Brex, the AI-powered spend platform, announced that Sibongile Ngako has joined the company as its Chief Compliance Officer. Sibongile brings over 20 years of experience as a compliance and risk management executive and joins most recently from Affirm, a leading payments company, where she served as Vice President of Compliance. Sibongile’s appointment will further Brex’s ongoing commitment to ensuring it continues to meet the highest regulatory standards for its business. In her role, Sibongile will be...

Same Day ACH reached new heights of payment volume and value as the modern ACH Network posted significant volume and value increases in the second quarter of 2024, Nacha reported. There were 8.3 billion ACH payments in the second quarter, an increase of 6.3% over the same time period in 2023. The dollar value of these ACH payments totaled $21.6 trillion, a 7% increase. Same Day ACH exceeded 100 million payments in a month for...

Flutterwave, Africa’s leading payments technology company, is excited to be included in the top 250 fintech companies in the world by CNBC and Statista for the first time. The list, which also features global companies like Ali Pay, Klarna, Flywire, Robinhood and Mastercard highlights stand out companies for their achievements during the year. The list also honors and recognizes companies that have contributed significantly to the transformation and innovation of the financial services industry through technology. The selection...

FinTech Automation (FTA), announced it is now supporting live transactions on the Federal Reserve’s instant payment rail, the FedNow Service. FinTech Automation joins a lineup of service providers facilitating transaction activity for financial institutions on the service. Through the FedNow Service, FinTech Automation is positioned to offer financial institution customers access to instant payments, helping them remain competitive and offer best-in-class service for their customers. “As a service provider of the FedNow Service, FinTech Automation plays a critical role...

Datapro, a leading provider of core banking systems and digital solutions, recently collaborated with Mastercard to expand the integration of Mastercard Cross-Border Services, a solution within the Mastercard Move portfolio of money transfer solutions. The collaboration will provide Datapro’s customers throughout Latin America and the Caribbean with access to fast, transparent, and convenient cross-border payment experiences. Increasingly, consumers are looking for ways to send money across the globe quickly and securely. In fact, delivery speed, security, receipt...