Bank payment company GoCardless has completed the acquisition of Sentenial Ltd, operating under the Nuapay brand, from EML Payments Limited (ASX: EML).

The deal, which was announced in March, will significantly scale GoCardless’ indirect channel proposition and fast-track the rollout of new capabilities that will enable customers to send as well as collect money through GoCardless. 

Validus, a leading digital SME lending platform headquartered in Singapore, today announced the establishment of a debt facility of up to US$50 million from HSBC under the ASEAN Growth Fund strategy and is aimed to support financial inclusion for micro, small and medium enterprises (MSMEs) in Indonesia, addressing their challenges in accessing financial resources. 

Hardbacon Financial Technologies Inc. (Hardbacon) has announced that all employees have been let go and operations are suspended. The company will declare bankruptcy soon, with possible asset sales to third parties. The app and website remain functional but may be discontinued if hosting payments are stopped.

Legal & General (‘L&G’), the largest DC pensions provider in the UK, has appointed Moneyhub, the market-leading fintech and Open Finance firm, as its Qualifying Pensions Dashboard Service technology provider, helping to shift the dial on how people plan and prepare for retirement. 

A new study released by Tietoevry has found that 79% of banks in Europe are currently in the process of modernizing away from legacy card platforms. This is up from 60% two years before, reflecting the acknowledgment that banks must update their systems in order to meet the demands for faster, smoother, and safer payments experiences. 

Mollie, one of Europe’s fastest-growing financial service providers, has appointed Dave Smallwood as its UK Managing Director. This appointment comes as the company scales its UK operations following triple-digit year-on-year growth in the first quarter of 2024.

Reward Finance Group has strengthened its North West team by promoting Harriet Gibbs as the company’s first ever sales director, to drive forward business growth and deliver high-performance funding.

Having established itself as the original and leading authority in the alternative finance industry, Reward has worked to fill the gap in the market left by traditional funding.

End-to-end payments platform, Ecommpay, has signalled its global growth ambitions with the inclusion of 3 key Italian Alternative Payment Methods (APMs). The addition of BANCOMAT Pay, MyBank and Satispay to the Ecommpay platform will enable e-commerce merchants operating both in Italy and those who want to target the Italian market, to improve conversion performance through more tailored payment choice in their online propositions.

The Bank of London today announces it has been selected by Waafi Bank, a start-up bank based in Malaysia, as its banking services provider to support its plans to enter the UK with its Shariah-compliant banking offering.

Founded in 2020, Waafi’s vision is ‘to bring Islamic banking to every corner of the globe’ and provide Muslims with access to financial solutions that align with their faith.