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Prove acquires Portabl

Digital businesses are constantly optimizing how buyers and sellers interact, transact, and connect.

/retail

Lyca Mobile signs up for Revolut Pay

Lyca Mobile, the UK’s leading mobile virtual network operator (MVNO), has partnered with Revolut Pay, making it the neobank’s first official MVNO partner in the UK.

/retail

Molo recruits Richard Cunningham as telephone business development manager

Molo Finance, the digital mortgage lender, is delighted to announce the addition of Richard Cunningham as Telephone Business Development Manager (TBDM) within its expanding Sales & Distribution team.

/retail

UK Smart Data Challenge Prize calls for applicants

The Department for Business & Trade, Challenge Works, the Open Data Institute and Smart Data Foundry are calling on innovators from across the financial services sector to enter the new Smart Data Challenge Prize.

/retail

Prosperity Bank selects Akuvo collections platform

AKUVO, a leading technology organization specializing in collections and credit risk management, is proud to announce that Prosperity Bank, with $40 billion in total assets, has chosen AKUVO’s platform to streamline its collections processes.

/retail

China's XTransfer granted payment licence in Singapore

XTransfer, the World's Leading & China's No.1 B2B Cross-Border Trade Payment Platform, was granted the Major Payment Institution (MPI) License under the Payment Services Act 2019 by the Monetary Authority of Singapore (MAS).

/retail

CFPB sues Capital One for cheating consumers out of more than $2 billion in interest payments

Today, the Consumer Financial Protection Bureau (CFPB) sued Capital One, N.A., and its parent holding company, Capital One Financial Corp., for cheating millions of consumers out of more than $2 billion in interest.

/retail

Sage Capital Bank selects Apiture to support mobile and digital banking

Apiture, a leading provider of digital banking solutions, today announced that Sage Capital Bank, an independent community financial institution serving customers in central Texas, has selected the Apiture Digital Banking Platform to power its online and mobile banking.

/retail

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.

/retail

Klarna doubles number of new merchants in Q1 thanks to Stripe integration

Klarna, the AI-powered global payments network and shopping assistant, has strengthened its global partnership with Stripe, a financial infrastructure platform for businesses.

/retail

CFPB research reveals heavy BNPL usage among consumers with high credit sccores and multiple loans

Today, the Consumer Financial Protection Bureau (CFPB) released a study of Buy Now, Pay Later (BNPL) borrowers, finding that more than one-fifth of consumers with a credit record used BNPL loans in 2022, with most of those consumers having subprime or deep subprime credit scores.

/retail

BIS Innovation Hub sets out 2025 work programme

The BIS Innovation Hub aims to foster international collaboration on innovative financial technology within the central banking community.

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