ALT/AVE (www.altave.co.uk), the London-based RegTech startup that uses distributed ledger technology to combat the masses of paper waste in banking, today announces that it has raised a combined total of £535,000 in new growth capital.

Funding Options, the leading marketplace for business finance, has launched Funding Cloud (™), a technology and data-driven platform that will bring unparalleled scale and speed to the SME finance sector.

The Domestic Payments Schemes Jury today releases its 2021 report titled: “To Survive or Thrive? Domestic Payments Innovation in the Pandemic" revealing that while many domestic payment organisations had to make some adjustments to their innovation programmes due to the pandemic, 36% reported that the pandemic had ultimately led to an increase in their innovation activities. 

The use of fintech apps has increased more than 61% since the pandemic started last year, reveals deVere Group, one of the world’s largest independent financial advisory and fintech organisations.
The jump comes as financial technology apps show further evidence that the way we manage our finances further shifted in light of the coronavirus pandemic.
James Green, deVere Group’s Divisional Manager of Europe, notes: “Pre-coronavirus, we were already in an exciting new era driven by the lightning pace of the digitalisation of our everyday lives.

GoCardless, a leading fintech for bank-to-bank payments, has today launched Instant Bank Pay, a new open banking feature directly integrated into its global payment platform. With Instant Bank Pay, merchants can take instant, one-off bank-to-bank payments from new and existing customers while still reaping the benefits of bank debit for their recurring payments.

Worldline, the European leader in the payments and transactional services industry and number 4 worldwide, today announced it has partnered with the International Air Transport Association (IATA) to give all their member airlines access to a wider range of payment solutions to better serve their passengers. All of Worldline’s payment capabilities and services will be made available through IATA Financial Gateway (IFG).

To enable it to keep up with its projected business growth, National Commercial Bank (NCB) in Vietnam has migrated its in-house processing centre to TranzAxis, an open development payments platform, from Compass Plus.

FSS (Financial Software and Systems), a globally leading provider of integrated payment products and India’s largest payments processor, and NPCI International Payments Ltd (NIPL, International arm of National Payment Corporation of India), have signed a strategic partnership to expand UPI (Unified Payment Interface) rails in international markets.

ComplyAdvantage, a global data technology company transforming financial crime detection, today announced a new early-stage anti-money laundering (AML) program aimed at growth-focused startups called ComplyLaunch™.

SEON, the fraud fighters, today announces the launch of its new office in Austin, Texas. The move marks the company’s expansion in the North American market, as it adds strategic new hires to better serve its customers and continues its mission to remove the barriers to fraud prevention around the globe.