The Prudential Regulation Authority (PRA) has today proposed to raise the deposit protection limit of the Financial Services Compensation Scheme (FSCS) from £85,000 to £110,000.

The deposit protection limit – which represents the maximum amount of money the FSCS typically protects should a depositor’s bank, building society or credit union become insolvent – has been set at £85,000 since 2017.

Bank payment company GoCardless has strengthened its partnership team with two strategic hires, accelerating its path to profitability through its indirect go-to-market channel.

Imprint, the leading provider of modern co-branded credit cards, today announced the closing of a $500 million warehouse facility led by Mizuho, Truist Bank, and HSBC. This facility brings Imprint’s total lending capacity to approximately $1 billion, enabling Imprint to increase lending to the iconic partner brands in its portfolio, as well as the numerous brand partnerships in the pipeline.

United Fintech has appointed Anders Peter Kierbye Johansen as Chief People Officer (CPO), stepping into the Executive Leadership Team. In this newly created role, Anders will drive the group’s people strategy, supporting the company's rapid growth across its global offices in London, Copenhagen, New York, Singapore, Dubai, Madrid, Berlin, Craiova, and Oslo.

WeeFin, the sustainable fintech that helps financial institutions manage their sustainability strategies, has announced a new round of financing totalling €25 million. The funding round, which completed 15 months after WeeFin’s Series A, is led by BlackFin Capital Partners, a leading European fintech fund, alongside existing investors IRIS, Asterion Ventures and Ring Capital.

Glia, the leader in customer interaction technology, today announced Glia Virtual Assistant (GVA) Learning 360, a first-of-its-kind AI solution that learns how a contact center’s best agents would respond to a customer request and uses the intelligence to automatically generate answers for their GVA—significantly advancing beyond industry-standard AI virtual assistants that rely solely on written documents.

Jack Henry™  announced today that Border Bank selected Jack Henry to upgrade its technology infrastructure. The decision was made to prepare the bank for growth and future needs, including improved customer experience and operational efficiencies.

NCR Atleos Corporation, a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced that Oak Ridge, Tenn.-based Y-12 Federal Credit Union (Y-12 FCU) is revolutionizing member service with advanced technology through its relationship with Atleos.

Finastra, a global provider of financial software applications, announced its leading cloud-based loan document preparation system, LaserPro, is now offering enhanced features and is seeing widespread adoption by community-based financial institutions.

Mollie, one of Europe’s fastest-growing financial service providers, sought a reliable partner to launch their own instant, account-to-account payment solution for its merchants.