Leading US banks to pilot low credit score credit scheme

Some of the biggest US banks have signed up for a government-supported pilot program aimed at using alternative data to provide credit for people with low or no credit score.

InsurTech Wrisk lands £4.6m in Series A funding to scale its insurance product

UK InsurTech Wrisk raised a £4.6m investment round led by QBN Capital and aims to build frictionless, mobile-first insurance experiences.

Financial wellbeing app ilumoni reels in £1.2m after beta launch

UK-based FinTech that aims to assist consumers with borrowing ilumoni raised £1.2m in an oversubscribed seed round.

Kidbrooke, additiv team up to meet rising demand for financial health and planning tools

Financial analytics API developer Kidbrooke has teamed up with additiv to help cater to the growing demand for financial health and financial planning tools.

Stripe acquires fraud prevention expertise with Bouncer purchase

Payments juggernaut Stripe has acquired card authentication technology company Bouncer for an undisclosed amount.

Retail investing platform Pickright Technologies said to secure $200,000 in funding

Pickright Technologies, which helps consumers to grow and manage money through investments, has reportedly collected $200,000 in funding.

BaaS platform Omnio bags €30m as it vies for European expansion

UK banking-as-a-service (BaaS) company Omnio has raised €30m in funding in a round led by GrayBella Capital.

Curve launches new crowdfunding round to boost global expansion

London FinTech Curve launched a new crowdfunding campaign on Crowdcube five months after closing its £72.5m Series C round.

Redwood Software collects €315m in funding round

Redwood Software, which builds cloud-based business and IT process automation solutions, has collected €315m in strategic funding from growth equity investor Turn/River Capital.

AXA suffers ransomware attack following ransom payments support removal

Insurance juggernaut AXA has suffered a cyberattack which saw it lose 3 TB of sensitive data from its Asian operations.

News Stories

Santander UK and NatWest back RegTech Ideagen in £100m round

Regulatory and compliance software provider for regulated industries Ideagen secured £100m through a new committed credit facility of £75m, with a further uncommitted of up to £25m.

POS terminal transaction volume to exceed $17.3trn by 2026

The total value of transactions processed by POS terminals will grow by 28% to exceed $17.3trn by 2026.

HKMA underlines next steps in Open API Framework introduction

The Hong Kong Monetary Authority (HKMA) has revealed its implementation plan for the third and fourth phases of its Open API Framework.

Leading US banks to pilot low credit score credit scheme

Some of the biggest US banks have signed up for a government-supported pilot program aimed at using alternative data to provide credit for people with low or no credit score.

InsurTech Wrisk lands £4.6m in Series A funding to scale its insurance product

UK InsurTech Wrisk raised a £4.6m investment round led by QBN Capital and aims to build frictionless, mobile-first insurance experiences.

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