PayU, the leading online payment service provider operating in 50 high-growth markets, today announces the appointment of Keren Ben Zvi as Head of Data of the Global Payment Organization.
With over 15 years of experience in data strategy, Keren specialises in business analytics, machine learning and data architecture. Prior to joining PayU she served as Vice President of Data at Perion, a global technology innovator in the digital advertising ecosystem.  

Goji, an FCA-regulated, UK-based technology provider that offers investors digital access to alternative investments, today announced its partnership with global financial services provider Apex Group Ltd. (“Apex Group”) to enable alternative asset management clients to seamlessly manage all stages of the investor lifecycle.

BNY Mellon and Baton Systems (“Baton”), the global fintech digitally transforming post-trade processing using distributed ledger technology (DLT), announced today a new collaboration to integrate Baton’s market-leading Core-Collateral™solution into BNY Mellon’s collateral management platform.

Two of Sweden’s fastest-growing fintech companies are joining forces in a partnership to provide easier and more accessible growth financing for retailers that import goods. A unique, simple, and completely digital credit scoring process enables small and medium-sized businesses to quickly get financing with fair terms and rates. The partnership will launch in Sweden and the UK, with the ambition to expand across Europe.

Spice Money (subsidiary of DiGiSPICE Technologies), India’s leading rural fintech, which is revolutionizing the way Bharat banks, announced the appointment of new board members, Mrutyunjay Mahapatra and Veena Mankar.  Mruntyunjay and Veena, with their rich expertise and experience spanning across decades, will enable Spice Money to be at the forefront of the rural fintech revolution bringing digital financial accessibility to India’s unbanked and underserved population.

Tide, the UK’s leading SME-focused business financial platform announced today the launch of the Tide app in India. The business financial platform has introduced two business banking solutions – the Tide Business Account and its RuPay-powered Tide Expense Card. Tide aims to onboard half a million SMEs in India over the next 24 months.

Global private market exchange ADDX has fractionalised a venture debt fund by Innoven Capital, bringing down the minimum subscription size for individual accredited investors to US$20,000, from US$5 million. Innoven is a joint venture between Seviora Holdings – a wholly owned subsidiary of Temasek Holdings – and UOB.

Today, Australia’s largest retail floor covering specialist, Carpet Court and Australian Fintech, Spenda announce a partnership which will see the rollout of Spenda’s bespoke software and payments platform across the Carpet Court member network of more than 200 franchise stores to deliver business efficiencies through software and payment services.

1. The cost of living crisis will urge banks to revamp their digital banking offering

To say that 2022 has been a turbulent year is quite an understatement. While the energy crisis has driven high levels of inflation, causing people around the world to face higher costs of living, banks are now bracing for even tougher economic conditions and a possible global recession in 2023.

When comparing to last year’s spending habits, 52% of consumers are more likely to or are already using Buy Now Pay Later (BNPL) services, according to new research from international payment service provider and direct bank acquirer, ECOMMPAY. The data reveals that a quarter of consumers (25%), more conscious of their spending habits during the cost of living crisis, are more likely to use BNPL for festive purchases this year, whilst 27% of shoppers are already using the payment option.