Klarna under fire by Swedish watchdog for bank secrecy breach

Sweden's financial watchdog Finansinspektionen is investigating payments firm Klarna over a potential breach of banking secrecy laws in connection with an IT incident at the firm in May.
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Tokopedia bags $1.1bn investment from Alibaba Group

Indonesia-based online marketplace Tokopedia has raised an investment round of $1.1bn, led by Alibaba Group.

Cross-border QR payments introduced in Thailand, Indonesia in pilot trial

A trial conducted by central banks in Thailand and Indonesia will see the implementation of cross-border QR payments across both countries.
Try-before-you-buy French FinTech startup Elyn bags $2.7m

Try-before-you-buy French FinTech startup Elyn bags $2.7m

Elyn, a French FinTech that aims to let customers try items before they have to pay for them, has reportedly raised $2.7m in its pre-seed round.

Zeta, Mastercard partner in 5-year deal

Banking unicorn Zeta has formed a five-year global partnership with Mastercard, which will see the pair of firms jointly launch credit cards.

CitiXsys scores $20m in its Series B led by Housatonic

Omnichannel retail management solution provider CitiXsys has scored $20m in its Series B round which was led by Housatonic Partners.
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Silicon Valley-based Crowdz lands funding from Chinese VC

Crowdz, a B2B e-commerce transaction network based on blockchain and artificial intelligence, has reportedly raised new funding.

BNPL giant Klarna joins forces with luxury label Yoox Net-A-Porter to expand its payment...

YOOX NET-A-PORTER GROUP, the online luxury and fashion company, has partnered with Klarna, the buy now pay later service to boost customer experience and payment options.

ProjectPay unveils platform to streamline construction industry payments

UK payment platform ProjectPay has introduced a software-as-a-service (SaaS) platform to help simplify and streamline payments in the building and construction industry.

Revolut picks BearingPoint RegTech to help it comply with regulations post-Brexit

Payments unicorn Revolut has taken another step to prepare for Brexit by picking BearingPoint RegTech’s Abacus360 Banking solution.

News Stories

LendingClub reveals the strain of seasonal expenses on US financial health

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, and PYMNTS Intelligence have partnered to shed light on the financial challenges faced by US consumers.

Robin Smith takes on Chief Revenue Officer role at Praxent

Praxent, a financial services digital consultancy, has expanded its leadership by ushering in Robin Smith as Chief Revenue Officer. Smith, an enthusiast of FinTech and...

ESMA shifts focus: Navigating the digital and green transitions in 2024

The European Securities and Markets Authority (ESMA) has recently unveiled its work programme for 2024.
This week saw the FinTech sector flounder compared to seven days ago, as the space failed to meet the $1bn mark in deals completed.

FinTech sector drops this week with only 24 deals

This week saw the FinTech sector flounder compared to seven days ago, as the space failed to meet the $1bn mark in deals completed.

SEC reviews Scope 3 emissions in upcoming climate disclosure rules

The U.S. SEC has received feedback against the inclusion of Scope 3 emissions in their proposed climate disclosure rule.

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