ZA Tech, the next-generation insurance core system SaaS provider, has rebranded as Peak3. With the successful completion of its US$35 million Series A fundraising from EQT (lead investor) and Alpha JWC Ventures, Peak3 now accelerates its expansion in the EMEA region and investments in complementary data and AI solutions.

Amartha, a pioneering Indonesian microfinance technology company, has announced a significant $17.5 million equity investment from the Accion Digital Transformation Fund. This investment aims to bolster Amartha’s efforts in expanding its platform to provide a comprehensive array of financial products and services tailored for underserved women-led small businesses in rural Indonesia, leveraging advanced data and AI technologies.

Semperis, a pioneer in identity-driven cyber resilience, today announced it secured $125 Million in growth financing from J. P. Morgan and Hercules Capital. Following a $200 million Series C round in 2022 led by KKR, the new $125 million growth financing enables Semperis to further invest in product innovation and support a rapidly expanding global customer base.

Adyen, the global financial technology platform of choice for leading businesses, today was recognized as a Leader in the IDC MarketScape: Worldwide Retail Online Payment Platform Software Providers 2024 Vendor Assessment[1] and IDC MarketScape: Worldwide Retail Omni-channel Payment Platform Software Providers 2024 Vendor Assessment[2]. Adyen was recognized for the following strengths - comprehensive solution, innovation, and focus on merchants.

Singapore published today its updated Money Laundering (ML) National Risk Assessment (NRA), as part of Singapore’s continuing efforts to maintain the effectiveness of its anti-money laundering (AML) regime amidst the evolving risk landscape.

ConnexPay, the world’s first all-in-one payments platform, today announced the addition of Kurt Adams to the company’s board of directors. A fintech industry veteran, Adams brings more than two decades of experience, most recently serving in executive roles at Optum Financial and Fleetcor (now Corpay).

DTCC, the premier post-trade market infrastructure for the global financial services industry, today announced that four new Board Members have joined its Board of Directors.

Gynger, the first embedded financing platform for technology purchases, announced today that it has raised $20 million in Series A funding, led by PayPal Ventures, with participation from Gradient Ventures, Velvet Sea Ventures, BAG Ventures and Deciens Capital.

Gynger will use the funding to scale its team and operations and accelerate its vision of transforming its embedded financing platform into a full-scale payments solution for buying and selling of technology.

Artificial Intelligence (AI) is poised to revolutionize the finance industry, potentially driving global banking profits to an astonishing $2 trillion by 2028, according to a newly released Citi GPS report. This represents a 9% increase in profits over the next five years, marking a significant milestone in the financial sector.