Industry news
The deal is now expected to go through after a fee of $5.3billion was agreed earlier this year.
The purchase includes the Kabbage business, products and related IP in its entirety, but not included in the deal is the pre-existing loan portfolio.
As the Covid-19 pandemic continues to cause widespread disruption, Mobey Forum has turned its attention to the key issues affecting banks and other financial institutions.
The bundle will ease payments and help Small and Medium Enterprises (SMEs) manage their GST compliance and back-office operations effortlessly.
The agreement will enable American Express to reach new markets with its Open Banking payment product.
With support from Open Banking Expo, Open51 has launched to champion the women developing Open Finance.
The partnership will bring its expertise to help service providers reach new markets.
Partners are applying for £25m and £35m grants from the RBS Alternative Remedies Package to strengthen challenge to high street banks.
New research from the Open Up 2020 Challenge shows an increase in usage and trust of financial services apps since lockdown.
The latest news from Revolt sees a further extension to its partnership with leading Open Banking platform provider, TrueLayer.
