Global

September 7, 2021 @ 4:41 pm By Omar Faridi  |  

Worldline (Euronext: WLN), the European provider of payments and transactional services, has reportedly become a WhatsApp Business Solution Provider for the distribution and provision of WhatsApp Business API, enabling firms to connect with clients in a secure and reliable manner. Today, clients like to connect… Read More

September 7, 2021 @ 2:59 pm By Omar Faridi  |  

Trade Ledger, an international digital lending platform, has teamed up with ScotPac, Australia and New Zealand’s biggest non-bank SME lender, in order to develop an origination and underwriting experience for business funding. As mentioned in a release, the partnership demonstrates the scope of the Trade… Read More

September 7, 2021 @ 11:55 am By Omar Faridi  |  

Oxane Partners, a tech-driven services provider to private markets, reveals that it has signed up two more clients, AllianceBernstein and Edmond de Rothschild REIM, for its Loan Servicing 2.0 offering. As mentioned in the announcement, lenders across the United Kingdom and Europe have signed up… Read More

September 7, 2021 @ 10:54 am By Omar Faridi  |  

NatWest Group, National Australia Bank, Canadian Imperial Bank of Commerce, and Itaú Unibanco will reportedly be conducting the Global Open Finance Challenge, which will aim to promote innovation and the development of new services for a globally accessible, Open Finance ecosystem. The four banking institutions… Read More

September 7, 2021 @ 10:47 am By JD Alois  |  

IOTA, a scalable, feeless, and decentralized distributed ledger technology, has been selected for the European Blockchain Services Infrastructure (EBSI), a project organized the by the European Union. Dominik Schiener, co-founder and Chairman of the IOTA Foundation, said they are very excited about the selection in… Read More

September 7, 2021 @ 8:36 am By Omar Faridi  |  

European P2P lender Mintos reveals that it has reached another key milestone with EUR 7 billion of loans now funded via its platform. The Mintos team writes in a blog post, dated September 6, 2021, that it’s been a year of milestones for them, and… Read More

September 7, 2021 @ 7:38 am By Omar Faridi  |  

Ecommpay, an established payments service provider and card acquirer, recently shared updated data in its whitepaper, “Beyond the pandemic: The outlook for Open Banking.” Important findings highlighted in the whitepaper reveal that nearly half (48%) of consumers responding to a survey said they are a… Read More

September 6, 2021 @ 10:55 pm By Omar Faridi  |  

TrueLayer, which is one of Europe’s leading Open Banking platforms, reveals that Mariko Beising has been appointed as the firm’s Head of Payment Partnerships, bringing around 10 years of professional experience, most recently at Fintech company Klarna where she was responsible for forming partnerships with… Read More

September 6, 2021 @ 2:36 pm By Omar Faridi  |  

The Pensions Dashboards Program (PDP) has reportedly appointed Capgemini to provide its central technical architecture, ending the initiative’s first phase. As reported by Pensions Age, the selection of Capgemini was made after an extensive engagement period, with the pensions industry and suppliers, which PDP said… Read More

September 6, 2021 @ 1:37 pm By Omar Faridi  |  

Embedded finance platform Railsbank has reportedly hired Stuart Gregory to serve as the company’s Chief Product Officer. Stuart had joined Wise and was MD of Wise Business and Wise Platform. During the past few years, he has helped with developing, deploying and strategically expanding business… Read More

September 6, 2021 @ 12:54 pm By JD Alois  |  

Nucleus Commercial Finance, has received approval to offer the Recover Loan Scheme (RLS), a government program designed to support businesses that have struggled during the COVID health crisis. Nucleas previously offered lending under the Coronavirus Business Interruption Loan Scheme (CBILS), lending £438 million in 2020… Read More

September 6, 2021 @ 12:38 pm By JD Alois  |  

In a speech delivered at the Cambridge International Symposium on Economic Crime, FCA and PSR Chair Charles Randall discussed some hot topics in the financial services sector – fraud and scams. More specifically, crypto scams and the regulation of digital assets or tokens. Currently, the… Read More

September 6, 2021 @ 10:08 am By Omar Faridi  |  

UK-based digital bank Starling notes that as the summer months are ending, they’ve shared some of their recent highlights. Starling now has over 2.4 million open accounts, which reportedly include more than 400,000 business accounts. As mentioned in a blog post by Starling, dated September… Read More

September 6, 2021 @ 10:02 am By JD Alois  |  

Diners Club International has extended its partnership with BPC in Latin America. BPC offers payments, wallets, and banking features via its platform. According to a statement from the company, after selecting BPC’s SmartVista for commerce in Peru, Diners Club has turned to BPC once again… Read More

September 6, 2021 @ 9:35 am By Omar Faridi  |  

Digital bank Revolut notes that if you’re looking for more security and more innovative products, then you should consider joining their platform. Revolut Bank is currently live in 13 European Union nations and they continue adding new countries to the list, the Fintech Unicorn confirmed… Read More

September 6, 2021 @ 9:28 am By Omar Faridi  |  

Ireland’s Ding, a mobile top-up service provider, has reportedly sold a majority stake to London-headquartered private equity firm Pollen Street Capital. As noted by its management: “Ding was founded to improve people’s lives by helping those with less gain access to more. As the number… Read More

September 6, 2021 @ 6:17 am By Omar Faridi  |  

Australia’s neobank Volt has teamed up with virtual currency exchange BTC Markets (BTCM) in order to offer BTCM and its clients with improved speed, stability, and confidence when investing in crypto-assets, facilitated by Volt’s banking-as-a-service (BaaS) platform. The partnership will offer integrated banking capabilities to… Read More

September 5, 2021 @ 5:24 pm By Omar Faridi  |  

There has been a special focus on anti-money laundering (AML) in the industry during August 2021, with accelerations in the use of artificial intelligence for AML, as well as certain updates made to regulatory guidelines, according to a report from Banking Circle. Payments specialist Banking… Read More

September 5, 2021 @ 5:21 pm By Omar Faridi  |  

During this month’s installment of “Did you know” by P2P lender Blend Network, they’re sharing some of the “secrets” of their due diligence and underwriting process so that you get to know more about the processes they go through to “ensure that you and hundreds… Read More

September 5, 2021 @ 9:13 am By Omar Faridi  |  

Lending platform RateSetter’s pre-tax losses have reportedly doubled in its last year operating as a P2P lending platform. This, according to the service provider’s annual accounts. The consumer lending business, which has been acquired by Metro Bank, noted that it recorded a £22.3 million lost… Read More