Industry news
The real-time payments provider received the backing of IVP and CommerzVentures, among other fintech investors.
Custom Credit’s customers will be able to receive loan disbursements and make instant loan repayments using Ordo.
Payment providers will be able to initiate instant refunds directly from their virtual account to a consumer’s bank account.
Embedded lender Fluro will have access to Bud’s “advanced data intelligence capabilities” for a holistic view of customers’ financial wellbeing.
Peter Donlon joins the digital bank as chief technology officer and Kate Erb as chief operating officer.
The ClearScore Group is extending its partnership with Australasian credit bureau illion to New Zealanders.
Tink’s Tom Pope said the partnership is “yet another sign of the progress Pay by Bank is making into European payments”.
The organisation is undertaking a targeted review of risks identified in the delivery of the RTR, which is expected to take three months.
Barry Rodrigues, EVP payments at Finastra, writes about the many challenges associated with creating a digital currency in Europe and how banks can overcome the threats from CBDCs.
Merchants across the UK, Europe and Brazil will be able to offer Volt’s ‘Pay by Bank’ solution at checkout, with the solution rolling out to other countries later in 2023.
