News

B2B Payments
Handle Adds Fiserv’s Embedded Payments Capabilities to Construction-Specific Credit Software
April 12, 2023

Handle has added Fiserv’s embedded payments capabilities to its construction-specific credit software. With the integration of these capabilities from Fiserv, a global provider of payments and financial services technology, the capabilities of Handle’s construction software for material suppliers and specialty contractors will include secure payment acceptance, Handle...

Digital Banking
UK Small Business Adoption of Open Banking Surges, Surpassing Consumer Use
April 12, 2023

As of January this year, about 10% of U.K.’s population is using open banking services. The number of active users crossed the 7 million mark around the same time the country celebrated the fifth anniversary of adopting open banking regulation. A recent report published by Open Banking Limited (OBL) shows that...

Social Commerce
Social Commerce Firm Shopline Opens European Headquarters in London
April 12, 2023

Shopline is expanding its commerce services platform for selling on social media to Europe. The Singapore-headquartered firm has opened a European headquarters in London, adding that to its regional offices in Malaysia, Indonesia, Taiwan and Australia, Shopline said in a Wednesday (April 12) press release....

Investments
Albion Capital Raises $99 Million for Software and Tech Firms VC Funding
April 12, 2023

British venture firm Albion Capital has raised nearly $100 million for its portfolio companies. According to a UK Tech News report Wednesday (April 12), the money arrived a little more than a year after the company said it was looking for financing, and comes at...

Banking
Smaller Banks Join Growing Roster of FIs Readying for FedNow’s Launch
April 12, 2023

The list of financial institutions — smaller banks among them — readying for real-time payments grows longer. Salem Five, a mutual bank with roots tracing back to the 19th century, will be among Fiserv’s financial institution (FI) clients working to implement the FedNow Service when...

Banking
UK Considers Speedier Depositor Payouts and Other Deposit Protections
April 12, 2023

The United Kingdom is considering changes around deposit insurance, especially in smaller banks. Noting that the United States is doing the same, Bank of England Governor Andrew Bailey said in a Wednesday (April 12) speech that the U.K. is considering improvements to its approach to...

Investments
Pricemoov Raises $10 Million for Price Management Tool
April 12, 2023

French cloud company Pricemoov has raised $10 million to expand its price management tool. The Series A funding round, announced in a Wednesday (April 12) press release, arrived during a difficult capital environment for European companies. It will allow Pricemoov to add to its team,...

Mobile Payments
Twitter Isn’t a Company Anymore; Can It Be a Super App?
April 12, 2023

Seamless, embedded payment capabilities are emerging as a critical growth flywheel for tech platforms. This, as Meta pilots in-app business payment capabilities for WhatsApp users and merchants in Brazil, and Elon Musk ends Twitter’s run as an independent organization by merging the social platform with...

Banking
Banks That Backed First Republic Set Aside $100 Million Reserves
April 12, 2023

America’s biggest banks are reportedly setting aside cash in anticipation of first-quarter losses. The banking giants that helped shore up struggling First Republic Bank with a $30 billion infusion last month have put aside roughly $100 million each in quarterly earnings to protect against losses,...