Last month, the European Union (EU) adopted a new regulation that requires all banks and payment service providers to offer customers the ability to send and receive instant payments at any time of the day.

This is great news for businesses and consumers, who will benefit from near real time settlement of transferred funds. However, for financial institutions pressure is now on to comply with the rules inside a nine-month window that opened on April 8, 2024.

When was the last time you told someone about the great service you received from your bank, insurance company or tax office? Whether it’s a car or house purchase, investment fund transfer, or simply renewing a bankcard, financial institutions aren’t the best when it comes to NPS scores.

CBiGroup, a Fintech Group based in the U.S., has secured $15 million in Series A funding. Alpol Capital Family Office, known for its investments in new technologies, led the funding round.

Guavapay, a global fintech company has announced its partnership with Visa, a world leader in digital payments, to launch an impactful Out Of Home (OOH) campaign across London. This collaboration aims to enhance awareness of MyGuava multicurrency Visa Card for users of MyGuava App and MyGuava Business, the flagship products of Guavapay.

VersiFi, the digital asset trading and lending firm, today announced it has acquired Ather Digital for an undisclosed amount. The deal, which closed in May, bolsters VersiFi's suite of trading technology to include direct market access (DMA), algorithmic trading and smart order routing (SOR).

Danish fintech Ageras, which provides accounting software to over 300,000 active European small businesses, has completed its sixth and largest investment round to date according to documents just filed with the Danish Business Authority. The round is a private placement totaling EUR 82 million and is oversubscribed with overwhelming commitments from both new and existing investors; to increase Ageras' acquisition opportunities in an attractive European market.

FE fundinfo, a leading financial data company connecting the asset management industry to distribution networks in the UK, Europe and Asia Pacific, today continues its European expansion with the acquisition of Frankfurt-headquartered Dericon, a pioneering fintech in Germany’s wealth management industry.

Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSE: BANC), announced today the launch of Build@Banc, a service dedicated to providing tailored banking solutions to seed and early-stage innovative startups. The Build@Banc team also provides guidance and resources to help founders choose the right banking solutions and offers introductions to its well-established network of investors and advisers.

Tata Consultancy Services, a global leader in IT services, consulting, and business solutions, has signed a deal to modernize the core banking technology of Burgan Bank, a leading commercial bank in Kuwait.

The Consumer Financial Protection Bureau (CFPB) today issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers. Accordingly, Buy Now, Pay Later lenders must provide consumers some key legal protections and rights that apply to conventional credit cards.