September 25, 2024 @ 12:34 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) intends to launch a market study into how pure protection insurance products are sold following concerns that competition is not working well in the market. The study will be launched later in 2024/25. Pure protection products are designed “to… Read More

 Tagged fca, financial conduct authority, uk, united kingdom

September 25, 2024 @ 7:44 am By Tony Zerucha  |  

Viva.com, a European payments Fintech, has expanded its strategic partnership with Alipay+, a suite of cross-border mobile payments and digitalization technology solutions, to enable European merchants to accept direct payments from 15 e-wallets. Alipay+ and Viva.com partnership allows global tourists, mostly from Asia, to pay in… Read More

 Tagged alipay, europe, Harry Xenophontos, payments, Pietro Candela, viva.com, wallets

September 25, 2024 @ 7:41 am By Michael Wong  |  

Functional Finance, a software platform transforming financial operations (FinOps) for managing general agents (MGAs), insurance companies, and wholesalers, announced the successful close of a $20 million Series A funding round. The round was led by Walkabout Ventures, with additional support from Munich Re Ventures and… Read More

 Tagged Functional Finance, Walkabout Ventures

September 25, 2024 @ 7:37 am By Omar Faridi  |  

Mambu, a cloud banking platform, and newly launched mortgage lender, Interbridge Mortgages, have announced a strategic partnership helping Interbridge Mortgages launch a second-charge product in just nine months and facilitating their entry to the UK mortgage market. Interbridge Mortgages’ launch in early 2024 is set… Read More

 Tagged banking, cloud, interbridge mortgages, mambu

September 25, 2024 @ 7:33 am By Tony Zerucha  |  

Workforce management platform Rippling, Visa, and card issuing platform Marqeta have launched a corporate card tailored specifically for Canadian businesses. Features include automatic card issuance, built-in spending controls, and comprehensive expense management. The card launches as a new study conducted by Maru Blue in July… Read More

 Tagged marqeta, Matt MacInnis, rippling, visa

September 25, 2024 @ 7:28 am By Michael Wong  |  

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

 Tagged financial crime, hummingbird, LogicLoop

September 25, 2024 @ 7:24 am By Omar Faridi  |  

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

 Tagged cbdc, digitalization, hkma, hong kong monetary authority, research

September 25, 2024 @ 7:18 am By Omar Faridi  |  

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

 Tagged gocardless, newton property management, open banking, uk, united kingdom

September 25, 2024 @ 7:14 am By Omar Faridi  |  

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

 Tagged ai, bnpl, klarna, payments

September 24, 2024 @ 6:14 pm By JD Alois  |  

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

 Tagged doj, lawsuit, us department of justice, visa