Stubben Edge to Launch 12-month Term Life Insurance Cover
- 3 years 7 months ago
- Insurtech
Stubben Edge Group is pleased to announce its latest insurance innovation: a new, fully digital 12-month Term Life Insurance product that any General Insurance broker can place for a client quickly and easily. The product has been built to cover those people who are self-employed, sole traders or small businesses and thus need quick cover. Cover can cost as little as £9.50 per month and gives £50,000 to £200,000 via a relatively short question...
European Banks are Failing to Plan for Future KYC and AML Risks, Says New Report by Ondato
- 3 years 7 months ago
- AML and KYC
European banks are spending most of their AML (Anti-Money Laundering) and KYC (Know Your Customer) budgets on manual processes that cannot scale to meet the costs and risks of increased compliance demands, according to a new report from Ondato, a technology company that streamlines AML and KYC processes.
Coutts Joins Forces with BGF to Raise Over £80 Million to Back Entrepreneurs in Britain
- 3 years 7 months ago
- Investment
Coutts, the private banking arm of NatWest Group, and BGF, the UK and Ireland’s most active growth capital investor have now raised over £80m through the UK Enterprise Fund (UKEF). This provides the bank’s client base with access to investment opportunities in privately-owned scaleups and early-stage businesses, as part of BGF’s nationwide platform.
Black Friday Debt Warning with Almost 8M Brits Wrongly Thinking You Can’t Get into Debt Using BNPL Services
- 3 years 7 months ago
- Lending
Nearly 8m Brits wrongly believe you can’t get into debt using ‘Buy Now Pay Later’ (BNPL) services*, prompting fears that shoppers are at increased risk of financial difficulty this Black Friday and in the run-up to Christmas.
Infineon and Fingerprints Step into Cooperation on the all-in-one solution SECORA™ Pay Bio that will Bring Biometric Payment Cards to a New Level
- 3 years 7 months ago
- P-Cards
Infineon Technologies AG and
Tink Launches Balance Check for Smoother Direct Debits
- 3 years 7 months ago
- Open Banking
Europe’s leading open banking platform, Tink, has today announced the launch of Balance Check, a key feature enabling Tink customers to verify account balances. Powered by open banking, Tink’s new feature will simplify the setting up of direct debit mandates, supporting both businesses and consumers during a time of economic uncertainty.
Digital Financial Services Company Wamo Adds Shopify Affiliation to its E-commerce Clients in a One-of-a-kind Solution
- 3 years 7 months ago
- E-Commerce
Digital financial services provider Wamo has affiliated with Canadian blue-chip business Shopify (SHOP) to provide their clients with an easy-to-set-up solution that combines banking and e-commerce services at the same time. This solution, developed in collaboration with e-commerce experts and organizations engaged in the innovation economy, represents a new era of how such platforms can operate together.
Tietoevry Forms Strategic Partnership with Google Cloud
- 3 years 7 months ago
- Data
Tietoevry, a leader in digital sovereignty and sustainability, today announced a strategic partnership with Google Cloud focused on driving business transformation across the Nordics. The partnership will accelerate cloud adoption and data-driven innovation while embracing openness and collaboration between customers and partners across key Nordic countries including Finland, Sweden, and Norway.
Claim Technology Partners with Resistant AI to Deliver Document Forensics
- 3 years 7 months ago
- Artificial Intelligence
Resistant AI, the company using AI and machine learning to defend financial services from fraud and crime, has announced a strategic partnership with insurtech specialists Claim Technology to protect against fraudulent insurance claims. Claims handlers will now be able to spot forged documents to a level of forensic analysis that is impossible to detect with the human eye.
iDenfy Partnered with SupplierPlus to Battle Fraud with AML Screening and Monitoring Services
- 3 years 7 months ago
- AML and KYC
The AI-based ID verification and fraud prevention startup, iDenfy, announced uniting with SupplierPlus, the fintech that helps simplify invoice financing between buyers, suppliers and banks. iDenfy’s AML Screening and Monitoring solution kit will automate compliance and ensure a smooth customer onboarding process for SupplierPlus.
ClearBank Ltd. Reaches Profitability as Revenue Climbs to Over £45M
- 3 years 7 months ago
- Banking
ClearBank Ltd., the enabler of secure accounts, real-time clearing, and Embedded Banking for financial institutions, today announced that it has reached profitability. ClearBank Ltd. has generated £45.4m in revenue YTD and from October has reached monthly profitability in the UK.
wefox Appoints Laura Eschricht as Chief Marketing Officer
- 3 years 7 months ago
- People Moves
wefox, the world’s leading insurtech, has appointed Laura Eschricht as Chief Marketing Officer, with immediate effect.
PayNearby Issues over 1 lakh PAN Cards from Semi-Urban and Rural Kirana Stores
- 3 years 7 months ago
- Credit Cards
In its bid to provide valid proof of identity and bring all at the last mile into the formal financial fold, PayNearby, India’s largest branchless banking and digital network, has registered 75,000+ semi-urban and rural retail counters in the country as PAN issuance agents. These retail counters include kirana stores, mobile recharge stores, medical shops and travel agents. With the launch of this service, customers can go to the nearby store...
Cashflows Finds 96% of SMB Payments Decision Makers Lack Understanding of Payments Process
- 3 years 7 months ago
- Payments
Cashflows, the platform that makes it easy for merchants to accept payments, today announces new research highlighting a potential skills gap in the payments industry.
UK Fintech Atoa Secures $2.2M Pre-seed Round as it Kills Visa and Mastercard Fees for Businesses
- 3 years 7 months ago
- Fundraising News
There are more than 4 million small businesses in the UK which have no viable alternative to debit card payments and are reliant on Mastercard or Visa payment rails. Challenging this status quo, UK fintech Atoa Payments is announcing a $2.2M pre-seed funding round to reduce by 70% the payment fees and offer a new approach to making payments.
