Global

October 26, 2022 @ 11:32 pm By Omar Faridi  |  

YuLife, the tech-driven financial services brand on a mission to inspire life, announced that it is launching in the United States. Founded in London in 2016, YuLife claims it “achieved rapid traction in the UK insurance market through its flagship product, group life insurance.” The… Read More

October 26, 2022 @ 11:07 pm By Omar Faridi  |  

Refinitiv, an LSEG business, announced the launch of a secure, personalized, and seamless global digital onboarding solution to help firms enhance their approach to onboarding clients. The recent shift towards online commercial activity has led to an increase in digital and contactless payments, forcing companies… Read More

October 26, 2022 @ 10:34 pm By Omar Faridi  |  

Capco, a Wipro company and global technology and management consultancy, and Plaid, an industry leader powering the digital financial ecosystem, announced a new alliance. The alliance will “combine Plaid’s leading open finance solutions with Capco’s domain and data analytics expertise to help financial institutions unlock… Read More

October 26, 2022 @ 3:55 pm By Omar Faridi  |  

BNPL firm Zip Co (ASX: ZIP) announced the availability of Zip Card, issued by WebBank, the newest buy now, pay later product “offered through its portfolio.” As consumers look for BNPL options in brick-and-mortar retail, the Zip Card “extends the ‘Pay-in-4*’ functionality offline in a… Read More

October 26, 2022 @ 11:30 am By JD Alois  |  

Zenus Bank, a digital-only bank that is regulated in Puerto Rico, is on a mission to provide access to US banking accounts to individuals all over the world. To further this ambition, Zenus has partnered with Finxact, part of Fiserv, to leverage its core banking… Read More

October 26, 2022 @ 7:56 am By Omar Faridi  |  

Fintech firm Wise (LSE:WISE) is reportedly planning to introduce its Assets investing service across Europe after acquiring an operational license in Estonia. Presently available in the United Kingdom, Assets allows clients to hold cash in their multi-currency accounts in various asset classes, while also being… Read More

October 26, 2022 @ 7:51 am By Omar Faridi  |  

Klarna Kosma, Klarna‘s financial technology platform for banks, Fintechs, and innovative retailers, announced that its partnership with Krea, a digital loans platform for Small and Medium-sized businesses (SMEs) in Sweden “has helped Swedish SMEs receive on average 15% larger loan offers, at a 4% lower… Read More

October 25, 2022 @ 11:17 pm By Omar Faridi  |  

After delivering some innovative solutions for FedNow in the US and MEPS+ in Singapore, PaymentComponents delivers a P27 solution for the Nordics. Enhancing its Finaplo Financial messaging solution with P27 payments “allows banks in the area to alleviate the burden of transitioning to this new… Read More

October 25, 2022 @ 4:20 pm By JD Alois  |  

Data points highlighting flagging markets, including private investments in early-stage firms, continue to litter our inbox. The missives should arrive as no surprise as inflation is at a multi-decade high, the US economy is in a recession (or will soon be in one), and the… Read More

October 25, 2022 @ 3:45 pm By JD Alois  |  

Payments Fintech CleverCards has announced that it has integrated with Mastercard Processing Europe, as part of its recent partnership with Mastercard. This now allows digital Mastercards to be downloaded from the CleverCards platform. Ireland-based CleverCards explains that this card integration now enables payment administrators in… Read More

October 25, 2022 @ 10:56 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) is commencing a review of “Big Tech” providing financial services. The FCA will be reviewing firms like Google, Amazon, Apple, Facebook, and others that have emerged as top financial services providers in sectors like digital wallets and payments. The… Read More

October 25, 2022 @ 8:27 am By Omar Faridi  |  

Moneyhub, an Open Finance, Open Data, and payments platform, announced that it has secured “an initial £35m in funding from high profile backers Legal & General and Lloyds Banking Group, with an additional £5m debt facility provided by Shawbrook. Legal & General’s investment is partially… Read More

October 24, 2022 @ 11:32 pm By Omar Faridi  |  

Danish Fintech startup, Ztlment, claims it is the “first” in Europe to gain a license that “lets it operate fully regulated payments on top of blockchain.” The company has “raised €1.3 million in pre-seed funding from venture funds specializing in fintech.” The startup’s smart contract… Read More

October 24, 2022 @ 7:08 pm By Omar Faridi  |  

Jack Henry (Nasdaq: JKHY) announced an expansion of its existing relationship with Mastercard that will “enable credit unions and banks to provide their accountholders the ability to securely see all of their financial accounts – within and outside their primary financial institution – in one… Read More

October 24, 2022 @ 3:52 pm By JD Alois  |  

As was reported earlier today, former Chancellor of the Exchequer Rishi Sunak has been selected to become the new Prime Minister, stepping in after Liz Truss was forced out following a rough couple of weeks. Several more comments have filtered in from Fintechs following the… Read More

October 24, 2022 @ 1:06 pm By JD Alois  |  

Announced towards the end of 2021, Republic purchased UK-based Seedrs combining one of the most active securities crowdfunding platforms in the US with a crowdfunding leader in the European market. The deal officially closed several weeks back following a review by UK authorities. When the… Read More

October 24, 2022 @ 9:46 am By JD Alois  |  

UK markets are showing a sign of relief following the news that former PM Boris Johnson has decided to pass on another go as the occupant of Number 10 Downing Street, and Penny Mordaunt tweeted she would stand down from the race, thus clearing the… Read More

October 23, 2022 @ 7:29 pm By JD Alois  |  

Like many other markets around the world, the hot tech sector in Israel is not as hot as it was last year. According to LeumiTech’s periodic report, in the first nine months of 2022, Israeli Tech companies raised $12.3 billion or 30% less than in… Read More

October 23, 2022 @ 3:07 pm By Omar Faridi  |  

A new academy focused on tackling financial crime will be formed under a partnership agreement between Griffith University and the Commonwealth Bank of Australia (CBA). Building on CBA’s existing capability to combat financial crime and Griffith University’s considerable expertise in business and accounting structures, criminology… Read More

October 23, 2022 @ 12:33 pm By Omar Faridi  |  

Enfuce, the “pioneering” issuer processing platform, has announced the launch of its dynamic spend management tool Authorization Control, which “empowers companies of any size, in any sector, to set transaction and spending controls for any card in real time.” Combined with Enfuce’s turnkey Card as… Read More