NatWest Group fined £1.82m for overcharging credit card interchange fees
NatWest, RBS, Ulster Bank and Coutts incorrectly treated a number of cards as being ‘commercial’ cards.
NatWest, RBS, Ulster Bank and Coutts incorrectly treated a number of cards as being ‘commercial’ cards.
Lightspark aims to “explore, build and extend the capabilities and utility of Bitcoin”.
The Series A cash will go towards expanding Elwood’s product offerings and global operations.
Santander expects to fully complete the transition within the next two to three years.
The Series F pegs Chainalysis’ valuation at $8.6 billion.
Zaki will lead strategic partnerships for the fintech firm as part of his new role.
Experian will buy a 51% stake in MOVA for $7.9 million.
LeapFrog and Tana will work with Interswitch to increase its customer base and develop new products.
Altro aims to help people build credit through recurring payments and subscriptions such as Netflix and Hulu.
Existing investors Octopus Ventures, Opera Tech Ventures and SBI Investment also participated.
Appian believes the $2 billion judgement is the largest award in Virginia state court history.
Global investment manager Franklin Resources and fintech-focused investment firm Motive Partners participated.
Solidus Labs enables safer crypto trading across centralised and DeFi markets through its solutions.
We’re launching a new virtual event, FinTech Futures Edge: PayTech, taking place on 21 July.
Nets is part of European paytech conglomerate Nexi Group, which will own 100% of orderbird.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Dock says the new capital will turbocharge its product development and international expansion plans.
SHB will leverage Temenos’ open architecture to deliver personalised and AI-supported customer journeys.
The round was led by SVB Financial Group and Piper Sandler Merchant Banking.
Our weekly fintech round-up for you to get the latest funding news from around the world.
A handy round-up of the recent funding endeavours of fintech companies across EMEA.
The new facility follows a $50 million Series D raise in October 2021.
The deal is set to close later this year.
BVNK’s CEO says the funds will allow the company to “expand our services, markets and operations”.
The CFPB alleges BofA unlawfully garnished at least 3,700 out-of-state accounts since August 2021.
Sood joins from GoCardless, where he was most recently vice president of small business.
Economic secretary to the Treasury John Glen says: “We know that access to cash is still vital for many people.”
The Series B round, the largest fintech Series B in Egypt, was led by Kora Capital, PayPal Ventures and Clay Point.
The deal will also see Systems Limited acquire NdcTech’s subsidiaries in the UAE and Singapore.
With the acquisition, Ebury aims to expand its offerings in Brazil.
The round was led by Jump Crypto with participation from Circle Ventures, IDG Capital and Matrix Partners.
The collaboration seeks to address supply chain financing friction and cashflow challenges.
Existing investors Andreessen Horowitz, PayPal and Fidelity also took part in the round.
The core banking system will be used to support BOC’s custody and clearing business.
Tumelo helps investment platforms, robo-advisors and pension providers engage investors with shareholder voting.
Oracle FS has landed new-name deals for its Flexcube core banking system in Portugal and Nigeria.
According to Bloomberg, Thoma Bravo has held initial takeover talks with the Swiss banking software provider.
Founded in 2015, GradFin offers advisory solutions for people wanting assistance with their student loan debt.
Capitec is South Africa’s largest digital bank, with more than 10 million customers.
Ziraat Bank and a challenger bank will implement a broad range of Oracle FS tech.