Company News

Bank of America has reportedly agreed to pay $75m in the settlement of a lawsuit, which accuses the bank of extracting overdraft fees it didn’t earn from customers with savings and checking accounts.

German InsurTech Getsafe has partnered with UK-based company comparethemarket.com to provide better insurance policies to UK consumers.

Regulatory and compliance software provider for regulated industries Ideagen secured £100m through a new committed credit facility of £75m, with a further uncommitted of up to £25m.

The total value of transactions processed by POS terminals will grow by 28% to exceed $17.3trn by 2026.

The Hong Kong Monetary Authority (HKMA) has revealed its implementation plan for the third and fourth phases of its Open API Framework.

Some of the biggest US banks have signed up for a government-supported pilot program aimed at using alternative data to provide credit for people with low or no credit score.

Financial analytics API developer Kidbrooke has teamed up with additiv to help cater to the growing demand for financial health and financial planning tools.

Payments juggernaut Stripe has acquired card authentication technology company Bouncer for an undisclosed amount.

UK banking-as-a-service (BaaS) company Omnio has raised €30m in funding in a round led by GrayBella Capital.

London FinTech Curve launched a new crowdfunding campaign on Crowdcube five months after closing its £72.5m Series C round.