Bank of England Unveils Measures to Boost Competition, Resilience, Efficiency in UK Financial Sector

The Bank of England (BoE) and its Prudential Regulation Authority (PRA) have recently announced a series of initiatives aimed at fostering competition, enhancing financial stability, and modernizing the UK’s financial infrastructure. These measures reflect the BoE’s commitment to balancing economic growth with regulatory oversight. On… Read More

Onbe, Allied Solutions Modernize Automotive Refunds

Onbe, a corporate payouts platform, has partnered with B2B financial services provider Allied Solutions to help financial institutions, finance companies, dealerships and their clients modernize the automotive refund process. Allied Solutions’ Refund Plus offers support for issuing refunds following the cancellation of aftermarket products, including… Read More

Euronet to Acquire CoreCard in $248M Stock Deal to Expand Credit Card Issuing Platform

Payments processing and cross-border transaction provider Euronet Worldwide said it has agreed to acquire CoreCard Corporation in a stock-for-stock merger valued at approximately $248 million. The move is a part of Euronet’s efforts to strengthen its credit card issuing capabilities and expand its digital financial… Read More

Adyen Partners With Atlas to Streamline Payments for Singapore’s F&B Sector

Global Fintech firm Adyen has partnered with Singapore-based restaurant technology provider Atlas to improve payment processes and operational efficiency for food and beverage (F&B) businesses, according to an announcement. Through the partnership, Atlas integrates Adyen’s payments infrastructure into its AtlasPay solution. This offers simplified reporting,… Read More

Goldman Sachs Raises $6B+ Of Total Assets for Evergreen European Private Credit Strategy

Goldman Sachs Alternatives, part of Goldman Sachs (NYSE: GS), announced that its evergreen European private credit strategy (GSEC) has raised more than $6 billion of total assets, following the strategy’s launch in October 2023. GSEC sits within the firm’s $142 billion private credit platform which… Read More

Fintech Firm Square’s Data Reveals How Economic Volatility Is Impacting Restaurant Sector

The restaurant industry is navigating an environment marked by economic volatility, shifting consumer behavior, and technological advancements, according to Fintech firm Square’s latest report. Drawing from transaction data across Square’s network of food and beverage sellers, the report offers a snapshot of how restaurants are… Read More

Fintech Remitly to Improve Cash Pickups in Mexico with QR Codes

Remitly, a digital remittance provider, has reportedly introduced QR code-based cash pickups in Mexico. Announced recently, this feature, now available at Elektra and Banco Azteca locations across the country, marks a step forward in simplifying and securing the remittance process for millions of users. By… Read More

Higher Living Costs Are Leading Young Adults to Take Action to Improve Financial Health, Report Claims

Gen Z (ages 18-28) is finding adulthood “more expensive than expected.” Facing this, nearly three quarters of them are “taking action to improve their financial health,” according to Bank of America’s (NYSE: BAC) Better Money Habits financial education study (PDF), published today. Key findings from the… Read More

Mastercard and BMO Expand Global Money Transfer Services

Mastercard (NYSE: MA) and BMO announced an expansion of BMO’s Global Money Transfer service, powered by Mastercard Move’s global money movement capabilities. With the addition of destinations and currencies, BMO’s Canadian personal banking clients will be able to “reach family and friends in nearly 70 destinations… Read More

Fintech iwoca SME Index : Labour Government Had Negative Impact on SMEs

iwoca’s latest SME Expert Index reveals that the Labour Government has had a negative impact on small and medium-sized enterprises (SMEs) during its first year in power, according to SME finance professionals. Almost three-quarters (70%) of SME finance brokers say “that conditions for small businesses have… Read More

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