Hummingbird Acquires LogicLoop to Enhance Financial Crime Solutions

Hummingbird, a provider of financial crime risk management solutions, has acquired LogicLoop, a no-code data integration and automation platform, in a move aimed at transforming how financial institutions handle risk and compliance. The acquisition is part of Hummingbird’s broader strategy to become the core operating… Read More

Hong Kong Monetary Authority Initiates Phase 2 of e-HKD Pilot Program, Expands Project e-HKD to Explore Various Forms of Digital Money

The Hong Kong Monetary Authority (HKMA) commenced Phase 2 of the e-HKD pilot program and is expanding Project e-HKD to explore new forms of digital money. The HKMA in Hong Kong revealed on September 23 that it officially began Phase 2 of the e-HKD Pilot… Read More

UK Fintech GoCardless Selected for Open Banking Payments By Newton Property Management

Newton Property Management has expanded its existing relationship with bank payment company GoCardless by adding Instant Bank Pay, its open banking-powered payment feature, to the Direct Debit functionality it uses already. Through GoCardless’ unique combination of Direct Debit and open banking payments, Newton can now… Read More

BNPL Fintech Klarna and Xero Bring Buy Now Pay Later Services to Small Businesses

Klarna, the AI-powered global payments network and shopping assistant, is working with global small business platform Xero, to help small businesses accept payments from consumers wanting a ‘buy now, pay later’ option. For Xero’s customers, offering Klarna’s alternatives to traditional credit “means they can get… Read More

Visa Sued by DOJ, Accused of Operating a Monopoly in Debit Markets

The US Justice Department has filed a civil suit in federal court alleging that Visa (NYSE:V) is monopolizing debit network markets in violation of the Sherman Act. The DOJ claims that Visa is using its dominance to thwart competition and impede innovations. The DOJ complaint… Read More

Digital Bank bunq Launches Stock Trading

Digital bank bunq has launched stock trading. Based in the Netherlands, bunq holds a full banking license and regulated by the Dutch Central Bank. While announcing trading, bunq is now reporting over 14.5 million users. According to a company statement, bunq is currently providing a curated… Read More

Fintech Firm Melio Introduces Features for SMEs to Boost Control of Payments and Enhance Cash Flow Management

Melio, an accounts payable and receivable platform, today announced multiple new features for small and medium-sized businesses and accountants to automate processes, boost control of payments, and improve cash flow management. These features enable accountants, bookkeepers, and financial advisors “to improve clients’ cash flow with… Read More

Fintech Airwallex’s Cross-Border Payments Tech to Enhance McLaren Racing’s Financial Operations

Airwallex, a global payments and financial platform for modern businesses, today revealed how its global financial technology has improved McLaren Racing’s financial operations throughout the 2024 Formula 1 season. Prior to this partnership, McLaren’s international payments run “consisted of 30 payments made one at a… Read More

British Business Investments Provides £15 Million to Liberty Leasing

Liberty Leasing will receive £15 million from the British Business Investments. Liberty Leasing received a £15 million facility in 2021 so this brings the total committed to £30 million. Liberty Leasing is a specialist financing firm that caters to smaller businesses in the construction, engineering,… Read More

UK: Payments Association Calls for National Payments Plan

The Payments Association in the UK is calling for a national payments plan. The Payments Manifesto 2025 seeks to create conditions to support growth and innovation in payments. The Payments Association says it has urged UK authorities to “undertake a swift and well-defined review which… Read More

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