As the financial services world becomes increasingly digitized and consumer demands evolve, fraudsters and their methods are becoming more sophisticated. Provenir, a global leader in AI-powered risk decisioning software, is helping organizations fight back by detecting these emerging threats via sophisticated decisioning tools and advanced analytics to increase fraud detection while minimizing friction in the customer journey.

MoneyLion, a financial technology ecosystem leader empowering everyone to make their best financial decisions, today announced the appointment of 

Klarna, the AI powered global payments network and shopping assistant, today announced the divestment of Klarna Checkout (KCO). The buyer is a consortium of investors led by Kamjar Hajabdolahi, CEO & Founding Partner at BLQ Invest. This strategic move will allow KCO to continue its evolution and enhancement as an industry-leading product under new ownership.

Finastra today announced that Bank Midwest, an employee-owned bank with locations throughout Iowa, Minnesota and South Dakota, has launched OnePlace.bank, a digital bank powered by Finastra, focused exclusively on the financial needs of the healthcare community.

28% of Brits have fallen victim to scams in the past 12 months, according to new research by Wise, the international money app. This equates to 15 million Brits being scammed, highlighting the urgent need for increased awareness and protective measures as scams become more sophisticated.

The opportunities embedded finance provides are broader than many first anticipated. When discussing the potential of embedding financial services into products, the conversation can sometimes focus on a narrow range of use cases: Buy-Now-Pay-Later, or faster payouts for gig workers.

Verituity, a leading provider of intelligent, verified payout solutions, announced the successful close of an $18.8 million funding round led by Sandbox Industries and Forgepoint Capital with the participation of Ardent Venture Partners and MTech Capital. Chris Zock, Managing Partner and Co-CEO of Sandbox Industries will join Verituity’s board of directors.

As international football fans travel to Germany for UEFA EURO 2024, Alipay+ announced that transactions in the country have increased by over two-thirds (67%) during the opening week of the tournament (Thursday 13th June 2024 – Wednesday 19th June 2024).

Alipay+, an official sponsor of UEFA EURO 2024™, is a suite of cross-border mobile payments and digitalization technology solutions that now supports 30 global e-wallets and banking apps. 

New research from Moneyhub has shed light on a concerning trend emerging in the UK; a significant number of Brits are increasingly resorting to payday loans in order to manage their day-to-day expenses.

These findings have revealed that in the past six months, more individuals have applied for payday loans (18%) than mortgages (10%), highlighting the precarious financial situation faced by many.