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.