Leading open banking infrastructure provider, Token.io, and the award-winning personal finance management tool, Money Dashboard, today announce that Token Pay^TM has been integrated into the new Money Dashboard app to power a range of smart open banking payment services for users. The integration enables thousands of UK consumers to initiate instant, low cost account-to-account (A2A) transfers from within the app.

Today the British Business Bank has announced that it has approved one new lender for accreditation to the Bounce Back Loan Scheme (BBLS), and six new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS).

Investec will join the other 20 BBLS lenders who have been accredited since the scheme opened last month.

Fenergo, the leading provider of digital transformation and client lifecycle management (CLM) technology, today announces the launch of Fen-Xcelerate, a lower cost, cloud-based version of Fenergo’s CLM solution, tailored specifically to mid-tier and boutique commercial, business and retail banks seeking to accelerate digital transformation.

Bottomline (NASDAQ:EPAY), a leading provider of financial technology that makes business payments simple, smart and secure, revealed today that 58% of financial decision makers in businesses surveyed across Great Britain view financial loss due to payment fraud as ‘part and parcel of running their business.’ Of those surveyed, 81% were unable to recover more than half of their losses caused by fraud, a figure which rises to 88% for small businesses alone.

More and more consumers are going online to purchase everything from groceries and food delivery to home improvement goods, apparel and entertainment; as they do, merchants are focused on providing an increasingly seamless experience. Today, Mastercard announced that Amazon customers in 12 countries across North America, Latin America, Middle East and Europe will have their stored card credentials tokenized. By replacing a consumer’s physical card number with a token, payment information is unique to each individual transaction and can be used only by the merchant that requested it.

Today, open banking pioneer Nuapay, a Sentential company, announces its partnership with Felloh!, UK-based startup with a mission to transfer £1bn in reduced payment processing costs to donations for charities and social enterprises. The partnership enables social enterprise Felloh! to premier its open banking payments button.

BPC today announced that it has joined Visa’s Fintech Fast Track Program, which makes it quicker and easier for fintechs to leverage Visa’s global payments network and introduce new payment experiences. This strategic initiative is a response to the surge in demand among fintech players to enhance their product propositions, expanding beyond their core businesses.

Global fintech firm, Gresham Technologies (Gresham), has appointed Marc Binck as Head of Cloud Services to accelerate the firm’s cloud strategy across global markets.

In his new role, Marc will be responsible for the continuous delivery and integration of cloud services across the entire Clareti platform of data reconciliation, cash management and payments solutions.

The research team at Amun Ltd, the short and leverage crypto token issuer, has published one of the most extensive studies (https://blog.amun.com/amun-2020-derivatives-and-tokens-benchmarking-survey/) on the state of derivatives, leverage and short tokens to-date using data from a ground-breaking survey of 629 participants.

Alibaba Cloud, the data intelligence backbone of Alibaba Group, today announced that it will invest RMB2 billion (US$283 million) during this fiscal year to empower global partners and accelerate joint innovations in the post pandemic era. The investment aims to bring its partners up to speed with digitalisation capabilities and create joint products and solutions to benefit even more customers across all sectors.