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The board of directors of Finland-based Alisa Bank and the shareholders of PURO Finance have agreed on the combination of the companies through a share exchange.
digital banking, acquisition, SMEs, banks, fintech
UK-based payments platform Mimo has secured a GBP 15.5 million investment led by Northzone to launch a platform that simplifies B2B payments.
SMEs, cash flow, B2B payments, funding, trade finance
Global Embedded Finance platform Liberis has partnered with UK-based ecommerce software provider Shop Circle.
partnership, ecommerce, embedded finance, SMEs
Royal Bank of Canada (RBC) has completed the acquisition of HSBC Bank Canada in a bid to expand the country’s international banking capabilities.
acquisition, merger, banks, financial services
UK-based cash deposit platform Flagstone has secured a GBP 108 million investment from Estancia Capital Partners to further accelerate its development process.
funding, investment, payments , online payments, mobile payments, digital payments, ecommerce
US-based Genesis Bank has announced its partnership with Fiserv in order to strengthen economic development and design a positive impact on local communities.
partnership, banking, online banking, mobile banking, digital banking, financial services, financial institutions, SMEs
LHV Bank, a newly UK-licensed bank, has announced that its Personal Savings products are now available on Flagstone, a cash deposit platform in the UK.
online platform, partnership, personal finance management, banking
Xero has launched two new payment features powered by Open Banking and e-invoicing, in order to optimise the way UK-based SMEs manage their cash flow.
product launch, partnership, Open Banking, Open Finance, online banking, digital banking, mobile banking, financial services, financial institutions
Sweden-based fintech Froda has partnered with Denmark-based software provider Ageras to increase access to finance for SMEs across Europe.
SMEs, financing , expansion, lending, partnership
Royal Bank of Canada (RBC) has partnered with global small business platform Xero to help businesses automate payments to suppliers.
partnership, banks, payments , SMEs
Tether has partnered with Lugano's 3Achain to boost city's blockchain growth and stablecoin, fostering tech adoption.
blockchain, partnership, SMEs, Bitcoin
UK-based Cynergy Bank has received a GBP 20 million Tier 2 capital facility from British Business Investments to be used across Cynergy Bank and Cynergy Business Finance.
SMEs, SME lending, funding, digital banking, COVID-19
Nigeria-based Wema Bank has announced a partnership with Enza aiming to leverage the latter’s payments solution to enhance its ecommerce payment capabilities.
ecommerce, banking, digitalisation, financial institutions, digital payments
Marissa Daniels, Senior Associate at Torys, discusses the budding progress of Open Banking in Canada, its regulatory pathway, partnerships, and rules, as the country eagerly awaits an Open Banking framework.
Open Banking, financial data, financial institutions, financial inclusion, data privacy, online security, API, fintech, banks, consent, cybersecurity, regulation
Synthetic identity is gaining prevalence and popularity with fraudsters in the financial crime space. What is Synthetic Identity? Why is it growing so quickly? And most important - is there any way it can be detected and stopped?
identity theft, synthetic identity, KYC, digital identity
ForgeRock’s Eve Maler provides valuable insights into how FIs can harness the power of embedded finance to enhance their security measures and deliver exceptional customer service.
financial institutions, data privacy, digital wallet, digital identity, online authentication
American Express has partnered with Australia-based fintech startup Bluechain to streamline the supplier payment process for SMEs.
partnership, e-invoicing, fintech, product launch
Wema Bank has announced the launch of its SME Business School 5.0., a programme designed for the development of small businesses in Nigeria.
product launch, product upgrade, online banking, digital banking, mobile banking, financial services, financial institutions, SMEs
The US Department of the Treasury has revealed the 2023 De-Risking Strategy, which examines the phenomenon of financial institutions de-risking.
de-risking, report, financial institutions, treasury
Startup investing community platform Roundtable has raised a EUR 3 million first round of funding to enable communities to invest in startups.
investment, financing , crowdfunding, expansion