Virgin Money is entering the buy now, pay later arena through the launch of a credit card that lets customers spread repayments over instalments while building their credit scores.

Virgin becomes the latest bank to move into BNPL, a fast-growing but controversial sector that has recently been buffeted by rising interest rates and the general economic downturn.

Genesis Global, the low-code application development platform purpose-built for financial markets organizations, today announced $20 million in new investments from Bank of America, BNY Mellon and Citi.  These strategic investments follow the firm’s $200 million Series C funding announced in February. 

Currensea, the fintech provider of open banking-powered travel debit cards, has announced the latest partnership in its ‘powered by’ service. Through the partnership, Royal Trinity Hospice, the oldest hospice in the UK and a charity that cares for 2,500 patients each year, is offering a branded card to supporters enabling them to make charitable donations at home and abroad.

TS Imagine, a global leader in trading, portfolio, and risk management solutions for capital markets, has appointed Thomas Bodenski as COO as the firm expands its executive team to support its rapid growth.

Based in New York, COO, Thomas Bodenski will lead the firm’s business operations across TS Imagine’s integrated trading, portfolio, and real-time risk solutions. Thomas was previously Chief Transformation and Data Officer for TS Imagine.

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.