News

B2B Payments
City Of London Group Preps UK Banking License For Recognise
July 16, 2019

The U.K. is seeing no signs that its influx of challenger banks will slow down. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

B2B Payments
Bank of Montreal Connects With Demica For Trade Finance
July 16, 2019

The Bank of Montreal is collaborating with a FinTech on supply chain finance services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

B2B Payments
What WhatsApp’s Security Vulnerability Means For Freelancers
July 16, 2019

This week’s news of a security flaw in the Android versions of WhatsApp and Telegram, first revealed by Symantec, marked the latest cybersecurity warning for users of high-profile technologies. In a blog post published Monday (July 15), Symantec warned of the security vulnerability that could...

Regulation
New US Legislation Aims To Compete With China For 5G Tech
July 16, 2019

A Republican lawmaker has introduced legislation that would boost the “representation and leadership” of U.S. firms when it comes to 5G technology. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Investments
Lendbuzz FinTech Raises $150M In Debt And Equity Financing
July 16, 2019

FinTech Lendbuzz has announced Monday (July 15) that it has secured an additional $150 million in debt and equity financing led by 83North, with participation from existing investors.  The debt funding was led by BHI, ConnectOne Bank, IDB Bank, Viola Credit and a large insurance...

Investments
SumUp Snags $371M Loan Backed By Bain, Goldman
July 16, 2019

Six-year-old digital payments startup SumUp has managed to secure a 330 million-euro ($371 million) loan, backed by Bain Capital Credit and Goldman Sachs Private Capital. The new funds will reportedly go toward financing expansion, according to Bloomberg.  The firm is reportedly looking to grow its...

Banking
Curve Captures $55M In New Funding
July 16, 2019

Referred to as an “over-the-top” digital banking platform, London-based Curve has cleared $55 million in its latest funding round. Curve’s claim to fame in financial services is allowing customers to consolidate their many cards into a single Curve card and app. The theory is that...

Payment Methods
If Real-Time Payments Is All About Now, What’s Holding It Back?
July 16, 2019

Now, now, now — that’s the chorus coming from consumers, merchants and other companies when it comes payments, and that demand is fueling progress in real-time payments. It is not only one of the major trends for 2019 but promises to take on increased importance...

Regulation
How PSD2 Is Changing ING Bank’s API Strategy
July 16, 2019

Banks and merchants are racing to meet the Strong Customer Authentication (SCA) deadline as September 2019 approaches. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...