Industry news
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.
Pensions Dashboard Programme chose three commercial providers, in addition to the Money and Pensions Service non-commercial dashboard, for its alpha testing phase.
The BNPL provider has selected A2A payments provider GoCardless to offer bank debit payments to its US customers.
NatWest’s Daniel Globerson called VRPs a ‘ground-breaking innovation’.
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.
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.
The new product will enable users to make instant withdrawals and refunds and aims to ‘drive adoption’ of Open Banking payments.
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.
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’.
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.
