Omnibiz, a B2B eCommerce firm based in Nigeria, announced it has secured $15 million in a pre-Series A fundraising round and expects to continue growing in the area. According to a TechCabal story, Omnibiz claimed they planned to add more locations in Nigeria that have a rising retail trade but are not currently supported by…
TenureX, a startup in correspondent banking, has teamed up with TM Group, a firm that manages and integrates technology, to democratize correspondent banking in the Nordic region. According to a news release, TenureX will receive solutions and services from TM Group to support the growth of correspondent banking services and the compliance and productivity of…
The Federal Reserve has made it possible for stablecoin issuers and crypto banks to acquire access to master accounts, which would give them access to the world’s payments system. The Board of Governors of the Federal Reserve unanimously agreed to establish a three-tiered review process that would permit organizations with “novel charters” to apply for…
As the Chinese government pushes down on the nation’s Big Tech businesses, Tencent Holdings intends to sell most, if not the entire, of its share in the food delivery platform Meituan. That’s what the Wall Street Journal reported on Tuesday (Aug. 16), citing sources with knowledge of the situation. According to one of the individuals,…
Axo, a personal finance firm based in Norway, revealed on Tuesday, August 16, that it has purchased Defero, a Scandinavian digital platform for credit scoring and money management. The deal’s financial details weren’t made public. Defero offers free credit scoring and financial management that is customized to each customer’s credit profile and budgetary requirements, according…
There is still more work to be done even if digitizing B2B payments has been a long-term goal. The status quo persists intractably for a variety of reasons. The conflict between pain and gain lies at the heart of the issue. There are indisputable advantages to digitization, but there are also unquestionable drawbacks. The difficult…
3. Google Optimization Next on our list is Google Optimize, which provides tools led by the Google Marketing Platform to assist businesses in improving the performance of their websites. The A/B testing tool provided by Google Optimize goes above and beyond the capabilities of the usual A/B testing tool. Users can run more than two…
Marketers utilize A/B testing to enhance conversion rates, reduce ad expenditure, and make better design decisions for the website or entire digital experience. B2B marketers should use A/B testing. A/B testing is developing two copies of the same picture or material and distributing them proportionally to an audience. After both versions of the material have…
A new API solution has been unveiled by Verto, a B2B cross-border payments business, which the company claims will help companies automate beneficiary administration, global pay, and currency conversion. The London-based company said in a press release that “more firms outside of traditional financial institutions are beginning to provide financial services connected to their current…
Small businesses struggle to keep up with the financial and payment innovations of the digital era. A challenge for banks is the creation and implementation of solutions designed for SMB (small and medium-sized business) digital payment innovation. Through the creation of networks and other solutions, fintech is stepping in to narrow the gap in the…
