Banking Infrastructure

US PayTech Resolve has raised $60m in funding to expand its embedded billing platform for business-to-business (B2B) companies.

UK FinTech startup Hydr has launched an invoice finance platform focused on tackling ‘poor payment culture’ among SMEs.

A Greenpeace-led report has found UK banks and assets managers were responsible for 805m tonnes of CO2 in 2019 – making it the ninth largest carbon emitter worldwide.

UK open banking platform TrueLayer has partnered with Spanish FinTech HeyTrade to launch a new digital trading app in Spain.

UK banks HSBC and Barclays have railed against open banking reforms as the amount they have spent to share customer data with smaller rivals has been 'significantly higher' than original estimates.

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.

With Trade Republic netting $900m and four startups earning the horn among 46 rounds, last week proved to be a great week in terms of FinTech investment, particularly for stock trading apps enterprises.

Australian buy now, pay later (BNPL) company Zip will expand into Europe and the Middle with the purchases of BNPL competitors Twisto and Spotii.

A study has found the mobile contactless payment market is expected to grow by 24% in 2021 to around $2.489trn.

Nigeran bank Polaris has boosted its digital presence with the launch of VULTe, its new digital bank.