Atom bank, the UK’s first app-based bank, has today revamped its serviceability criteria for both variable and fixed rate commercial mortgage products as it looks to improve access to finance and challenge the high street lenders.

United Fintech, the go-to platform for capital markets digitisation, has announced the appointment of Thomas Petersen as Head of Data Partnerships, bolstering its team of global talent as it continues its growth.

Vayana TradeXchange, the International Trade Financing Services (ITFS) platform facilitating cross-border trade finance under the supervision of the International Financial Services Centre Authority (IFSCA), GIFT City, today announced the completion and disbursement of its first set of export financing transactions.

Vayana TradeXchange (VTX) is built and operated by Vayana (IFSC) Pvt Ltd, a 100% subsidiary of Vayana Network, the largest Supply Chain Finance platform in India.

Founded in 2021, by Harsh Chhatrapati and Arun Iyer, Galgal Money is a new-age Mumbai-based Fintech start-up that focuses on bringing efficient banking solutions to the youth, with the purpose to simplify money management and make savings as stress-free as possible. 

Yubi (formerly CredAvenue), the world’s first possibility platform that powers the discovery, execution and fulfilment of credit, and axio (formerly Capital Float), India's leading digital consumer finance company offering pay later, credit and personal finance management announced a strategic partnership, through which axio will leverage Yubi’s co-lending platform to continue expanding its retail credit business.

According to a recent study from market research firm Graphical Research, the global mPOS terminals market size is set to register significant growth during the forecast timeframe, propelled by rising demand for digital payment solutions. Many countries in developed regions are deploying advanced systems to enable customers to make online payments. The growing smartphone penetration has played an important role in increasing the number of cashless transactions.

Síminn Pay, the pioneering fintech subsidiary of Iceland’s largest telco provider Síminn, has partnered with Enfuce, the European leader in providing turnkey card issuing, to launch virtual credit cards tailored for Síminn Pay’s lifestyle app, enabling users to make seamless payments.

Alternative Investment Exchange (AIX), the platform making it easy to buy, own, and sell alternative investments, welcomes Urban Catalyst Funds to the AIX platform. The team at Urban Catalyst Funds selected AIX to help make investing in its qualified opportunity zone (QOZ) funds easier than ever.

Biometrics has quickly become embedded in our everyday lives, particularly facial biometric technology which is commonly used to unlock smartphones and access online applications. With 8 out of 10 people finding biometrics both secure and convenient, it’s seeing widespread adoption across financial services.

The British Business Bank’s second annual Nations and Regions Tracker, published today, finds usage of external finance has fallen overall across the UK, as nine out of the twelve regions saw a drop in use of small business finance. In addition, 38% of smaller businesses were using external finance in the second quarter of 2022, down seven percentage points from 45% a year earlier. Core debt products remain the most used and widely available across the UK nations and regions.