Tide acquires SME payroll fintech Onfolk
Onfolk will be integrated into the Tide app as ‘Tide Payroll’.
Europe
LendInvest renews £300m warehouse financing deal with HSBC, Barclays, and BNP Paribas
In September, LendInvest also increased its funding agreement with JP Morgan by £500 million.
Pockit bolsters Monese acquisition with new board appointments
The fintech previously acquired mobile banking services provider Monese earlier this month.
GoCardless reportedly set to become the latest UK fintech to conduct a secondary share sale
Fellow UK fintech giants Revolut and Monzo have both conducted secondary share sales in recent months.
Embedded finance provider Solaris embarks on “new chapter of transformation”, says CEO
CEO Carsten Höltkemeyer says BaaS provider Solaris is “at a pivotal moment”.
Santander’s Openbank launches in the US
Santander says Openbank will initially offer US customers “a competitive high yield savings product”.
FCA debuts AI Lab to promote safe use of AI in UK financial sector
The AI Lab is designed to facilitate the “safe and responsible use of AI in UK financial markets”.
Wise joins Japan’s domestic payment network Zengin
Wise will be able to process real-time payments in Japan directly, without intermediaries.
Zenus Bank launches global BaaS offering following Tuum tech integration
Zenus Bank says it has integrated Tuum’s Accounts and Payments modules into its tech ecosystem.
FintechIO introduces new A2A payments platform Blip-Pay
Blip-Pay was unveiled at this month’s Open Banking Expo in London.
ICYMI fintech funding round-up: Abhi, Emerge, Diesta, and Axyon AI
A handy round-up of the recent funding endeavours of fintech companies across the globe.
UK fintech infrastructure platform Manigo snapped up by Invex Ventures
The acquisition comes after Manigo entered administration last month.
UK government looks to strengthen BNPL protections with launch of latest consultation
The consultation proposes clearer information for BNPL consumers, as well as stronger dispute rights.
Klarna sells UK loan portfolio to hedge fund Elliott Advisors in £30bn deal
Klarna says it will still own “all consumer-facing activities, including underwriting and servicing”.
Morocco’s CIH Bank taps Backbase for Engagement Banking platform
CIH Bank will use the platform to onboard both local customers and Moroccans living abroad.
Barclays signs agreement to become exclusive issuer of GM credit card programme
The bank will replace Goldman Sachs as the issuer of the US automotive giant’s credit card programme.
Santander UK enters open banking payments partnership with Token.io
Customers will now be able to make direct A2A payments from external accounts to repay credit cards.
Dutch fintech start-up Tebi bags €20m Series A funding
Tebi offers a financial platform tailored for independent hospitality and retail businesses.
Augmentum Fintech appoints tech entrepreneur William Reeve as new chairman
Reeve’s 35-year career includes roles at IBM, NatWest, McKinsey, and Nutmeg.
Citi and Mastercard collaborate to enable cross-border payments via debit cards
The partnership will enable cross-border payments to Mastercard debit cards in 14 receiving markets.
White paper: Combatting APP fraud – how to build a best-in-class fraud prevention solution
Strategies for banks to combat APP fraud, insights into payment security and protection against threats.
Monzo achieves $5.9bn valuation with employee share sale
This follows Monzo’s June announcement of its first annual profit.
ICYMI fintech funding round-up: Bitlayer, Quartr, FutureMoney, Solifi and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Aleph acquires majority stake in Argentinian PSP Localpayment
Rebranded as Localpayment by Aleph, the PSP is to launch in Africa, the Middle East and Asia.
TSB Bank fined £10.9m by FCA over handling of customers facing financial difficulty
The fine follows an independent review commissioned by the FCA in July 2020.
Italy’s Banca Sella becomes first European bank to launch QR code for the visually impaired
Banca Sella to implement TQ Braille, Arti Grafiche Parini’s tactile identification solution.
Banked buys open banking paytech Waave to drive Pay by Bank solution in Australia
Banked has secured a partnership with Aussie pharmacy giant Chemist Warehouse through the acquisition.
Multitude Bank secures €15m majority shareholding in Norwegian digital challenger Lea Bank
The bank’s shareholding is expected to increase to 18.6% if approved by regulators.
UK challenger Monese to be acquired by fellow fintech Pockit
Pockit is to invest £15 million into Monese to support the “integration and future growth of the business”.
Pension management company Indexo launches bank in Latvia powered by Mambu
Mambu’s integration with Indexo Bank has been underway since March last year, and was led by IT solutions provider Fintecor.
Spendesk’s CEO to step down, replaced by Jellysmack’s Axel Demazy
Outgoing CEO Rodolphe Ardant is shifting into an advisory role.
CellPoint Digital promotes Michael Sørensen to CTO
CellPoint Digital has also promoted Steven Osei, its global head of marketing communication, to CMO.
RTGS.global co-founder Nick Ogden resigns
Ogden’s departure comes shortly after the resignation of his fellow co-founder, Andrew Smith.
Former Deliveroo executive Adam Miller joins Swedish paytech Trustly as group CFO
Miller succeeds Jonas Palmquist, who has acted as Trustly’s group CFO since October last year.
BBVA headed for 2025 token pilot with new Visa asset platform
The bank is leveraging Visa’s new tokenised asset platform, which launched this month.
Qonto appoints Natalia Williams as new chief product officer
The new hire comes amid Qonto’s efforts to expand into four new European markets.
Erste Group in Austria partners Salt Edge for CEE multi-banking services
The bank is to leverage Salt Edge’s account information solution.
TreasurySpring names Tom Ryan as new global head of partnerships
Ryan’s role will include expanding TreasurySpring’s global presence across both the US and European markets.
UK’s PSR mandates “guaranteed minimum level of protection” against APP scams
The provisions will enable consumers to receive faster reimbursements in cases of APP scams.
Temenos appoints Barb Morgan as new chief product and technology officer
Morgan succeeds Prema Varadhan, who is stepping down after 25 years with the company.
