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Project Nemo and Fintech Fringe launch innovation challenge

Project Nemo, in collaboration with Fintech Fringe and The Payments Association, is launching its first challenge to address financial exclusion for adults with learning disabilities.

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UK employees lose £690 million annually in unclaimed and unpaid expenses

New independent research from embedded finance specialist Weavr, conducted via Censuswide, found that employees lose an estimated £690 million annually in unclaimed and unpaid expenses in the UK alone. Surveying over 500 office workers in the UK, Weavr learned that 81% of respondents had been left out of pocket by their employer for longer than a month, leading to financial and mental health concerns.

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The Payments Association urges the House of Commons to address financial exclusion

The Payments Association, a trade group representing the payments sector, yesterday presented the policy recommendations that were proposed in its white paper to the House of Commons.

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Netbank teams with Discovery Credit Solutions to streamline loan management

Netbank, a Rural Bank Inc., has partnered with Discovery Credit Solutions Corp (DCSC) to introduce a cutting-edge financial service solution designed to streamline loan management and improve financial access for underserved communities.

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International Financial Corporation closes $20 million investment in Zepz

Zepz, the Group powering global remittance brands WorldRemit and Sendwave, has announced that the International Finance Corporation (IFC), a member of the World Bank Group, has closed its $20 million equity investment in the company.

/inclusion

Shariah-compliant ethical bank Gatehouse Bank launches community sports fund

Gatehouse Bank has announced the launch of a community sports fund which aims to support local, grassroots sports teams.

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23% of LGBTQ+ talent not comfortable being 'out' at work in financial services

Four in 10 (40%) Gen Z LGBTQ+ professionals believe leaders in the financial services industry are ineffective at being allies to the LGBTQ+ community, finds a new report from LGBT Great. This issue is likely to intensify as Gen Z, the most diverse generation to enter the workforce—with 17% of global respondents identifying as LGBTQ+1—continues to shape the future of work.

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Gatehouse Bank and ColCap collaborate to provide Shariah-compliant home finance

Gatehouse Bank plc has today announced a new partnership with ColCap Financial UK Limited.

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Universal Digital Payments Network and Forus Digital co-operate on CBDC testing environment

In Sub-Saharan Africa, approximately 105 million adults are unbanked and lack proper identification documents.

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TransferTo and Ecobank ink MoU

TransferTo, a Singapore-based global technology group, and Ecobank Group the leading pan-African financial institution, announce a landmark Memorandum of Understanding (MOU), laying the groundwork to transform financial access and cross-border payment solutions across Africa.

/inclusion

Cross party group of MPs opens inquiry into access to banking

A cross-party group of MPs has launched an inquiry into access to banking which will look at issues such as the problem of branch closures and access to banking services and financial products for SMEs.

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Former World Bank executive Marko Voljc joins Fingular advisory board

Fingular, a Singapore-based global neobank, announces the appointment of Marko Voljc as the member of its Advisory Board.

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