Last month, GoCardless launched the results of our latest global survey, revealing that over a third of businesses plan to consolidate the number of Payment Service Providers (PSPs) they use within the next 12 months. It’s clear from the responses that the current economy plays a key role in this decision, with 9 in 10 respondents telling us that they’re satisfied with their current suppliers but the need to reduce costs takes precedence.

Paays Financial Technologies Inc., a leading provider of Fraud Detection, KYC, AML and Income Verification software solutions in Canada, is pleased to announce a new partnership with Yoti, a leading digital identity company. Paays will integrate Yoti’s identity verification technology with the Paays ID Verifier solution, to streamline the customer journey, strengthen identity checks and reduce the risk of fraud in auto finance applications.

FERO is delighted to announce the successful closure of a $3 million seed round from Coatue, Volta Ventures, and Antler.

Connectly, the leader in conversational commerce, today announced its $7.85 million Series A investment led by Volpe Capital, with participation from RX Ventures and Saurabh Gupta, managing partner of DST Global. This brings the total amount the company has raised to $17.25 million.

SpiderSilk, a Dubai-based cybersecurity AI startup, is making significant strides in the rapidly evolving world of cyber defense.

The firm announced a successful $9m funding round, spearheaded by Waed Ventures, the $500m Kingdom-based venture capital fund of Aramco. The round also saw active participation from STV and Global Ventures.

Onosetale Aigbe is a distinguished Research and Development (R&D) Technical Tax Consultant in the United States. She holds a Senior Technical Tax Consultant Managerial position at ABGI and leverages her technical background in Mechanical Engineering to solidify her status as a leading expert in the industry. Ms. Aigbe specializes in consulting with companies in Science, Technology, Engineering, Software, Manufacturing, and Architecture to claim R&D tax credits.

Know-it, the all-in-one credit management solution, has announced the appointment of Phil Hobden as its Head of Strategy and Growth.

As an expert in the fintech field and a well-known name within the UK accounting industry, Phil brings over 15 years of experience, strategic vision, and passion for business growth to the team at Know-it. His experience in leadership, empowering accountants and SMBs will accelerate Know-it’s growth opportunities.

Canada is witnessing an increasing interest in Islamic finance, particularly in areas like housing finance, mortgage finance, and takaful (Islamic insurance) products. Some small level Islamic finance institutions in the Canadian market are offering the financial services that adhere to Sharia principles.

Glia, the customer interaction leader unifying Digital Customer Service (DCS), phone and automation on a single platform, is offering new generative AI tools to help financial institutions drive efficiency and improve the customer experience in a safe, secure way.

Today being impacted by a cybersecurity incident is almost inevitable and it is not a question of if, or even when, but how often an organisation will be attacked. According to Veeam’s 2023 Data Protection Trends Report, which surveyed 4,200 business and IT leaders on their IT and data protection strategies and plans, 85% of organizations said they have had at least one ransomware attack in the last 12 months and 79% of respondents said they have a protection gap.