Today the Nordic-based payment service provider Avarda chose European open banking leader Aiia, a Mastercard company, to enable open banking payments through its white-label payment solutions for a wide range of retailers and merchants.

Powered by Mastercard’s global open banking platform, Avarda provides online shoppers with a more hassle-free checkout experience. 

Move expands Jumio’s global footprint, further positions company at the heart of the region’s financial center

Currencycloud, the experts simplifying business in a multi-currency world, has launched Weekend FX, providing clients with the ability to offer competitive FX rates 24/7, even after the markets close on a Friday evening.

ITS is driven to see its clients succeed in Islamic finance, increase their returns and optimize cost control.

With this in mind, ITS is delighted to exclusively sponsor the African Islamic Finance Summit on March 23, 2022, in The Gambia and to have the opportunity to meet many of its clients, partners, and potential customers.

Award winning Software developer bootcamp Makers  today announced the opening for submissions to the UK’s Women in Software Awards 2022. Aimed at the talented women of the coding community, it spotlights 20 emerging leaders across software development and the amazing work they do. Focusing on what they’ve achieved rather than where they are in their careers, the list aims to celebrate the progress, impact, and innovation of talented women in tech.

A bundled innovative account and payment card solution is now available for banks and neo-banks

Worldline [Euronext: WLN], a global leader in payments services, has entered a partnership with Mainsys Financial Software, a Belgian IT company that offers comprehensive banking solutions. The joint solution has been recently rolled out for the first time to manage co-badged Visa Debit-Bancontact cards.

Cynergy Bank’s North Office celebrates its five-year anniversary by posting record lending volumes for 2021. Opened in May 2017, with just two employees, the Manchester office ended 2021 having advanced over £150m of new lending last year alone. The team, based in the Spinningfields District of Manchester, now comprises 30 employees. This includes a team of 10 lending into the Property and Commercial sectors and 20 employees focused on asset-based lending through its subsidiary Cynergy Business Finance, which began operating mid-way through 2021.

The Chartered Institute for Securities & Investment (CISI) is pleased to announce the appointment of Katie Errock ACSI as President of the CISI’s Isle of Man branch.

Katie Errock has over 12 years of experience across financial services and investment management, for a variety of internationally regulated firms on the Isle of Man.

In 2021 she joined Burnbrae Limited as Company Secretary, with responsibility for corporate governance spanning a variety of listed and unlisted entities.

Limited window for banks to leverage higher trust advantage and compete with Fintechs

Millions of consumers globally are now choosing Buy Now Pay Later (BNPL) services as a more responsible way to manage the cost of their online and in-store purchases according to their own cash flow, compared to alternatives like credit cards.

“A big morning for the Egyptian Pound today; the Central Bank of Egypt has unexpectedly raised interest rates by 100 basis points in a surprise meeting held this morning. The move comes as the world’s top wheat importer reels from the spike in commodity prices induced by the Russian invasion of Ukraine. The Central Bank also stressed a need for flexibility in the currency to ‘act as a shock absorber to preserve Egypt’s competitiveness. The comments have led to a sharp devaluation of the Egyptian pound, currently trading 10% lower than Thursday's close at 17.42”