XPAY Selects Finastra to Support Expansion of Services and Rapid Growth Plans
- 2 years 11 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
- 2 years 11 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.
Regtech Salv Raises €4M to Fuel the European and UK Expansion of its Real-time Collaborative Crime-fighting Platform
- 2 years 11 months ago
- Fundraising News
Salv, the regtech startup founded by former Wise and Skype employees, closes a €4m seed round extension led by ffVC, with German G+D Ventures and existing investors also participating. The funds will allow Salv to further develop its modular regtech technology and support geographical expansion to new territories, including Poland. Salv’s collaborative crime-fighting technology
FCA ‘Greenwashing’ Consultation: Tumelo Calls for Compulsory Disclosure of Fund Manager Voting Policies
- 2 years 11 months ago
- Fund Management
Investor voting fintech Tumelo is calling on investment funds to disclose to investors whether they permit them to vote the shares in their portfolios.
Swiss Finance Corporation Selects Integral’s eFX Trading and Workflow Solution
- 2 years 11 months ago
- Trading Systems
Integral, a leading currency technology provider to the financial markets, announced today that brokerage firm Swiss Finance Corporation (“SFC”) has selected its cloud-based SaaS technology to modernize their offering and bring eFX trading to their customers.
Digital Assets Data Provider Block Scholes Now Officially Authorised and Registered with the FCA
- 2 years 11 months ago
- Data
Block Scholes has got off to a fantastic start in 2023, securing regulatory approval from the Financial Conduct Authority in the UK for specific regulated activity – which means we are likely the only regulated digital assets trade recommendation provider at this time.
Recognise Bank Simplifies Corporate Structure as its Parent Company Delists
- 2 years 11 months ago
- Banking
Recognise Bank, the digital SME lender and savings provider, today announces that its parent company, the City of London Group plc, has delisted its shares after yesterday’s successful AGM vote backing the plan. The delisting simplifies Recognise Bank’s corporate structure and follows the bank conditionally raising £25 million to support lending and to fund the continued development of new products and technology for SMEs.
Starling Bank Starts 2023 with Hat Trick of Achievements
- 2 years 11 months ago
- Digital banking
Starling Bank is starting the new year with a trio of significant achievements. The digital bank tops the Current Account Switch Service (CASS) leaderboard, is named Britain’s best current account by Finder.com, and makes the top ten in its debut entry to the UK Customer Service Index.
ECOMMPAY Invests in Growth and Innovation with Appointment of Chief Revenue Officer, Moshe Winegarten
- 2 years 11 months ago
- People Moves
ECOMMPAY, a leading international payment service provider and direct bank card acquirer with its own fintech system, has hired Moshe Winegarten as its Chief Revenue Officer. The appointment comes as the fintech leader prepares to tackle the main challenges for merchants this year through continued innovation in payment technologies and solutions and integration with strategic, third-party vendors.
DailyPay Announces $260 Million in New Funding
- 2 years 11 months ago
- Fundraising News
DailyPay, a leading financial technology company, today announced it has secured $260 million of capital to fuel growth domestically, expand internationally and further invest in product innovation. The funding is divided between revolving credit facility capacity provided by Barclays and Angelo Gordon, and new term loan funding from SVB Capital and a fund managed by Neuberger Berman.
Dubai-based Startup, Wafeq, Raises $3M
- 2 years 11 months ago
- Fundraising News
In 2016, the Gulf Cooperation Council (GCC) member states signed the Value Added Tax (VAT) agreement paving way for the introduction of the general levy on consumption across the region. The United Arabs Emirates (UAE) and Saudi Arabia became the first member states to adopt the treaty in 2018, and its implementation meant that for the first time businesses in these territories were required to file VAT returns periodically.
Reimbursement and Spend Management Platform PayEm Secures $220M in Equity and Debt
- 2 years 11 months ago
- Fundraising News
PayEm, which offers spend and procurement management services, has raised $220m in a mix of equity and credit financing. The funds were supplied by Viola Credit, Mitsubishi Financial Group, Collaborative Fund and others. With this fresh equity, PayEm plans to scale its credit cards operation and support larger customers with its payments platform. Funds will also support the continued development of the platform.
Revolut Announces Ultra, a New Top-tier Membership
- 2 years 11 months ago
- Digital banking
Revolut is to roll out a new super-premium membership plan targeting ambitious, affluent individuals interested in a luxury lifestyle. The new top-tier plan, Ultra, offers users free lounge access at 1200 airports, cashback, and low fees on Revolut investment products. Coming in the Spring, Revolut is inviting new and existing customers to join a waitlist to unlock 5% cashback on purchases made in their first month with Ultra.
Halifax is the First UK Bank to Provide Accessibility Support with Recite Me
- 2 years 11 months ago
- Banking
Halifax has launched a suite of digital accessibility tools on halifax.co.uk to provide an even more inclusive experience for customers on their website. 14.1 million people in the UK live with some form of disability and often face barriers when using the internet.
Form3 Sponsors Payments Association Working Group to Tackle UK Digital and Financial Crime
- 2 years 11 months ago
- Payments
Form3, the cloud-native account-to-account platform, today announces that it is sponsoring the Payment Association’s Project Financial Crime Working Group this year, to address the challenges of tackling increasing levels of digital and financial crime in the UK.
