Volante Technologies Inc., a leading provider of payments and financial messaging solutions in the cloud, today announced that it has raised $35m USD in growth equity financing led by Wavecrest Growth Partners with strategic participation from BNY Mellon, Citi Ventures, PostePay and Visa Inc.

Utility Warehouse (UW), has selected cloud-based payment processing platform, Paymentology, to process its cashback card transactions. UW customers can benefit from cashback from thousands of market-leading online and high street retailers, including Sainsbury’s, Boots, and M&S. This cashback is automatically offset against their monthly utility bill.

Sokin, the new generation payments firm, has announced a partnership with Jumio to introduce the latest digital identity verification technology as part of its client onboarding process. Sokin offers an easy to use fixed price subscription service for global payments which cuts out repeat and hidden costs, with transactions handled at some of the best market rates. 

Mendix, a Siemens business and the global leader in enterprise low-code, today announced that Mphasis Digital Risk, a financial services technology provider for the competitive U.S. mortgage loan fulfilment market, has successfully launched an expanded portfolio of software development projects for both internal and external Mphasis clients.

iwoca will be reaching out to the CEOs of the UK’s largest banks urging them to work with the FinTech lender to ensure small businesses are accessing finance as quickly as possible through the Coronavirus Business Interruption Loan Scheme (CBILS).

The call for greater collaboration comes as iwoca announces a new fundraising round of £100 million which will be used to scale its CBILS offering and fund new customers through the scheme for the first time.

The financial services industry looks set to change dramatically over the next couple of years in response to COVID-19. The pandemic has certainly highlighted some inefficiencies and weak spots in current processes for many businesses, such as those dealing with a high level of consumer credit checks, for example.

The financial services industry looks set to change dramatically over the next couple of years in response to COVID-19. The pandemic has certainly highlighted some inefficiencies and weak spots in current processes for many businesses, such as those dealing with a high level of consumer credit checks, for example.

Lawyer Imran Ahmad, a partner at Toronto’s Blake, Cassels & Graydon LLP, specializes in cybersecurity, privacy and technology law. He’s also the author of a preparation and response handbook entitled Cybersecurity in Canada: A Guide to Best Practices, Planning, and Management.

Fiserv, Inc. (NASDAQ: FISV) a leading global provider of payments and financial services technology, today announced that Absa Regional Operations (ARO) has moved to Fiserv to support credit card management and processing in nine African nations.