08/03/2022
E-commerce lender Clearco axes 125 jobs
Clearco has funded more than 10,000 businesses to the tune of $5 billion, offering small firms a way to secure funding without giving up equity.
Retail Banking
08/03/2022
Visa and Pecunpay launch Visa Direct to make it easier for people to send and receive money instantly
One of the main benefits of this new solution is the security offered during each transaction thanks to being supported by Visa’s network and technology.
08/03/2022
Auxmoney secures €500 million funding to invest in consumer loans
auxmoney will use this financing provided by Citi and Natixis to invest into consumer loans on its own platform.
08/02/2022
Green lender Tandem Bank joins Raisin’s UK panel of savings accounts
The bank aims to tap into a more diverse source of deposits via Raisin.
08/02/2022
Open banking One offers account aggregation with Nordigen
To bring their idea to life, Cabora Technologies decided to partner with Nordigen to utilise safe and secure bank connections on offer through their dedicated APIs.
07/29/2022
Lloyds boss hints at more M&A as fintech valuations plummet
The bank bought digital retirement platform Embark for almost £400mn in July 2021, and Nunn says that its integration into the wider group is “going well”.
07/29/2022
UK Bounce Back Loan data puts Metro Bank and other lenders in the spotlight
While Starling Bank has been under fire from Lord Agnew for its BBLS performance, new figures put it in the middle of the pack.
07/28/2022
Barclaycard Payments: Non-traditional sign-ups will fuel new wave of subscriptions
Technology retailers, grocery brands and DIY & home improvement merchants plan to introduce the largest number of new sign-up products and services before the end of the year, with an average of four new offerings, compared to an average of three acro
07/28/2022
B2B payments platform Balance closes $56m Series B
Balance will use this funding to expand its offerings to new, global eCommerce platforms and enable B2B merchants to grow their digital revenue.
07/28/2022
“Open banking? It’s both threat and opportunity” An interview with Mastercard’s Europe boss
AltFi sits down with Mark Barnett, Mastercard’s Europe President, to discuss crypto, open banking and what one of the world’s largest financial services incumbents thinks of fintech.
07/26/2022
GoCardless officially launches Variable Recurring Payments as CMA deadline approaches
Friday marks the launch of VRPs after the CMA’s six-month delay.
07/26/2022
Santander CIB partners with SAP to deliver ‘invisible banking’
In November 2021, Standard Chartered joined the SAP Mult-Bank Connectivity solution and utilised their cloud services to improve transactional services for their corporate clients
07/26/2022
Cardless and AmEx team on co-branded cards
Cardless has successfully completed a series of venture capital funding.
07/26/2022
Buy Now, Pay Later Services Are Walking a Tightrope—Unless We Get the Technology Right
Free money is everywhere, and everyone buys more stuff. Pop the champagne, life is good.
07/25/2022
QNB launches direct remittance service to Philippines through RippleNet
QNB’s latest first-to-market solution complements the Bank’s efforts to improve cross-border payments, upholding its leadership position in Qatar in the sector of money transfer.
07/22/2022
Morgan Stanley and Mastercard back credit-building startup TomoCredit
Female, immigrant-founded TomoCredit is targeting the 40 million credit-invisible immigrants and international students with no credit history in the US.
07/22/2022
AIB makes u-turn on decision to scrap ATMs following backlash
AIB has also seen a fall of almost 50% in branch over-the-counter teller transactions, while mobile and online payments have increased by 85% in that same timeframe.
07/22/2022
Brazil's Neon raises $80m to boost credit card push
The lender ended 2021 with a total credit portfolio of $270 billion and the idea is that the FIDC will bring greater flexibility to its growth strategy.
07/22/2022
Visa reportedly takes an interest in Airwallex’s second Series E extension
Valuation will apparently stay flat at $5.5bn.
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.