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Latest news

Open Banking SWG: Role for OBIE’s successor as ‘central standard-setting body’

The final report from the Strategic Working Group secretariat for the Joint Regulatory Oversight Committee highlighted “divergent views” among stakeholders about a future entity, data-sharing next steps and ecosystem reliability.

Ezipay teams up with MFS Africa to enable cross-continent remittances across Africa

Africa’s domestic e-payments market is forecast to swell to $40 billion by 2025.

UK government opens consultation on proposed BNPL regulation

Stakeholders are being invited to respond to the eight-week consultation, which is proposing the creation of a temporary permissions regime.

TD Bank unveils Black Entrepreneur Credit Access program

The program will provide Black-led businesses with dedicated support and financing, addressing the “obstacles” Black entrepreneurs typically face.

UAE’s central bank to issue CBDC and launch instant payments platform

The implementation of new digital payment infrastructure and services is the first stage of a new Financial Infrastructure Transformation Programme.

Credit card application fraud in UK hits record level in 2022

New data from Experian also showed a “striking” rise in first-party fraud in the UK.

Fintech Omnio secures €9m of equity funding

Omnio, which is targeting a €12 million fundraise, will use the working capital to complete its upcoming merger with Nordiska and Swiss Bankers, and a market listing.

Payit by NatWest’s new ‘Reusable Links’ feature used for corporate giving

CMS has become the first business to adopt the new feature by NatWest’s Payit to enable digital collection of charitable donations.