Latest news

UBS to Acquire Credit Suisse

3 years 7 months ago
Banking

UBS plans to acquire Credit Suisse. The combination is expected to create a business with more than USD 5 trillion in total invested assets and sustainable value opportunities. It will further strengthen UBS’s position as the leading Swiss-based global wealth manager with more than USD 3.4 trillion in invested assets on a combined basis, operating in the most attractive growth markets.

DECTA Appoints Industry Veteran, Scott Dawson, to Accelerate UK Growth Strategy

3 years 7 months ago
People Moves

DECTA, a leading provider of end-to-end payment infrastructure, has ramped up its strategy for UK growth, appointing Scott Dawson as Head of Sales and Strategic Partnerships.

Salerio Trade Processing Goes Live at Jennison Associates

3 years 7 months ago
SaaS

corfinancial®, a leading provider of specialist software to the financial services sector, announces that New York-based investment manager Jennison Associates (Jennison) has implemented Salerio, their post-execution trade processing, matching, confirmation and settlement instruction management system.

Tamara Raises $150 Million Debt Financing from Goldman Sachs

3 years 7 months ago
Fundraising News

Tamara, a fintech startup based in Saudi Arabia, has secured a $150 million debt facility in its latest fundraising round. The facility provided by US investment bank Goldman Sachs will enable Tamara to promote and develop its BNPL product, according to a company statement. It will also help to finance a growth drive across several new verticals, said the company.

Doors Wide Open for Open Banking in the Middle East

3 years 7 months ago
Open Banking

Over the past few years, Open Banking – a technology that gives consumers and businesses the legal right, for the first time, to access their payment accounts via third-party providers (TPPs), has become a global phenomenon, with studies estimating that the Open Banking market will be valued at $123.7 billion by 2031 from the $13.9 billion in 2020.

Planixs Appoints Nick Jepson as Chief Revenue Officer

3 years 7 months ago
People Moves

Planixs, the market-leading provider of real-time, intraday cash, collateral and liquidity management solutions, has today announced that Nick Jepson has been appointed as Chief Revenue Officer to lead all the firm’s revenue-related activities.

Jon Lukomnik – ‘Pioneer’ of Modern Corporate Governance – Joins Tumelo as Advisor

3 years 7 months ago
Fund Management

Jon Lukomnik – one-time fiduciary for the five New York City pension funds and lauded by Forbes as one of the pioneers of modern corporate governance – is joining investor fintech Tumelo as an advisor. Jon will provide strategic guidance and support as Tumelo pursues its mission to democratise shareholder voting.

Keystone Talent Bank Integrates ID-Pal for Real-time Right-to-Work Checks

3 years 7 months ago
Banking

Global identity verification provider ID-Pal today announced a partnership with Keystone Talent Bank to deliver real-time digital right-to-work checks. ID-Pal is now integrated as part of their services within Talent Bank, to allow users to conduct checks in line with the UK Digital Identity & Attributes Trust Framework (UKDIATF).

Payments Fintech Recharge.com Launches Digital Gift Card and Mobile Top-up Services in Chinese

3 years 7 months ago
Payments

European branded payments company Recharge.com today announced the launch of a Chinese language version of their website. Simplified Mandarin is now available, giving over a billion new Chinese speakers across the world the chance to shop for branded prepaid payments in their native language, while also allowing Recharge.com the opportunity to seize a larger share of the market.

Wombat Launches Low-cost JISA Following Surge in Demand Among Young Parents

3 years 7 months ago
Investment

Micro-investing platform Wombat is launching one of the lowest-cost Junior ISAs (JISA) in the UK following surging demand for the tax-free wrapper from its fast-growing base of investors. From 1 May, investors can access Wombat’s carefully curated range of funds and stocks through a JISA for an annual charge of just 0.10% per year, with a subscription fee of £1 a month. Savers can invest as little as £10.

Experian Announces Access Group Partnership Boosting Employment and Income Coverage to 77%

3 years 7 months ago
Personal Finance

Experian has today announced a new partnership with The Access Group that will allow even more UK employees to digitally share their payroll information to get better access to financial products and services. Through Experian’s Work Report™, the UK’s first digital employment and income verification service, employees who are paid using Access Group’s payroll software will now have the option to consent to share their payroll information with...

4th Edition of The Milan Fintech Summit Returns On 9-11 October 2023

3 years 7 months ago
FinTech StartUps

Fintech District, the international community of reference for the fintech ecosystem in Italy, and Business International, a division of Fiera Milano SpA focused on the creation of business and networking events, management training and business consulting, are delighted to announce the launch of the fourth edition of the Milan Fintech Summit at the Allianz Mico - Milano Convention Centre in Milan, Italy, on October 2023, 9-11.

LMG Adopts Clausematch to Gain a Competitive Advantage from Digitisation of Compliance

3 years 7 months ago
Compliance

Clausematch, a technology company developing solutions for regulatory compliance, is pleased to announce today it has gone live with LMG, Australasia’s biggest loan aggregator.

NatWest Signs Deal with OneID to Make New Digital ID Service Available to Businesses

3 years 7 months ago
Digital Identity

NatWest Group is making its new Customer Attribute Sharing service available to businesses as an embedded digital ID solution after signing a deal with identity service provider OneID. The bank is rolling out the service, in collaboration with OneID, across a wide range of use cases, including e-document signing and digital onboarding.