Chip, the digital savings account, has launched the ‘OnlyFunds’ hotline, a free phone line inspired by the adult hotlines of the 80s and 90s, to help consumers say no to impulse buying and encourage saving this Black Friday and Cyber Monday. The fintech’s tongue-in-cheek hotline is free to call on 0800-07-89-574, and more information can be found on OnlyFunds.uk.

Mobile purchases will spur digital commerce growth, while smartphones become Latin Americans' new cash pocket, as shown by EBANX's Beyond Borders 2021/2022 study

Funding round led by new investor Atalaya Capital Management, alongside  Allica’s existing lead investor Warwick Capital Partners 

New funding will support Allica’s continued scaling as well as acquisition  of AIB SME lending portfolio 

Allica Bank, the leading fintech SME challenger bank, announces a £110m Series B funding  round led by Atalaya Capital Management*, alongside existing lead investor Warwick Capital  Partners. 

UnionPay, the card scheme with the world’s largest cardholder base, today announces that it has signed a new market development agreement with Nets, a leading payment services provider in the Nordics with a strong footprint across Europe as part of leading European PayTech Nexi Group.

For the fifth consecutive year, FICO is the Innovation category leader

Highlights:

This won’t be the first Open Banking article you’ve read over the last couple of years. Speculation about Open Banking changing financial services has been dominating the trade press for years. While some interesting services have been developed, nothing has really shaken the industry and changed the direction. However, there are clearer signs that we are about to see Open Banking begin to alter the course of the industry and reset the way it operates. 

Investment, opportunity and risks

Lightweight, cost-effective release management solution is ideal for small to mid-sized businesses delivering digital experiences in the cloud

Copado Essentials allows Salesforce customers to get started for free on their DevOps journey.

Overcoming global construction and supply chain constraints, SUPERNAP Italia shows what’s possible in Milan. 

SUPERNAP Italia (“SUPERNAP” or the “Company”) today announced the opening of its second data center on its Milan (Siziano) campus. The new facility, comprised of two independent data halls, brings the Company’s active campus to 100,000 square meters and 40 MW of power. 

Summary: The Turkish Lira plunged anew, this time sinking 15% against the US Dollar (USD/TRY to 13.45) dragging Asian and EMFX lower. At the close of trading in New York, the USD/TRY pair settled at 12.75, for a loss of 12%. Turkish President Tayyip Erdogan shrugged off criticism and defended his recent decision to cut rates. Against the major currencies, the Greenback finished mixed. US government bond yields extended their moves higher, lifting global treasury rates. The benchmark US 10-year bond rate climbed to 1.66% from 1.63% yesterday.

• Dashboard will provide overview of vulnerability across the whole client base to improve insight into customer outcomes and how they can be improved
• The dashboard will be invaluable for firms reporting back to the Financial Conduct Authority, especially ahead of new regulations in 2022