The Weekly Wrap: all you need to know by Friday COB | September 22nd

By Puja Sharma

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements. For Prime subscribers only.

The Big Story

HSBC UK has partnered with cross-border credit bureau Nova Credit to offer newcomers the option to include international credit history when applying for a credit card.

New and existing customers applying for an HSBC UK credit card online can choose to share their credit history from a growing list of 12 countries, including Australia, Brazil, Canada, Dominican Republic, India, Kenya, Mexico, Nigeria, Philippines, Spain, Switzerland, and the US.

Madhu Kejriwal, Head of Unsecured Lending at HSBC UK said, “Newcomers are vital to the growth of our economy, with the flow of ideas and experiences enriching the lives of people across the UK and around the world. But newcomers can face real and unique hurdles when settling into their new lives in the UK – from struggling to set up essential services due to a lack of local credit history to juggling finances between locations and understanding tax considerations.

Deals of the week

• Swipe2B surpasses $2b of B2B supplier payments in the UAE
• Money management app HyperJar raises $24m Series A
• Visa and Swift team up to enhance global B2B payments
• Fipto raises €15m for blockchain-based treasury management offering
• Bowtie bags $34.9 m Series B2 funding to fuel expansion and innovation
• Temenos Payments Hub launches on IBM Cloud to enhance security for banks
• Tesselate Group’s hive.t platform now on Temenos Exchange
• Safexpay enters GCC, pledges up to $10m in digital payments ecosystem
• ACI Worldwide and Microsoft partner to boost real-time payments
• Rapyd expands in Singapore to streamline payments for local SMEs
• Ingenico and Diggecard announce gift card solution for acquirers

Be on the lookout for

Fintech Surge is the premier hub for FinTech entrepreneurs, innovators, investors, and regulators leveraging the growth of PayTech, WealthTech, InsureTech and RegTech in the MENA region.

With a clear focus on embedded finance, customer experience and benchmarking global fintech strategies, the Middle East and North Africa’s unrivaled meeting place for global fintech leaders will see the financial industry’s biggest tech-revolutions in the fields of paytech, insurtech, regtech, wealth & asset management and digital banking presented by 100+ globally leading financial services companies and most disruptive startups.

It is taking place at the iconic Dubai Harbour, with 1000+ startup exhibitors and 700 VCs and Future Blockchain Summit.