Modulr, the Payments as a Service API platform for digital businesses, has today announced it has become one of a few non-bank Payment Service Provider (PSP) participants of Bacs, the Pay.UK-operated payment system. The move sees Modulr take full control of its Bacs payment flows and removes any reliance on third-party banking partners. 

The move will provide its clients with a direct solution and deliver an easier, simpler and more reliable service. It will also lead to reduced operational costs, allowing Modulr to pass on cost savings directly to customers. 

Today, leading payments provider Klarna announces a major expansion of its partnership with the UK’s largest footwear retailer, schuh. With Klarna’s payment products already live on the schuh websites in the UK and Germany, the extended partnership means that Klarna’s Pay in 3 will now be available in-store. 

Klarna and schuh’s drive to deliver in-store

schuh will become one of the first major retailers to roll-out Klarna’s Pay in 3 service across its store portfolio in the UK, available at over 110 stores before Christmas. 

EastWest Banking Corporation (EastWest) has selected Wolters Kluwer’s OneSumX for Risk Management to manage its Market Risk and Asset and Liability Management (ALM) requirements. The Philippines-based bank will implement the solutions to work alongside other Wolters Kluwer software modules, including OneSumX for Finance, which it has used for many years.

DASH Financial Technologies, the industry’s leading capital markets technology and execution provider, today announced the addition of Steven Bonanno as Chief Information Officer. Reporting directly to CEO Peter Maragos, Mr. Bonanno will be responsible for DASH’s I.T. infrastructure and technology platform operations.

Stratis, an enterprise blockchain technology company, has today released its Security Token Offering (STO) platform, allowing businesses to raise capital by issuing legally permissible, asset-backed securities on the Stratis blockchain.

Sberbank and National Settlement Depository (NSD) have signed a technological partnership agreement for financial message exchange via NSD’s Transit 2.0 platform. Under the agreement, corporate clients will be able to automate electronic interactions with Sberbank via FinTech API using NSD’s Transit 2.0 platform. Oil and Gas Company SLAVNEFT is the joint service’s first client.

Investors in Assetz Capital have collectively earned £100 million to date in total gross interest.

Founded in the wake of the financial crisis in 2013, the marketplace lender has amassed a community of over 37,000 investors to its platform, ranging from banks and institutional lenders to businesses and retail investors.

It’s been a record year for Assetz Capital, which has seen almost £100m invested into its Innovative Finance ISA (IFISA) wrapped accounts. The marketplace lender is also poised to celebrate £1 billion lent to UK businesses to date.

Global technology consultancy DataArt has announced a successful partnership with METRO Markets, the online B2B marketplace with ambitions to become the biggest in Europe. METRO Markets is a subsidiary of German multinational wholesale company and food specialist Metro AG.

DataArt partnered with METRO Markets, Metro AG’s technology-driven e-commerce venture, to provide a next generation e-commerce ERP system. The solution is highly scalable and automated - from electronic contract management, intelligent pricing and order routing to efficient accounts payable processes.