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PNC and Plaid ink data sharing agreement

The PNC Financial Services Group, Inc. (NYSE: PNC) and Plaid have entered into a bilateral data access agreement that will enable PNC customers nationwide to more safely and securely connect and share financial data to their chosen financial applications through Plaid.

/retail

Firstsource buys Ascensos

Firstsource Solutions Limited (NSE: FSL, BSE:532809), a leading global provider of specialist domain-led Business Process Services (BPS) and an RP-Sanjiv Goenka Group company, has acquired Ascensos, a leading UK-headquartered customer experience outsourcing partner for retail and eCommerce businesses.

/retail

Millennium Consulting launches digital tax product

Unit4 Elite Partner, Millennium Consulting, has announced the release of its new Making Tax Digital (MTD) software, MVAT.

/retail

Fibabanka launches Turkey's first BaaS offering

Fibabanka, a leading player in Türkiye’s banking sector, has launched the country’s first Baking as a Service (BaaS) model through an innovative collaboration with GetirFinans, which received a total of $70 million in investment last year at a valuation of $250 million.

/retail

Marqeta appoints AI head

Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced that Fouzi Husaini has joined the company as its Chief Artificial Intelligence Officer.

/retail

Hummingbird buys LogicLoop

Hummingbird, a leading provider of financial crime risk management solutions, today announced the acquisition of LogicLoop, a pioneer in no-code data integration and automation.

/retail

Koho and Propel form lending partnership

KOHO announces today their new partnership with Propel Holdings Inc. (“Propel”) (TSX: PRL). Through its Canadian brand Fora Credit, Propel will act as KOHO’s exclusive embedded lending partner. The partnership will allow qualified KOHO users to access a line of credit through Propel’s AI-powered lending platform within the KOHO app.

/retail

Parabank launches credit offering for people with disabilities

Comprising almost 10% of the Brazilian population, people with disabilities have a bank focused on their needs. Parabank, the world’s first digital bank focused on people with disabilities, is now launching credit and prepaid cards with a variety of benefits, including partnerships with rehabilitation clinics, a marketplace with products and services and access to investment services.

/retail

CSI buys Velocity Solutions

CSI, a leading provider of end-to-end financial software and technology, has announced the acquisition of Velocity Solutions. Velocity offers financial institutions best-in-class account and deposit acquisition, customer engagement and retention solutions as well as intelligent software for serving consumer liquidity through overdraft management.

/retail

DailyPay adds savings feature

DailyPay continues to innovate its award-winning worktech platform with a new feature that will help users on their path to financial stability. The new Savings feature will be added to the newly branded DailyPay Visa® Prepaid Card and provide users with an opportunity to create savings goals and set aside money as they earn it.

/retail

Revolut hits 10m customer mark in the UK

Revolut, the global financial technology company, has today announced it has reached ten million customers in the UK.

/retail

Safaricom and Mastercard team on cross-border remittances in Kenya

Safaricom and Mastercard have signed a partnership to accelerate the adoption of payment acceptance and cross-border remittance services in Kenya. This collaboration is set to benefit over 636,000 merchants using M-PESA, Safaricom’s leading mobile money service.

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