Italian neobank illimity launches its open banking platform
illimity, a Milan-based neobank which emerged out of the merger between Spaxs and Banca Interprovinciale, has switched on its open banking platform and welcomes its first two third party partners – fitness tracker Fitbit and electronic scooter-sharing firm MiMoto. The bank says the platform’s partners and services will be under “constant evolution” Following its launch … Continue reading Italian neobank illimity launches its open banking platform Continue Reading
LenderClose, a proprietary, technology-focused lending platform based in Iowa, USA, has appointed Martina Schubert as its chief technology officer (CTO). Schubert joins LenderClose with more than 25 years in information technology leadership experience. In her most recent role with DLL Financial Solutions Partner, Schubert was part of two executive leadership teams. Those teams were responsible … 
UniCredit, one of Italy’s largest banks, has partnered with San Francisco-based start-up, Taulia, to up the capacity of its existing supply chain finance platform. The bank, which holds roughly €827.1 billion in assets under management, will use the fintech’s capabilities to serve a larger number of clients – both domestically and internationally, including its 13 … 
Synapse, a San Francisco-based fintech, has cut its staff by about half and signalled its intention to move more of its workforce to Texas in response to the pandemic, according to Business Insider. “Last week, a Zoom call attended by Synapse’s non-terminated employees had 68 participants. The company had about 130 full-time staffers before the … 
PagoFX, the Banco Santander-backed international money transfer service which launched in the UK in April, has rolled out a new business offering for sole traders and added eight new currencies for UK users to send money in. Eight currencies from the Middle East and Central and Eastern Europe (CEE) have been added The bank-born fintech says … 
Distributed ledger technology (DLT) appears to be making progress in its effort to provide the financial services ecosystem with an alternative to traditional rails, with a focus on easing cross-border payments friction. This week’s look at payment rail innovation finds growing adoption of blockchain tools by financial institutions (FIs) as innovators highlight the costs and … 
In a deal that marks the company’s inaugural acquisition and the start of its global growth, Credit Sesame said it finished its acquisition of Canadian challenger bank STACK. The two companies began their partnership last year, which brought together the deep credit knowledge of Credit Sesame and the digital banking services of STACK to make a no-fee … 
Beginning March 23 and tracking more than 14,000 U.S. consumers to date to assess changes in attitudes and activities during the pandemic, PYMNTS’ latest installment in our Navigating The COVID-19 Pandemic series, The Great Reopening: Shifting Preferences, shows that more people want to head outdoors, back to work and life writ large, despite lingering disease fears. PYMNTS’ May … 
U.S. retail and food services sales rebounded in May from April amid the pandemic, but they were still under levels seen in May of 2019, according to the latest U.S. Census Bureau advance monthly sales numbers. The agency estimated advance monthly sales for May of $485.5 billion, which marked a 17.7 percent jump from April of this … 
The gig work revolution was well underway when the pandemic struck. And like so many things, developments that were moving at a leisurely pace, it suddenly needed velocity. That’s true in terms of getting gig work solutions to market, and as a core characteristic of those solutions. Add accuracy and security to velocity and it …