Allica Bank Supports SMEs with Over £100M in Asset Finance Funding

• 3 years 7 months ago
• Banking

Allica Bank, the SME-focused challenger bank, has now provided established SMEs with over £100 million in asset finance funding since its launch in 2021.

Sonovate Announces £165 Million Securitisation with BNP Paribas and M&G

• 3 years 7 months ago
• Payments

Sonovate, the leading provider of embedded finance and payment solutions for the contingent workforce, today announced that it has completed a new securitisation deal with BNP Paribas and M&G Investments, adding £165 million to its funding structure. The deal is an endorsement of Sonovate's position as a fintech industry leader and reinforces its high-growth trajectory, enabling it to lend over £1.3 billion in invoices this year alone.

Zennor Asset Management Appoints TORA for Global All-In-One Multi-Asset System

• 3 years 7 months ago
• Asset Management

TORA, provider of the industry’s most advanced all-in-one EMS, OMS and PMS announced today that Zennor Asset Management has selected and implemented TORA. TORA’s all-in-one product is a single sign-on execution, order and portfolio management platform with a unified interface, unified nomenclature, and standardized data that delivers superior workflow efficiency and transparency.

PayPoint Launches Next Business Day Settlement

• 3 years 7 months ago
• Payments

PayPoint today announces the launch of a next business day settlement service for PayPoint One customers signing up to integrated card payments with a PayPoint-preferred acquirer. Initially available to new card payment customers for no additional fee, the service will enable retailers to receive funds from any card transactions directly into their nominated bank account the following business day.

Linedata Addresses Market Volatility by Enabling Rapid Trading Decisions for Asset Managers

• 3 years 7 months ago
• Asset Management

Linedata, a global provider of asset management and credit technology data and services, today announced the evolution of its cloud-based Asset Management Platform (AMP), further enabling intelligent automation of trading workflows. This includes a new best execution trading solution within AMP, through collaboration with BTON Financial.

Supervisory Board appoints Sabine Mlnarsky as Chief Human Resources Officer of Commerzbank

• 3 years 7 months ago
• People Moves

At its meeting today, the Supervisory Board of Commerzbank appointed Sabine Mlnarsky to the Board of Managing Directors of the Bank with effect from 1 January 2023. She will assume responsibility for the Group Human Resources division. As Chief Human Resources Officer and Labour Relations Director, she is succeeding Sabine Schmittroth, who, in line with her personal life planning, is leaving Commerzbank when her contract expires at the end of...

Survey Finds UK Shoppers are Frustrated with SCA and Merchants are Missing Out

• 3 years 7 months ago
• Security

After more than three months of living with regulations designed to protect e-commerce shoppers, consumers in the UK say they embrace measures to secure their transactions, but that they won’t tolerate a poorer shopping experience in the process, according to a new survey conducted by Signifyd, the market leader in e-commerce fraud protection.

Group-IB Announces Regional Diversification of Business

• 3 years 7 months ago
• Cybersecurity

Group-IB, one of the global leaders in cybersecurity, has completed the first step in a series of actions aimed at separating its Russia and CIS business. Group-IB has just transferred its activities in Russia to a new entity under local management.

Klarpay Becomes New Visa Principal Member

• 3 years 7 months ago
• Payments

Adyen Provides Omnichannel Payments Services to UNIQLO

• 3 years 7 months ago
• Payments

Adyen, the financial technology platform of choice for leading companies, has been chosen by Fast Retailing, operator of UNIQLO, to power payments for the brand’s in-store and online checkout in multiple markets.

Virgin Money is Partnering with Flexys for BBLS Success

• 3 years 7 months ago
• Payments

Virgin Money welcomes fintech partner Flexys' technology for delivering the UK government's Bounce Back Loan Scheme (BBLS) PAYG repayment choices.  British businesses who suffered during the Covid-19 epidemic were granted relief through the government's BBLS. Virgin Money lent around £1 billion to 34,000 businesses. 

Plum Launches Recyclable, Degradable Debit Card

• 3 years 7 months ago
• Payments

London fintech Plum, Europe’s ultimate personal finance app, has launched a debit card to help its customers take control of their finances. The card is Plum's first move into spending, consolidating its position as a comprehensive money app.

Valtatech Becomes the First and Only Coupa-approved Peppol Connector Available on its App Marketplace and Business Spend Management Platform

• 3 years 7 months ago
• Payments

Financial process automation experts and certified Peppol Access Point providers for Australia and New Zealand, Valta Technology Group (Valtatech), today announced its Peppol Connector for Coupa Invoice will be available to users in the Coupa App Marketplace, connecting businesses with certified, pre-built solutions to enable them to send and receive e-invoices and e-orders via the Peppol network. C

BNPL Company Openpay is Leaving US Market

• 3 years 7 months ago
• Payments

Buy-Now-Pay-Later agency in Australia Openpay has terminated US operations and dismissed most of its staff, Reuters reports.  The lender is the latest BNPL participant to experience the effects of rising interest rates and a wider economic slowdown, leading it to stop issuing loans in what it had recently called its major growth area.

Yapily Data Shows Open Banking Soaring Across Europe as UK Continues to Lead

• 3 years 7 months ago
• Open Banking

Open banking maturity has soared across Europe over the last 12 months,  according to new research published in Yapily’s annual European open banking league table.