05/23/2023
Brite Payments launches instant payments network
Taking advantage of the “untapped potential” of open banking, Brite is launching 24/7/365 instant payments processing.
Retail Banking
05/22/2023
Majority of APAC Consumers Prefers Remittance Services to Be Offered in a Super App
71% of APAC senders and receivers said they were irritated with the repetitive and time-consuming paperwork associated with cross-border money transfers.
05/19/2023
Revolut launches Oz business account; wants banking licence
Any Australian licence could depend on whether the company secures a UK one.
05/18/2023
San Francisco-based Cardless announces three-year $75m credit facility
Cardless, a fintech that offers co-branded credit cards, engages with i80 Group to secure a three-year $75 credit facility.
05/18/2023
JPMorgan and Barclays back German InsurTech wefox
The new cash is earmarked to further strengthen wefox’s insurance and distribution business
05/17/2023
Citi builds embedded payments suite with POS instalment loans and lines of credit
The first offering is Citi Pay Credit, a digital-only credit card and dedicated line of credit for customers to make purchases at participating retailers. Customers can apply at the checkout and get real-time approval.
05/17/2023
StanChart Partners FIS’ Worldpay to Simplify Payment Experience for Merchants
Since its inception, the bank reported steady growth of its Straight2Bank Pay’s client base across various industries
05/17/2023
Open finance specialist Fabrick acquires UK paytech Judopay
Judopay says its “100% cloud-based technology stack has been completely re-engineered over the past four years”.
05/17/2023
German BNPL provider Tilta goes live on Mambu
Unlike many BNPL providers that only use publicly available credit data, Tilta incorporates customer relationship data in its credit decisioning processes to ensure high financing limits.
05/17/2023
Sezzle launches Pay-in-2 BNPL option
Offering multiple payment solutions from Sezzle leads to higher approval rates and increased shopper conversions.
05/16/2023
Jack Henry ready for FedNow launch
Jack Henry has actively participated in the development of the newest network, expected to launch in July 2023.
05/16/2023
Group payments startup Hands-In raises $550k
Hands-In enables customers to split the basket between the group equally or by item, inviting all members into the transaction.
05/16/2023
Proxy Voting Gets Easier for Investors with New Tech Enhancements in Broadridge’s ProxyVoteTM App
New features include the option to pre-set voting preferences
05/16/2023
Deutsche Bank wins Moss payments mandate
In Q3, Moss’s EU Debit customers will be migrated to Deutsche Bank, which will hold all funds and handle the receipt, custody and shipping for the company.
05/15/2023
Revolut set to start offering loans in France
The digital banking app aims to reach 100 million customers by 2025 and become the number one bank.
05/15/2023
Freedom Finance to work with Money Expert to offer loans and credit cards
These products will be delivered through Freedom Finance’s proprietary matching technology
05/12/2023
UAE Gains Access to New Credit Services With RAKBANK Credit Card
They can do so by uploading the necessary documents.
05/11/2023
Peter Thiel leads Petal’s $35m funding, B2B data analytics division Prism Data spun off
The US open banking momentum is growing with lenders increasingly interested in alternative data sources
05/11/2023
Barclays taps TransferMate for international receivables package
The service has already been successfully piloted with Barclays higher education clients
05/11/2023
Mastercard taps open banking for digital account opening
This helps fintechs and banks know who their customers