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Trading platform CMC Markets enables Open Banking payments with TrueLayer

CMC Markets’ Colleen Bohm said its investor clients value an interactive payment method that can deliver near real-time payments.

HSBC to launch embedded finance-focused business with Tradeshift

The planned business is part of a new joint venture that will see HSBC invest $35 million in business commerce platform Tradeshift.

Digital bank N26 hires Carina Kozole as chief risk officer

Since April, Jan Stechele has held the chief risk officer role in an interim capacity, with Kozole appointed as a permanent replacement.

Arab Financial Services selects CRIF for ‘ready-to-go’ Open Banking use cases

AFS will offer its bank clients across MENA Open Banking use cases and solutions via its Open Finance platform.

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.