Industry news
MoneyNetint CEO Yishay Trif says the pandemic has heralded the era of remote working, prompting businesses to reach new markets and meaning that frictionless international payments are more important than ever.
Private equity firm Guru Capital, which owns ETX Capital, is also negotiating the acquisition through an associated fund of Oval Money’s Spanish regulated investment subsidiary.
The new platform will help challenger banks, neo banks and EMIs deliver open APIs amid increased regulatory focus.
UK Finance has reported that £479 million was lost to APP scams in 2020 and has urged the government to widen the Online Safety Bill to cover all types of fraud.
Louise Smith, chief digital officer at Lloyd’s, will replace outgoing chair Natalie Ceeney in July this year.
Justinas Basalykas has been named as CEO, while the banking services provider has also expanded its leadership team.
Through the partnership, Tide will offer its members an integrated banking and accounting tool.
The rental deposit fintech has raised over £1 million for its deposit loan business as it eyes strategic partnerships, with participation from Paul Rippon and Gary Dolman.
Analysis by Experian and the OBIE found that consumers choosing to share data during the pandemic has tripled, as they came to rely on digital banking services, while adoption among lenders also increased.
Tink’s Open Banking services will be used by American Express in a number of European countries, including France, Germany, Finland and Belgium to speed up the digital application process.
