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British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, today announces a new £30m Tier 2 capital facility for a challenger bank, Allica Bank. Allica Bank has been lending to smaller businesses since March 2020, committing over £560m in loan offers in 2021 and is set to offer £1 billion to smaller businesses in 2022.
Imperva, Inc., the comprehensive digital security leader on a mission to help organizations protect their data and all paths to it, warns that Account Takeover (ATO) attacks are surging in the wake of the growing popularity of ‘Buy Now, Pay Later’ (BNPL).
Clausematch, a global RegTech company automating policy management and compliance for regulated industries, today announced the close of a US$10.8M strategic funding round led by Lytical Ventures and joined by Flashpoint and Sony Innovation Fund. The new financing will be used to increase the company’s commercial activities in the US and invest in its product, technology and data science teams. The new funds bring the total investment to date to over US$20M.
As time goes more and more businesses from numerous industries start to partner with fintech companies. Banks are no exception. Wallester is one of the most prominent companies in Fintech, which provides banks with advantageous services. More specifically, Wallester is the while label card company, which furnishes businesses with beneficial goods.
Isavella Frangou, VP Sales and Marketing at payabl. speaks with Financial IT at Money 2020 Europe about the importance of globalising payments and how Payabl. empowers merchants to manage transactions on a global scale.
Treasury and technology teams from fourteen large banking groups, including NatWest Group, BNY Mellon’s corporate treasury function, Barclays, Citi and 10 additional banks have trialled a platform by London-based fintech Finteum. The solution helps banks to manage intraday liquidity through the development of new interbank markets. The platform will go live in 2023.
