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Nu Mexico hits 10 million customer milestone

Five years after launching its first product in Mexico, Nu announced today that it has reached 10 million customers in the country, doubling its customer base over the past 12 months.

/retail

Intellect assumes responsibility for Central 1 digital banking operations

Central 1 Credit Union (Central 1) and Intellect Design Arena Ltd. (Intellect) today announced the signing of an agreement in which Intellect will assume responsibility for Central 1’s digital banking operations. This follows Central 1’s decision to wind down its digital banking offerings in October 2024.

/retail

DoubleCheck appoints Ashwin RanganCEO

DoubleCheck announced the appointment of Ashwin (“Ash”) Rangan as its new chief executive officer. Rangan succeeds outgoing co-CEOs Joel Schwartz and Bill Amelio.

/retail

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.

/retail

Clutch raises $65m to propel credit unions into the fintech era

Clutch is turning credit unions into FinTechs, and with the successful completion of a Series B funding round is now equipped with $65million to further transform the way credit unions deliver products and services to the members and communities they serve.

/retail

Singapore's Pomelo acquires Arrow Checkout

Pomelo Group has completed the acquisition of fellow Singaporean FinTech Payments company Arrow Checkout.

/retail

PayDo releases physical and virtual cards

PayDo, a UK and EMI-regulated fintech company, announces the launch of its latest offering: PayDo Cards.

/retail

Q2 and Alloy form fraud monitoring pact

Q2 Holdings Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for financial services, today announced a strategic partnership with Alloy, a leading identity and fraud prevention platform provider, to deliver a joint ongoing fraud monitoring solution for Q2 Digital Banking customers.

/retail

SC Ventures and KiyaAI launch Akashaverse e-commerce and lifestyle hub

SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, in partnership with KiyaAI, a digital solutions provider, is launching Akashaverse, an entertainment, social, ecommerce and lifestyle hub that is using immersive technologies and artificial intelligence.

/retail

Chip unveils WealthScore

Chip, the award-winning financial app*, has unveiled WealthScore, an innovative feature designed to empower users to better understand and enhance their wealth-building habits.

/retail

Revolut opens instant access savings accout at a market-beating rate of 5%

Revolut, the global fintech with over 10 million UK customers and 50 million globally, has today supercharged its rates for its UK Instant Access Savings account offering interest rates of up to 5% AER (variable), with its standard free plan offering a competitive 4% AER (variable), paid daily.

/retail

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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