New data from open banking platform Tink has today revealed that whilst there is overall positive thinking about open banking within European financial institutions, a lack of internal alignment risks holding them back from realising its full potential.

Leading global investor services group IQ-EQ has achieved simultaneous recognition for two of its core service segments, Funds and Private Wealth, with wins in both the 2020 Funds Europe Awards and Citywealth Magic Circle Awards.

The Funds Europe Awards recognise outstanding contributions within the European funds community, while the Citywealth Magic Circle Awards celebrate the elite players within the global private wealth industry.

Shoppers in the Nordics this year spread out their purchases across the whole of Black Friday sales week, according to the latest data from Nets, a leading Nordic payment provider.

The Emerging Payments Association (EPA), which promotes collaboration and innovation across payments, has today published its new insight that explores some of the issues that young and elderly age-groups in the UK face when it comes to accessing financial services. The research, released on the day that England is released from its second lockdown, also highlights some of the inclusivity initiatives and solutions that are currently offered by Fintechs to address these issues.

The Professional Managers of the Future (PMF) community held a meeting with the representatives of companies from the Internet industry to discuss the capacity and profitability of high technologies employed in UK businesses.

Sysnet Global Solutions, the leading provider of cyber security and compliance solutions for SMBs, today announced that it has acquired the Managed Compliance Solutions (MCS) division of ControlScan, Inc., a U.S. leader in managed security services specialising in compliance, detection and response. Terms of the deal were not disclosed.

CardUp, the digital credit card enablement platform, has launched a new solution that enables businesses to instantly access credit on international payments at competitive rates. While the global remittance market is dominated by bank to bank transfers -- CardUp enables these payment to be made via credit cards to overseas suppliers who do not accept card payments.

Ziglu, the personal money app, has successfully closed its crowdfunding campaign, having raised over £6 million from over 1250 investors. 

Ziglu aimed to raise £1 million but hit this target within 3 hours of the campaign opening, with this very high investor demand Ziglu went on to raise 500% more than their initial target. The average investment amount was £4,800.