Affirm is looking into offering a new subscription service, Affirm Plus, which will guarantee a 0% APR on installment loans up to $2,500 for members who pay a monthly fee, Bloomberg reports.This strategic move—if executed—puts the buy now, pay later firm in a position to grow its business, particularly during a time when many BNPL companies are struggling to remain profitable with their current business models.High interest rates are making it more expensive for companies to borrow, which makes it harder for BNPL companies to make money off interest-free loans
TrueLayer has published new recommendations for the EU to deliver a European payment method based on Open Banking and instant payments, in a newly released report
Plum , a smart money app, has launched Plum Interest, a product aimed at allowing customers to benefit more directly from higher central bank rates and to boost returns on cash
Tata Consultancy Services has expanded its partnership with the Standard Bank Group in order to provide improved solution levels across 15 markets in Africa
Belgium-based company Greenomy has announced its partnership with Microsoft to provide ESG data and RegTech services to corporate clients and financial institutions
International banking group Standard Chartered has announced a partnership with Singapore-based fintech Starfish Digital to support demand for real-time cash management data
Singapore-based digital finance platform Funding Societies has secured USD 27 million in debt funding to bridge the credit gap for SMEs in SouthEast Asia
Open Finance company Brankas has partnered with SaaS tech provider Konsentus to offer centralised technology infrastructure and Banking-as-a-Service (BaaS) solutions to expedite Open Finance