ThetaRay, the leading provider of AI-powered financial crime detection technology, today announced the acquisition of next-generation European screening company, Screena. The acquisition demonstrates ThetaRay's continuous investment in proprietary technology and reaffirms its mission of enabling banks, fintechs, and regulators to detect financial crime with state-of-the-art AI solutions. 

EarnUp Inc., a financial wellness fintech company, announced today its newest product, AI Advisor, the industry’s first and only always-on AI-powered financial guru that helps to automate end-to-end consumer financial wellness. From expert advice to seamless execution, AI Advisor provides financial institutions with the ultimate customer engagement tool.

Safecypher, one of Europe’s leading card payments security companies, has launched an advanced new anti-fraud technology in partnership with An Post. The Irish Post office will now embed the Safecypher security technology for CNP (Cardholder-Not-Present) payments into its popular An Post Payments app. 

CNP fraud is one of the most devious and pernicious types of credit and payments card fraud, and CNP global losses predicted for 2024 are $35.8 billion.

In the fast-paced world of financial services, case management can be a key component in mitigating risk of loss, maximizing the value of customers, and ensuring frictionless onboarding experiences. Its importance is underscored by the fact the case management market is expected to grow to $9.44 billion by 2026 at a compound annual growth rate (CAGR) of 9.54%.

Fifth Third Bank is pleased to announce a collaborative agreement between Newline™ by Fifth Third, a leading embedded payments provider, and Stripe, a financial infrastructure platform that enables businesses to seamlessly incorporate financial services in their products. Together, Newline™ and Stripe will expand embedded financial services for Stripe’s platform users and their customers.

Swedish fintech, Brite Payments, continues to solidify its position as a leader in account-to-account (A2A) payments, also known as ‘Pay by Bank’, with a number of milestones in the first half of 2024 amid widespread industry recognition. 

Airwallex, a leading global payments and financial platform for modern businesses, has selected GoCardless to provide direct debit to its customers across several key markets.

Through GoCardless Embed, a white-label integration, Airwallex now connects to the GoCardless global bank payment network, helping Airwallex customers to expand into new verticals and use cases where direct debit is preferred.

AI Fintech Aveni.ai has announced one of the largest Series A investments in a Scottish business this year, amounting to £11 million.

In a significant move towards enhancing digital financial inclusion, Salaam Somali Bank, in collaboration with Mastercard, has announced the launch of a digital-first co-branded multi-currency prepaid card designed to revolutionize digital payment solutions. This strategic collaboration aims to cater to the growing needs of international travelers and diaspora communities by providing secure and convenient means of conducting digital payments globally.