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.
Monzo to fire 120 people as the neobank continues to struggle because of COVID-19
UK challenger bank Monzo is facing new setbacks as it is reportedly going to cut 120 jobs.
Monzo begins international roll-out after landing regulatory approval for RoI
UK challenger bank Monzo has received regulatory approval to operate in the Republic of Ireland.
PayU teams with AU10TIX to simplify merchant onboarding process
FinTech firm PayU has partnered with identity management company AU10TIX to help streamline its screening and onboarding process.
Social investing startup InvestSky picks up $3.4m pre-seed
InvestSky, a social investing platform for retail investors, has secured $3.4m in its pre-seed funding round, to support its mission of making investing more inclusive.
Digital engagement platform Flourish Savings said to close $1.5m
Flourish Savings, a digital engagement platform aimed at financial institutions, has reportedly raised $1.5m in a fresh funding round.
Arcesium secures investment from J.P. Morgan
Investment management technology developer Arcesium has received an investment from J.P. Morgan.
Now Money raises $1.46m in bridge funding round
Now Money, a company which provides mobile banking technology to low-income migrant workers, has raised $1.46m in a bridge funding round.The Gulf-based company has...
Digital bank Quontic reveals new partnership with MANTL that it says COVID-19 shows the...
Adaptive challenger bank Quontic has signed a new deal to boost its customers’ experience with banking technology firm MANTL. With the coronavirus plaguing the economy, the news could potentially not be more timely.
Cashplus signs two debt financing deals to support offering expansion
Personal Banking platform Cashplus has closed two three-year debt financing deals, which total £30m.