A bundled innovative account and payment card solution is now available for banks and neo-banks

Worldline [Euronext: WLN], a global leader in payments services, has entered a partnership with Mainsys Financial Software, a Belgian IT company that offers comprehensive banking solutions. The joint solution has been recently rolled out for the first time to manage co-badged Visa Debit-Bancontact cards.

Cynergy Bank’s North Office celebrates its five-year anniversary by posting record lending volumes for 2021. Opened in May 2017, with just two employees, the Manchester office ended 2021 having advanced over £150m of new lending last year alone. The team, based in the Spinningfields District of Manchester, now comprises 30 employees. This includes a team of 10 lending into the Property and Commercial sectors and 20 employees focused on asset-based lending through its subsidiary Cynergy Business Finance, which began operating mid-way through 2021.

The Chartered Institute for Securities & Investment (CISI) is pleased to announce the appointment of Katie Errock ACSI as President of the CISI’s Isle of Man branch.

Katie Errock has over 12 years of experience across financial services and investment management, for a variety of internationally regulated firms on the Isle of Man.

In 2021 she joined Burnbrae Limited as Company Secretary, with responsibility for corporate governance spanning a variety of listed and unlisted entities.

Limited window for banks to leverage higher trust advantage and compete with Fintechs

Millions of consumers globally are now choosing Buy Now Pay Later (BNPL) services as a more responsible way to manage the cost of their online and in-store purchases according to their own cash flow, compared to alternatives like credit cards.

“A big morning for the Egyptian Pound today; the Central Bank of Egypt has unexpectedly raised interest rates by 100 basis points in a surprise meeting held this morning. The move comes as the world’s top wheat importer reels from the spike in commodity prices induced by the Russian invasion of Ukraine. The Central Bank also stressed a need for flexibility in the currency to ‘act as a shock absorber to preserve Egypt’s competitiveness. The comments have led to a sharp devaluation of the Egyptian pound, currently trading 10% lower than Thursday's close at 17.42”

European branded payments company Recharge.com today announced the launch of its services in Australia. The fast-growing fintech firm, which specialises in digital gift and prepaid cards for brands including Netflix, Spotify and Xbox, is rolling out its services amidst regulatory changes in the buy-now-pay-later (BNPL) and the gift card sectors.

All purchases of .freedom domains will contribute to a better world, beginning with support for the Ukrainian war victims.

NexBloc today announced the creation of the .freedom blockchain top-level domain (bTLD) for use in Web 3.0. Anyone worldwide can purchase .freedom domains such as yourname.freedom with net proceeds going toward global humanitarian aid. Immediate use of funds will focus on bringing relief for Ukrainian war victims.

PPS, an Edenred company, and the UK and Europe’s market leading payments provider, today announces the appointment of Andrea Keller as Managing Director. 

Andrea Keller is an experienced payment professional, having worked in the industry for more than 20 years at PPS’s parent company, Edenred. He joins PPS from the position of Managing Director for Edenred Pay in Latin America, focusing on payments and fintech solutions.  

TrustQuay, the global leader in technology for corporate services, trust, and alternative fund administration markets, has today announced an agreement with ZEDRA to adopt TrustQuay Portal, which enables corporate services and trust administrators to deliver their clients a unified view across all of their structures and provides access to this information anywhere, anytime and on any device. 

Partnership will see the development of a model digital bank, licensed to Union of Arab Banks members to help them transition into digital banking