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Embedded finance fintech Swan secures €37m in Series B round

Swan plans to bring its offering to the Netherlands in the coming months and Italy in early 2024.

Finastra unveils Compliance-as-a-Service for US, European banks

Finastra’s Compliance-as-a-Service enables US and European banks to comply with instant payment infrastructures, such as FedNow and TIPS.

Q&A: Deutsche Bank’s Joris Hensen on the launch of its bank-wide API platform

Joris Hensen, founder and co-lead of Deutsche Bank’s API program, explains why building and offering APIs “may take more time than expected”.

Monzo launches ‘Investments’ product offering BlackRock funds

Monzo customers will be able to start investing via the app, with three multi-asset BlackRock-managed funds to choose from.

Checkout.com finds falsely declined payments are hitting revenues and brand loyalty

Research by Checkout.com in the US, UK, France and Germany revealed merchants in those countries missed out on $50.7 billion in revenue, due to poor payment performance.

Payit by NatWest launches single-use payment link feature for businesses

The new feature eliminates the need for recipients’ bank account details, making it particularly useful for issuing non-card refunds, returning deposits, and sending one-off payments. 

UK challenger Alba Bank appoints chief risk officer and chair as it readies for launch

Andrew Lewis joins as chief risk officer from Aldermore Bank and has previously worked at NatWest, while current Metro Bank chair Robert Sharpe will chair the board.

SAP Fioneer addresses payments ‘pain points’ with Mastercard partnership

The financial services software solutions provider has integrated Mastercard’s commercial payments and Open Banking capabilities into its card management, embedded finance and SME lending platforms.