The Financial Conduct Authority (FCA) has written to credit card firms telling them to review their approach to borrowers who are stuck in persistent debt, where they are paying more in interest, fees and charges than they are paying of their balance.

Japan's SBI Holdings has invested $20 million in OpenLegacy Technologies, an American software firm that smooths API integration of core banking systems.

Accenture has agreed to buy Mudano, a data consultancy that works with UK financial services firms. Financial terms were not disclosed.

The figures* speak for themselves: 1 in 3 finance start-ups that are founded in Germany have their head office in the capital. There are now more fintechs in Berlin than in Munich, Frankfurt and Hamburg put together. Hamburg-based Varengold Bank AG, which has placed its strategic focus on fintech financing – and primarily online credit platforms – since 2015, is acknowledging this fact by opening its FinTech Hub in Berlin in the near future.

In the wake of Brexit, the Danish payment institution Clearhaus has secured a license which gives the Danish acquirer access to the attractive UK market.

CPP Group Plc, the partner focused, global product and services company specialising in the financial services and insurance markets has extended its product portfolio with major partners in Turkey through a strategic partnership model with Denizbank and AXA Sigorta; and by widening its technology delivery and service provider model with Anadolu Insurance Company (Anadolu).

Rimilia, the leading SaaS-based fintech company, today announced it has secured $15 million in growth funding. This funding round includes participation from existing investors and partners Eight Roads Ventures and Kennet Partners, and Silicon Valley Bank. It brings the total amount raised by Rimilia to $40 million. This new capital will be used to drive continued product innovation, invest in new talent, and fuel the company’s global expansion.

Wolters Kluwer’s Finance, Risk & Reporting (FRR) business has won three major accolades for its industry leading integrated regulatory compliance and reporting solutions. The awards specifically celebrate the success of the company’s software-as-a-service (SaaS) Regulatory Reporting solution and its Regulatory Engine Upgrade, both launched in mid 2019.

Dispute management specialist, Chargebacks911 announces the appointment of Andy Tierney as its new Vice President of Strategic Accounts. A leading expert on payment strategies, Tierney will be helping Chargebacks911 synergize the company’s strategic account sales efforts.