40% of financial institutions could take a decade to implement open banking
A survey by open banking platform Tink has found that four in ten executives believe it will take their organisation between 5-10 years to fully implement open banking.
PayU teams with AU10TIX to simplify merchant onboarding process
FinTech firm PayU has partnered with identity management company AU10TIX to help streamline its screening and onboarding process.
PayTech Swapi reels in £860k pre-seed to expand team
UK e-wallet platform Swapi had raised £860,000 from a pre-seed funding round that included Trampoline Ventures.
Branded payments company Recharge.com secures $35m Series B
Recharge.com, which has designed a selection of consumer-branded payments, has raised $35m in its Series B funding round.
PayTechs replace banks as most important business partners for SMEs
Research by FinTech firm YouLend has found PayTechs and website and webshop providers have overtaken banks as the most important business partner for SMEs.
Why FinTechs are helping to democratise corporate remittance
A recent blogpost by Currencycloud has detailed how the FinTech sector is helping to level the playing field in the corporate remittance market.
Emerging markets set to lead mobile wallet uptake by 2025
A global study by Boku has found that emerging markets in Latin America and Africa and the Middle East are set to see the largest uptake in mobile wallets by 2025.
RazorPay said to secure funding from Salesforce Ventures
Digital payments company RazorPay, which recently tripled its valuation to hit $3bn, has reportedly collected further capital from Salesforce Ventures.
TrueLayer collects $130m in round led by Tiger Global and Stripe
Open banking platform TrueLayer has closed a $130m fundraise, which was led by Tiger Global and Stripe.
Wise introduces multi-currency investment solution to UK market
Wise has unveiled a new multi-currency investment feature that will give people and companies in the UK more autonomy in deciding how their money is held.
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