UK’s PSR says Visa and Mastercard face “no effective competition” for core scheme and processing services
The findings are from the regulator’s newly published interim report on scheme and processing fees for cards.
The findings are from the regulator’s newly published interim report on scheme and processing fees for cards.
Fideuram first made a $20 million investment in Alpian back in 2022.
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The regulator says it is suing the firm for “deceiving borrowers and illegally extracting fees”.
The bank’s CEO says the partnership will deliver “secure and adaptable financial tools” to consumers.
Chetwood states that the purchase will complement its forthcoming ModaMortgages proposition.
The investment aims to “help connect young people and underserved communities to economic opportunities”.
The bank projects that the new investment will allow it to increase its lending to £500m over the next year.
The Malaysian bank plans to launch a digital Islamic banking super-app “by the end of the year”.
Neuflize Vie was founded in 1990 as part of a joint venture between AXA and ABN Amro.
Agora will use the funding to “accelerate its expansion efforts” and further develop its product offerings.
Iberpay will serve as the clearing and settlement mechanism, through Santander, for OCT Inst transactions.
The Singapore-based start-up plans to utilise AI to further develop its product offerings.
New products include a Passkey service, Visa data tokens and the Visa Flexible Credential for payments.
Almutairi previously served as CTO at STC Pay for nearly five years.
Fullerton will also manage the firm’s global service centres.
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Cache Valley Bank also plans to migrate all on-premises software to the cloud over time.
The US-based start-up has also introduced its new “homegrown bank aggregator” called Aerosync.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The tool aims to help small businesses comply with the UK’s upcoming Making Tax Digital initiative.
Our pick of the top fintech news stories this week includes BBVA, Deutsche Bank, Lemonway and more.
The funding consists of $150 million in debt financing and $15 million in equity.
Lydia says it plans to pump over €100 million into Sumeria over the next three years.
Through this acquisition, Cube aims to “set a new bar for the industry in regulatory automation”.
The bank has also tapped Temenos’ US Model Bank to “meet the unique business needs of the US market”.
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PVcomBank has been running on Temenos Core for retail and corporate banking for over 10 years.
The pilot was conducted through the fintech supervisory sandbox hosted by the Hong Kong Monetary Authority.
Zajac’s most recent positions include serving as CTO at Blackberry and the UK-based fintech Railsr.
The bank will utilise Corserv’s Account Issuer solution to power its new credit card offering.
Emirates NBD will implement Pine Labs’ Credit+ solution.
The partnership aligns with Chiba Bank’s mid-term plan to shift to a customer-focused business model.
Applications are to remain open until 31 May, with the final list of participants to be announced on 9 August.
Céline Bayer and Nicolas Vigier have been named Lemonway’s new CFO and CTO respectively.
Roper, who joined the company last year, is set to depart in October.
In addition, the fintech revealed it was on the hunt for additional investors for its ongoing seed funding round.
In this episode of the podcast, we’re joined by Bivu Das, UK Managing Director at Kraken.
The round represents Data Zoo’s first ever outside investment.
Thimsa will initially launch its payments platform in beta in the UAE and Bahrain.