PIMFA, the trade association for wealth management, investment services and the personal investment and financial advice industry, has welcomed the Financial Conduct Authority’s (FCA) proposals for a simplified advice regime to encourage more consumers to seek financial advice and reduce the cost burden of advice for relatively simple financial decisions.

Commerzbank has chosen Nets, part of the European PayTech

AutoRek, a reconciliation and finance automation fintech, today releases the findings of its global payments survey. The survey looked to understand the current issues facing payments firms today, future trends, as well as their perceptions on regulation, compliance and payments reconciliation.

Over the Black Friday and Cyber Monday weekend, Square and Clearpay sellers saw more than 4.3M transactions across the UK as consumers kicked off the holiday shopping season. For a global look, view our complete Black Friday / Cyber Monday Results.

BIC Bank, one of the fastest-growing commercial banks in Cambodia, has successfully migrated its in-house processing centre to Compass Plus Technologies’ award-winning payments platform, TranzAxis. The migration to the new system enables BIC Bank to significantly expand its digital offering, starting with the addition of Mastercard debit cards to its portfolio.

Car repairs payment platform www.bumper.co.uk has raised £26.1 million ($30 million) in investment from its Series A extension round, with automotive giants and venture capitals Autotech Ventures, InMotion Ventures (the investment arm of Jaguar Land Rover), ITOCHU and Revo Capital investing in the automotive fintech start-up.

Trustly, a leading Open Banking provider, today reveals that Open Banking can maximise online returns for retailers this Black Friday Weekend, as in-person shopping remains below pre-pandemic levels.

Enfuce, the European card issuing and processing powerhouse, has won the coveted FF Award for Mobile Payments. Recognised for its fully cloud-based Cards as a Service (CaaS) innovation, Enfuce was selected as winner of the category over Fiserv, Giesecke+Devrient, Vesta Corporation and Wallet Factory.

Zimpler, a leading fintech company born in Sweden, announced today their partnership with Elon – one of the biggest merchants in consumer electronics in the Nordic’s – offering B2B payments solutions to Elon’s customers, in Sweden. After going live with its new solution in March, Zimpler became the first provider in the country to offer instant B2B account-to-account payment in real-time.

Ashman, the ambitious new entrant bank serving small and medium enterprises (SMEs) in the commercial real estate sector, has successfully gone live on Mambu. Ashman is currently leveraging Mambu’s cloud banking platform to manage its loan offering to build speedy, personalised service for conscientious property businesses and entrepreneurs in the UK.