Afin Bank Secures Licence to Serve African Diaspora in the UK
Afin Bank, a digital lender focused on supporting people from Africa living in the UK, has secured regulatory approval to offer mortgages and savings products. The bank’s Authorisation with Restrictions licence allows it to begin lending ... Read More
Finastra Introduces Loan IQ Simplified Servicing to Streamline SME Loan Management
Finastra’s Loan IQ Simplified Servicing automates loan management for SME loans, improving efficiency, reducing risks, and promoting financial ... Read More
US Moves to ‘Open Banking’ with Personal Financial Data Rights Final Rule
The CFPB has introduced the Personal Financial Data Rights final rule, allowing US consumers to transfer financial data between institutions, advancing open banking. This regulation promotes competition by offering consumers better ... Read More
Europe’s Target Settlement System to Join Cross-Border Instant Payment Project
Europe's Target Instant Payment Settlement (TIPS) system will join BIS's Project Nexus to facilitate cross-border instant payments using ISO 20022 standards and centralized APIs. This move follows a successful proof-of-concept between ... Read More
LatAm Payment Startup Akua Lands $4.3 Million Seed Investment
Akua, a Latin American payments startup founded by ex-Mastercard and PayU executives, has raised $4.3 million in seed funding. The company will launch its acquiring infrastructure in Q1 2025, starting in Colombia and expanding to other ... Read More
Tide Acquires Payroll Provider Onfolk
Tide has acquired UK payroll provider Onfolk, further simplifying payroll services for SMEs. The Onfolk team will join Tide, integrating payroll as an embedded feature within the Tide app to streamline business finance ... Read More
Arab Financial Services Secures $50 Million Capital Injection
Arab Financial Services (AFS) raises $50 million in capital to enhance operations, expand into new markets, and innovate in the digital payments space. The funds will accelerate growth across the Middle East, Africa, and ... Read More
Pipe Makes Push into the UK with GoCardless
Pipe and GoCardless announce a partnership to revolutionize capital access for UK SMEs. After a successful pilot program, the full launch is expected in 2025, providing quick and seamless financing solutions via the GoCardless ... Read More
Temenos Introduces a SaaS Enterprise Service for Cross-Border Payments
Temenos has introduced a SaaS enterprise service for cross-border payments, designed to help PSPs, banks, and fintechs reduce costs and improve efficiency. The service supports real-time payments, ISO20022, and SWIFT, and leverages ... Read More
Pivot Payables Enhances B2B Payments with New American Express Integration
Pivot Payables enhances B2B payments through its new integration with American Express, allowing users to generate on-demand virtual cards for improved expense management and financial ... Read More