Splitwise, a popular app for sharing bills and expenses, and Tink, a market-leading payment services and data enrichment platform, have partnered to bring Pay by Bank to Splitwise users. This enables millions of Splitwise users to initiate direct payments to friends and family from within the Splitwise app. 

SmartSearch, the UK’s leading provider of digital compliance and anti-money laundering (AML) solutions, today announces the appointment of Phil Cotter to the position of Chief Executive Officer.

Basware, a global leader in AP automation and invoice processing, has introduced AP Protect, an AI-powered solution that empowers finance teams to protect their organisations from the threat of profit loss, invoice errors and fraud. 

IT financial management involves managing and optimizing the financial resources related to information technology within an organization. This role is crucial for ensuring that IT investments align with business objectives and deliver value, especially as IT departments are going through various transformations and strategic decisions: upgrading or changing IT solutions, integrating Cloud solutions, new analytics and technologies, externalizing IT services or running Cost centers etc.

Manchester-based innovative fintech Ryft, announces a new partnership with Clearhaus, allowing the Danish acquirer to leverage its technology solutions and cater to digital platforms and marketplaces. 

Clearstream, Deutsche Börse’s post-trade business, intends to invest in Digital Vault Services (DVS), a pioneering fintech offering issuance and safekeeping services for digital bank guarantees and sureties in Europe. The investment is subject to applicable regulatory approvals and finalisation of legal documentation.

Kamina, the Ecuadorian Startup that combats people's debt in Latin America by combining technology with financial education, has announced its recent capital raising in a pre-seed round, reaching the highest figure recorded in the country and positioning itself as one of the largest at the regional level during the last year. 

Ramp has completed a $150 million Series D-2 funding round, raising the company’s valuation to $7.65 billion. This round was co-led by Khosla Ventures and Founders Fund, with additional new investors Sequoia Capital, Greylock, and 8VC. Investors: Thrive Capital, General Catalyst, Sands Capital, D1 Capital Partners, Lux Capital, Iconiq Capital, Definition Capital, Contrary Capital, and more are doubling down.

Banks, non-banks, and fintechs have roughly one year to prepare for the forthcoming Payment Services Directive (PSD3), Payment Services Regulation (PSR), and the Financial Data Access framework. (FIDA). These regulatory developments will fundamentally reshape the way these players work operate on a pan-European level, while aiming to level the playing field between banks and non-banks, in particular by giving non-bank payment service providers access to all EU payment systems.