Australia: Payments Association Welcomes Passage of Digital ID Bills by JD Alois

UK Fintech ClearBank Joins Digital Pound Foundation

Clearbank is now a member of the Digital Pound Foundation’s (DPF) community. ClearBank joins the Foundation as “an Associate Member and will take part in the Identity and Privacy and Policy, Legal and Regulatory Working Groups.” As a member, ClearBank will have “the opportunity to… Read More

Whiterock Introduces £75M Growth Capital Investment Fund in Northern Ireland

A new £75m equity investment fund for Northern Ireland has been officially launched by fund manager Whiterock to address the need for growth funding in the local market. The Growth Capital Fund expects to “make investments of between £1m and £5m for minority shareholdings in… Read More

CFPB Targets Global Money Transfers and “Junk Fees”

The Consumer Financial Protection Bureau (CFPB) is now targeting international money transfers and “junk fees” that may be saddled upon users. The CFPB issued a warning to firms that provide these services regarding allegations of false claims and misinformation about the cost of transfers and… Read More

European Banks Skeptical on SEPA Instant Payments Timeline: Not by 2025.

At the beginning of 2022, only 11% of all Euro credit transfers in the EU were instant, and the European Commission wants to fix this and make them all instant.  The Single Euro Payments Regulation (SEPA) aims to enable both institutions and consumers to benefit… Read More

B2B Payments Fintech TreviPay Announces Self-Financing Option and Enhanced Payment Application Features

TreviPay, the B2B payments and invoicing network, announces a new self-financing option along with enhanced payment application features to give sellers more control over their trade credit portfolio while leveraging TreviPay’s configurable technology platform. The option to use self-financing (an enterprise uses their capital to… Read More

US Retail Investors Are Adjusting Investment Portfolios in Anticipation of Fed Slashing Interest Rates – Report

As speculation about rate cuts intensifies, investors are preparing their portfolios, according to an update from eToro. According to data from the Retail Investor Beat from trading and investment platform eToro, 55% of US retail investors are “adjusting their investment portfolio in anticipation of the… Read More

Paysend, Currencycloud Announce Global Partnership

Currencycloud says it has signed a global expansion deal with transfer Fintech Paysend. The agreement is said to enable Currencycloud to expand its reach in providing its services. Currencycloud will also be supporting Paysend on the launch of new consumer-facing products during 2024. Paysend is… Read More

UK Economy Is Improving But Structural Headwinds May Constrain Growth – Report

Inflation is expected to return to its 2% target in the first half of the year, which should pave the way for interest rate cuts from the summer, according to an update from KPMG UK. Interest rates are forecast to fall by 100 basis points… Read More

Fintech Investments in Ireland Declined Considerably Last Year – Report

2023 was a challenging year for the Irish FinTech market, with investments and transactions reaching $60.83 million across 11 deals; this was a significant decrease (94 percent) compared to last year, where investments and transactions totaled over $1 billion across 22 deals, according to the… Read More

Bahrain based Fintech Ahlan App Reports New Funding

Ahlan App, the Bahraini loyalty programme, reports that it has successfully raised $3 million at a valuation of $15 million in its first investment round, which has been fully subscribed to and led by Hope Ventures. The investment round was said to be “joined by… Read More

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