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M&A, Open Banking Drive Commercial Card Innovation

PYMNTS

Australian corporate card provider Archa announced a collaboration of payment and open banking technology firm i2c to debut a new corporate credit card program in the country designed to address key pain points for small and medium-sized businesses (SMBs). Payhawk Explores Open Banking’s Biz Card Opportunity.

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B2B FinTechs Diversify Funding Strategies With M&A, IPOs

PYMNTS

Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. raised $10 million from SEB Bank and Seed Capital for its commercial card technology. Venture Capital Funding. Cardlay, based in the U.K., Also in the U.K.,

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Moneycorp Goes After SMEs With Corporate FX Acquisition

PYMNTS

based foreign exchange company Moneycorp is entering the U.S. market and targeting SME clients through its acquisition of Commonwealth FX. I think in the United States the provision of cross-border banking, payments and FX services by the big mainstream banks doesn’t service that SME and mid-cap market in the U.S.

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Finastra Bolsters FX Trading For FIs With Olfa Soft Takeover

PYMNTS

Finastra , the FinTech conglomerate formed last year via the merger of Misys and D+H, is expanding through yet another M&A deal. In a press release sent to PYMNTS by Finastra, the company announced it reached a deal to acquire Olfa Soft SA , a foreign exchange (FX) eTrading platform for banks and financial institutions (FIs).

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Canada’s Path Toward B2B Payables Modernization

PYMNTS

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. Open Banking. While Canada has not yet enacted open banking regulatory requirements, much like the U.S.,

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