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Klarna is seeking to raise at least $1 billion in a US initial public offering and is set to file publicly as soon as next week, according to people familiar with the matter. The payments business aims to price the IPO in early April, the people said, asking not to be identified as the information isn’t…
Swish is opening up to PSPs for the first time – eliminating the need for businesses to partner with a bank to get access. Zimpler is breaking new ground as the first PSP to integrate directly with Getswish, the company behind Sweden’s most widely used instant payment method. This change removes one of the biggest…
ClearBank has appointed Mark Fairless, formerly CFO, as its new CEO. ClearBank’s co-founder and former CEO, Charles McManus, will continue to play an active role in driving the business strategy as a non-executive member of the Group Board. Mark Fairless, who has served as ClearBank’s CFO and Group Board member, since January 2023, has been…
Runa expands its modern payouts infrastructure, giving global recipients more control over how they receive instant payouts Runa, the leading global fintech infrastructure powering next-generation payouts experiences, is redefining how businesses move money with the launch of its new Pay to Card technology. Now, businesses can send funds instantly, seamlessly, and securely to a recipient’s…
Analysis of the latest edition of the Department of Business and Trade’s national survey of registeredbusinesses’ exporting behaviours and attitudes1 by global financial services firm Ebury reveals a blendof optimism and caution among UK businesses.Among businesses who had exported goods over the past 12 months, more than a third (36%) said theywere exporting less than…
FIS® , a global leader in financial technology, today announced the launch of FIS Treasury and Risk Manager – Treasury GPT, a proprietary generative AI-driven product support tool embedded within its FIS Treasury and Risk Manager – Integrity Edition (“Integrity”). In collaboration with Microsoft, the tool uses Microsoft Azure OpenAI Service for enhanced data and risk…
Canada has selected PingPong, a world-leading provider of cross-border embedded payment solutions, to become its first cross-border payment service provider of record on its Marketplace. Leveraging PingPong’s easy-to-integrate API, Best Buy Canada will begin expanding internationally and facilitate payouts to international sellers. By leveraging PingPong’s global capability BestBuy Canada will have the opportunity to unlock new…
Marqeta will be providing issuer processing services for customer Spendesk, helping Spendesk to boost efficiency and customise spend controls. Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced that it has become the issuer processor for Spendesk Financial Services (SFS) in Europe, the payment institution powering and fully owned…
PensionBee, a leader in the consumer retirement market, has commented on the Financial Conduct Authority’s (FCA) research that shows under half (four-in-10) of vulnerable customers say they have disclosed their needs to their financial services provider. Lisa Picardo, Chief Business Officer UK, PensionBee said: “We have always been committed to providing the best possible support for…
New research reveals that while women interact with their finances more frequently than men, they feel twice as uncertain about managing their money. Why? A mix of social challenges, time constraints, and outdated societal norms. To mark International Women’s Day, Loqbox – the UK’s leading credit-building business – has released exclusive research highlighting a clear divide in…
Nexi Group, the European PayTech, has collaborated with WeChat Pay to enable Swiss merchants to accept payments at the point of sale (POS) via the WeChat Pay app. The 900 million+ active users of WeChat Pay can now make mobile payments via QR code on compatible POS terminals in Switzerland, accessing a familiar and convenient payment method while…
Tuum, a leading next-generation core banking provider, is proud to announce its new status as a Mastercard Digital Activity Service Provider (DASP), enabling seamless integration with Mastercard Digital Enablement Service (MDES). This partnership empowers banks and fintechs to deliver secure, tokenized digital payments across all major wallets and digital channels—without the need for additional third-party…
