Joanna Akers-Khan

Fintech Treyd hits £200 million milestone - Bdaily: A fintech lender is accelerating its UK expansion after surpassing £200 million in funding to small and medium-sized businesses. #finpeform #fintech

++ The BENEFIT Company Launches Digital Direct Debit via BenefitPay to Boost Bahrain’s FinTech Innovation ++ BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has announced the availability of the Digital Direct Debit service via “Fawateer” through its BenefitPay app. The launch marks a significant step forward in Bahrain’s ongoing digital payments transformation, offering a more advanced, secure, and efficient model for managing recurring financial obligations. This aligns with the directives of the Central Bank of Bahrain to further reinforce Bahrain’s position as a leading regional hub for innovation in digital payments and FinTech. The Digital Direct Debit service provides an advanced alternative to traditional paper-based procedures, enabling the instant activation of mandates without the need for manual processing or delays. Delivered through secure digital channels that rely on verified customer credentials, the service enhances security and reduces fraud risks commonly associated with conventional methods. The service enhances operational efficiency for beneficiary entities by automating authorisation and collection processes, reducing reliance on manual data entry, and lowering administrative costs, while also minimising the risk of human error. It further supports companies in strengthening cash flow management through automated collections processed on due dates. Digital Direct Debit also offers users a smooth and straightforward payment experience, while supporting environmental sustainability through a fully paperless digital model. The service stands as a key pillar and enabler of innovation across FinTech, Open Banking, Open Finance, embedded finance, and account-to-account (A2A) payments, forming a foundational step in the transition toward the concept of smart money. In doing so, it supports the evolution of Bahrain’s financial ecosystem toward smarter, more connected payment infrastructures. “This initiative reflects BENEFIT’s ongoing drive to deliver innovative and secure solutions that respond to market needs and support the transition towards a digital economy. It also aligns with the Central Bank of Bahrain’s directives aimed at enhancing digital payments infrastructure, improving efficiency and transparency, and further reinforcing Bahrain’s standing as a leading centre for FinTech innovation and excellence.” – Mr. @Abdulwahed AlJanahi, Chief Executive, The BENEFIT Company 🔗 Read the full article: https://lnkd.in/d-hPfvxd #TechAfricaNews #BENEFIT #BenefitPay #DigitalDirectDebit #FinTech #DigitalPayments #Bahrain #OpenBanking #EmbeddedFinance #Cashless

🏦 LendingClub + Radius Bank: A Fintech Power Move LendingClub’s acquisition of Radius Bank marks a major milestone in fintech evolution. By combining a leading digital lending marketplace with a fully chartered digital bank, LendingClub has unlocked a new business model — one that blends lending, deposits, and digital banking under a single ecosystem. This move strengthens their ability to offer more personalized financial products, creates a more stable funding source, and enhances long-term profitability. More importantly, it signals a broader shift in the fintech world where digital lenders aim to become full-service financial institutions, not just loan providers. As the lines between fintechs and traditional banks continue to blur, this acquisition shows how digital finance is gearing up for its next phase of growth. 📖 Read the full article: https://lnkd.in/d3T8uFHE What are your thoughts — will more fintechs move toward full-service banking models? #Fintech #LendingClub #DigitalBanking #FinanceInnovation #Neobanking #Lending #FintechTrends