How your payments services provider can help.

TransUnion has launched the latest evolution of its end-to-end, API-driven Open Banking solution, designed to assess income and expenditure, affordability and creditworthiness.

New developments are wide-ranging, with improved analytics capabilities and a streamlined screen journey which includes anti-money laundering (AML) checks. These checks must be conducted as part of the Open Banking process, and are additional to the AML checks that the finance providers themselves must perform.

BlackRock Private Equity Partners, through its private equity funds and accounts under management, together with a consortium of institutional investors, including among others, Aberdeen Standard Investments, funds managed by Neuberger Berman, Investment Corporation of Dubai and RSIC, are becoming minority shareholders in Trustly, the world’s leading online account-to-account (A2A) payments provider. Nordic Capital remains the majority shareholder in Trustly.

Today, leading smart payments provider and fintech bank Credorax, and Italian payment institution authorized by the Bank of Italy, Mondial Bony Service S.P.A announced a new partnership to broaden payment services available to Italian merchants and Mondial Bony’s customers. The partnership will enable Mondial Bony to provide Card Present Offerings and expansion into Card Not Present (CNP) transactions with one connection.

EIS Group, a core and digital platform provider for insurers, today announced a partnership with EPAM Systems, Inc. (NYSE: EPAM), a leading global provider of digital platform engineering and software development services, to help insurers accelerate digital transformation initiatives in the UK. 

First Bank announced today that it has partnered with HT Mobile Apps (HTMA) to offer Kids Cash, a free mobile application designed to educate children ages three to 12 years old on the benefits of saving, and Plinqit, the only savings app that pays users for learning about personal finances.

TransferWise, the global technology company building the best way to move money around the world, today announces its latest feature: millions of account holders will now be able to send domestic as well as cross-border transfers instantly to their phone contacts who also have a TransferWise multi currency account.

Alipay, the world’s leading open digital lifestyle platform, today revealed that 82 fund management companies in China have collectively attracted over 120 million followers on their official corporate accounts on Alipay as of June 9, 2020. Further, 128 of 143 fund management companies in China are now offering products and services on Alipay.

Leading business banking firm Bruc Bond believes small businesses must be helped by fintechs to lessen shock of worldwide pandemic

The COVID-19 pandemic has severely crippled the global economy. While social distancing measures have been vital to securing people's lives and enabling effective governmental responses to the pandemic, SMEs around the world have been hit hard by these necessary measures.