News
Bill payment app Papaya secures $50m in Series B round
The funding round was led by Bessemer Venture Partners, with the new investment to be used to expand Papaya’s team and forge new partnerships.
Read MoreMoneyhub and Bud to take part in initial UK pensions dashboard testing
Pensions Dashboard Programme chose three commercial providers, in addition to the Money and Pensions Service non-commercial dashboard, for its alpha testing phase.
Read MoreKlarna partners with GoCardless to make ‘inroads’ into US
The BNPL provider has selected A2A payments provider GoCardless to offer bank debit payments to its US customers.
Read MoreNatWest collaborates with TrueLayer for first ‘live’ VRP transaction
NatWest’s Daniel Globerson called VRPs a ‘ground-breaking innovation’.
Read MorePAYSTRAX picks Sentinels to boost AML transaction monitoring for European payments
European merchant acquirer PAYSTRAX selected Europe’s leading intelligent transaction monitoring platform Sentinels to enhance the AML processes for its portfolio of European payment services.
Read MoreCredit Kudos finds 70% of UK lenders will use Open Banking by 2023
New research by Credit Kudos revealed that 47% of all lenders surveyed believe that Open Banking could help save time and cut the cost of credit decisioning in the future.
Read MorePlaid launches ‘Payouts’ product in UK
The new product will enable users to make instant withdrawals and refunds and aims to ‘drive adoption’ of Open Banking payments.
Read MoreApplications open for new CEO at OBIE
The ‘time critical’ CEO role has been created following a recent independent investigation into governance of the OBIE, with the new chief executive expected to work with the trustee, executive committee and board.
Read MoreCan Open Banking solve Canadian SMBs’ ‘top needs’?
Jeff Brown, Equifax’s senior director, small and medium business, moderated a panel at Open Banking Expo Canada in November, saying that ‘when it comes to providing financing and credit solutions to small businesses, the industry is still light years away from where it should be’.
Read MoreMambu valued at €4.9bn after EQT Growth-led Series E round
The latest funding round raised €235 million for the SaaS banking platform and will see EQT Growth’s advisory team join Mambu’s board of directors.
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