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FCA authorises Klarna to provide regulated credit and payments services

Klarna has established a new UK-based entity, Klarna Financial Services UK, ahead of the expiration of the regulator’s Temporary Permissions Regime.

Mashreq Bank implements Visa, Ecolytiq climate banking platform

The bank’s group head of retail banking said the new offering cements its “position as a sustainability trailblazer in MENA”.

Crezco raises $12m in Series A funding round

The SME payments fintech recently revealed a new partnership with accounting platform Xero in the UK.

Volt launches in Australia

Self-service ticketing platform Megatix has become the first merchant in Australia to adopt Volt’s real-time payments technology.

Expansion of Payments Canada membership eligibility announced in Fall Economic Statement

Payments Canada said it “applauds the inclusion of changes to the Canadian Payments Act” which is designed to enhance Canadians’ payment security.

Canadian government commits to ‘consumer-driven banking’ in Fall Statement

The Department of Finance’s framework legislation for Open Banking will be introduced in Budget 2024.

Could the UK’s Open Banking crown be toppled?

During a Powerhouse Debate at Open Banking Expo UK & Europe, Raidiam’s open futurist Marie Walker said the UK had been the “poster child” of Open Banking.

Envestnet|Yodlee powers live bank data feeds for NZ’s Centrix

New Zealand-based credit bureau Centrix said its clients will benefit from a broad range of income and verification solutions.

Temenos: North American banks ‘betting big’ on disruptive tech

In a new report, Temenos has revealed that banks in the region are prioritising a move to the cloud, amid fears of missing out.