CaixaBank has rolled out FXWallets, a service for opening virtual accounts with no opening or maintenance costs, to send and receive international payments in multiple currencies
Open Banking Exchange (OBE) has delivered rules and standards for the delivery of Open Finance in the Philippines, taking the role of pilot administrator
Analytics software company FICO has announced a partnership with Open Finance data and payments platform Belvo set to expand credit access in Latin America
The Bank of Lithuania has revoked the licence of the electronic money institution UAB PAYRNET for serious, systematic, and multiple violations of legal acts
Embedded finance startup Weavr has announced the launch of Embedded Finance Cloud to enable financial institutions to create and distribute embeddable financial products
Private equity firm KKR has agreed to acquire up to €40 billion ($43.71 billion) worth of PayPal's European buy now, pay later (BNPL) loans, according to Reuters.BNPL took off during the pandemic as it was easier for consumers to split their purchases into smaller installments rather than paying for it in full at one go