Propel Holdings Inc., the fintech facilitating access to credit for underserved consumers, today announced it has received regulatory approval from the Office of the Commissioner of Financial Institutions of Puerto Rico ("OCFI") to establish Propel International Bank, Inc. ("Propel Bank"), a wholly owned subsidiary of Propel.

Coremont, a leading provider of real-time, multi-asset class portfolio management software and analytics, today announced a $40 million strategic growth investment from funds managed by Blue Owl Capital (NYSE: OWL), a leading asset manager with $295 billion in assets under management.

Lloyds and WaveBL, a blockchain-based platform for digital trade documents, have successfully completed a digital Letter of Credit (LC) transaction.

The transaction, a Documentary Credit in favour of West Yorkshire-based laboratory equipment business, Labtex, was completed by Lloyds and a major Indian bank. It was executed entirely through the WaveBL platform and demonstrates how digital trade is shifting from long processing cycles to almost real-time execution.

Paymentology, the leading next-generation global issuer-processor, today announced the launch of a new report developed in partnership with Datos Insights: The Global Credit Card Shift: Next-Gen Platforms Bypass Legacy Limits.

The next wave of payments innovation uses tech to put people first, making money movement more secure, smarter and more personal.

Cash or cheque: There hasn’t been a shortage of choice at checkout for decades. But the convergence of several trends, from advances in artificial intelligence to the growth of cryptocurrencies, is expanding options even further — and much faster. This is not only creating new ways to pay but reshaping how money moves, how trust is built and how value is created.

Tink, A Visa Solution, and Fidelity International (“Fidelity”), a global asset manager and retirement savings business, have partnered to enable account top-ups via Pay by Bank – a fast, secure, open banking payment method – for Fidelity’s Personal Investing customers and advised clients on the Fidelity Adviser Solutions platform.  

Worldpay® has announced an expanded partnership with ClubManager, a leading software provider to health and fitness clubs, to power the company’s embedded payments as they continue to grow in the United Kingdom. Since launching in 2008, ClubManager has rapidly expanded its footprint, bringing its intuitive club management platform to over 950 sports and fitness clubs.

Love Finance, the UK’s fastest-growing SME lender and broker, has partnered with iwoca, one of Europe’s leading SME lenders, to make it even easier and quicker for small businesses to access finance. The partnership will see iwoca’s API integrated directly into the Love Finance platform, delivering faster decisions and a seamless journey for SMEs. ​ 

Temenos AG, a global leader in banking technology, today announced the Board of Directors has appointed Takis Spiliopoulos as CEO, effective immediately.

RedotPay, a global stablecoin-based payment fintech, today announced a partnership with Ripple, a financial technology company that offers crypto solutions for businesses to extend its stablecoin payment capabilities.