Company News

Tink bolsters open banking offering with FinTecSystems purchase

Swedish open banking startup Tink is set to acquire German firm FinTecSystems for an undisclosed amount.

Bank of America reportedly agrees to settle in overdraft fees case

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.

Getsafe, CompareTheMarket team to bolster UK insurance policy offering

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

Santander UK and NatWest back RegTech Ideagen in £100m round

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.

POS terminal transaction volume to exceed $17.3trn by 2026

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

HKMA underlines next steps in Open API Framework introduction

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

Leading US banks to pilot low credit score credit scheme

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.

Kidbrooke, additiv team up to meet rising demand for financial health and planning tools

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

Stripe acquires fraud prevention expertise with Bouncer purchase

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

BaaS platform Omnio bags €30m as it vies for European expansion

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

News Stories

What do financial services companies need to know about carbon accounting?

What do financial services companies need to know about carbon accounting?

Carbon accounting is a method of calculating the amount of greenhouse gases (GHGs) an organisation emits, whether it is directly or indirectly. Through this, companies are better placed to understand the climate impact and establish goals on how they can reduce it. As the number of ESG regulations continues to increase, carbon accounting could become an increasingly vital part of meeting compliance.
FXBO and BridgerPay forge new path in FinTech with strategic partnership for enhanced payment solutions

FXBO and BridgerPay forge new path in FinTech with strategic partnership for enhanced payment...

FX Back Office (FXBO), a specialist in forex CRM solutions, has entered into a strategic partnership with BridgerPay, a renowned payment operations platform.
Revolut teams up with Visa to launch innovative debit card vending machine at National University of Singapore

Revolut teams up with Visa to launch innovative debit card vending machine at National...

Revolut, a leading FinTech company, has innovated yet again by introducing a debit card vending machine at the National University of Singapore (NUS).
dLocal and Zepz forge strategic partnership to enhance cross-border payments in emerging markets

dLocal and Zepz forge strategic partnership to enhance cross-border payments in emerging markets

 dLocal, a leading cross-border payment platform, and Zepz, the parent company of prominent remittance brands WorldRemit and Sendwave, have announced a strategic partnership aimed at improving payment efficiencies across emerging markets in Africa, Asia, and Latin America.
Tranched secures $3.4m funding to revolutionize asset-based financing with blockchain

Tranched secures $3.4m funding to revolutionize asset-based financing with blockchain

Tranched, a London-based FinTech company, has successfully raised $3.4m in pre-Seed funding. This round was spearheaded by Speedinvest and saw participation from influential investors including...

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