Barclays fined £8.4m by payments regulator for breaking interchange fee rule
The PSR has fined banking heavyweight Barclays £8.4 million for failing to comply with the IFR.
Payments
US fintech Teampay secures $47m in Series B funding
The fresh funding brings Teampay’s total capital raised to $65 million.
ICYMI fintech funding round-up: Buckzy, FrankieOne and Ejara
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures Jobs: Five reasons why remote work might not be right for you
Explore thousands of open roles on the Fintech Futures Job Board today.
Survey & report: The race to ISO 20022
Download Celent’s survey and report based on over 200 banker interviews and deep analysis.
White paper: FedNow is almost here!
Everything you need to know before the launch of FedNow – a new real-time payment and settlement service in the US.
PagoNxt names Amazon VP of finance Olatz Urroz as new CFO
Urroz, who has worked at Amazon since 2019, will start her new role in December.
Fintechs Canada launches to drive innovation in the country’s fintech sector
The not-for-profit association is looking to work with policymakers in a “whole-of-government” approach.
Mangopay acquires fraud detection and prevention firm Nethone
Mangopay intends to develop and offer anti-fraud solutions designed specifically for marketplaces.
Three tips for navigating global payments as you expand internationally
Branching into new markets brings serious challenges when it comes to managing payments on a global scale.
UK fintech start-up Paytrix appoints David Sola as new CFO
Sola has previously served as a managing director at UBS, Houlihan Lokey and Softbank Europe.
Freedom Bank of Virginia partners Autobooks for new digital invoicing solution
The bank’s business clients can now generate professional invoices with an integrated ‘pay now’ button.
Equals Group to acquire open banking payments platform Roqqett in £2.25m deal
Equals will pick up Roqqett’s AISP and PISP licenses through the acquisition.
UK’s ClearBank hits profitability as revenues soar
The firm says it has generated £45.4 million in revenue since the beginning of this year.
Four trends impacting bill payments: how to reduce risk while making them work for you
Serving your customers respectfully and effectively is especially important in times of economic uncertainty.
UK challenger Tandem partners Cogo to help customers track their carbon footprint
Cogo’s tech will feature on Tandem’s green living hub, with plans to integrate directly into the bank’s app in 2023.
Pleo and TravelPerk team up for travel expense automation
TravelPerk’s platform will simplify and automate the travel expense experience for Pleo’s users.
Thought Machine’s core banking system to “reinvent” Payset
The go-live of Thought Machine’s Vault Core is expected in April 2023 at Payset.
BVNK acquires fellow paytech System Pay Services
SPS is registered as an electronic money institution in the UK.
FinTech Futures: Top five stories of the week – 25 November 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
ICYMI fintech funding round-up: Atoa, Djamo, Flourish, Hardbacon & Nine25
A handy round-up of this week’s fintech funding news from around the world.
Thailand and Vietnam launch QR code cross-border payments link
The payments link between the two nations is designed to “enhance consumption and tourism”.
FIS reportedly looking to cut thousands of jobs under new CEO
Bloomberg reports that the cuts to the workforce are expected to be staggered.
Spanish employee benefits platform Cobee raises €40m Series B
Cobee plans to expand throughout southern Europe and into Latin America, particularly Mexico.
Featurespace bags funding from US, UK govs to build new financial crime detection solution
Featurespace is developing an AI-powered system to help banks and PSPs detect financial crime.
Corporate payments fintech Onbe hires new CTO, CFO to drive growth
Brent Coles joins as chief financial officer while Suresh Kumar is Onbe’s new chief technology officer.
Service orchestration: connecting the dots in payments
Service orchestration can help businesses optimise payments and checkout processes.
What the FinTech? | S.3 Episode 17 | What’s next for BNPL?
In this episode of the podcast, we’re joined by Gaurav Sethi, chief product and strategy officer for Citizens Pay.
Social trading platform Naga taps TrueLayer for A2A payments
Naga users will be able to top up their accounts using A2A payments authenticated via biometrics.
Credit card financial inclusion fintech Mercury hires Jason Whiting as CFO
Whiting will join Mercury Financial from Barclays where he served as head of strategy for the Americas.
Evolution and revolution in global remittances
Flexible solutions for remittances are needed now more than ever to service evolving customer needs.
Sella launches pilot of biometric credit card in Italy
The biometric card is being issued by Sella on the Visa scheme, developed in partnership with Idemia.
Visa appoints Ryan McInerney as new CEO
From February 2023, current CEO Alfred Kelly will become executive chairman of the board.
HDFC Bank taps Flywire for digital educational payments experience
The integration will provide a fully digital checkout experience for Indian students to make transactions.
UK fintech funding round-up: Banked, Boodil and AGAM
A handy round-up of the recent funding endeavours of fintech companies, this week, based in the UK.
Research paper: The payments processing opportunity for banks
Icon commissioned Celent to carry out research exploring the payment processing opportunities for banks.
Dubai-based fintech Leap aims to improve youth financial literacy
The Dubai-based start-up wants to improve youth financial literacy, targeting the under-18s.
US banking sector launches digital asset settlement proof of concept
US banking heavyweights will explore the feasibility of a DLT-powered interoperable digital money platform.
Japanese paytech unicorn Opn acquires US firm MerchantE
Both firms will share technology and best practices, as well as jointly develop new products and services.
Mastercard partners bpost and Nickel to launch inclusive card options
Belgium’s bpost and France’s Nickel will offer Mastercard’s True Name option to customers.
