Today, the Consumer Financial Protection Bureau (CFPB) issued a new report that suggests consumers tend to pay more for products that have more complex pricing structures. The report is based on experiments with multiple rounds of buyers and sellers interacting in simple markets, and found that participants tended to pay more when prices were broken into sub-parts and were harder to understand.

Topps Tiles, the UK’s number one tile specialist, has tapped bank payments company GoCardless to power the payments behind Trade Pay, its newly launched trade credit scheme which gives traders the ability to regularly pay on credit in Topps Tiles stores. 

Ansa, the fintech infrastructure solution enabling merchants to launch branded customer wallets, announced today a $14M Series A funding round. The round was led by Renegade Partners with participation from Bain Capital Ventures, B37 Ventures, Box Group, and Wischoff Ventures.

PayNearMe, the fintech company bringing progress to payments, today announced Mohegan Digital, the iGaming division of Mohegan, has selected MoneyLine™ as its exclusive payments platform to facilitate the deposit and payout experience for its online gaming players in Pennsylvania. With MoneyLine, Mohegan Digital has access to the widest range of payment types, along with sophisticated fraud and risk prevention capabilities, through a single integration.

Plend, a UK-based consumer lender, has partnered with Monevo, an innovative credit eligibility and distribution platform, empowering over 150 credit providers and banks to host, manage and distribute pre-qualified credit offers. The partnership aims to provide more inclusive lending options by offering pre-qualified personal loans to customers across the UK, utilising Plend's proprietary technology.

Atomic is excited to announce a reseller partnership with Lumin Digital, a leading, future-ready and cloud-native digital banking solution. This collaboration brings direct deposit, verification of income and employment (VOIE), and payment method switching solutions to financial institutions aiming to secure more primary account holders and elevate the consumer banking experience.

Rimes, a leading provider of enterprise data management and investment management solutions to the global investment community, is pleased to announce the relocation of Mark Sedgwick, global head of the firm’s Data Management Office, to Manila, Philippines. In addition to his existing position, Mark will head up the growing Manila office. Rimes currently employs almost 150 people in Manilla and is looking to expand this number in line with increased business demand across Rimes product range.

Insurance technology startup Urban Jungle has raised £11.2M ($14.4M) in its latest funding round led by existing investors.

Founded in 2017 by Jimmy Williams and Greg Smyth, the 70-strong, London-based company is changing the insurance industry by putting fairness at its core. This round brings the total amount raised by the business to £43.3M ($55M).   

Ripple, the leading provider of enterprise blockchain and crypto solutions, has entered into a strategic partnership with HashKey DX, the Tokyo-based specialized consulting company of the HashKey Group, to introduce XRP Ledger (XRPL)-powered enterprise solutions to the Japanese market.