Latest news

Toqio and Visa Partner to Offer Payment Solutions to Non-Financial Firms

3 days 15 hours ago
Payments

Toqio, a leading SaaS financial orchestration platform for businesses, has partnered with Visa, a leading global digital payments company, to provide payment solutions to businesses that by their nature do not offer financial services. The objective is for these corporations to improve their value proposition to their distribution networks by providing them with access to greater liquidity.

New Marqeta Research Finds UK Consumers Are Leading Global Adopters of Digital Payments, With Over Two-Thirds Now Comfortable Ditching Wallet for the Phone

3 days 15 hours ago
Payments

UK consumers are leading the charge on digital financial services adoption amid rising demand for more innovation and convenience in payments and banking, according to a study from Marqeta (NASDAQ: MQ), the global modern card issuing platform powering some of today’s most innovative embedded finance solutions.

Payment Habits in Europe

3 days 15 hours ago
Payments

The payment landscape in Europe is diverse and complex, shaped by regional preferences and technological advancements. In the first half of 2023, 30 retail payment methods within the Euro area processed around 29.8 billion transactions with a combined value of €23.6 trillion.

GDS Link and Atto Partner to Power Instant Credit Decisions

3 days 16 hours ago
Lending

GDS Link, a leading player in credit risk management, is pleased to announce a partnership with the open banking provider, Atto. GDS Link will use Atto’s data and insights to enhance credit decision processes for global financial institutions.

Plum Raises £16M Series B After Rapid Growth and Approaches Profitability

3 days 16 hours ago
Fundraising News

Smart money app Plum has raised £13.4m in funding from institutional investors, including a second tranche of investment from strategic partner Eurobank. New anchor investor iGrow Venture Capital has joined the round, alongside previous investors including Venture Friends and Ventura Capital.

FINOM Launches SEPA Direct Debit B2B Across Its EMI-Licensed Markets, Expanding Payment Options for European SMEs

3 days 16 hours ago
Payments

FINOM, the leading European digital banking solution for SMEs and entrepreneurs, today announced the launch of SEPA Direct Debit B2B (SDD B2B) for its customers. This service is now available in all countries where FINOM provides local IBAN accounts through its own Electronic Money Institution (EMI) license. This new feature complements FINOM's existing SEPA Direct Debit Core offering, providing a more comprehensive suite of payment options for...

OMS Integrates GoCardless Open Banking Payments

3 days 16 hours ago
Payments

Bank payment company GoCardless has announced a partnership with OMS, the seamless single-input enquiry to completion processing platform for brokers, to simplify and accelerate the payment process for its ever-growing user base.

Slope Announces $65M Funding Round With J.P. Morgan and Notable Capital

4 days 9 hours ago
Fundraising News

Brex Names Sibongile Ngako as Chief Compliance Officer

4 days 10 hours ago
People Moves

Brex, the AI-powered spend platform, today announced that Sibongile Ngako has joined the company as its Chief Compliance Officer. Sibongile brings over 20 years of experience as a compliance and risk management executive and joins most recently from Affirm, a leading payments company, where she served as Vice President of Compliance. Sibongile's appointment will further Brex's ongoing commitment to ensuring it continues to meet the highest...

Three De Novo Banks in the Southeastern U.S. Grow With Jack Henry

4 days 11 hours ago
Banking

Jack Henry™ is pleased to share that Craft Bank, RockPointBank, and Moultrie Bank & Trust have experienced significant growth in recent years, powered by Jack Henry's modern and open technology platform.

The Federal Reserve Board Fined Green Dot $44 Million for Unfair Practices and Poor Consumer Compliance Management

4 days 11 hours ago
Compliance

The Federal Reserve Board on Friday took action to address consumer compliance breakdowns by Green Dot, fining the firm $44 million for numerous unfair and deceptive practices and a deficient consumer compliance risk management program.

Klarna Combines Sofortüberweisung With Klarna Payments to Bring Customers and Merchants the Best of Both Worlds

4 days 11 hours ago
Payments

Klarna, the AI-powered global payment network and shopping assistant, today announced the integration of Sofortüberweisung into the Klarna environment. With this, Klarna consolidates two well-known services: The Sofortüberweisung function will from now on be available as part of the Klarna Pay Now product range. The aim is to increase the security of the checkout process for both consumers and merchants and to optimize user-friendliness....

Airwallex EMEA Sees Strong Momentum With 152 Percent Revenue Increase YoY

4 days 12 hours ago
Infrastructure

Airwallex, a leading global payments and financial platform for modern businesses, continues to scale rapidly in the region, with a 152 percent increase in revenue year-on-year (YoY*) across Europe, Middle East and Africa (EMEA). It also grew its transaction volume YoY by 125 percent, amid a challenging macroeconomic environment for the fintech sector.

Finbee Verslui Raises 35 Million EUR Investment to Focus on Business Financing in Lithuania

4 days 12 hours ago
Fundraising News

European investor Pollen Street Capital invests 35 million EUR in alternative lender Finbee Verslui. This investment will enable more than 1,500 businesses to be financed faster and on more favorable terms than before. Lending faster and on better terms