SEON’s new report, which was released today, paints a worrying picture for both businesses and everyday individuals around online fraud. The publication, entitled ‘Fraud Trends 2023: What They Really Mean for Fraudsters and Your Business’, highlights that fraud is not only on the rise across the internet, but that online fraudsters are now targeting higher amounts of money, and doing so in an increasingly sophisticated manner. 

London-based fintech firm kennek has raised a $4.5 million pre-seed funding round.

The company has developed an end-to-end operating system designed to streamline the operations for lenders, credit investors, corporates, and servicers in the alternative credit sector.

Temenos has received validation on its ambitious Scope 1, 2 and 3 emissions reduction targets with approval from the Science Based Target initiative (SBTi).

As the cost of living crisis continues, new research from Europe’s leading open banking platform, Tink, paints a stark picture of financial realities in the UK. 

Corserv, a company that empowers banks and fintechs with payment card issuing programs, announced that Anil Goyal has been appointed as the new CEO of the company. Former CEO, Jerry Craft will now serve as Chairman of Corserv and will continue to be actively involved in strategic decision-making and leadership for the company.

Cohesity has announced the 7.0 software release of Cohesity Data Cloud. The release provides customers with enhanced cyber resiliency capabilities to help protect and secure data against cyberattacks. 

Canoe Intelligence (“Canoe”), the financial technology company powering alternative investment intelligence for institutional investors, capital allocators, wealth managers, and asset servicing firms, today announced the completion of its $25M Series B financing round.

Unless you’re planning to receive cash via a homing pigeon, you’ll need an efficient payment processor if you have an online store (or take payments digitally at your brick-and-mortar store).

The payment processing service you use is critical not only to facilitate secure transactions but also as part of the wider user experience. A frictionless checkout experience can minimize the chances of cart abandonment and maximize your sales.

ThetaRay, a leading provider of AI-powered transaction monitoring technology, and Piie, Inc., an insurtech providing an intelligent payment engine, today announced a collaboration to implement an advanced AML solution for insurance claim payments.

High-growth trading platform Capital.com, today announced it has entered an agreement with Monecor (London) Limited and Oval Money (Europe) Ltd (OvalX). Under the terms of the agreement, OvalX will offer some of its existing retail and professional clients the opportunity to transfer their accounts to Capital.com.