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Perenna has been issued with an unrestricted bank licence by the Prudential Regulation Authority and the Financial Conduct Authority.
The deal via Commonwealth Bank of Australia’s venture arm x15ventures, will help the bank grow its ‘Stream Working Capital’ product.
“Upvest’s scalable and seamless API will empower Plum’s further growth in the European market,” said Upvest founder Martin Kassing.
John Godfrey, commercial director at Red Badger, explains how AI, interoperability and “radical simplification” are converging to shape new banking products and services.
TruStage Ventures led the investment and was joined by new investor Rockefeller Asset Management.
The digital-only bank will begin a phased rollout of personal loans, starting with employees, as it provides Mexicans with “more options to achieve their goals”.
NatWest is on a “mission” to deliver a sector-agnostic payments platform “to connect everything to everyone”.
GFT found that British consumers are evenly split between understanding and not understanding how the technology works.
The latest addition to Acquired.com’s payments product suite allows merchants to accept credit and debit card, Apple Pay, Google Pay and Open Banking payments via a single integration.
Modulr has been chosen as Wamo’s new BaaS partner to widen its product offering to EU and UK companies.
