NEX Group founder Michael Spencer becomes major investor in Element Ventures new UK FinTech...
Element Ventures is the name of a new fund aimed at supporting the UK FinTech industry. Now it has been revealed that Michael Spencer, founder of the NEX Group, has invested ?25m into the new ?100m fund.
Revolut is live in Singapore
London-based FinTech unicorn Revolut has launched in Singapore after a long beta period and already has 30,000 customers in the region.
Why BankThink is joining the big banks payments system
Real-time payments is quickly picking up in popularity and is no longer optional for banks.
Shieldpay partners with Visa for secure P2P marketplace transactions
Secure payments platform Shieldpay has formed a partnership with Visa to support the use of payment cards on P2P marketplaces.
Ascensus continues deal flurry, making 5th and 6th acquisition of the year
Ascensus, a retirement savings technology developer, continues its year of acquisitions completing deals for Swerdlin & Co and SES Advisors.
Konsentus launches PSD2 open banking solution
Three payment industry venture have launched Konsentus, a new RegTech company enabling financial institutions to meet PSD2 open banking requirements.
US bank BB&T set to deploy $50m into FinTechs
US bank BB&T is looking to deploy $50m to either invest in or acquire FinTech companies.
Yoga Insurance adds Ageas to car insurers panel
UK-based Yoga Insurance has added Ageas UK, a large motor insurer, to its panel of private car insurers.
SEC slaps real estate firm with $600m fine for ponzi scheme
The Securities and Exchange Commission (SEC) has charged National Reality Investment Advisors and four of its former execs for running a ponzi-like scheme.
Federal Reserve to launch real-time payments service in summer 2023
The Federal Reserve has accelerated the timing of the launch of FedNow, its real-time payments service, to the summer of 2023. ?
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