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Industry news

ClearScore Group gains embedded finance foothold with Aro Finance acquisition

By acquiring Aro Finance, ClearScore will also expand into secured loan broking.

CFIT secures industry partners to lead next coalition

The next coalition will be led by Mastercard and Lloyds Bank, with other strategic industry partners expected to join in 2025.

Open Banking platform Money Squirrel launches in the UK

Money Squirrel is designed to encourage businesses to improve how they manage cash flow.

Finastra announces leadership shakeup as CEO to step down

Chief executive officer Simon Paris, who oversaw the merger of Misys and D+H in 2017 to form Finastra, is preparing to step down.

B2B payments platform Tranch acquired by legal tech provider Elite

Tranch, which is based out of London and New York, offers invoice management and turnkey payment solutions for law firms and their clients.

Ghana’s central bank releases draft Open Banking Directive

The Bank of Ghana is seeking feedback from stakeholders on the Open Banking Directive, which aims to “accelerate the adoption of digital financial services”.

Levenue partners with Newfound to give SMEs access to growth capital

Levenue connects businesses with investors across the UK and Europe, enabling them to secure funding based on their monthly recurring revenue.

Fiserv to boost embedded finance offerings with acquisition

The acquisition of Payfare is expected to close in the first half of 2025, according to Fiserv.

European Payments Council seeks API test toolbox provider for VoP scheme

The European Payments Council’s Verification of Payee scheme comes into effect in October this year.

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