South Korean financial “super app” Toss valued at $7.4bn in latest funding
Viva Republica, the Seoul-based FinTech company operating mobile financial app Toss raised $410m in fresh funding, which values the company at $7.4bn.
TrueLayer unveils Verification API to simplify onboarding process
UK open banking platform TrueLayer has launched a new Verification API to make the onboarding process for its customers easier.
Micro payments service Shrap unveils pilot program to examine future of cash
A pilot program by UK micropayments firm Shrap has begun two pilot programs in Essex and Denny, Scotland to trial and test scalable solutions to help keep cash sustainable.
Deutsche Bank, Fiserv team to launch payment acceptance venture in Germany
Deutsche Bank and Fiserv have collaborated to create a comprehensive provider of payment acceptance and banking solutions in the German market.
World Bank rebuffs El Salvador with Bitcoin currency integration
The World Bank has declined to help El Salvador with the integration of Bitcoin into its currency system highlighting concerns around the environment and transparency.
Bank of England FinTech chief underlines privacy, crime tackling benefits of CBDCs
The Bank of England (BofE) FinTech chief has said the introduction of a central bank digital currencies (CBDC) doesn’t require a trade-off between privacy and tackling financial crime.
Novus collaborates with Visa on sustainable digital banking app
UK-based FinTech Novus has teamed with Visa and Railsbank to develop a mobile application that rewards users for purchasing sustainably.
German open banking firm Finleap Connect bags €22m Series A
Open banking platform Finleap Connect has secured €22m from a Series A funding round led by SBI Investment.
BearingPoint to create RegTech juggernaut with Vizor Software acquisition
BearingPoint RegTech has signed an agreement to purchase global tech firm Vizor Software for an undisclosed fee subject to regulatory approvals.
Mastercard study identifies UK, Nordics as best placed for open banking boom
A study conducted across ten European countries by Mastercard has found the UK and the Nordics are the most well-suited for the growth of open banking across the continent.
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