Toqio, a leading SaaS financial orchestration platform for businesses, has partnered with Visa, a leading global digital payments company, to provide payment solutions to businesses that by their nature do not offer financial services. The objective is for these corporations to improve their value proposition to their distribution networks by providing them with access to greater liquidity.
 

The payment landscape in Europe is diverse and complex, shaped by regional preferences and technological advancements. In the first half of 2023, 30 retail payment methods within the Euro area processed around 29.8 billion transactions with a combined value of €23.6 trillion.

GDS Link, a leading player in credit risk management, is pleased to announce a partnership with the open banking provider, Atto. GDS Link will use Atto’s data and insights to enhance credit decision processes for global financial institutions.

Smart money app Plum has raised £13.4m in funding from institutional investors, including a second tranche of investment from strategic partner Eurobank. New anchor investor iGrow Venture Capital has joined the round, alongside previous investors including Venture Friends and Ventura Capital.

FINOM, the leading European digital banking solution for SMEs and entrepreneurs, today announced the launch of SEPA Direct Debit B2B (SDD B2B) for its customers. This service is now available in all countries where FINOM provides local IBAN accounts through its own Electronic Money Institution (EMI) license. This new feature complements FINOM's existing SEPA Direct Debit Core offering, providing a more comprehensive suite of payment options for businesses of all sizes.

Bank payment company GoCardless has announced a partnership with OMS, the seamless single-input enquiry to completion processing platform for brokers, to simplify and accelerate the payment process for its ever-growing user base.

Brex, the AI-powered spend platform, today announced that Sibongile Ngako has joined the company as its Chief Compliance Officer. Sibongile brings over 20 years of experience as a compliance and risk management executive and joins most recently from Affirm, a leading payments company, where she served as Vice President of Compliance. Sibongile's appointment will further Brex's ongoing commitment to ensuring it continues to meet the highest regulatory standards for its business.

Jack Henry™ is pleased to share that Craft Bank, RockPointBank, and Moultrie Bank & Trust have experienced significant growth in recent years, powered by Jack Henry's modern and open technology platform.

The Federal Reserve Board on Friday took action to address consumer compliance breakdowns by Green Dot, fining the firm $44 million for numerous unfair and deceptive practices and a deficient consumer compliance risk management program.