PayEm, which offers spend and procurement management services, has raised $220m in a mix of equity and credit financing.

The funds were supplied by Viola Credit, Mitsubishi Financial Group, Collaborative Fund and others.

With this fresh equity, PayEm plans to scale its credit cards operation and support larger customers with its payments platform. Funds will also support the continued development of the platform.

Revolut is to roll out a new super-premium membership plan targeting ambitious, affluent individuals interested in a luxury lifestyle.

The new top-tier plan, Ultra, offers users free lounge access at 1200 airports, cashback, and low fees on Revolut investment products. Coming in the Spring, Revolut is inviting new and existing customers to join a waitlist to unlock 5% cashback on purchases made in their first month with Ultra.

Halifax has launched a suite of digital accessibility tools on halifax.co.uk to provide an even more inclusive experience for customers on their website. 

14.1 million people in the UK live with some form of disability and often face barriers when using the internet.  

Form3, the cloud-native account-to-account platform, today announces that it is sponsoring the Payment Association’s Project Financial Crime Working Group this year, to address the challenges of tackling increasing levels of digital and financial crime in the UK.

Going into 2023, we expect to see continued difficulties for businesses, but hopefully less severe than in 2022 as inflation reduces and central bank tightening eases. With businesses now adjusted to the pound’s lower level, they should better understand how to mitigate market volatility. 

We highlight three predictions that businesses should watch out for in 2023.

Appreciation in high-risk currencies 

A majority of financial services firms now view digital transformation as essential to their business and are already looking to the next wave of technology to help get ahead, according to a new report by Broadridge Financial Solutions, Inc. In the 2023 Digital Transformation and Next-Gen Tech study of 500 C-suite executives and their direct reports across the buy side and sell side globally, 71% said artificial intelligence (AI) is now significantly changing the way they work, and 60% agree that within t

The Citco group of companies (Citco) has moved to streamline the client onboarding and Know Your Customer (KYC) processes after agreeing a deal with digital transformation business, Fenergo, to integrate its client lifecycle management (CLM) platform across Citco. 
 

Simpl, India’s foremost 1-tap checkout network, today announced the appointment of Ashwini Ravindranath as Vice President of the Partner Success team. Ashwini will lead the team to build strong relationships with Simpl’s merchant network and own the P&L of the Pay Later business of the organisation. With this strategic hire, Simpl aims to help its onboarded merchant partners achieve their desired business goals.

8.6 million people in the UK have used fake, fraudulent or someone else’s identity in person or online to gain access to goods, services or credit, according to independent research by GBG, the digital identity experts.

The global AI-powered fraud prevention and identity verification startup iDenfy, announced a new partnership with Finora Bank, the Lithuania-based financial service provider for small and medium-sized businesses. With iDenfy’s IDV and AML solutions, Finora Bank will automate compliance and secure the customer onboarding process.