Lloyds Bank Business & Commercial Banking has strengthened its Specialist Client Solutions team with the appointment of Tim Biddle as Head of Invoice Finance and Asset Finance Field Sales.

In an exclusive interview with 

International payment service provider and direct bank acquirer, ECOMMPAY, has today announced the launch of its first Buy Now, Pay Later (BNPL) offering. Built with the company’s proprietary technology, the new payment solution promises 24/7 customer support with a robust risk scoring system tailored to an individual’s travel circumstances, offering higher credit limits for specific travel needs, and credit return limits to protect booking agencies and travel agents.

Weeks after a $350 million raise, Indian digital payment platform PhonePe has secured another $100 million in funding at a $12 billion valuation.

The ongoing round was joined by Ribbit Capital, Tiger Global and TVS Capital Funds. PhonePe says it expects further investment to follow.

APEXX Global, (“APEXX”), the multi-award-winning Payment Orchestration Platform, has partnered with Trustly, the global payments platform for digital account-to-account (A2A) transactions, to offer Trustly’s recurring payments method to merchants across global markets.

It has been recently reported that global fines for banks and other financial institutions surged more than 50% in 2022 for failing to prevent money laundering and other financial crime. This has led to $5 billion in fines being handed out. Therefore, it’s perhaps not surprising to see in the news this month that Barclays is being probed by the FCA for suspected persistent failings in its compliance and AML systems. 

SteelEye and LeapXpert have partnered to help financial firms combat the risk associated with the use of unauthorized communications channels.  

Last year, $2 billion in eComms fines were handed out to Wall Street firms for failures in preventing employees from communicating on channels that were not being monitored for compliance.

In 2022, the business sector expanded by 76% compared to the previous year. European P2P consumer lending reduced the pace of growth. 

Mooncascade, the design and software development company, announced a strategic partnership with Salt Edge, the leading provider of open banking solutions.