Concept Ventures (Concept), formerly known as RLC Ventures, has launched an oversubscribed £50m pre-seed fund (the Fund) - including a £30m cornerstone commitment from the British Business Bank’s Enterprise Capital Funds (ECF) programme - to close the ever-increasing funding gap at pre-seed and create the largest, dedicated pre-seed fund in the UK.

As more processes move online cybercrime is on the rise, with online banking processes, and particularly the onboarding of new customers, becoming a common target for criminals looking for weaknesses in the system.

InCred and KKR today announced the conclusion of the strategic merger of InCred  Financial Services Limited (“InCred Finance”) and KKR India Financial Services Limited (“KIFS”). 

Virgin Money has launched a new online service called Marketplace where small business banking customers can access a number of different useful services offered by best-in-class digital providers.

TrueLayer, Europe’s leading open banking platform, today announced the availability of TrueLayer Payments for WooCommerce plugin, enabling e-commerce SMBs to seamlessly add instant, secure account-to-account payments to their website. Luxury watch retailer BQ Watches is one of the first businesses to implement payments powered by TrueLayer using the plugin.

The rapid transformation of the payments industry over the past decade has brought banks worldwide to a crossroads.

Temenos and Wipro Limited announced an expanded partnership to help banks of every size accelerate their modernization journey. This expanded partnership will enable banks across varying scales to accelerate their go-to-market strategies in regions including the United States, the U.K and Australia.

On July 13, 2022, CoinW made another major upgrade, announcing that all users of CoinW will not be charged transaction fees when trading in all spot currencies. Zero fees! This is another major breakthrough, after the official announcement on July 5, by the leading Crypto Exchange, that all BTC transactions, will be free of charge. This is not only the first platform in the network to adopt 0 transaction fee for spot trading, but also a long-awaited benefit for platform users.

Atom has appointed Rebecca Cartwright as the bank’s new Chief Risk Officer, replacing Chris Sparks, who is retiring after almost 7 years at the app-based bank.

More than one in ten people in the U.K. (12.1%) have fallen victim to payments fraud in the last four years, according to new research by global payments company ACI Worldwide.