ISO 20022 is an open global standard for financial information. It provides a more consistent, significantly richer, and highly structured data set that can be used for most financial business transactions. 

These messages will be vital to the payments industry and will play an important role in the overall modernisation of payment processes. Specifically, they provide a structured and data-rich common language that is readily exchanged among corporates and banking systems.

Pidgin, a secure real-time payments platform built for the future of payments, has partnered with Exchange Bank to offer instant payments to its account holders.

Kroll, the leading independent provider of global risk and financial advisory solutions, has released The State of Cyber Defense Report 2023: Detection and Response Maturity Model, which discovered that 91% of cybersecurity professionals believe that their cyber detection and response processes are “very mature” or “somewhat mature,” yet, in fact, only 4% have mat

Resistant AI, the AI- and machine learning-powered financial crime prevention specialists, today announced that it has partnered with unstructured data automation platform Instabase.

Medius, a leading provider of AP Automation and wider Spend Management solutions, today announces a new Fraud & Risk Detection product to help businesses proactively prevent fraud, and gain greater visibility and more control across the invoice to pay lifecycle. The new solution extends existing risk and compliance controls within the Medius Suite.

Innovate Finance and leading FinTech industry players have given support to the digital pound, claiming it will boost innovation and cement the UK as a global payments leader.

The Bank of England and HM Treasury have both claimed that there is ‘likely to be a future need for’ a digital pound or Central Bank Digital Currency (CBDC) as the UK battles for financial stability.

Baton Systems, the global fintech digitally transforming post-trade processing through distributed ledger technology (DLT), has launched a game-changing digital solution providing firms with automated, comprehensive, and real-time control of their cash settlements. 

Apron, the intuitive fintech platform that slashes the time small businesses spend processing invoices, has raised $15 million in Series A funding led by Index Ventures. The funding is a sign of the growing appetite for consumer-grade experiences in B2B software and of the commercial potential in addressing the under-served small and medium business (SMB) community.

Muinmos and TConsult have signed an agreement to integrate TConsult’s Investor Self-Declaration platform (ISD) into Muinmos’ Client Onboarding Platform, enabling Muinmos’ clients, typically financial institutions, to automatically obtain ISDs instead of using multiple paper tax certification forms to document the tax status of their clients.

Global Fintech leader Broadridge Financial Solutions, Inc., today announced that UBS successfully went live on Broadridge’s newly launched sponsored repo solution built on the DLT-enabled Distributed Ledger Repo (DLR) platform. This sponsored repo solution marks the launch of the next phase in the rollout of Broadridge’s DLR platform.