07/22/2022
Visa reportedly takes an interest in Airwallex’s second Series E extension
Valuation will apparently stay flat at $5.5bn.
Retail Banking
07/22/2022
Moneyhub and Pennyworth partner to democratise financial planning
The new tool is aimed at "aspring-affluent customers" in the £40,000-£150,000 income range.
07/21/2022
Atlantic Money launches in UK after £3m fund raise
The firm has also secured an additional injection of $3m seed capital, led by Amplo, to supercharge its international growth having recently received its EU licence.
07/19/2022
Sweden's Zimpler launches in Norway
Norway – where 98% of the population has internet access and 1.3 million customers use online banking daily
07/19/2022
Mastercard forms alliance with quantum computing player D-Wave
"Our work with D-Wave will explore the endless applications of quantum computing for practical, real-world financial services applications."
07/19/2022
Open Banking in the UK – an update from American Express
As we move into a post-pandemic world, the trend has continued with a growing demand for greater payment options combined with a more seamless experience.
07/18/2022
Atom bank losses narrow as lending operations up by £600m
Four consecutive months of operating profit highlight Atom's growth in 2022.
07/15/2022
Mastercard partners with caregiver to launch debit card for people living with dementia
Sibstar aims to help the 55 million people living with dementia retain their autonomy with their spending.
07/15/2022
Payments giant Stripe cuts internal valuation by 28%
The fintech joins a trend of valuation drops in the industry, but unlike others has made the cut itself.
07/15/2022
Revolut just onboarded its 20 millionth retail customer
After seven years, the fintech has reached a phenomenal number of people.
07/14/2022
Mastercard targets Canadian not-for-profits with Changeworks
“Canadian not-for-profit organizations are vital contributors to our country’s economic health and social fabric, but many lack the necessary technology infrastructure and digital skills to deliver on their mandates and increase their impact,&
07/13/2022
Banque de France steps up wholesale CBDC work
The bank has built its own DLT technology as well as an automated market maker platform inspired from the DeFi markets, which could serve as the basis of a multi-CBDC platform where different central banks come together to enable fast, automated and trans
07/13/2022
ING pilots ultra-wideband tech for P2P contactless payments
Users open the ING app, point their phone to the individual to whom they wish to transfer money, and confirm the transaction.
07/13/2022
British woman develops card for people living with dementia
She also frequently fell victim to phone scammers.
07/13/2022
India’s M2P Fintech snaps up cloud lending firm Finflux
With the acquisition, M2P Fintech aims to roll out lending products “that are secure, scalable and cloud-ready” to help firms accelerate their digital transformation and workflow automation plans.
07/13/2022
Deutsche Bank develops its own buy now, pay later solution for e-commerce and digital marketplaces
Deutsche Bank assesses the risk of non-payment and fraud in real time and includes the receivables arising from the respective sales contract in its own risk portfolio.
07/13/2022
New fintech-led trends in the small business banking space
Entrepreneurs are great at day-to-day execution
07/12/2022
How Emerging Fintech Can Help Simplify B2B Payment Processes
For the most part, emerging financial technologies have streamlined financial operations for B2B companies across a variety of verticals.
07/12/2022
Klarna lands $800m funding as valuation cut to $6.7bn from $45.6bn last year
Buy now, pay later (BNPL) firm Klarna has raised $800 million in a new financing round at a $6.7 billion valuation.
07/11/2022
GoHenry acquires French fintech Pixpay to drive European expansion
The firm provides a Mastercard payment card and a mobile app that allows users to pay, get paid, save money or get discounts on brands.