announce that Capital Credit Union converted to Jack Henry’s Symitar® platform and complementary products to support its future growth.