Infact is thrilled to announce a significant milestone in its journey: the successful raising of £4 million in seed funding and securing FCA authorisation as a Credit Reference Agency. This achievement represents a crucial advancement in Infact's mission to establish the UK's first real-time credit bureau.

Aghanim, a mobile gaming fintech company founded by Harvard Business School alumni with over 40 years of combined expertise in video games and fintech, today announces the appointment of Conor McLaughlin as its new Vice President of Revenue & Partnerships (Americas & EU).

Bybit has launched an Islamic Account designed for Shariah-compliant crypto trading, responding to the rising demand for Islamic finance solutions in the cryptocurrency market.

The account, which was introduced on September 24, 2024, allows Muslim traders to engage in spot trading for 75 cryptocurrencies and utilize trading bots like DCA and Spot Grid Bot. Certified by ZICO Shariah and CryptoHalal, the account ensures compliance with Islamic finance standards.

New research from RedCompass Labs, a world leader in payments modernization and financial crime red flags, reveals that US banks believe they are eight months behind criminals, with the largest institutions believing the gap is as wide as 23 months. 

Priority, the payments, and banking fintech that streamlines collecting, storing, lending, and sending money to unlock revenue opportunities, has announced significant enhancements to its Passport product within its banking and treasury solutions platform.

Ataccama, an AI-powered data management company, has launched a new partner program for solution partners to enable them to provide customers with bespoke Ataccama-accredited services. The new initiative is a key investment in partners, enabling them to scale their data management practices and grow with Ataccama.

Today, Sainsbury’s has announced the sale of its ATM business to NoteMachine, a Brink’s Company and one of the UK’s leading ATM operators.

Rapid Finance, a leading small business financing platform specializing in providing customized financing solutions, announced its new partnership with Texas-based Gestalt Tech, a provider of a cutting-edge data warehouse solution designed for financial institutions. Through this partnership, lenders using Gestalt can seamlessly integrate with Rapid’s small business lending automation solution, Decisioneer.

Use of payments firms has grown in recent years, but the FCA says it continues to see poor safeguarding practices from firms.

Funds held by payments and e-money firms are not directly protected by the Financial Services Compensation Scheme (FSCS). Instead, firms must safeguard funds which can mean customers lose money or experience delays to funds being returned if the firm fails.