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News

CRIF partners with iwoca ‘to make instant finance a reality’ for SMEs

By Ellie Duncan | 14 March 2023

According to iwoca, 82% of SME finance brokers said major banks have reduced their appetite to fund SMEs.

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Yapily readies for European expansion with VP of sales Europe hire

By Ellie Duncan | 14 March 2023

Lisa Gutu joins the Open Banking platform, having worked at Trovata and Salt Edge.

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Lloyds Banking Group backs digital ID fintech Yoti

By Ellie Duncan | 13 March 2023

The banking group has invested £10 million in Yoti to help broaden its range of digital identity solutions.

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Value of CBDC payments to hit $213bn annually by 2030

By Ellie Duncan | 13 March 2023

A new study by Juniper Research found that governments’ efforts to improve financial inclusion will be behind the growth.

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HSBC rescues UK arm of Silicon Valley Bank in £1 acquisition

By Ellie Duncan | 13 March 2023

The rescue deal, which was facilitated by the UK Government and Bank of England, safeguards SVB UK’s customers’ deposits.

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Mercedes-Benz uses Visa’s technology to power in-car payments

By Ellie Duncan | 10 March 2023

Mercedes pay+, which has initially launched in Germany, turns the car “into a payment device”.

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Australia’s Cuscal acquires Open Banking platform Basiq

By Ellie Duncan | 10 March 2023

Cuscal’s MD said the agreement will “cement our position as a leading provider of payments and regulated data services in Australia”.

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Railsr secures future with sale to consortium of investors

By Ellie Duncan | 10 March 2023

The embedded finance platform has been purchased and re-capitalised with backing from D Squared Capital, Moneta VC and Ventura Capital.

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Zilch partners with Yapily to improve customers’ access to ‘responsible’ credit

By Ellie Duncan | 9 March 2023

By teaming up with Yapily, Zilch can maximise “the consumer benefits of Open Banking technology”, Philip Belamant said.

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Experian trials new service helping ‘credit invisibles’ build a credit file

By Ellie Duncan | 9 March 2023

Through the initiative, currently being piloted in the UK, individuals without access to mainstream finance can build their credit file in only three months, via Open Banking.

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