Nov. 14, 2024 One Equity Partners has sold Dragonfly Financial Technologies, a digital banking and cash management company, to FIS. Dragonfly serves four of the largest banks in the U.S. with cash management solutions, according to a press release. “Dragonfly’s innovative solutions and strong customer base have solidified its position as a leader in digital…
Nov. 1, 2024 | by Bradley Cooper — Editor, ATM Marketplace & Food Truck Operator Cash usage is top of mind for the ATM industry and the payment industry more broadly. Customer demands surrounding payment options are changing and along with it the needs of commercial organizations, but how are they changing specifically? Cathy Isom,…
Oct. 18, 2024 BTIG, a financial services firm, appointed Sumon Chaudhuri as a managing director of its energy, infrastructure and transportation investment banking group. With this appointment, the bank aims to expand its coverage for energy investment banking across oil, clean energy and energy transition, according to a press release. Prior to joining BTIG, Chaudhuri…
In recent years, central bank digital currencies (CBDCs) have emerged as a powerful force in the financial landscape. As countries explore the potential of CBDCs, they aim to transform payments fundamentally. Central bank digital currencies promise increased efficiency, security, and accessibility. By leveraging digital ledger technology (DLT), CBDCs can enhance payment systems while addressing some…
The efficacy of cross-border payments across borders has become an essential aspect of businesses. Unfortunately, these payments are also a notable pain point for operations as they expand into international markets. As such, Finance Magnates has partnered with Visa to launch a quick survey to glean the latest insights and feedback from all participating professionals….
Here are six banks that partially or fully reimburse ATM fees. Sept. 24, 2024 | by Bradley Cooper — Editor, ATM Marketplace & Food Truck Operator ATMs offer a convenient way to access cash and have continued to see growth, despite changing consumer preferences around payments. However, ATM fees have increased over time and many…
Pharmaceuticals firm Wockhardt firmly denied recent allegations concerning rent payments made by its associate company, Carol Info Services, and their link to orders issued by the Securities and Exchange Board of India (SEBI), via a filing after the market hours on Friday. “It has come to our attention that there are certain allegations pertaining to…
Here are a few key facts to known about Allpoint ATMs and other surcharge-free ATM networks. Retail ATMs traditionally charge fees for customers as a way to generate profits for operators. However, with the advent of surcharge free ATMs like the Allpoint ATM network, that is quickly changing. In general, if customers wanted fee-free access…
“There’s a real appetite in APAC to be innovative in this space,” said Shannon Scott, SVP and Global Head of Product at Airwallex, in an interview with Finance Magnates, adding that “when it comes to real-time payments, APAC leads the charge.” Scott has been a part of Airwallex for more than four years now. He…
EQ Bank, the digital banking arm of Equitable Bank, introduced its Notice Savings Account, with no minimum balance requirements and no fees. With this account, customers can choose between 10- and 30-day notice periods for withdrawing money to earn 4.50% and 5.00% APY respectively, according to a press release. All customers can receive the rates…