Company News

Challenger banks are about to grow the transactions conducted between businesses by 42% by 2022 and will take market shares from traditional vendors, according to new research from Juniper Research.

The Monetary Authority of Singapore (MAS) has established a SGD $250m ($182m) in a fund targeting the FinTech space.

Risk and insurance SaaS company Origami Risk has established a strategic partnership with Gradient, which will give its customers access to claims and policy modelling capabilities.

N26 employees have set up a works council despite their employer arguing it would stand "against almost all values we believe in" and filing injunctions to prevent it from coming into existence in what is proving to be a messy affair.

Pollinate, a software developer helping digitise merchant acquiring for banks, has partnered with Mastercard to improve data insights for banks serving SMEs around the world.

New digital bank WeLab has celebrated opening 10,000 accounts within its first ten days of its launch, demonstrating how challenger banks are taking off in Asia.

British multinational bank Standard Chartered has inked a deal with telecom company Airtel Africa to boost financial inclusion across Africa.

Spin Technology has released a cyber liability insurance service to help companies cope with the rising threats online.

Global financial services firm Morgan Stanley is launching a sustainability accelerator to support innovators protecting the environment.

Lending solutions provider Blend has picked up a valuation close to $1.7bn on the back of a $75m funding round and is now planning to solve banks' Covid-19 problems.