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According to iwoca, 82% of SME finance brokers said major banks have reduced their appetite to fund SMEs.
Lisa Gutu joins the Open Banking platform, having worked at Trovata and Salt Edge.
The banking group has invested £10 million in Yoti to help broaden its range of digital identity solutions.
A new study by Juniper Research found that governments’ efforts to improve financial inclusion will be behind the growth.
The rescue deal, which was facilitated by the UK Government and Bank of England, safeguards SVB UK’s customers’ deposits.
Mercedes pay+, which has initially launched in Germany, turns the car “into a payment device”.
Cuscal’s MD said the agreement will “cement our position as a leading provider of payments and regulated data services in Australia”.
The embedded finance platform has been purchased and re-capitalised with backing from D Squared Capital, Moneta VC and Ventura Capital.
By teaming up with Yapily, Zilch can maximise “the consumer benefits of Open Banking technology”, Philip Belamant said.
Through the initiative, currently being piloted in the UK, individuals without access to mainstream finance can build their credit file in only three months, via Open Banking.
