Rising Bank adds mortgage loans and insurance services to platform
Digital financial institution Rising Bank has expanded into the mortgage sector by offering financial solutions through its digital platform to aid homeowners with home loan options.
TransferWise launches business offering
TransferWise, the London remittances startup valued at $1.1bn, is launching TransferWise for Business to cater to SMEs sending money abroad.
Airwallex hits $4bn valuation after second investment round this year
PayTech unicorn Airwallex has been valued at $4bn following the close of an oversubscribed Series E round, which comes just months after it closed a Series D extension.
Token driving UK open banking payments expansion, research finds
Market share statistics by CMA9 – the nine largest UK banks – has found open banking platform Token is driving the adoption of open banking payments in the country.
TerrayPay, Beyon Money partner to improve remittance in Bahrain
Global payments infrastructure company TerraPay has teamed up with financial super app Beyon Money to help remitters in Bahrain.
Intermex and Visa join forces to revolutionise money transfers globally
International Money Express, a leading omnichannel money transfer services company, and Visa, a global pioneer in digital payments, have announced a significant collaboration.
TransferWise gains direct access to the UK’s Faster Payments Service
London-based remittance startup TransferWise is gaining access to the UK’s Fast Payments Service (FPS), through a technical partnership with Raphaels Bank.
dLocal becomes Uruguay’s first FinTech unicorn after closing new funding round
Cross-border payment platform dLocal has joined Latin America’s growing list of FinTech unicorns, following the close of a $200m round.
CurrencyFair picks up €8m for P2P currency exchange
Peer-to-peer currency exchange marketplace CurrencyFair has closed €8m in a new round of funding. The capital comes from existing backers Octopus Ventures and Frontline Ventures.
UK bank employees international payments dissatisfaction
Only 51% of UK bank employees recommend their institutions' international payments services, according to a revealing survey commissioned by Wise. The findings underscore the pressing need for banks to revamp their cross-border payments solutions if they hope to stay competitive against dedicated international payment providers.