May 21, 2024 @ 10:06 am By JD Alois  |  

Deutsche Bank is providing Capchase with a €105 million credit facility. Capchase is a “revenue acceleration firm” for Software-as-a-Service (SaaS) companies. According to Capchase, the financing contributes to the more than $1 billion in combined debt and equity financing it has received since its founding… Read More

 Tagged capchase, deutsche bank

May 21, 2024 @ 9:46 am By JD Alois  |  

Fintech SumUp says it has launched direct debits for UK merchants. According to a company statement the service is now available for merchants that have a Business Account with SumUp. The SumIUp Business Account is managed via smartphone and enables merchants to spend, save, and… Read More

 Tagged payments, sumup, uk, united kingdom

May 21, 2024 @ 9:02 am By Omar Faridi  |  

Iberpay and Santander are the inaugural participants in the One-Leg Out (OLO) Instant Credit Transfer (OCT Inst) scheme. Iberpay will act as a Clearing and Settlement Mechanism (CSM) “for OCT Inst transactions via Santander, and will also “be a scheme participant in the role of… Read More

 Tagged digital transactions, fintech adoption, iberpay, santander

May 21, 2024 @ 9:01 am By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) has launched the digital yuan, also known as e-CNY,marking a significant step in the integration of digital currencies in the region’s financial system. According to reports from Sing Tao Daily, the launch event was hosted by Howard Lee Tat-chi,… Read More

 Tagged cbdc, china, digital yuan, hong kong, hong kong monetary authority, payments

May 21, 2024 @ 8:53 am By Omar Faridi  |  

KPMG has commented on the important step on the road to ISSB adoption in the United Kingdom. KPMG recently shared key insights on the announcement that the UK Government has established the UK Sustainability Disclosure Technical Advisory Committee. Providing their perspective on the announcement that… Read More

 Tagged kpmg, sustainability, uk, united kingdom

May 21, 2024 @ 8:44 am By Tony Zerucha  |  

A replacement of Factris’ FAB (Finance Automation for Business) platform has been released simultaneously across all five of Factris’ markets. These are Belgium, the Netherlands, Poland, Latvia, and Lithuania. Improvements include offering more types of financing, faster approval, direct control of accounts, and easier access to funds thanks to the platform’s… Read More

 Tagged ai, Brian Reaves, Factris, finance automation, OCR

May 21, 2024 @ 8:42 am By Omar Faridi  |  

The number of growing UK sectors remained resilient in April, despite cost pressures spreading across the economy, according to the latest Lloyds Bank UK Sector Tracker. In April, eight of the 14 UK sectors monitored “by the Tracker saw output growth – one fewer than… Read More

 Tagged economic activity, lloyds bank, uk, united kingdom

May 21, 2024 @ 8:40 am By Michael Wong  |  

Osome, a Singapore-based financial administration platform catering to founders and small and medium-sized businesses (SMBs), has raised over $17 million in its Series B funding round which was a combination of equity and debt financing. The round saw participation from both new and existing investors…. Read More

 Tagged osome, singapore

May 21, 2024 @ 8:38 am By Omar Faridi  |  

Bank of Ireland is warning consumers about a new wave of purchase scams which is luring consumers to make payments for goods and services through an advertisement online, which then transpires to be fake. In the last year, there has been “a 32% increase in… Read More

 Tagged bank of ireland, europe, fraud, scams

May 21, 2024 @ 8:37 am By Omar Faridi  |  

The Digital Identity Regulation has reportedly entered into force. This means that the solution will become available by 2026. A digital ID and personal digital wallet for EU citizens, residents and businesses should help with enabling more frictionless experiences in an online environment. As noted… Read More

 Tagged digital identity, EU, europe, european union, regulations