The fast, frictionless payment transactions experienced by consumers are influencing user expectations in the B2B sector and driving payments digitisation across the entire continuum, according to a new report released today by Accuity, a LexisNexis Risk Solutions Company.

The report highlights:

The next generation banking-as-a-service platform, HUBUC has been selected to join one the world’s most prestigious start-up incubators, Y-Combinator (YC).

Currencies Direct (the “Company”), a global leader in digital foreign exchange (“FX”) and international payment services, has completed a £165 million dividend recapitalisation. The recapitalisation was provided by incumbent lenders CVC Credit and Alcentra, which backed the acquisition of Currencies Direct in 2015 by private equity owners, Palamon Capital Partners and Corsair.

Tonik, Southeast Asia’s first digital-only bank, launches as the first neobank in the Philippines today.  Tonik brings to the market a revolutionary and completely branchless way of banking on a highly secure mobile platform that sets out to fundamentally disrupt the Filipino retail banking industry.  Tonik is supervised by the Bangko Sentral ng Pilipinas (BSP).  Its deposits are insured by the Philippine Deposit Insurance Corporation (PDIC).  Tonik’s unique cloud-based solution is powered by global financial technolog

Railsbank, a leading global Banking as a Service (BaaS) platform, has launched in Australia via a partnership with the country’s first neobank, Volt.

The partnership enables Railsbank to continue its expansion within the APAC region and it considers Australia a highly strategic market.

The embedded finance market in Australia is in its infancy, but both Railsbank and Volt believe it is set for rapid growth over the coming years.

Fintech startup M2P Solutions- YAP has raised $10 million (Dhs 36.7 Mn) in a Series B funding that was co-led by Flourish Ventures and Omidyar Network India at an undisclosed valuation. YAP’s existing investors—Beenext, 8i Ventures and Better Capital—also participated in the financing round.

This is a second fundraising for YAP in less than a year. The Chennai-headquartered startup had raised $4.5 million as part of its Series A round in April 2020.

W2, award winning global provider of regulatory compliance solutions today announced their partnership with market leading payments provider Contis to supply end-to-end KYC/AML processes for customer onboarding and ongoing monitoring.  

Payment holidays have provided a lifeline for many in the pandemic, but as the planned March end-date[i] fast approaches, consumers and organisations must both prepare for a difficult period of financial transition.

SEON, the fraud fighter, has secured €10 million (USD 12 million) series A investment.