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Railsr and Equals Group set for £283m merger

/retail

Railsr and Equals Group set for £283m merger

The long-trailed merger of embedded banking platform Railsr and payments firm Equals Group is set to go ahead through a £283 million takeover deal.

Ripple wins NYDFS approval for stablecoin launch

/crypto

Ripple wins NYDFS approval for stablecoin launch

Ripple has won approval from the New York Department of Financial Services for the upcoming launch of its dollar-backed stablecoin RLUSD.

Embedded investment API Upvest raises €100 million

/wealth

Embedded investment API Upvest raises €100 million

Investment API Upvest is set to double its 170-strong team after closing on a €100 million Series C funding round.

'Suspicious transactions' led to collapse of UK fintech Stenn

/wholesale

'Suspicious transactions' led to collapse of UK fintech Stenn

UK fintech Stenn collapsed into administration after a reference to the company in a US criminal indictment about a Russian money laundering scheme prompted its lenders to begin probing potentially suspicious transactions, according to the Financial Times, citing people familiar with the matter.

The Payments Association calls for action to address the environmental impact of digital payments

/sustainable

The Payments Association calls for action to address the environmental impact of digital payments

The Payments Association is calling for the development of a standardised framework that allows firms to meaningfully measure carbon emissions in the digital payments value chain.

Swish adds tap-to-pay function for its 8.6 million mobile users

/payments

Swish adds tap-to-pay function for its 8.6 million mobile users

Sweden's popular payments app Swish is adding payment cards to its mobile service, enabling users to Tap-to-Pay with their phones in stores across Sweden and abroad.

Eviden and Ordo pilot open banking-based bill payment platform

/ai

Eviden and Ordo pilot open banking-based bill payment platform

Atos Group unit Eviden is teaming up with fintech Ordo and blockchain company ByzGen to pilot an open banking-based bill payment service.

AML firm Themis raises £7.25m

/ai

AML firm Themis raises £7.25m

Financial crime prevention platform Themis has raised £7.25 million in scale-up funding.

EBA Clearing launches Sepa-wide Verification of Payee

/regulation

EBA Clearing launches Sepa-wide Verification of Payee

EBA Clearing has launched a Sepa-wide Verification of Payee (VOP) service to help PSPs in Europe meet Instant Payment Regulation requirements.

ABN Amro pilots 'Pay Later' feature for B2B transactions

/payments

ABN Amro pilots 'Pay Later' feature for B2B transactions

ABN Amro is launching a 'Pay Later' debtor management pilot for business clients with the aim of securing trust in online B2B transactions.

Klarna fined $50 million over AML violations

/payments

Klarna fined $50 million over AML violations

Klarna has been fined Skr500 million ($50 million) by Sweden’s Financial Supervisory Authority, for anti-money laundering defects.

Swedish spend management fintech Mynt raises €22 million

/payments

Swedish spend management fintech Mynt raises €22 million

Swedish spend management fintech Mynt has raised a €22 million Series B funding round at a significantly increased valuation of approximately €175 million.

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