Fast-growing fintech SaaS provider Toqio announced today it has closed €20 million in funding to become the platform of choice for creating new fintech solutions.  The €18.7M Series A investment was led by AlbionVC and includes Aldea Ventures, as well as previous investors Seaya, Speedinvest, SIX FinTech Ventures and angel investors, including Leandro Sigman, Board Member at Endea

Europe’s leading open banking platform Tink is urging lenders to prioritise upgrading creditworthiness assessment models to ensure more accurate lending decisions.

Horizon Software (Horizon), a leading provider of electronic trading solutions and algorithmic technology, is pleased to announce the opening of its Singapore office to bolster more sales in the region. Horizon already has 5 clients located in Singapore and the clients’ base is witnessing significant growth in the APAC region.
 

The pandemic highlighted a “digital divide” between organisations that had already invested in digital systems in their financial operations and those that had not. The advent of agile technology, automation, and machine learning have served to eliminate monotonous manual tasks from core processes, freeing up finance professionals to strategise and focus on driving business growth. However, implementing the right steps towards financial ‘freedom’ may be its own challenge. So, what does the journey into automated finance systems look like?

Northteq, Inc. a leading provider of Salesforce origination solutions announced today that Finova Capital, LLC, an industry leader in equipment financing and small business lending, has integrated Northteq’s Aurora Loan Origination System (LOS) and Aurora Partner Portal with its Merchant CashTap platform to create an enhanced small business lending experience.

A recent whitepaper issued by The Payments Association shows how virtual cards offer strategic opportunities for companies. It also explores how the payment method can empower businesses to adapt to fast-changing market conditions, take control of expenditure, and uncover unique business intelligence insights that will elevate them above their competitors.
 

Quaint Oak Bank and Teslar Software today announced their partnership to enhance the bank’s commercial lending strategy. The $750 million-asset community bank will leverage Teslar’s full suite of automated workflow and portfolio management tools to improve the lending process for both lenders and borrowers.

Nova Credit, the world’s leading consumer-permissioned credit bureau, today announced that it has partnered with HSBC to provide the bank with global access to its cross-border credit data product, Credit Passport®, creating more opportunities for credit access to cross-border customers across the globe.

On 16 June 2022, the Financial Conduct Authority (FCA) wrote to the leaders of more than 3,500 lenders to remind them of the standards they should meet as consumers across the country are affected by the rising cost of living.

The ‘Dear CEO' letter to firms across the financial services sector, which included all regulated and non-regulated Buy Now Pay Later operators, was to remind them of their obligations regarding the fair treatment of customers.