October 11, 2023 @ 8:23 am By Omar Faridi  |  

One million VRP transactions have been made by UK consumers in just a month and have been powered by TrueLayer. Moving money, simplifying savings, automating credit repayments — whatever it is, variable recurring payments are growing, according to an update from TrueLayer. The company also… Read More

 Tagged digital transactions, europe, fintech adoption, fintech trends, francesco simoneschi, milestone, open banking, truelayer, uk, united kingdom, vrp

October 11, 2023 @ 8:21 am By Omar Faridi  |  

UnaFinancial, a Singapore-headquartered Fintech group (previously known as Robocash), has teamed up with Velexa, a UK-based wealthtech firm, in order to introduce a digital investing platform in the UAE. UnaFinancial and Velexa revealed that the collaboration aims to leverage Velexa’s expertise in investment tech and… Read More

 Tagged europe, investing, investments, london, mena, mena region, middle east, natalia ishchenko, online investing, robo.cash, robocash, singapore, southeast asia, Tamara Kostova, uae, uk, united arab emirates, united kingdom, velexa

October 11, 2023 @ 8:16 am By Omar Faridi  |  

Scottish digital bank Alba Bank announced that it will migrate to Mambu’s cloud banking platform to manage its small and medium-sized enterprise (SME) lending services, as well as its retail and business deposits. Alba bank has been approved for a UK banking licence. Alba Bank… Read More

 Tagged alba bank, banking, cloud, cloud banking, digital banking, digital lending, europe, financial services, lending, neobank, scotland, smbs, sme's, virtual bank

October 11, 2023 @ 1:00 am By JD Alois  |  

Untangled Finance has raised $13.5 million in “strategic funding” as it seeks to tokenize “real world private credit assets.” This includes SME loans, invoices, and more. The funding was provided by Fasanara Capital, a UK-based investment firm and technology platform that manages around $4 billion…. Read More

 Tagged defi, fasanara capital, francesco filia, online lending, tokenization, uk, united kingdom

October 10, 2023 @ 9:49 pm By Michael Wong  |  

Indonesia- and Southeast Asia-focused venture capital investor East Ventures has partnered with Seoul-based SV Investment to launch the “East Ventures South Korea fund in partnership with SV Investment” with a target corpus of $100 million. The initiative’s primary goal is to bridge the investment avenues… Read More

 Tagged east ventures, funding, indonesia, investment, south korea, southeast asia, startup

October 10, 2023 @ 9:47 pm By Omar Faridi  |  

Koan Advisory Group, a New Delhi-based public policy consulting firm released a report titled “Transit Payments in India – A Case for Choice and Interoperability.” The study highlights that India’s public transit systems should “allow integrated fare payments across different modes of transit, to provide… Read More

 Tagged consulting firm, digital payments, fintech adoption, fintech trends, india, new delhi, payments, research, Research Report, Research Study, transit payments

October 10, 2023 @ 9:26 pm By Omar Faridi  |  

Lloyds Bank has developed a new solution where clients can request digital Direct Guarantees or Standby Letters of Credit, helping them to trade more efficiently, safely, and securely. The bank’s Paperless Guarantee initiative, “created to support businesses who have a high volume of transactions requiring… Read More

 Tagged europe, gwynne master, lloyds, lloyds bank, trading, uk, united kingdom

October 10, 2023 @ 8:39 pm By Omar Faridi  |  

Instant Financial, a supporter of earned wage access (EWA), electronic tips and paycard solutions, announced the first phase of upgrades to its comprehensive employee payments platform. This initial release of updates includes “the launch of a new mobile app and the introduction of mobile wallet… Read More

 Tagged digital transactions, earned wage access, ewa, financial services, instant, instant financial, payments, tal clark

October 10, 2023 @ 5:44 pm By Omar Faridi  |  

Point Predictive, the firm focused on AI-powered fraud solutions for the auto lending industry, has joined forces with Metro Jobber’s, Inc., a wholesale automotive distributor, to tackle the growing issue of auto loan fraud in the Detroit Metropolitan area. This strategic partnership is set “to… Read More

 Tagged ai, artificial intelligence, auto lending, car loans, detroit, fraud, fraud solutions, fraudulent activities, lending, loans, united states, us

October 10, 2023 @ 9:36 am By Omar Faridi  |  

Tarabut, MENA’s leading open banking platform, has announced a new partnership with FLOOSS, a Bahrain-based digital lending platform. FLOOSS is reportedly the “first” and fastest digital loan app in Bahrain “offering consumer loans of up to BHD 750 with a repayment period of up to… Read More

 Tagged abdulla almoayed, bahrain, digital lending, mena, mena region, middle east, open banking, tarabut