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.
Retail Banking
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.
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.