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Global fintech funding takes hit in H1 2023 amid ‘enormous headwinds’

The Americas was the only region to grow fintech funding in the first six months of 2023, while payments fintechs secured the largest share of funding by subsector.

Affirm becomes exclusive US pay-over-time partner of Cathay Pacific

The airline’s customers will be able to choose to pay for flights in bi-weekly or monthly instalments.

Vanquis Banking Group buys money-saving app Snoop

Snoop’s chief executive officer John Natalizia called Vanquis Banking Group “the perfect partner to help the business grow”.

JP Morgan backs Tifin’s new fintech launchpad Tifin.AI

US-based Tifin.AI will develop AI-powered fintechs for the wealth management industry.

Majority of UK SMEs still rely on banks for cross-border payments despite pain points

However, research by Neo, found that CFOs at SMEs are looking beyond traditional banks to non-banking payment solutions for their cross-border payment needs.

BNZ joins forces with Volley to bring ‘request to pay’ to New Zealand

BNZ’s customers will be able to use the Volley app to split bills and other payments, when it launches.

TrueLayer integrates VRPs on UK investment platform InvestEngine

InvestEngine, an ETF platform, will offer TrueLayer’s Open Banking VRPs to help more people “invest regularly and with flexibility”.

Pix payments exceed credit, debit card transactions in Brazil

The data, published in a report by Matera, showed that since Pix launched, credit and debit’s share of transactions has been in decline.

Insight: Turning turbulence into triumph – the impact of SaaS platforms

Mambu’s head of customer value Ben Thomas explains how financial institutions have navigated disruption with the use of true SaaS platforms.

Banco Santander, BBVA, CaixaBank form alliance to tackle fraud

The Spanish banking trio have established a new company, FrauDfense, which will open to other banks in the future.