Editorial | what does this mean?
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Santander apologises to customers over weekend down time 7 hours ago Santander has apologised to customers after a widespread outage over the weekend locked UK customers out of their accounts. The problems, which began on Saturday morning and lasted much of the day until about 21:15, ran across the full gamut of services, from telephone, online and mobile banking, to branches, cards, and cash machines.
In a statement on its home page, the bank says: We are very sorry for the inconvenience we know this caused.
Editorial | what does this mean?
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
Pine Labs hits $3 billion valuation on $285 million funding round 10 hours ago
1 Mastercard-backed Indian merchant commerce platform Pine Labs has completed a first close of $285M funding at a valuation of $3 billion. Pine Labs currently offers payments terminals, invoicing tools and working capital to more than 150,000 merchants across Asia and the Middle East. The firm in January entered the booming buy now, pay later market with a new proposition in Malaysia, and in April acquired Southeast Asian equivalent Fave for $45 million.
The World Desperately Needs Vaccines, Not Patent Rights forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Editorial | what does this mean?
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
Sequoia leads $5m round for Egyptian digital bank Telda 4 hours ago Egyptian digital banking startup Telda has raised $5 million in a pre-seed funding round led by American VC giant Sequoia Capital. Global Founders Capital and Class 5 Global joined the round for Telda, which was founded just last month by former Uber engineer Youssef Sholqamy and Ahmed Sabbah, who co-founded Cairo-based ride-sharing firm Swvl.
Telda has already become the first company to receive a license from the Central Bank of Egypt under the new Banking Agents regulations, empowering it to issue cards and on-board customers to its app.