Deko Delivers Consumer Finance Alternatives for Electric Life
- 3 years 5 months ago
- Payments
Electric Life, part of the
£123 Million in Open Banking Payments Made Via the HMRC App
- 3 years 5 months ago
- Payments
Ecospend, the UK’s leading Open Banking payment provider, today announces that more than 94,000 customers have used its 'Pay-by-Bank' technology to make £123 million in Self-Assessment payments via the HMRC app since February 2022. Ecospend’s partnership with HMRC marked the first time that an Open Banking payment method had been embedded within a government department’s system.
Invoice Finance Provider Accelerated Payments Hits €1 Billion Funding Milestone
- 3 years 5 months ago
- Fundraising News
Business funding provider Accelerated Payments today announced it has advanced in excess of €1 billion worth of invoice financing on its fifth anniversary. The milestone comes as the fast growing fintech doubles its work force and extends its global reach, with offices in Europe, the UK, Canada and the USA.
Dubai Investments Acquires Stake in Monument Bank, UK-based Digital Bank
- 3 years 5 months ago
- Digital banking
Dubai Investments PJSC [DIC], the leading investment company listed on the Dubai Financial Market [DFM] has acquired a 9% equity stake in Monument Bank Limited, a UK Based Digital Bank regulated by the Financial Conduct Authority (UK) and the Prudential Regulation Authority (UK).
Turkish Consumer Finance Company Quick Finans Selects Provenir AI-Powered Data and Decisioning Platform
- 3 years 5 months ago
- Artificial Intelligence
Provenir, a global leader in data and AI-powered risk decisioning software, announced today that Quick Finans, a consumer finance company located in Turkey, has selected Provenir’s AI-Powered Data and Decisioning Platform to quickly approve and onboard new customers.
InvestChile Publishes E-Book on New Fintech Law in Chile
- 3 years 5 months ago
- FinTech StartUps
From this year, Chile has had a new law to regulate and promote the Fintech industry. And so that the information is readily and quickly available to foreign investors, InvestChile has published its new e-book "Fintech Law: Keys to the new regulations for the sector in Chile."
Brits Still Committed to Healthier Spending in 2023 Despite Cost-of-living Crisis
- 3 years 5 months ago
- Personal Finance
New spend data from payment and cashback app, Cheddar, reveals that UK consumers remain committed to spending on their health and well-being in the new year, despite cost of living pressures.
Study Says UK Will Lose its Leadership Position in Open Banking by the End of the Year Without Focused Action
- 3 years 5 months ago
- Open Banking
A new report released has claimed that the UK, the first mover and, until now, seen as a global leader in Open Banking will lose that leadership position this year unless drastic action is taken.
British Business Bank Publishes Updated List of 515 Companies in which the Future Fund Has an Equity Stake
- 3 years 5 months ago
- Banking
Today the British Business Bank publishes a list of 53 additional companies in which the Future Fund holds an equity stake, taking the total to 515 as at the end of December 2022. Launched on 20 May 2020, and open for applications until 31 January 2021, the Future Fund issued 1,190 companies with Convertible Loan Agreements worth £1.14bn in total. Third-party investors were required to at least match the Future Fund’s investment.
Indosuez Wealth Management Acquires a Majority Stake in Wealth Dynamix, a Fintech Specialising in Client Relationship Management for Private Banks
- 3 years 5 months ago
- Wealth Management
Today, Indosuez Wealth Management acquired 70% of Wealth Dynamics Ltd. (« Wealth Dynamix »), a fintech founded in 2012 that provides Client Lifecycle Management solutions to private banks, and wealth management and asset management firms worldwide.
OptionsDesk Signs Long-term Partnership with ION, Adopting its XTP Front-to-Back Suite in Exchange-Traded Derivatives
- 3 years 5 months ago
- Trading Systems
ION, a global leader in trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, has been selected by OptionsDesk to integrate ION’s XTP Front-to-Back Suite, expanding its derivatives capabilities.
Wise Enters 2023 with 15 New Partners in 4 New Markets, Bringing Total to Over 60 Partners Worldwide
- 3 years 5 months ago
- Money Transfers
Wise, the global technology company building the best way to move money around the world, launched 15 new partnerships in 2022 and enters 2023 with a total of 60 partners globally. These partnerships are made possible through Wise Platform, which allows banks and businesses to embed the power of Wise into their existing platform. Almost 10 million new customers gained access to Wise, via Wise Platform, in 2022 alone.
Copper Appoints Former Chancellor Philip Hammond as Chair
- 3 years 5 months ago
- People Moves
Copper.co, the leading provider of institutional digital asset custody and trading solutions, today announces the appointment of Lord (Philip) Hammond of Runnymede, the former Chancellor of the Exchequer, as Chair. He takes up this role with immediate effect.
XPAY Selects Finastra to Support Expansion of Services and Rapid Growth Plans
- 3 years 5 months ago
- Payments
Finastra today announced that XPAY, an embedded finance provider offering branded Mastercard® card programs with loyalty components, has selected Finastra, a global provider of financial software applications and marketplaces, to support its ambitious growth plans.
Temenos Advances Platform Capabilities to Accelerate Banking-as-a-Service
- 3 years 5 months ago
- Open Banking
Temenos today announced that it has expanded its Banking-as-a-Service (BaaS) capabilities on Temenos Banking Cloud to meet the technology needs of organizations offering BaaS from licensed banks to specialist BaaS providers servicing brands or fintechs. With Temenos Banking Cloud incumbent and non-incumbent banks as well as BaaS providers can establish and scale their BaaS programs fast with minimal effort thus opening up new revenue streams.
