Small business loan approval percentages at big banks ($10 billion+ in assets) decreased again from 13.1% in September to 13% in October, according to the latest Biz2Credit Small Business Lending Index™ released today.

The need for financial institutions to maintain robust, efficient, and cost-effective payment testing is crucial, right? It’s not rocket science, it’s just something we all know needs to be done. No one wants a payment failure on their watch.

If you’re already using a highly automated, first-rate digital testing programme ensuring payments are executed without issue, then you can rest easy. If not or have doubts, maybe you should read on!

Infosys, a global leader in next-generation digital services and consulting, today announced a new Strategic Collaboration Agreement (SCA) with Amazon Web Services Inc. The three-year collaboration will deliver technology transformation and industry specific solutions to financial organizations supported by joint investments into go-to-market and delivery capabilities across the EMEA region.

finova, the UK's largest cloud-based mortgage and savings software provider, has today announced the launch of ‘finova Savings’, its latest digital-first, end-to-end savings solution.

Welcome to the digital age, where businesses in Nigeria are thriving in the dynamic e-commerce landscape. The necessity for reliable and secure payment gateways has never been more critical. In this guide, we delve into the top five payment gateways that are shaping the future of online businesses in Nigeria. 

What are Payment Gateways? 

The Bank of London today announced the appointment of Frankie Woodhead as Chief Product Officer, effective immediately. In his role, Frankie will oversee product vision, development and delivery across the UK Bank and Group.

Bank payment company GoCardless and leading international payment service provider and UK & Europe direct bank card acquirer Ecommpay have announced a partnership which will see the latter add direct debit to strengthen its payment offering. 

Yedpay, Hong Kong's leading payment technology company, collaborates with Mastercard to break tradition and pioneer the innovation of the next-generation payment industry with 'One Touch' technology. This technology aims to optimize the sequence of cash flow from collection, and payment to settlement for businesses, providing a new experience for real-time cash flow.

Today, Juni, the financial platform built for digital commerce, expands its Capital product offering with Inventory Financing for ecommerce businesses. The new product follows the launch of Juni’s media financing product earlier this year that allows businesses to ‘buy media, pay later’ (BMPL). The latest addition is part of Juni’s efforts to build a Capital product that is tailor-made for the unique financial needs of e-commerce businesses. 

Financial Software & Systems Pvt Ltd (FSS), a leading global provider of payments technology solutions, today announced that it has recently launched its IoT & AI/ML-enabled ATMs in India.