Revolut has hired JPMorgan to oversee a $500 million equity raise and $1 billion convertible loan, in a move that would bring the total funding raised by the loss-making firm to almost $2 billion.

Ethoca, the leading provider of collaboration-based technology solutions that help card issuers and online merchants increase card acceptance and stop ecommerce fraud and disputes, has won ‘Most Innovative Online Solution’ at the UK Fraud Awards 2019.

Hosted by Retail Risk, the awards celebrate the best anti-fraud and security technologies on the market today. The winners were announced during the UK Fraud Awards Gala Dinner on Thursday October 3^rd, 2019 at the home of Leicester City Football Club, UK.

Financial IT speaks with Azamat Sultanov, Co-Founder & Co-CEO of Fortu Wealth and Firdavs Shakhidi, Co-Founder & Co-CEO of Fortu Wealth at PayExpo 2019.
Fortu is the next generation digital payment and wealth management solution that is innovative, low cost and efficient.
It is app-based solution that is targeting the widening gap between this traditional industry and demands from the future generation.

Emmanuelle FILSJEAN, Head of development and operations, M2M Group at PayExpo 2019

Hungary's OTP Group is inviting late-stage startups to apply for a Group-wide pilot programme aimed at finding fresh applications for long-term commercial deployment at the bank.

ING has joined a taskforce to promote the development and acceptance of artificial intelligence technology in the Netherlands, part of a national initiative to halt a brain drain of talent to AI powerhouses like the US and China.

Royal Bank of Canada (RBC) is backing a new academic research project using artificial intelligence to address climate change.

OpenPayd today announces the appointment of Adam Bialy as Chief Product Officer and Sophie Guibaud as Chief Growth Officer.

Sophie joins OpenPayd from Fidor, where she was appointed as Vice President of European Expansion in 2015, becoming Managing Director Europe in 2018. She began her career in investment banking before joining a growth capital fund. After launching HelloFresh, she led product strategy and commercialisation at Bankable, before establishing Fidor in the UK.

Path Solutions, the global Islamic banking software company, today announced that Maisarah Islamic Banking Services of BankDhofar has successfully upgraded its core banking platform to the latest version of iMAL.

Upgrade, Inc., a consumer credit platform that offers affordable and responsible loans, together with credit monitoring and education tools, today announced the launch of Upgrade Card.