Driven by two complementary, powerful forces - innovation and regulation - open banking is proving to be a seismic shift for payments across Europe.

Reach, cost, conversion, security and user experience - open banking-enabled account-to-account (A2A) payments outperform traditional payment methods in every respect.

Peer Software today announced the formation of a strategic alliance with Pulsar Security.

Solv, a trusted B2B digital marketplace for Micro, Small and Medium Enterprises (MSMEs), raised US$40 million in Series A funding led by marquee investor, SBI Holdings, with participation from SC Ventures, Standard Chartered Bank's innovation, fintech investment and ventures arm. SC Ventures has played a leading role in building and incubating the Solv franchise.

German BaaS provider Raisin Bank is entering the payments industry after agreeing to acquire a Bankhaus August Lenz division. No financial details were given. 

By acquiring the payments business of the German private Bank, Raisin will be able to offer electronic payment transactions and cash solutions to its partners and their clients. 

Pay Later, Revolut's "responsible instalments payment option," will launch this week in Ireland. 

Pay Later will be the first BNPL product in Ireland with an approved credit limit and affordability. Customers won't be limited to select merchant agreements while using Pay Later. In Ireland, where Pay Later will launch first, 1.9 million adults hold a Revolut account. The challenger bank will sell the product in Poland and Romania by 2022. 

New business finance solution aims to alleviate growing demand for working capital in the UK

LONDON, JUNE 2022:

Cion Digital, developers of the first enterprise SaaS blockchain orchestration platform, announced today the appointment of senior executive Sundar Nagarathnam as Chief Operating Officer (COO). Sundar will play a dynamic role in accelerating execution and innovation as the company executes on its growth and expansion goals. 

According to data from the global investment trading platform, Capital.com, 38% of trades placed by its clients so far this quarter are short, which is 15% higher compared to the same period last year.

Applying emerging quantum technology to challenges across the financial services industry is viewed by many to be hugely advantageous for first movers. From being able to effectively analyse large or unstructured data sets, to having the technological power to react faster to market volatility, or being able to rapidly anticipate customer behaviours to deliver personalised products, tapping into the power of quantum technology is anticipated to be transformative.