Banking Infrastructure

Swedish FinTech Open Payments has added €3m in a seed round and will use the cash injection to grow its team and its reach across the European market.

Even though the coronavirus pandemic has made digital banking a must-have for banks, many of these financial institutions risk losing customers because of their clunky onboarding practices, according to a new FICO survey.

Credit scoring startup Nordigen has launched a new open banking API to solve the issue of expensive solutions in the market, taking a swing at companies like Tink and Plaid in the process.

While the payments industry has reason to celebrate, last week also proved a boon for 38 FinTech companies closing investment rounds. The FinTech industry returned...

Point of sale (POS) financing SaaS provider FinMkt has teamed up with global solutions company Persistent.

Copenhagen-based FinTech Cardlay has secured €8m in capital from Global PayTech Ventures, venture fund managed by former Mastercard executive Javier Perez.

London-based invoicing and payment app Osu entered into a partnership with open banking infrastructure provider Yapily to eliminate payment fees for self-employed professionals and entrepreneurs.

CA-based all-in-one back-office platform for self-employed people Collective gathered $20m in Series A funding.

NatWest is now allowing customers to establish their own daily digital bank transfer limits to reduce the impact caused by authorised push payment (APP) scams.

Starling Bank has received accreditation by the British Business Bank to be a lender under the UK government-backed Recovery Loan Scheme (RLS).