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Mobility and urban services platform inDrive has launched inDrive Money, offering cash loans to drivers operating on its platform in Mexico.
lending, financial inclusion, product launch, credit card, expansion
A recent survey conducted by Chase has revealed that 62% of consumers consider their mobile banking app indispensable, with 78% utilising it on a weekly basis.
mobile banking, digital banking, credit scoring, transaction monitoring
Anti-money laundering prevention and compliance solutions provider Savy has partnered with Lithuania-based regtech AMLYZE.
partnership, AML, fraud prevention, compliance, regtech, fintech
US-based Varo Bank has extended its partnership with Temenos Banking Cloud to meet business needs and support regulatory requirements.
partnership, banking, fintech, online banking, mobile banking
Zopa, a digital bank, has raised GBP 75 million in Tier 2 capital, aiming to further accelerate its mission of growth.
funding, expansion, digital banking, investment, financial services
Dash Solutions, a payment and engagement technology provider, has acquired KyckGlobal, a fintech offering a suite of digital payment solutions, aiming to advance its payments platform.
acquisition, digital payments, online payments, fintech
UK-based data intelligence platform Bud Financial has partnered with Fluro to improve its decision-making through transaction AI and Open Banking data.
partnership, banking, mobile banking, online banking, digital banking, Open Banking, Open Finance, artificial intelligence
Fraser Whitelaw, Consultant at Be | Shaping the Future UK, elaborates on how tech companies have been changing the way traditional banks do business.
artificial intelligence, blockchain, biometrics, cross-border payments, FX , digital wallet, BNPL, merchants, P2P payments
Fingo Africa has announced its partnership with Ecobank to launch its digital banking platform, focused on providing services for young Kenyan customers.
partnership, product launch, mobile banking, online banking, digital banking, banking, online platform
The Paypers analysed significant investments in the fintech industry for Q4 2022, which saw a surge in funding that surpassed pre-pandemic levels despite a global decrease from 2021. Funding rounds indicate a preference for paytech, super apps for ecommerce, and digital lending.
Open Banking, Open Finance, embedded finance, online payments, lending, cryptocurrency, investment, The Paypers Quarterly Analysis series
US-based multinational data analytics and consumer credit reporting company Experian has partnered with Zopa Bank to provide customers with improved credit options.
partnership, Open Banking, online banking, digital banking
UK-based digital bank Zopa has announced it secured a GBP 75 million in funding from existing investors to accelerate growth and explore potential mergers and acquisitions.
funding, banking, digital banking, Unicorn, M&As, expansion, lending, P2P, fintech, investment, financial services
Metro Bank has announced it is entering the vehicle financing market in the UK with the launch of a digital car loan product.
banks, product launch, digitalisation, partnership, digital identity
US-based Experian has launched a new CreditLock feature in order to help protect its users in the context of rising cases of identity fraud.
identity fraud, product launch, fraud detection, fraud prevention
US-based marketplace for peer-to-peer loans HelpPays has integrated with fintech KyckGlobal to gain access to global payment networks and expand disbursement options.
marketplace, crowdfunding, partnership, cross-border payments, P2P lending
Prosper Marketplace, a US-based peer-to-peer lending platform, has closed a new USD 75 million financing round from Neuberger Berman.
funding, P2P lending, credit card, investment, artificial intelligence
National Bank of Pakistan (NBP) has implemented Finastra’s Fusion Trade Innovation solution to power its trade finance operations.
partnership, trade finance, banks, transactions , supply chain finance
Mollie, a Netherlands-based financial services provider, has launched Mollie Capital, a new arm of the fintech which will manage the lending products.
payments , product launch, financial services, fintech, merchant
Cristian Pasa, COO at Fagura, shares with us crowdfunding trends in Romania and Moldova
lending, marketplace, Open Banking, Open Finance, banks, fintech
Umba, a Nigeria-based digital bank, has acquired a 66.6% stake in Daraja, a Kenya-based microfinance outfit, as it aims to expand its presence on the continent.
banks, acquisition, merger, digital banking, digitalisation