Singapore’s Spenmo secures $34m in Series A round

The investment was led by Insight Partners, whose principal Rebecca Liu-Doyle said the payments industry in Southeast Asia is ‘ripe for disruption’ and will join Spenmo’s board.

Circle and Plaid integrate to speed up ACH payments

Plaid’s instant account verification means end users can directly connect their bank accounts to immediately start moving funds via ACH.

Tink and Serrala join forces to improve bill payments

The channel partnership will bring Open Banking-powered payments to European billers.

LUXHUB granted AISP and PISP licenses

The new licenses means that LUXHUB has become ‘Luxembourg’s first and only full-scope Open Banking enabler’.

MarketFinance raises £280m as it becomes Recovery Loan Scheme lender

The debt and equity fundraise means that the lender will be able to lend immediately through the British Business Bank’s scheme.

Temenos collaborates with Vodeno and Aion Bank

The strategic alliance aims to ‘capture the BaaS market opportunity in Europe’.

TD Bank enters data access agreement with Envestnet Yodlee

Customers of the bank will be able to connect their finances digitally and securely.

JP Morgan brings digital bank brand to UK

Chase, which is the largest consumer bank in the US, will offer UK customers a current account and rewards programme initially.

Modulr hires Marca Wosoba to head up new Netherlands office

The UK-based company has an EU-wide expansion strategy that will be rolled out in 2022 and 2023.