March 28, 2025 @ 5:46 pm By Michael Wong  |  

The International Finance Corporation (IFC), a member of the World Bank Group, has proposed an investment of up to $75 million in a senior tranche of asset-backed securities (ABS) to support digital lending operations by SeaMoney (Capital) Co Ltd in Thailand. The senior tranche will… Read More

 Tagged digital lending, SeaMoney, thailand

March 28, 2025 @ 2:03 pm By Omar Faridi  |  

Online cash advance company Cleo AI has agreed to pay $17 million to settle the Federal Trade Commission’s allegations that the company allegedly “deceived” consumers about “how much money they could get and how fast that money could be available.” The complaint, filed in federal… Read More

 Tagged cash advance, cleo ai, enforcement action, ftc, us

March 28, 2025 @ 1:17 pm By Omar Faridi  |  

Tuum, a “next generation” core banking provider, announces the renewal of its core banking software services agreement with Fiinu Plc, a UK-based fintech and creator of the Plugin Overdraft. This renewed collab reportedly supports Fiinu’s strategic white-label model, enabling open banking-driven “credit innovation at scale.”… Read More

 Tagged core banking, fiinu plc, tuum, uk

March 28, 2025 @ 1:02 pm By Omar Faridi  |  

Mendel, Latin America’s enterprise spend management platform, announced the closing of a $35 million Series B round led by Base10 Partners with participation from PayPal Ventures, and “support from existing investors Infinity Ventures, Industry Ventures, Hi.vc. Endeavor Catalyst is also investing.” Mendel is gaining traction… Read More

 Tagged latam, mendel, PayPal Ventures, spend management

March 28, 2025 @ 1:00 pm By Omar Faridi  |  

The Consumer Financial Protection Bureau (CFPB) is poised to abandon its interpretive rule that would have subjected buy now, pay later (BNPL) “pay-in-four” lenders to the same regulatory framework as traditional credit cards. This decision marks another significant rollback for the agency under its current… Read More

 Tagged bnpl, cfpb, interpretive rule, pay over time, us

March 28, 2025 @ 12:58 pm By Omar Faridi  |  

In an uncertain economic environment in which overall consumer financial health,1 total deposits, annual household income and total investments are declining, retail bank customer satisfaction is on the rise. This, according to an update from JDPower. According to the J.D. Power 2025 U.S. Retail Banking… Read More

 Tagged cx, digital banking, research, Retail Banking, us

March 28, 2025 @ 11:21 am By Omar Faridi  |  

Backbase, the engagement banking provider, announces Tirana Bank has chosen its Engagement Banking Platform to power an ambitious digital transformation that will aim to “reshape banking experiences for their new and existing customers.” The partnership represents Tirana Bank’s “largest-ever” technology investment, surpassing previous “core banking… Read More

 Tagged backbase, digital transformation, engagement banking, tirana bank

March 28, 2025 @ 8:46 am By Omar Faridi  |  

Marking the tenth year of the NatWest Accelerator, NatWest is announcing its plan to expand its support to UK businesses by offering 10,000 entrepreneurs the chance to join its Accelerator community in 2025, while setting out a long-term strategy to “support the UK’s growth goals… Read More

 Tagged natwest, smbs, startups, uk, united kingdom

March 28, 2025 @ 8:40 am By Omar Faridi  |  

UK Finance, a trade association for the UK banking and financial services sector, joined forces with Which?, a consumer advocacy group, to issue a compelling call to action in a letter addressed to the Chancellor of the Exchequer and the Home Secretary. This rare collaboration… Read More

 Tagged fraud, uk, uk finance, united kingdom, which?

March 27, 2025 @ 12:29 pm By JD Alois  |  

Lloyds Banking Group has partnered with Cambridge Spark to improve its AI capabilities across its senior management teams. Founded in 2016 by Dr. Raoul-Gabriel Urma, Cambridge Spark is a digital skills education provider. In a company statement, Lloyds said its “Leading with AI” program will… Read More

 Tagged Cambridge Spark, lloyds banking group, uk, united kingdom