In one month’s time, the UK will reach the Financial Conduct Authority’s six-month delayed deadline for the implementation of PSD2, and Strong Customer Authentication (SCA) will finally be enforced for online banking. SCA is applied in many different areas whilst transacting online. More and more consumers value the convenience of online banking and payment platforms, […]
Monese has announced the next step in its global expansion with the launch of Romanian currency accounts. The new RON account from Monese comes with a Romanian IBAN and Romanian language customer support, a first for a global fintech servicing customers in Romania. With Monese, customers can open multicurrency accounts within minutes. Using their existing […]
PPS, formerly PrePay Solutions, and subsidiary of Edenred, the everyday companion for people at work, has today been approved to become an issuer and processor of Visa. Through the partnership, PPS will be able to offer its customers, including fintech providers and challenger banks, full access to Visa’s products, including issuing Visa branded cards. Incorporating […]
TFS, which specialises in ‘guarantor’ unsecured credit and lending to those unable to access high-street banks, is now using Lending Metrics’ award-winning automated underwriting platform Auto Decision Platform (ADP), together with its LMX and OpenBankVision products. Having used credit reference data, TFS Loans wanted to use the latest Open Banking technology to get 100% accurate […]
Leumi UK – the London-based subsidiary of Israel’s leading international bank – and LeumiTech, Leumi Group’s technology banking practice hosted a joint tech-focused discussion, bringing together influential figures from the technology industry – including senior representatives from Google, Facebook and Amazon – to engage in an open discussion on the state of the tech landscape […]
Simply, the SME funder, announced today that it has just completed its first deal enabled by open banking technology. The customer, who was talking to Simply about a funding package, was asked to provide permission for the lender to access her banking data. She was sent a link to authorise, and within minutes, Simply was […]
Paris and Shenzhen based fintech startup, EasyEuro, offering digital banking services to SME trading between Europe and Asia – with initial focus on China, has announced the completion of a US$4m pre-A funding round. This round of financing is mainly to be used to accelerate company growth in product development, talent recruitment and market expansion. […]
Eazipay Ltd, one of the UK’s leading direct debit and automated payment processing companies, is celebrating a major milestone having just seen its direct debit processing and collection volumes break the £4bn mark. In January 2020 alone, over £77m worth of direct debits were processed on behalf of its clients – a mix of SMEs […]
The rise of innovative technologies in finance naturally sparked an interest in digital banking. No wonder it has become a catch-all thing – while the competition in disruption is quite intense, many traditional banking institutions are currently attaching themselves to the idea of a digital bank in order to look more modern. Many new electronic […]
Global fintech company Paysend has partnered with Pakistan’s JS Bank to support the launch a new payment solution for freelancers. The ‘Freelance Wallet’ will enable freelancers in Pakistan, estimated at 1.15 million in number and earning in excess of $1bn per year, to be paid on time and in full. The JS Bank Freelance Wallet […]
