Swedish fintech Trustly acquires Ecospend to strengthen its position in the UK
Swedish fintech Trustly have announced the acquisition of the UK-based Open Banking Payments platform Ecospend.
Zopa Bank and TrueLayer make saving seamless with account-to-account payments
TrueLayer announces a collaboration with Zopa, who has gone live with account-to-account payments for its Smart Saver savings account.
ClearScore becomes significant enabler of Open Banking in the UK with 1.5 million sign-ups
With 1.5 million sign-ups, this puts ClearScore as one of the largest enablers of Open Banking in the UK, in just six months.
The Credit Thing goes live with TrueLayer’s Open Banking recurring payments
The Credit Thing has implemented TrueLayer’s recurring payments API and made the first consumer Variable Recurring Payments transactions in the UK.
Australia’s Westpac to build new institutional banking platform with 10x Banking’s tech
Australian bank Westpac has commenced work on a new transactional platform for institutional clients and is looking to UK-based technology provider 10x Banking to provide the core technology. The two companies have signed a Letter of Understanding, building on an existing three-year partnership which launched Westpac’s leading Banking as a Service offering. Leveraging 10x Banking’s latest contemporary and cloud-native core technology, Westpac’s institutional clients will benefit from a new market-leading digital experience with access to advanced liquidity management, cash flow forecasting and real-time payments processing. Westpac Institutional Bank Chief Executive, Anthony Miller, says the bank wants to provide clients with the best possible transactional banking experience and is investing in […]
Temasek leads $160m Series D funding round in Thought Machine
Thought Machine has closed its series D funding round, led by Temasek, with participation from Intesa Sanpaolo and Morgan Stanley.
Digidoe unveils BaaS offering
Digidoe, the UK-based fintech start-up which aims to revolutionise the world’s payments infrastructure, has unveiled a super-fast ‘Banking as a Service’ (BaaS) solution which enables innovative businesses to launch a new digital bank within 72 hours. The ultra-secure cloud-based API and white label service opens the door to even more flexible UK ‘open banking’ for challenger companies wanting to join the sector. Designed from scratch, DigiDoe’s efficient payments system reduces fraud, cuts fees and costs for merchants and enables low cost, hassle-free payments. The new BaaS service utilises DigiDoe’s patented technology and comes with embedded proprietary anti-money laundering (AML) & fraud prevention systems. It offers onboarding of business and corporate […]
Griffin submits application for UK banking authorisation, hitting major milestone in building a developer-friendly bank for fintechs
Griffin has submitted its UK banking authorisation application to the Prudential Regulation Authority and the Financial Conduct Authority.
