Archive for November 2021
Insight: How fintech is facilitating the future world of work
A new report finds a third of businesses are crying out for freelancers – but can’t pay them on time. Sonovate’s Richard Prime explains which fintech trends are helping businesses to accommodate the rising freelance demographic.
Read MoreCanadian SMEs need convincing about Open Banking
Delegates at Open Banking Expo Canada heard from speakers at the last panel of the Confex that small businesses are sceptical about data sharing and will need the fintech community to ‘communicate the benefits’.
Read MoreAllica Bank secures £110m in Series B funding round
Atalaya Capital Management led the investment, with Warwick Capital Partners, Allica Bank’s majority shareholder.
Read MoreLandsbankinn teams up with Salt Edge to comply with PSD2
The Icelandic bank has chosen Salt Edge’s PSD2 compliance solution and has opened a sandbox, hosted by Salt Edge, for fintechs.
Read MoreWeavr teams up with Germany’s finway
The fintechs have partnered to be able to issue physical and virtual cards for SMEs.
Read MoreTide opens platform to non-account holder SMEs
The Open Access move aims to introduce competition to the market, using Open Banking to make its range of finance and admin products on the Tide platform available to businesses, without them having to open a Tide business account.
Read MoreAllica Bank buys SME lending portfolio from AIB
The deal will see the challenger bank acquire around 2,000 SME borrowers from AIB Group, which is exiting the UK SME market, and brings forward its target profitability date to mid-2022.
Read MoreMastercard to introduce Bill Pay to Latin America with Arcus purchase
The company has bought Arcus FI, an alum of Mastercard’s ‘Start Path’ programme, to bring real-time payment applications to Latin America.
Read MoreBill Morneau proposes ‘industry-led’ approach to Open Banking in Canada
The former finance minister of the Government of Canada delivered the opening keynote on the first day of Open Banking Expo Canada, in which he told banks and fintechs there is ‘room for everyone to do better’.
Read MoreVisa invests in Australian API platform Basiq
Cietan Kitney, head of strategy, Asia Pacific at Visa will join the board following the strategic investment.
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