Avaloq, a leader in private banking, wealth management and investment management technology, has inaugurated its new regional office in the Dubai International Financial Centre (DIFC). This strategic expansion follows the signing of InvestGB, the wealth and investment management arm of Gulf Bank, and the recent addition of another major client in the Gulf Cooperation Council (GCC) area.

xpate, an Electronic Money Institution (EMI) that provides payment services, has become the first non-banking entity in Latvia to integrate and gain direct access to Latvijas Banka’s Electronic Clearing System (EKS) for processing SEPA payments. Previously, access to the EKS was a privilege of classic banks.

WooCommerce, the flexible, open-source ecommerce solution built on WordPress, today announced that it has expanded its partnership with Affirm Holdings, Inc., the payment network that empowers consumers and helps merchants drive growth, by launching their services in the U.K.

Europeans are increasingly willing to switch online payment methods to access greater speed, convenience and security when shopping, new research from leading European financial technology provider, payabl., finds.  

PayPoint today announces a new partnerships with major brands, Uber and Deliveroo, to expand its digital voucher service for retail partners. The partnerships will see retailers across the PayPoint network now offering customers the option to purchase new digital vouchers.

Tandem Bank – the UK’s greener digital bank – today publishes its latest annual report, revealing  profitability up 40% with underlying profit reaching £24.1m, revenue up over 9% to £98.7m and AUM  growing 5.2% to over £1.5bn. 

Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, today announced the UK launch of Prime One Tech; professional indemnity and cyber coverage for technology companies with up to £1 billion in annual turnover, providing limits of up to £5 million.

Zopa, the British digital bank pioneer with more than 1.4 million customers, today reports its second full year of profitability.

Doubling (2x) profit before tax to £34.2 million for the financial year ending 31 December 2024, the milestone underscores Zopa Bank’s remarkable trajectory since launching in 2020. Including share-based payments, PBT in 2024 was £31.6 million compared to £15.8 million in 2023.

Jarvis, a pension fintech that empowers employees to actively plan for their retirement, has launched a free pensions tracing tool to help individuals recover lost or forgotten money from previous roles — offering a potential lifeline to the 3.3 million unclaimed pension pots in the UK. 

Weavr, a provider of embedded finance solutions, has partnered with global accounting leader Paperchase to integrate its Embedded Payment Run (EPR) solution into Paperchase’s platform. This first-of-its-kind solution is designed to eliminate the pain of Accounts Payable (AP) processes and boost efficiency.