FinTech Scotland teams up with Lloyds for Innovation Lab
FinTech Scotland and Lloyds Banking Group launch a new fintech programme aimed at improving and creating innovative collaborations.
Plato signs up with TradeCore
TradeCore partners with Plato, supporting the payments business in bringing quicker, easier and more cost-effective payment transfers.
Launchnodes helps to support the launch of Professional Services in AWS Marketplace
Launchnodes announced today that it is participating in the launch of Professional Services in AWS Marketplace.
Trade Ledger platform selected by Bibby Financial Services to drive funding automation
BFS will leverage the Trade Ledger platform to enhance functionality and enable greater control for businesses seeking funding.
London FinTech TrueLayer partners with Visa
London API provider TrueLayer is collaborating with Visa, which now has a minority stake in the FinTech as part of a $35 million Series C funding round in June, outlets reported on Tuesday (Oct. 29). The funding round was led by Temasek and Tencent with participation from previous investors Northzone and Anthemis. The investment helped TrueLayer expand across Europe to Germany, France, Italy and Spain. It also launched payment initiation capabilities and partnering with companies including Revolut, Zopa, ClearScore, Plum, Emma, CreditLadder, Canopy, and ANNA Money. “We want to scale open banking to a level where it manifestly impacts every aspect of financial services for consumers,” he says. “[This] requires […]
Softbank pumps £510m into finance firm Greensill that could kill off payday lenders
Japanese conglomerate Softbank is set to inject another £510million into British online finance firm Greensill as part of plan to launch a new service that aims to wipe out controversial payday loans. City sources said Greensill, set up by former Morgan Stanley banker Lex Greensill, is in advanced talks to buy FreeUp, a technology company that should enable the firm to offer ordinary workers early payment of their wages. SoftBank’s Vision Fund, led by maverick entrepreneur Masayoshi Son, is pouring in more than half a billion pounds to support the expansion strategy. Sources said the deals could be announced as soon as this week. To read more, please click on […]
Fintech Revolut to launch in the U.S. by year-end with Mastercard deal
Digital banking app Revolut is set to begin issuing its cards in the United States by the end of this year via a partnership with payments company Mastercard Inc MA.N, the two companies said on Tuesday. The announcement follows a similar deal last month where Mastercard rival Visa Inc V.N partnered with Revolut as part of its global expansion plans. Revolut, one of the world’s fastest-growing bank account providers, aims to undercut established players such as Bank of America BAC.N and JPMorgan Chase JPM.N on everything from foreign exchange to current accounts and remittances. “We’re going to ensure our product is better value for customers, most U.S. banks charge $10 […]
FinTech Scotland announces partnership with FinTechNZ
Last week, FinTech Scotland announced its first partnership with New Zealand fintech hub, FinTechNZ. According to the Scotland hub, FinTechNZ is The New Zealand Financial Innovation & Technology Association. It is a working group focused on delivering economic growth in New Zealand through financial innovation. Slightly older than FinTech Scotland they have a member base of just more than 100. It also works closely with the New Zealand government to offer guidance on policies and regulations. While sharing more details about the partnership, FinTech Scotland stated it is looking to develop a network with other international hubs and several reasons have motived the organization in doing so, which are the […]
