Financial institutions are spending millions of dollars every year inefficiently onboarding and maintaining clients, according to new research from Fenergo, the leading provider of Know Your Customer (KYC) and Client Lifecycle Management (CLM) software solutions for financial institutions.

Today, at Stellar’s 4th annual Meridian conference, Wirex, a leading payments platform, announced the launch of USD Coin (USDC) on the Stellar blockchain within the Wirex app. In addition to expanding access to Stellar-based digital assets, this announcement is an important milestone in an ongoing collaboration between Wirex and the development of the Stellar Development Foundation (SDF), the non-profit organisation that supports the growth and development of the Stellar network.

Third Financial, the investment platform trusted by more than 70 wealth managers and IFAs, has developed a market-leading 2-way integration with intelliflo office (io), as part of Third’s efforts to help advisers simplify and scale their businesses.

Worldline, a global leader in payments services, has joined forces with NPCI International Payments Ltd. (NIPL), the international arm of National Payments Corporation of India (NPCI) – the driver of digital payments in India - in a move to expand the acceptance of Indian payment means across Europe.

Bank of America today announced the launch of an expanded CashPro Payment API through which clients can access more than 350 payment types and bundle payments. The development comes as Application Programming Interfaces (APIs) continue to transform business-to-business (B2B) and business-to-consumer (B2C) transactions given the ability of APIs to provide real-time data, reduce costs and improve operational efficiencies.

LHV UK (the ‘Company’) announces that it has agreed on commercial terms to acquire Bank North’s Small Medium Enterprise (‘SME’) lending business. This transaction enables the Company to accelerate its strategy to expand to servicing SMEs. Powered by 14 years of consecutive growth, lending to SMEs has been one of the core business areas for LHV Group (the ‘Group’), LHV UK’s parent company and an investor in Bank North.

Global tennis megastar and venture capitalist Serena Williams will join J.P. Morgan's Global Head of Payments, Takis Georgakopoulos for a fireside chat at this year’s Money20/20.

The tennis legend recently shared the news that she's hanging up her racket to focus on her venture capital firm Serena Ventures. Since 2014, Williams’ firm has been funding diverse companies across all industries, including fintech and payments.

Mastercard, the global payments technology company, and PostePay, part of the Poste Italiane Group, today announced they are working together to launch a “Request to Pay” (RTP) solution in Italy.

Equifax and PrinSix have facilitated an Open Banking solution for KCOM, a Yorkshire-based broadband provider, to create the UK’s first internet service provider (ISP) accepting applications for a social tariff online.  

PayNearby, India’s leading branchless banking and digital network, recently announced two strategic leadership hiring to further strengthen and expand its Distribution-as-a-Service (DaaS) network. The company has appointed Vishal Khanna as the ‘National Head of Sales’ and Alok Jha, as the ‘Head of Strategic Initiatives’.