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Industry news

Uber partners with HSBC in Egypt to launch Flexpay for drivers

The financially-inclusive digital payments solution enables on-demand cashouts into mobile wallets.

US fraud prevention platform Alloy establishes UK presence

The fintech’s new London office marks its physical site outside the US, as it eyes further global expansion.

Canadian small business owners say Open Banking framework should take their ‘needs’ into account

Research by Mastercard Canada found that the majority of small business owners already use digital financial tools, with security a high priority.

Neobank Lunar secures €35m in new capital

The Nordic fintech will use the capital injection to offer new digital banking solutions to customers.

FinTech Australia, FDATA ANZ write to ACCC about CDR rules ‘breach’ by ING and call for action

In a joint statement, the organisations have raised “serious concerns” about the bank’s decision to transition to a new Consumer Data Right solution, but ING said its update will “ultimately enhance the Open Banking experience”.

Tide plans to scale credit intermediation business as Funding Options deal completes

The acquisition means Tide members will be able to use Funding Options’ panel of more than 120 lender partners.

GoCardless launches product giving access to global bank payment network

Third party payment providers can integrate GoCardless Embed into their platform through a single API.

Lending Standards Board strengthens CRM Code to tackle APP scams

Updates to the UK-based Code require signatories to “go further” in identifying new and existing accounts “at higher risk” of criminal activity.

TrueLayer and Incredible ‘pioneer’ VRPs for credit repayments

TrueLayer’s Nick Tucker called variable recurring payments for sweeping “a step change for debt management”.

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