Deluxe, UK Trade Dept Team on Cross-Border Innovation

Deluxe, which works in payments and business technology, has hosted 10 British FinTech companies to help promote collaboration and innovation in financial and business services, a press release said.

Deluxe helps businesses grow and can work with businesses at any stage of their life cycles, the company said.

The companies selected were BR-DGE, Centelli, Datactics, EarthID, Eedenbull, Float, Identitech, Liberis, Willo and Yoello, the release said.

The event was also intended to help strengthen ties between Atlanta and the U.K. as leading markets for FinTechs, and this was done in partnership with the U.K. Department for International Trade (DIT), which works with trade agreements with outside the U.K.

The 10 companies were selected to showcase their products and expertise to Deluxe leadership at the country’s Metro Atlanta innovation center. The companies reportedly got the chance to “learn about the Atlanta Fintech ecosystem from local economic development organizations, industry bodies, and academia.”

“Deluxe is committed to open innovation, not just within our walls, but with new, emerging businesses no matter where they are located,” said Scott Sanchez, Vice President and Chief Innovation Officer for Deluxe. “Participating in this event allows us to shape the way we work within the broader payments and data ecosystem. The future of Fintech is all about collaboration, and this event was a way to explore exciting new companies as we continue to push forward.”

In other news related to the U.K., electronic payments company ePayments Systems has announced that it will be closing its doors permanently, PYMNTS wrote.

Read more: UK’s ePayments Systems Shutters for Good

The FinTech has been closed for almost three years already, after the country’s Financial Conduct Authority (FCA) identified weaknesses in the way it dealt with financial crime controls. The FCA said it had to cut out all operations.

Company filings showed that ePayments has a subsidiary in Moscow, and most of its revenue came from outside the U.K.

Now when users visit the company website, they’re greeted with a pop-up alerting them of the permanent closure, saying they should withdraw their funds as soon as possible. The company said it will “now focus entirely on providing customers with refunds and working through the process of closing your accounts.”