ClearBank Ltd., the enabler of secure accounts, real-time clearing, and Embedded Banking for financial institutions, today announced that it has reached profitability. ClearBank Ltd. has generated £45.4m in revenue YTD and from October has reached monthly profitability in the UK.

wefox, the world’s leading insurtech, has appointed Laura Eschricht as Chief Marketing Officer, with immediate effect.

In its bid to provide valid proof of identity and bring all at the last mile into the formal financial fold, PayNearby, India’s largest branchless banking and digital network, has registered 75,000+ semi-urban and rural retail counters in the country as PAN issuance agents. These retail counters include kirana stores, mobile recharge stores, medical shops and travel agents. With the launch of this service, customers can go to the nearby store and get their PAN cards easily with the help of just their Aadhaar number and biometric or SMS OTP-based authentication.

Cashflows, the platform that makes it easy for merchants to accept payments, today announces new research highlighting a potential skills gap in the payments industry.  

There are more than 4 million small businesses in the UK which have no viable alternative to debit card payments and are reliant on Mastercard or Visa payment rails. Challenging this status quo, UK fintech Atoa Payments is announcing a $2.2M pre-seed funding round to reduce by 70% the payment fees and offer a new approach to making payments. 

Aussie fintech Nine25 today announced its partnership with cloud-based payroll platform, KeyPay, launching a first-to-market open payroll data and Salary Streaming™ platform. 

The fintech world is getting ready for the next iFX EXPO Dubai edition that will take place 16-18 January 2023 at Dubai World Trade Centre. With booths and sponsorships booked in a record time, this show is expected to be the largest iFX EXPO event ever held in the MENA region. iFX EXPO Dubai 2023 will host 40% more exhibitors than the previous Dubai edition and will welcome around 3500 attendees from all over the world.

iwoca, one of Europe’s largest small business lenders, is today announcing the integration of its B2B payment solution iwocaPay with leading ecommerce software WooCommerce. 

TrueLayer, Europe’s leading open banking platform, today announced its partnership with Dutch online gaming operator BetCity to enable instant payouts for customers, powered by open banking.

This is the latest move by a European operator to ensure players are no longer left waiting to receive their winnings. 

OKX, the world’s second-largest crypto exchange by trading volume, has launched three new leading offerings that are granting its retail and institutional users greater visibility into their assets, and what is backing them, as well as greater control over their funds.