As part of its continued ambition to become a leading global clearing provider, Banking Circle has today significantly strengthened its embedded financial infrastructure with direct access to the Swiss Interbank Clearing (SIC) system. This latest development represents major progress in the bank’s mission to build a global payments platform with interoperability at its core and deliver instant, low-cost, scalable cross-border solutions across Europe.

PEXA, the digital property exchange platform, today announces the completion of the UK's first fully digital Purchase transaction.

The transaction took place as part of the testing of PEXA's Sale & Purchase proposition ahead of its full launch and wider market roll out later this year. It marks an important milestone in PEXA's mission to streamline the home buying and selling journey.

MuchBetter, the award-winning fintech innovator, has introduced a next generation business account offering, MuchBetter Business (MBB). Built on an advanced, cloud-native core banking solution from Temenos, and supported by NatWest and SWIFT, MBB is designed to meet the needs of businesses in specialised sectors that face barriers to traditional banking access.

Leading European financial technology provider, payabl. has launched its Virtual Business Cards service, a digital payment solution designed to give businesses greater control, security, and visibility over their spending.

Visa, a global leader in digital payments, is today announcing that its new pay by bank solution is ready for market in the UK. Built on Visa’s decades of payments expertise, Visa A2A gives consumers greater choice, control and protection over how they pay via bank transfers. It is designed to make pay by bank transactions — including bill and subscription payments— safer and smarter.

Stitch, the unified platform for launching and scaling financial products, today announced the successful closing of a $10 million seed round. The Saudi Arabia headquartered company attracted investments from leading investors including Arbor Ventures, COTU Ventures, Raed Ventures, and SVC. The round has also had participation from various family offices and industry veterans including Marqeta's founder Jason Gardner, and Abdulmalik AlSheikh who previously led the establishment of critical payment networks such as mada and Sadad in the KSA.

The future of commerce in Asia Pacific is on display at the Visa Asia Pacific Media Showcase, where the company announced a suite of product innovations and strategic partnerships to enable a new era of commerce for the region.

Monarch has announced the successful raise of $75 million in Series B financing. The round was co-led by Wesley Chan of FPV Ventures and Eurie Kim of Forerunner Ventures, with participation from existing investors Menlo Ventures, Accel, SignalFire, and Clocktower Ventures.

Wirex Limited, a UK regulated- payments platform and card issuer, has appointed Chet Shah as its new Chief Executive Officer.

After three transformative years as the Chief Risk & Compliance Officer (CRCO) - during which he built a best-in-class team and significantly strengthened the firm's risk and compliance functions - Chet will now lead the company into a new era of growth, responsibility, and innovation.