There are now 10 million consumers and small businesses who have been empowered to take advantage of the benefits of open banking and manage their financial lives in new and innovative ways.

This significant achievement highlights the positive momentum and growing adoption of open banking technologies as millions of consumers and small businesses benefit from innovative financial management and payment tools.

British Business Investments today announces a commitment of up to €60m to Adams Street Partners’ (“Adams Street’’) first European Venture Fund. The commitment, which is made through the Managed Funds program, will back innovative businesses across the UK and Europe. The European Venture Fund is Adams Street’s first commingled fund focused on Europe.

Etraveli Group and Outpayce from Amadeus have joined forces in a new partnership to tackle fraud in the travel industry. Through this new partnership, airlines and other travel stakeholders using Outpayce’s Xchange Payment Platform, can now benefit from Precision’s industry-leading risk management solution through a single connection.

Tech-first businesses, Banking Circle and fundcraft, are working in partnership to deliver seamless access to account openings for fund managers. Banking Circle, a game-changer in the payments space, is one of fundcraft’s primary bank account providers, making accounts accessible through fundcraft via API integration.

Iress today announced that its QuantHouse division has entered into a strategic global partnership with Quod Financial, a leading provider of multi-asset trading technology.

Finastra, a global provider of financial software applications and marketplaces, today announced its partnership with CredAble, a working capital finance platform, to expand the functionality of Finastra Trade Innovation. CredAble’s feature-rich platform is now integrated with the solution, providing new and existing customers with a comprehensive supply chain finance offering.

Family finances are at breaking point with 2.3 million parents unable to afford any activities for their children during the upcoming summer holidays, reveals research from responsible lender Creditspring*.

XTransfer, China's top B2B cross-border trade payment platform, and EBANX, the leading payment platform connecting global companies with customers in Latin America, Africa, and Asia, announced a strategic partnership aimed at streamlining B2B trade payments in Latin America.