Fintech super-app Revolut is taking on PayPal with its own one-click payment checkout feature for online purchases.

UK and EEA merchants can now present ‘Revolut Pay’ as a payment method - alongside the likes of PayPal and Apple Pay - across product, cart, and checkout pages. Shopify, Prestashop, WH Smith and Funky Pigeon are already onboard.

PayPal today announced that John Kim will join the company as Executive Vice President (EVP), Chief Product Officer (CPO), effective September 26, 2022.

Aurora Payments, LLC is thrilled to announce the acquisition of One Payment, a Florida-based fintech payment company. Co-founded by Luis Requejo and Jorge Calzadilla, One Payment boasts over 6,000 merchants in its portfolio with particular emphasis on minority-owned small and medium-sized businesses.

Jordan-based Fintech liwwa closed an $18.5 million pre-Series B round of equity and debt. Founded in 2015, liwwa employs technology across its operations to provide tailored financial solutions. It also owns and operates the liwwa Investment Platform, a peer-to-peer platform that enables retail investors to finance liwwa loans and earn returns. 

Payments Council of India (PCI), the representative body of digital payment system participants in India welcomes the steps outlined to prevent operations of illegal loan apps, resulting from the meeting held on 8^th September 2022. During the meeting, the Finance Minister expressed the concerns arising out of illegal loan apps offering loans and microcredits to vulnerable/low-income groups and exploiting these groups through various illicit practices.

Accountancy, both in industry and practice, looks to automation as a pathway to its future, according to a survey of accounting professionals by Moss, a new fintech specialising in transforming the finance management of small to medium enterprises (SMEs) launching in the UK today. More than half of respondents (57%) predict that accountancy will become completely cloud-based or automated within the next few years as the sector embraces greater levels of innovation.

Last night was intelliflo’s first time at the Wealthie awards and we’re excited to have won the 2022 WealthManagement.com Industry Award (‘Wealthie’) for Rebalancing for our RedBlack solution.

Murex, the global leader in trading, risk management and processing solutions for capital markets, has integrated with ICE Data Services, which is part of Intercontinental Exchange, to offer a more efficient workflow for accessing ICE’s fixed income and derivatives data via the MX.3 platform.

The day after it emerged that a funding round for Freetrade fell apart earlier this year, the UK stock trading app has gone back to the public with another crowdfunding campaign.

Several months ago, Freetrade signed term sheets with new investors to raise money at a £700 million valuation, according to a letter obtained by the Financial Times.

FNZ, the global wealth management platform, today announced that it has agreed to acquire DIAMOS AG, the specialised wealthtech provider for the asset and wealth management industry, to further enhance its global wealth management platform.

The acquisition will strengthen FNZ’s global client proposition by adding advanced product and service solutions to its existing end-to-end wealth management platform.