We have all experienced the impact that financial technology (fintech) has had upon the delivery of financial services. The UK has emerged as one of the leading global fintech hubs, with a thriving ecosystem of around 2,500 fintech companies in Britain, mostly in London, making London the third biggest fintech hub in the world.

Liberis, a leading global embedded finance platform, is reinforcing their commitment to responsible and sustainable investment practices by developing Cashback for Green, responding to the growing appetite from their SME customers for green funding solutions. 

The “worrying weight of compliance” is taking its toll on regulated firms in the emerging financial sectors, with more than two-thirds saying they are concerned about committing an anti-money laundering (AML) breach.

One in five go even further, saying they are “very worried” about the robustness of their compliance procedures.

Versori, a leading provider of data infrastructure solutions, announced today that it has raised $3.5 million in a funding round led by Stage 2 Capital, with participation from notable angel investors including Cindy Bi of Capital X and Jamie Su, among others. 

Unlimit, the London-based global fintech pioneer, and PayWings, a versatile digital payments platform, have joined forces to create a cutting-edge digital payment solution catering to both B2C and B2B markets.

Blackfinch Group, the Gloucester-based investment specialist focused on tax-efficient investments, property lending, renewable energy and ventures, has hired finance lawyer Tom Marshall to strengthen its in-house legal team and enable the group to provide clients with significant cost, time and efficiency savings.

In March 2022, the UK implemented the final piece of the second Payment Services Directive (PSD2), requiring customer-initiated payment transactions to be subjected to strong customer authentication (SCA), via a new method, such as two-factor authentication (2FA). PSD2 is designed to protect customers in the digital payment ecosystem from fraud, in particular Card Not Present (CNP) fraud, which has historically constituted the lion’s share of card-related theft – amounting to an estimated EUR 1.5 billion in 2019. 

iDenfy,  a global RegTech company offering full-stack identity verification and fraud prevention tools, announced a new partnership with AlaiseData. This Germany-based development company provides innovative digital business solutions tailored to long-term product relationships. iDenfy’s verification service will help ensure KYC compliance and a swift verification process for AlaiseData’s customers.