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Industry news

Insight: Monzo team up with TrueLayer to offer protection against gambling addiction

The gambling block is a completely optional tool that blocks card payments to gambling firms.

Central Bank of Nigeria issues regulatory framework for Open Banking

Along with the announcement the CBN will continue to monitor industry developments and issue further guidance as appropriate.

Insight: Atom Bank and Plaid join forces to better serve the SME market

Plaid is joining forces with Atom to offer SME owners a streamlined application journey for lending products.

Manchester Credit Union offers real-time payments via ClearBank

The partnership will help to bring down the cost of accessing Faster Payments to Credit Unions

Ex-Monzo cohort rise to save rental property market

Fronted is launching the Fronted Deposit, a lower-cost loan product built for the 60% of renters in the UK who have no savings.

Evidence of increased costs for Euro payments from UK as a result of Brexit

Cross border payments specialist cuts out ‘Brexit-premium’ with local IBAN solution

Klarna launches bank account in Germany

The launch marks a first for the company and will allow customers to easily track, categorize and analyze all of their everyday spending using the Klarna app.

Canada: CIO Strategy Council advances national standards for Consumer Directed Finance

Calls for decisive action in developing an Open Banking framework are mounting in Canada amid the COVID-19 pandemic.

Equifax strengthens market position via AccountScore acquisition

The acquisition will see Equifax enhance its consumer and commercial product offerings, combining traditional credit bureau information held by Equifax with bank transaction data, facilitated by AccountScore.

Trade Ledger raises £13.5 million in Series A funding

The round was led by Point72 Ventures with participation from Foundation Capital, Court Lorenzini, Hambro Perks and other existing investors.

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