British fintechs call on the Government to incentivise private investors to protect SMEs from collapse
- 5 years 6 months ago
- Covid-19
Buckworths, the UK’s only law firm working exclusively with start-ups and high growth businesses, has yesterday sent a letter to the Treasury requesting the introduction of measures to incentivise angel investors to invest in SMEs that have been adversely impacted by the COVID-19 pandemic.
TPAY MOBILE acquires Payguru, the leading payment platform in Turkey
- 5 years 6 months ago
- M&A Deals
TPAY MOBILE, the leading digital merchant acquirer and mobile payment enabler in the Middle East and Africa (MEA), has today announced the acquisition of 100% of the shares of Payguru, one of Turkey’s leading payment service providers. The transaction remains subject to approvals from the Central Bank of the Republic of Turkey (CBRT) and the Competition Authority.
Wirecard and Stocard team up to launch mobile payment feature and drive contactless payment adoption
- 5 years 6 months ago
- Payments
Wirecard, the global innovation leader for digital financial technology, is collaborating with Stocard, the leading mobile wallet and one of the largest B2C European FinTechs, to launch a new mobile payment feature in the Stocard app. The announcement comes as Stocard reaches 50 million users worldwide. Starting today, UK-based Stocard users can pay with their app via a virtual Wirecard-issued Mastercard card, an option that will be rolled out...
New lenders accredited to British Business Bank Coronavirus Business Loan Schemes
- 5 years 6 months ago
- Covid-19, Lending
Today the British Business Bank has announced that it has approved a new lender for accreditation to the Bounce Back Loan Scheme (BBLS), five new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS) and four new lenders under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). Paragon Bank will join the other 19 BBLS lenders who have been accredited since the scheme opened last month.
mBank selects Wolters Kluwer’s OneSumX for risk management
- 5 years 6 months ago
- Risk Management
mBank, Poland’s fourth largest banking group based on assets, has chosen Wolters Kluwer’s OneSumX for Risk Management as its risk software. The mobile digital bank operates across three markets in Poland, the Czech Republic and Slovakia. The bank will specifically use the Wolters Kluwer’s solution for Asset and Liability Management (ALM) as well as Market Risk and profitability (Funds Transfer Pricing).
Amaiz appoints Francesca Dowling as their new head of compliance
- 5 years 6 months ago
- People Moves
Amaiz, the new banking and bookkeeping service for small businesses owners, has appointed Francesca (Frankie) Dowling as their new Head of Compliance. Frankie has more than 20 years' experience working in the regulatory field, most recently in risk and compliance. She has worked across many sectors including gambling, legal, financial services and banking. Previous employers include Virgin Money and Leo Vegas Group.
TransUnion Launches Enhanced Open Banking Solution as COVID-19 Puts Affordability in the Spotlight
- 5 years 6 months ago
- Open Banking
TransUnion has launched the latest evolution of its end-to-end, API-driven Open Banking solution, designed to assess income and expenditure, affordability and creditworthiness. New developments are wide-ranging, with improved analytics capabilities and a streamlined screen journey which includes anti-money laundering (AML) checks. These checks must be conducted as part of the Open Banking process, and are additional to the AML checks that the...
Trustly announces strategic minority investment by a consortium of investors to support further expansion
- 5 years 6 months ago
- Investment Management, Payments, Online Banking
BlackRock Private Equity Partners, through its private equity funds and accounts under management, together with a consortium of institutional investors, including among others, Aberdeen Standard Investments, funds managed by Neuberger Berman, Investment Corporation of Dubai and RSIC, are becoming minority shareholders in Trustly, the world’s leading online account-to-account (A2A) payments provider. Nordic Capital remains the majority...
Credorax Partners with Mondial Bony Service S.P.A to Offer Wider Payment Services to Italian Market and Beyond
- 5 years 6 months ago
- Payments
Today, leading smart payments provider and fintech bank Credorax, and Italian payment institution authorized by the Bank of Italy, Mondial Bony Service S.P.A announced a new partnership to broaden payment services available to Italian merchants and Mondial Bony’s customers. The partnership will enable Mondial Bony to provide Card Present Offerings and expansion into Card Not Present (CNP) transactions with one connection.
EIS Group Partners with EPAM to Accelerate Digital Transformation Initiatives for Insurers
- 5 years 6 months ago
- Insurance
EIS Group, a core and digital platform provider for insurers, today announced a partnership with EPAM Systems, Inc. (NYSE: EPAM), a leading global provider of digital platform engineering and software development services, to help insurers accelerate digital transformation initiatives in the UK.
First Bank partners with HTMA to debut Kids Cash and Plinqit savings app
- 5 years 6 months ago
- Banking
First Bank announced today that it has partnered with HT Mobile Apps (HTMA) to offer Kids Cash, a free mobile application designed to educate children ages three to 12 years old on the benefits of saving, and Plinqit, the only savings app that pays users for learning about personal finances.
TransferWise adds P2P payments in over 50 currencies
- 5 years 6 months ago
- Payments
TransferWise, the global technology company building the best way to move money around the world, today announces its latest feature: millions of account holders will now be able to send domestic as well as cross-border transfers instantly to their phone contacts who also have a TransferWise multi currency account. The TransferWise account is available in over 170 countries and has over $2.4 billion in customer deposits.
Fund Management Companies Enjoy Significant Followings on Alipay Open Digital Lifestyle Platform
- 5 years 6 months ago
- Fund Management
Alipay, the world’s leading open digital lifestyle platform, today revealed that 82 fund management companies in China have collectively attracted over 120 million followers on their official corporate accounts on Alipay as of June 9, 2020. Further, 128 of 143 fund management companies in China are now offering products and services on Alipay.
Fintechs Must Take Part in COVID-19 Recovery, says Bruc Bond
- 5 years 6 months ago
- Covid-19, Lending, Banking
Leading business banking firm Bruc Bond believes small businesses must be helped by fintechs to lessen shock of worldwide pandemic The COVID-19 pandemic has severely crippled the global economy. While social distancing measures have been vital to securing people's lives and enabling effective governmental responses to the pandemic, SMEs around the world have been hit hard by these necessary measures.
TAS International acquires Infraxis AG
- 5 years 6 months ago
- M&A Deals
TAS International SA, the wholly-owned subsidiary of TAS S.p.A., has today signed a binding agreement for the acquisition of the Swiss company, Infraxis AG, and its British subsidiary, Infraxis Ltd (UK).
