Ten UK credit unions tap Engage for Faster Payments Service
The community banking platform’s FPS offering is projected to benefit 100,000 credit union members.
The community banking platform’s FPS offering is projected to benefit 100,000 credit union members.
With the new funding, Collective plans to accelerate AI deployment across its operations and add new features.
Dixon intends to “ensure fast and secure payments” and bolster Allied’s information security practices.
Citi Commercial Bank (CCB) says the new platform has been created “in close collaboration” with its clients.
The new seven-year agreement is to last until 31 March 2030.
The US payments platform is to cut 9% of its workforce by Q3 2023.
GoCardless CEO says the appointment brings them the the ability to make “fast and effective decisions”.
The company says it will use the funding to strengthen its governance and compliance.
Mambu’s cloud technology and Knowit’s loan origination solution are to support the SPK’s housing loan offering.
The company claims its new solution can identify “nearly every citizen in the world”.
Launching this September, Grow seeks to provide businesses with better cash flow, management and capital.
The agreement was confirmed by the signing of a MoU in Phnom Penh, Cambodia’s capital city, this week.
Backbase will enhance BRD’s digital banking services and customer experience.
Tarabut Gateway says Sanad excels “particularly in scaling growth start-ups post-Series A”.
Qardy will provide its financing services to Egypt’s SME community through Egypt Post’s numerous post offices.
Bailey’s appointment will seek to assist Silverbird in “liberating cross-border trade” for SMEs.
Ant Group and its subsidiaries have received a penalty of $984.3m, and Tenpay has been slapped a fine of $413m.
Flaws in its US and European payment systems meant that some declined transactions were wrongly refunded.
Apple is reportedly exploring a partnership with HDFC Bank in India to roll out a credit card offering.
Utilising Temenos’ core banking platform, BanCoppel aims to scale its operations and offer more banking services.
The pilots will seek to streamline historically cumbersome cross-border settlement processes.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The transaction is expected to close by Q1 2024, subject to regulatory approvals and closing conditions.
The start-up has also secured a $150 million consumer lending program with banking partner Pathward.
Leavy joins the company following a decade-long stint at US financial services firm SEI.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Jana has gone live with the solution in an effort to streamline and automate its operational processes.
SumUp has also appointed Anna Kuriakose as its new chief product officer (CPO).
The appointments signal a shift into the next phase of UniCredit’s development.
With the solution, corporate clients of DBS China will be able to collect payments from their customers in e-CNY.
The layer will maintain user privacy and offer protection from fraudulent activity and money laundering.
Lloyds Bank, NatWest, Monzo and TSB are some of the UK banks partnering with Mastercard for its latest offering.
The Law Commission has conducted the first-ever rigorous common law analysis relating to digital assets.
Tarashev, who joined Moneycorp as CFO in 2021, succeeds Mark Horgan, who will step down after 12 years as CEO.
Christian Channell joins the cloud-native platform following a 25-year career at Goldman Sachs.
Tencent Cloud will deploy its database management system TDSQL, to help the bank manage data efficiently.
Cheqly’s services include business accounts, physical and virtual Visa cards, ACH payments and wire transfers.
Financial authorities will work to bring about fair competition by allowing more players to enter the market.
Services are expected to include cross-border payments, merchant services and card issuance, among others.
Papara calls the acquisition a “crucial step” in its European expansion strategy.