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Lloyds and Mastercard to lead new SME technology coalition with CFIT

/wholesale

Lloyds and Mastercard to lead new SME technology coalition with CFIT

Lloyds Bank and Mastercard are to lead a new coalition formed by the Centre for Finance, Innovation and Technology CFIT), to help develop the technology, policy and regulatory solutions to help the UK’s 5.6 million small businesses raise external finance more easily.

SBI set to take majority stake in Solaris

/retail

SBI set to take majority stake in Solaris

Japanese financial conglomerate SBI has agreed to pay €100 million for a stake of more than 70% in struggling German Banking-as-a-Service platform Solaris, according to Bloomberg.

Money Squirrel launches app to help UK firms with cashflow management

/startups

Money Squirrel launches app to help UK firms with cashflow management

Startup Money Squirrel has launched an open banking-powered app to help UK businesses master their cashflow management.

Bank-backed EPI processes first e-commerce transactions

/payments

Bank-backed EPI processes first e-commerce transactions

The European Payments Initiative (EPI), a bank-backed venture that was initially set up to build a rival to Mastercard and Visa in Europe, has completed its first e-commerce transactions, paving the way for a full-scale roll out later this year.

DLocal explores sale - Reuters

/payments

DLocal explores sale - Reuters

Unicorn Latin American cross-border payments platform dLocal is exploring a potential sale, according to Reuters.

Digital payments on the rise in Europe, but cash still king at POS

/payments

Digital payments on the rise in Europe, but cash still king at POS

While the use of digital payments continues to rise in the euro area, cash is still responsible for more than half of all point-of-sale transactions, according to a European Central Bank study.

One-in-five consumers lost money to scammers in 2024

/security

One-in-five consumers lost money to scammers in 2024

New research from Barclays Bank reveals that one in five consumers fell victim to a scam in the last year.

OCBC rolls out bespoke tokenised bonds to large corporate clients

/crypto

OCBC rolls out bespoke tokenised bonds to large corporate clients

OCBC has launched the sale of bespoke tokenised bonds issued in S$1,000 denominations to corporate clients that have net assets exceeding S$10 million.

SC Ventures launches invoicing and billing fintech to SMEs in Apac

/startups

SC Ventures launches invoicing and billing fintech to SMEs in Apac

SC Ventures, the fintech investment and incubation arm of Standard Chartered, has launched Labamu, an invoicing and billing platform for SMEs in Apac.

Bookkeeping platform Bench shuts down; quickly gets acquired

/retail

Bookkeeping platform Bench shuts down; quickly gets acquired

Days after closing down, Vancouver-based bookkeeping fintech Bench has been acquired by human resources tech startup Employer.com.

Frax launches BlackRock-backed, Securitize tokenised stablecoin

/crypto

Frax launches BlackRock-backed, Securitize tokenised stablecoin

Frax intends to be the US digital dollar and to establish itself as "the world's most innovative decentralised stablecoin and DeFi stablecoin infrastructure."

Thomson Reuters buys tax automation provider SafeSend

/wholesale

Thomson Reuters buys tax automation provider SafeSend

Thomson Reuters has acquired cloud-native tax automation firm SafeSend for $600 million in cash.

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