FCA provides warnings to banks over money laundering failings
The Financial Conduct Authority (FCA) has issued warning letters to retail banks due to ongoing weaknesses and failings around their financial crime controls.
Nearly £2bn lost annually by online retailers due to lack of available payment methods
A survey by Merchant Advice Service has found over £1bn is lost every year by online retailers due to a lack of available payment methods.
TrueLayer collects $130m in round led by Tiger Global and Stripe
Open banking platform TrueLayer has closed a $130m fundraise, which was led by Tiger Global and Stripe.
Standard Chartered pumps $500m into Atome to fuel BNPL rollout in Asian markets
Standard Chartered has inked a 10-year partnership with Atome Financial to help the company introduce its buy now, pay later (BNPL) service in select Asian markets.
BNPL firm equipifi bags $3m seed to extend market footprint
Arizona-based buy now, pay later (BNPL) company equipifi has raised $3m from a seed funding round led by New Stack Ventures.
More than half of consumers want more payment choices at the checkout
A recent study by payments platform Paysafe has found 52% of customers worldwide are keen to see more payment options available for use at the checkout.
What were the biggest PayTech deals of 2021?
In an age where the traditional form of in-person payments is being restricted due to Covid-19 restrictions, the rise of PayTech seems almost inevitable. With more people than ever now using payment technologies, the demand for funding is also climbing.
Rewire to protect European migrant community with Quover and AIG
FinTech start-up Rewire, which develops an online financial services platform for expatriate workers, has partnered with InsurTech Quover and insurer AIG to protect its customers.
UK-based ClearBank nabs ?175m investment
ClearBank, a next-generation clearing and embedded banking platform in the UK, has secured a ?175m equity investment.
Garentii lands €1.9m to change the future of renting
Garentii, a Germany-based security deposit replacement insurance MGA, has raised €1.9m in seed funding led by Greenlight Re.
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