Finastra, a global provider of financial software applications and marketplaces, today announced the go-live of its Bacsactive-IP Confirmation of Payee (CoP) service with ScotPayments, a centralized payments platform that supports the digital transformation of public services in Scotland.

dLocal, the leading cross-border payment platform specializing in high-growth markets, is proud to announce its partnership with Open English, an online English-learning platform operating in over 30 countries globally.

The UK’s largest commercial bank has extended its first mass-market Intellectual Property-backed loan to Sci-Net, a high-growth software business based just outside Oxford, in Chipping Norton.

With more than 14 million people in the UK using buy now pay later (BNPL), TotallyMoney investigates the different payment structures, and asks if complexity and a lack of consistency and regulation are leading to millions of people struggling to manage payments:

• The average customer makes 4 BNPL transactions per month — resulting in 12 separate payments for the typical ‘pay in three’ plan

401GO, the next-generation retirement plan provider for employers, advisors, and individuals, today announced the successful completion of its $12 million Series A funding round, led by Next Frontier Capital. Additional investors include Rally Ventures, who joined existing investors Impression Ventures, and Stout Street Capital which participated in the new investment. 

UnionPay International (UPI) has teamed up with JD PAY, JD.com's digital payment service to elevate the cross-border shopping experience, enabling customers around the world to use their local UnionPay cards on JD.com. This partnership is a major step forward in meeting the rising appetite for streamlined international online payment options and responds directly to the consumer trend toward effortless cross-border e-commerce transactions.

Mastercard introduces new capabilities and benefits for Engage and Fintech Express, making it easier for fintech partners to bring new solutions to market 

It’s hard to believe it’s been 15 years since the global financial crisis of 2007/2008. While this blast from the past is best left in the proverbial rear-view mirror, there have been echoes of it recently. Last year saw the collapse of Silicon Valley Bank (SVB) – the largest US bank to fail since 2008. Signature Bank also folded and Credit Suisse was sold to UBS for well below its market value to avoid triggering a banking crisis.

Nuvo, the fastest trade credit management platform for B2B sellers, has announced a strategic relationship with Equifax®, a leading global data, analytics and technology company.