October 18, 2023 @ 2:17 pm By JD Alois  |  

Varo Bank, the first neobank to become a federally chartered digital bank, has announced a new peer-to-peer transfers and payments service Varo to Anyone. The service is similar to Zelle, which remains available on the bank’s platform. Varo to Anyone is available free of any… Read More

 Tagged digital bank, varo, varo bank

October 18, 2023 @ 1:55 pm By Omar Faridi  |  

Marqeta (NASDAQ: MQ), the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, today announced a new partnership with Scalapay, Southern Europe’s BNPL provider, “to leverage Marqeta’s platform to issue cards both online and in-store.” Marqeta and Scalapay have… Read More

 Tagged bnpl, buy now pay later, card issuing, card issuing platform, digital technology, digital transactions, digitalization, embedded finance, europe, financial services, flexible payments, marqeta, Online Services, Payment Cards, scalapay, simone mancini, united states, us

October 18, 2023 @ 1:05 pm By JD Alois  |  

Uplinq Financial Technologies is partnering with EY Canada to provide “fair and ethical credit” to SMEs via its credit decisioning platform. Mario Schlener, Partner and EY’s Lead Risk Consulting for Canada and Global FS Risk Technology, Alliance, Innovation, said the partnership with provide small business… Read More

 Tagged credit, ey, risk, uplinq

October 18, 2023 @ 9:49 am By Omar Faridi  |  

ThinCats are pleased to announce the appointment of Dan Hartley as Chief Financial Officer. ThinCats notes in a blog post that Dan has over “a decade of experience in senior financial roles and joins from the Lowell Group, one of the largest credit management companies… Read More

 Tagged amany attia, europe, financial services, new appointments, thincats, uk, united kingdom

October 18, 2023 @ 9:00 am By JD Alois  |  

Marqeta (NASDAQ: MQ) and Motive have announced a new partnership. Motive provides a service that aims to support operational efficiencies in fleet management and also seeks to reduce fraud while providing discounts at partner locations. The company reports having issued approximately 35,000 cards since launching… Read More

 Tagged marqeta, motive, trucking

October 18, 2023 @ 8:42 am By JD Alois  |  

Globacap has announced raising $21 million in Series B funding backed by Cboe. Other investors include Moore Strategic Ventures, LLC, the Johannesburg Stock Exchange (JSE), as well as GABI Ventures and QBN Capital.  Globacap is another entrant in the private securities market, seeking to consolidate… Read More

 Tagged globacap, myles milston, uk, united kingdom

October 18, 2023 @ 7:20 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has reportedly agreed with Fintech Modulr to place customer onboarding restrictions until the service provider adheres to applicable regulatory guidelines. At the start of this month, the FCA had placed a restriction for the firm, which prevents it from… Read More

 Tagged compliance, digital financial services, europe, financial conduct authority, financial services, infrastructure, modulr, payments, uk, uk fca, united kingdom

October 17, 2023 @ 11:17 pm By Omar Faridi  |  

iwoca, which claims to be one of Europe’s largest SME lenders, announces a new funding line with initial commitments of £200 million from Barclays and Värde Partners. In January this year, iwoca secured “an increase and extension to its existing funding line, with long-standing partner… Read More

 Tagged barclays, christoph rieche, europe, financial services, funding line, iwoca, lenders, lending, small businesses, smbs, sme's, varde partners

October 17, 2023 @ 9:45 pm By Omar Faridi  |  

At Payhawk, their primary focus is their clients. Customer-centricity has been the most critical part of their culture from day one, and they claim to make it a priority to listen to customer feedback and iterate and improve their solution based on their needs. The… Read More

 Tagged europe, financial services, fintech trends, payhawk, progres report

October 17, 2023 @ 9:30 pm By Omar Faridi  |  

Bank of America Institute (NYSE: BAC), the internal think tank that uses Bank of America’s proprietary data from their 68 million consumer accounts to glean insights into the US economy, has released a report. The update looks into how consumers are faring given the current conditions…. Read More

 Tagged bank of america, boa, Digital Economy, gig economy, gig work, insights, research, Research Study, united states, us