AutoRek Supports Leading UK Digital Investment Platforms as Demand for Automated Reconciliation Grows
- 3 days 20 hours ago
- Investment Management
AutoRek, the leader in enterprise financial controls and reconciliation automation, today announced that two leading digital investment platforms in the UK have selected its technology to automate reconciliation processes, strengthen financial controls and support operational resilience at scale.
August Breaks UK Credit Card Record as Balances Soar
- 3 days 20 hours ago
- Credit Cards
According to data analysis from global analytics software leader FICO, average active UK credit card balances exceeded £2,000 in August for the first time since records began, following three consecutive months of increases. Contributing to higher balances, payment rates dropped after a brief recovery in July, and remain lower than the same time last year. This trend, coupled with an annual increase in all levels of missed payments, highlights...
Samsung Electronics and Checkout.com Partner to Support High-Performance Digital Payments and Expand Samsung Pay
- 3 days 20 hours ago
- Payments
Checkout.com, a leading global digital payments provider, today announced a global partnership with Samsung Electronics to support its digital commerce ecosystem with flexible, high-performance payment capabilities, and bring Samsung Pay to more merchants.
UnaFinancial Enters South Africa With a Digital Lending Service
- 3 days 21 hours ago
- Lending
Kredio offers South African consumers digital loans ranging from R500 to R8,000, with repayment terms of 7 to 45 days. The application process is easy: an automated credit check delivers a decision, and approved funds are paid to the borrower's bank account within minutes, with no branch visits. The company is registered with the National Credit Regulator.
Two in Five Financial Services Leaders Say AI Capability Gaps Have Cost Them Business
- 3 days 21 hours ago
- Artificial Intelligence
Two in five (40%) financial services directors and C-Suite professionals say their organisation has lost a competitive bid or client opportunity partly because of AI capability concerns, according to new research from Kaplan UK - a leading provider of professional education, apprenticeship training, and enterprise upskilling. The findings suggest that capability gaps are beginning to have a direct commercial impact in a sector where AI...
Xceptor Expands Investment in Japan to Help Financial Institutions Modernise Capital Markets Operations
- 3 days 21 hours ago
- Infrastructure
Xceptor, a global leader in data automation for capital markets, today announced it has expanded its investment in Japan to help more financial institutions transform their operating models and drive domestic and international growth.
82% of UK and Ireland Finance Leaders Feel Under Pressure to Adopt AI Faster Than They Are Comfortable With
- 3 days 21 hours ago
- Artificial Intelligence
More than four in five (82%) finance leaders in the UK and Ireland say they feel under pressure to adopt AI in their finance function faster than they are currently comfortable with, according to new research from AccountsIQ.
Zoho Launches Payroll Solution in the UK to Handle PAYE, National Insurance Calculations and RTI Submissions
- 3 days 21 hours ago
- Payments
Zoho Corporation, the global technology company, has launched Zoho Payroll, a payroll management solution built around the compliance requirements of UK businesses.
LHV Bank Goes Live With AI Agent for Customer Emails, Powered by Gradient Labs
- 3 days 21 hours ago
- Banking
LHV Bank has gone live with agentic AI for customer email support in the UK, powered by Gradient Labs. The launch follows a proof of concept announced earlier this year and means LHV’s retail customers can now get immediate answers to everyday banking questions by email, around the clock.
First Citizens Bank to Collaborate With NCR Atleos to Provide ATM Access at Target Stores Nationwide
- 3 days 21 hours ago
- Banking
First Citizens Bank today announced an agreement with NCR Atleos to provide clients with surcharge-free access to ATMs at more than 2,000 Target stores. The nationwide rollout provides First Citizens’ customers with a flexible, convenient, and secure way to access everyday banking at participating Target locations.
New Research Shows How AI Will Change the Gift Card Industry
- 3 days 21 hours ago
- Artificial Intelligence
Blackhawk Network (BHN), a global branded payments leader, today released new research surveying 694 U.S. business leaders responsible for incentives, commerce and branded payments, finding that artificial intelligence could fundamentally change how consumers discover, select and purchase gift cards. The findings are pertinent as businesses prepare for a future where AI assistants will act on a shopper’s behalf.
Jack Henry Expands Collaboration With Google Cloud to Deliver Tokenized Deposits for Banks and Credit Unions
- 4 days 15 hours ago
- Infrastructure
Jack Henry® today announced an expansion of its collaboration with Google Cloud designed to pave the way for banks and credit unions to offer tokenized deposits through Google Cloud Universal Ledger (GCUL). As part of the expanding relationship, Jack Henry will become the first core technology provider to integrate with GCUL, helping financial institutions modernize deposit offerings, strengthen accountholder relationships, and introduce new...
Fiserv Simplifies Cross-Border Commerce With Commerce Hub™
- 4 days 15 hours ago
- Payments
Fiserv, Inc. , a leading global provider of payments and financial services technology solutions, today announced the global availability of Commerce Hub, a platform that enables enterprise merchants to orchestrate and simplify commerce through a single connection to Fiserv's commerce capabilities.
Finastra Launches Cloud-Enabled SBLC Solution to Help U.S. Banks Digitize Standby Letter of Credit Processing
- 4 days 15 hours ago
- Banking
Today at Money 20/20 in Las Vegas, Finastra announced Finastra StandbyX, a cloud-enabled solution designed to help U.S. banks digitize and automate standby letter of credit (SBLC) processing while strengthening risk management and operational efficiency.
Fission Raises $10M Series A Led by Pantera Capital to Bring Liquidity to Digital Private Markets
- 4 days 17 hours ago
- Fundraising News
Fission, a blockchain-enabled financial technology company building liquidity infrastructure for tokenized investment funds, today announced it has closed a $10 million Series A funding round led by Pantera Capital and backed by a group of investors spanning traditional finance and digital assets.
