PYMNTS-MonitorEdge-May-2024

Expansion

The action of becoming larger or more extensive. Expansion is the phase of the business cycle where real GDP grows for two or more consecutive quarters, moving from a trough to a peak.

Source: investopedia.com

Technisys Adds New Tools to Help Banks Speed Digital Transformation
Technisys Adds New Tools to Help Banks Speed Digital Transformation
August 10, 2022  |  Digital Banking

Saying financial institutions (FIs) need to future-proof their businesses, digital and core banking platform Technisys has announced the latest release of its solution that helps...

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Grocery Startup Missfresh To Close On $500M In Expansion Financing
Grocery Startup Missfresh To Close On $500M In Expansion Financing
May 22, 2020  |  Investments

Beijing’s Missfresh Ecommerce Co., a Chinese grocery delivery startup, is expected to receive more than $500 million in expansion financing as COVID-19 has fueled demand...

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SoFi Buys Hong Kong ‘Automated Investing’ Platform
SoFi Buys Hong Kong ‘Automated Investing’ Platform
April 21, 2020  |  International

The FinTech company SoFi is making its first leap to go global with a big move into Hong Kong. The opening of a Hong Kong...

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i2c Names GM In Middle East, Africa Expansion
i2c Names GM In Middle East, Africa Expansion
March 03, 2020  |  Banking

Payment and open banking tech firm i2c plans to expand its presence in the Middle East and Africa, according to a press release. The plans...

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Office Depot Turns To B2B eCommerce To Boost Revenues
Office Depot Turns To B2B eCommerce To Boost Revenues
February 27, 2020  |  B2B Payments

In an effort to boost revenue after disappointing Q4 earnings, Office Depot is turning its attention to business-to-business (B2B) eCommerce, according to reports. The company reported...

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EU Bank License To Boost Banking Circle Expansion
EU Bank License To Boost Banking Circle Expansion
February 27, 2020  |  Banking

Banking Circle is now licensed to do banking in Luxembourg after the Commission de Surveillance du Secteur Financier (CSSF) granted the license. The company has been making...

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JPMC CEO: Bank Plans FinTech, Other ‘Very Creative’ Acquisitions
JPMC CEO: Bank Plans FinTech, Other ‘Very Creative’ Acquisitions
February 26, 2020  |  Banking

Billions of dollars in earnings.  Billions of dollars in the bank. Time to go shopping? As reported by CNBC, Jamie Dimon, CEO of JPMorgan, said...

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Vroozi Expands Procure-To-Pay Offering Into UK
Vroozi Expands Procure-To-Pay Offering Into UK
February 26, 2020  |  B2B Payments

Cloud-based purchasing platform Vroozi will expand in the U.K. and Ireland, and work with Stratas to automate purchasing in the area, according to a press...

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Monzo Hopes For Profit, New Digital Accounts And Hires
Monzo Hopes For Profit, New Digital Accounts And Hires
February 17, 2020  |  Digital Banking

British digital bank Monzo, expanding fast, wants to hire up to 500 people and (hopefully) reach 5.5 million users this year. The bank is also...

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