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SME Finance Taskforce announces plan boost UK economic growth

/markets

SME Finance Taskforce announces plan boost UK economic growth

The SME Finance Taskforce has released its coalition plan to boost the UK economy by speeding up lending and access to finance for 5.5 million SMEs.

Bank of America backs Simply Asset Finance

/startups

Bank of America backs Simply Asset Finance

The Bank of America has moved to support Simply Asset Finance, a fintech that focuses on lending to SMEs, with a loan facility worth up to $120 million.

Visa Foundation focused on empowering women entrepreneurs

/inclusion

Visa Foundation focused on empowering women entrepreneurs

Visa Foundation is supporting women in growing their small businesses and making them more resilient, increasing economic mobility and creating wealth for themselves.To learn more about the financial inclusion efforts made by the organisation, Finextra spoke to Najada Kumbuli, vice president and head of investments at Visa Foundation.

RBI encourages fintech self-regulation with new framework

/regulation

RBI encourages fintech self-regulation with new framework

The Reserve Bank of India (RBI) has finalised its Framework for Recognising Self-Regulatory Organisations for the Fintech Sector (SRO-FT), after inviting feedback for a draft framework in January thus year.

IFC and SocGen’s Romania deal marks sustainable finance milestone

/inclusion

IFC and SocGen’s Romania deal marks sustainable finance milestone

Societe Generale (SocGen) and the International Finance Corporation (IFC) have signed a Collaboration Framework Agreement to bolster sustainable finance in developing countries.

Tide partners with Adyen in German market

/payments

Tide partners with Adyen in German market

Tide has announced that it will offer business accounts in Germany, marking the beginning of the company's expansion into Europe.

Manchester Digital launches manifesto to boost fintech in the North

/startups

Manchester Digital launches manifesto to boost fintech in the North

Manchester Digital has launched a Manifesto for the Northern Tech Economy ahead of the mayoral elections that will take place on May 2nd.

EBAday 2024: Calling early-stage startups to showcase products

/startups

EBAday 2024: Calling early-stage startups to showcase products

The 19th edition of EBAday, the largest annual European event for payments and transaction banking, will return on 18th – 19th June 2024 at CCL in Lisbon, Portugal.

MPE 2024: What’s new for merchant payments and the role of digital wallets?

/payments

MPE 2024: What’s new for merchant payments and the role of digital wallets?

At the annual Merchant Payments Ecosystem conference in Berlin, businesses and leaders in payments come together to exchange ideas, perspectives, and visions in the merchant payments industry.

Alba Bank CEO steps down

/people

Alba Bank CEO steps down

Rod Ashley has announced he will be stepping down as CEO of Alba Bank after six years.

SumUp releases suite of new product features

/payments

SumUp releases suite of new product features

Global fintech SumUp has announced its array of new product features to support small businesses at the company’s annual event.

OakNorth appoints Lord Adair Turner as chairman

/people

OakNorth appoints Lord Adair Turner as chairman

House of Lords member Lord Turner of Ecchinswell - Jonathan Adair Turner - has experience across Standard Chartered Bank, Siemens UK, Merrill Lynch Europe, and McKinsey.

EC makes supercomputers widely accessible to foster AI development

/markets

EC makes supercomputers widely accessible to foster AI development

The European Commission has opened access to EU supercomputers to bolster AI development and push AI initiatives.

BDC leads Canadian SMEs towards a greener future

/sustainable

BDC leads Canadian SMEs towards a greener future

In a conversation with Pierre-Olivier Brodeur, lead sustainability and decarbonisation projects incubator at the Business Development Bank of Canada (BDC), Brodeur discussed how new positions are being formed to account for sustainable practices and focus on climate solutions in the finance industry.

Make carbon accounting as pervasive as financial accounting - Greenly

/sustainable

Make carbon accounting as pervasive as financial accounting - Greenly

Speaking to Alexis Normand, the founder of carbon accounting platform Greenly, Finextra learned how carbon accounting has become a necessity in the banking sector today.

UK's cashless transition under the microscope as Payments Choice Alliance pushes back

/payments

UK's cashless transition under the microscope as Payments Choice Alliance pushes back

The UK is gearing up to follow the footsteps of Norway and Sweden as an increasingly cashless society given the sparse usage of cash post-pandemic. London in particular has become a hub for online payments, with a significant number of retailers no longer accepting cash. The transition was intensified by the need to socially distance during the pandemic, as the usage of e-wallets and digital transactions has accelerated.

Austrade and SFA launch fintech collaboration initiative

/startups

Austrade and SFA launch fintech collaboration initiative

The Singapore Fintech Association (SFA) and Australian Trade and Investment Commission (Austrade) have launched a joint programme to foster fintech innovation in both APAC countries.

Judo Bank: Redefining the challenger bank

/retail

Judo Bank: Redefining the challenger bank

Judo Bank, an Australian-based challenger founded in 2016 is dedicated to providing support and capital to SMEs by turning traditional banking on its head.

Leading banks contribute to fintech onboarding with Enterprise Ready Questions

/startups

Leading banks contribute to fintech onboarding with Enterprise Ready Questions

TechPassport has launched its Enterprise Ready Questions (ERQs) with contributions from fifteen tier 1 banks, including HSBC, Morgan Stanley, and Zopa Bank.

Santander UK fined £107.7m for repeated AML failures

/crime

Santander UK fined £107.7m for repeated AML failures

The FCA has fined Santander UK Plc £107,793,300 after it found gaps in its anti-money laundering controls, affecting its business banking customers.

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