Atom, the UK’s first app-based bank, is collaborating with Plaid,  an Open Finance platform and data network that powers the digital financial ecosystem,  to roll out open banking services to its customers, beginning with offering small business owners a streamlined loan application journey and speedier decisions. Plaid enables customers to securely share their banking data with Atom, enabling a quicker response to lending applications. 

Personetics, the leading global provider of data-driven personalization and customer engagement solutions for banks and financial services providers, today announced it has raised $75m in growth funding from Warburg Pincus LLC, a leading global private equity firm focused on growth investing. Personetics is backed by Viola Ventures, Lightspeed Ventures, Sequoia Capital and Nyca Partners. Terms of the transaction were not disclosed.

Cashfac Technologies (“Cashfac”) the global provider of back office operational cash management software has strengthened its relationship with Curtis Banks Group (“Curtis Banks”).  The new relationship supports the Curtis Banks treasury function, efficiency of the process and has the multibank capability. 

iwoca, one of Europe’s largest small business lenders, is today announcing a UK-first integration with leading small business platform Xero.

BITA Risk, part of corfinancial, announces that Charles Stanley, one of the UK’s leading wealth management firms, has signed up for the BITA ESG Manager application.

Profound have strengthened their board by securing Will Treasure, a co-founder of the highly successful Javelin Group, as chairman.

Will recently stepped down as Director, Javelin Group and Managing Director, Accenture after nearly 22 years, having jointly led Javelin Group from its early days to the successful transition to Accenture UK&I. 

Just one month into 2021 and there is no doubt it is going to be another year of continued disruption. Financial companies have been going hell for leather for the past year to meet new changes in customer needs and behaviours, and this pace of innovation is set to continue.

There was a time, not so long ago, when shopping was straightforward – you chose something, then handed over your cash, cheque, or credit card to pay for it, and walked away with your goods. These days, consumers are faced with a dizzying array of payment options, whether they shop in person or online.

Regulation Drives Innovation 

Ozan Electronic Money Turkey has successfully completed its Visa principal membership process. Ozan Electronic Money Turkey was established to bring individual users together with SMEs on financial services. The recent Visa principal membership is an important step towards this goal and means that Ozan Visa Card users will be able to spend safely anywhere in the world.

"1.7 billion people in the world are still completely unbanked - and billions more are underbanked."