UK Challenger and Specialist Bank SME Lending Hits Record High
In 2022, applicant banks and specialized banks in the UK provided more loans to small businesses than traditional large players in the relevant services market.
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First Fidelity Bank Unveils BaaS Offering
First Fidelity Bank (FFB), a 100-year-old community bank headquartered in Oklahoma City, announced the launch of a next-generation Banking as a Service (BaaS) product.
Klarna Reports $1 Billion Loss
Swedish BNPL giant Klarna reported losses for 2022.
Startup Zipzero Raises £1 Million
Zipzero, a British consumer app, has announced that it has managed to attract initial funding of 1 million pounds.
Payments Intelligence Startup Pagos Raises $34 Million
Pagos, a payment analysis startup, announced the attraction of $34 million in investments following the results of the Series A funding round.
Banco Sabadell to Sell Payments Arm to Nexi
Spanish bank Banco Sabadell announced the sale of 80% of the shares of its Paycomet payment division to the Italian company Nexi.
Klarna to Introduce Charges for Late Payments
Swedish fintech company Klarna has announced the start of charging late payments from customers in the UK.
Paysend and Transformify Launch On-Demand Payroll Services
British fintech Paysend and payroll platform Transformify have teamed up to provide seamless payroll on-demand payments for contractors and vendors
Japanese Banks to Enter Metaverse Economic Zone
Leading Japanese banks and tech companies have joined a metaverse infrastructure project to provide payments, authentication, and insurance services for users across platforms
PayU Launches 3DS2 SDK for Indian E-Commerce
Indian payment aggregator PayU to offer 3DS2 software development kit (SDK) for all domestic and international transactions to resolve the issues of transaction security and speed
A Year of War in Crypto: Report Reveals Amount of Crypto Donations Sent to Ukraine and Russia
Ukraine has received over $70 million in crypto donations since the start of the full-scale Russian invasion, however, pro-Russian military groups also used cryptocurrency to fund their war efforts
Hydranet Staking is Happening Without Short-Term Rewards
Hydranet DAO has reduced staking APY to 0%, and users support it.
Indian Fintech CRED Adds New Offerings
CRED introduces the Buy Now, Pay Later service and the one-touch payment feature.
Sequoia Backs Off App Citizen
Sequoia Capital has stopped funding the app to track the security situation.
Circle and Citizens Trust Bank Partner on Digital Financial Inclusion
Citizens Trust Bank has announced plans to hold $65 million in cash reserves in US dollars (USDC).
OpenWallet Foundation Announces 37 Backers for Digital Wallet Project
The Linux Foundation Europe’s initiative to create an open-source engine was implemented with the support of 37 private, non-profit, academic, and government organizations.
