ClearBank, the enabler of real-time clearing and embedded banking, has today announced the opening of its new London headquarters at Broadgate Tower in the City. The move represents an important step for the fintech, which now holds £18bn in customer deposits as it continues to scale and expand its footprint.
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New research from Visa shows that our relationship with numbers is changing, with technology all but removing the need to memorise them.
According to Visa’s study of 2,000 consumers in the UK, a majority (58%) of the consumers surveyed say that they hardly ever have to remember numbers anymore. This is found to be particularly true amongst younger generations:
Burst (formerly Float), the healthcare payments platform that helps retailers and wellness brands unlock billions in untapped FSA and HSA spending, today announced it has raised $3 million in total funding, including a $2.1 million seed round led by Pear VC with participation from Rock Health Capital, Alumni Ventures, and others. The capital will accelerate product development and fuel partnerships with retailers, e-commerce brands, and plan administrators looking to capture more health spending.
Syfe, Asia-Pacific’s leading digital wealth platform with well over US$10 billion in assets under management (AUM), today announced a strategic collaboration with J.P. Morgan Asset Management (JPMAM), the world’s largest active ETF manager1. The collaboration marks the first time a digital wealth platform in Singapore will offer JPMAM’s institutional active ETF strategy, available on the Syfe platform as the Equity Alpha portfolio powered by J.P. Morgan Asset Management (‘Equity Alpha’).
Payoneer, the global financial technology company powering business growth across borders, today announced that it has filed an application with the Office of the Comptroller of the Currency (OCC) to establish PAYO Digital Bank, N.A., a national trust bank designed to support stablecoin-enabled infrastructure for global businesses.
Klarna, the global digital bank and flexible payments provider, is seeing a sharp rise in both monthly and daily app usage, as more consumers use the global digital bank’s services as part of their everyday money management.
DailyPay, the leader in On-Demand Pay, has announced its partnership with GoTo Foods, a global developer of multi-channel foodservice brands. With this partnership, DailyPay will serve as the sole preferred On-Demand Pay vendor for GoTo Foods’ franchise network.
TerraPay, a global money movement company, today announced its partnership with Raenest, a leading global fintech platform built for freelancers, creators, remote workers, and digital-first businesses. This collaboration supports Raenest’s expansion into India and the Philippines, enabling faster and reliable payouts in local currencies into these markets.
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