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Ukrainian IBOX BANK increases the amount of its authorized capital and becomes a second-tier bank

The Committee on Supervision and Regulation of Banks and Payment Systems of the National Bank of Ukraine confirmed the implementation of all economic standards by IBOX BANK, which allow the financial institution to become a second-tier bank. This information was published after the approval of the new edition of the charter of IBOX BANK by the National Bank. The charter was updated in connection with the increase of the authorized capital to the amount of UAH 741 million.

Tuesday, April 26, 2022 - 13:15
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Financial IT
Logpoint Poll Reveals Businesses are 'Throwing Money at Nothing' When it Comes to Their Existing Cybersecurity Stack

Logpoint has revealed that infrastructure and licensing costs are deeply concerning for businesses looking to consolidate cybersecurity tools and make a move into the cloud, according to findings from a recent poll. What’s more, almost a third of respondents believe they are ‘throwing money at nothing’ when it comes to their existing cyber security stack.

Tuesday, April 26, 2022 - 13:07
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Financial IT
FinMapp-Bajaj Finance Collaborates to Introduce the ‘Fixed Deposit’ Feature on the FinMapp App

FinMapp has launched an all-new ‘Fixed Deposit’ feature in the FinMapp application. The Fintech major has updated the app by adding a new icon for an improved customer experience, collaborating with Bajaj Finance.

Tuesday, April 26, 2022 - 13:00
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/news/personal-finance/finmapp-bajaj-finance-collaborates-introduce-fixed-deposit-feature-finmapp-app
Financial IT
Skaleet Partners with Thunes to Expand Cross Border Payments Capabilities for Customers Worldwide

Skaleet , an international fintech providing a next-generation Core Banking Platform (CBP), announces a partnership with Thunes, the leading global cross border payments provider to complement its existing ecosystem.

Skaleet wanted to find a partner that could offer an instant, global payment service to both B2B and B2C customers. With Thunes, Skaleet is now able to offer a wide range of fast, competitive payment services that connect directly to its customers' accounts.

A partnership on the cutting edge of technology

Tuesday, April 26, 2022 - 12:34
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/news/core-banking/skaleet-partners-thunes-expand-cross-border-payments-capabilities-customers
Financial IT
Signicat Acquires UK-based Anti-Fraud and Identity Technology Company Sphonic

Signicat, one of Europe’s leading providers of digital identity and electronic signature solutions, is acquiring all shares in the UK-headquartered anti-fraud company Sphonic for an undisclosed sum. Existing management shareholders will reinvest a substantial part of the consideration into Signicat.

Tuesday, April 26, 2022 - 12:20
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/news/digital-identity/signicat-acquires-uk-based-anti-fraud-and-identity-technology-company-sphonic
Financial IT
Assure Hedge launches OpenHedge

Assure Hedge has as its mission to bring hedging to everyone, working with a broad range of distribution partners to close the massive currency protection gap that exists today. Research shows* that while 80% of large companies with currency risks hedge their currency exposure, 80% of SMEs do not – and still fewer individuals. As result, millions of people face unmitigated risk to their businesses and their livelihoods; a risk estimated to be over $100 billion annually**.

Tuesday, April 26, 2022 - 12:11
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Financial IT
Nium Signs Definitive Agreement to Acquire Socash

Nium, the global platform for modern money movement, today announced a definitive agreement to acquire Socash, a Singapore-based alternative payments network platform. Socash brings together financial institutions and digital commerce merchants into a thriving network that allows consumers to deposit, withdraw, and make payments with cash from more than 30,000 local shops, cafes, and grocery stores.

Tuesday, April 26, 2022 - 11:56
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/news/payments/nium-signs-definitive-agreement-acquire-socash
Financial IT
NIFT and M10 Networks Partner to Power Digital B2B Payments in Pakistan

The National Institutional Facilitation Technologies (NIFT) of Pakistan and M10 Networks today announce a partnership aimed at facilitating digital B2B payments within Pakistan and enabling low-cost, secure, and instant cross-border transfers.

Tuesday, April 26, 2022 - 11:48
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/news/payments/nift-and-m10-networks-partner-power-digital-b2b-payments-pakistan
Financial IT
London Fintech Monspire Raises £600,000

Monspire, the London fintech helping small businesses predict cashflow needs in the aftermath of the Covid-19 pandemic, has raised a £600,000 funding round led by Fuel Ventures.

The cash boost will enable Monspire, founded by serial tech entrepreneurs Simon Draper and Ben Gillen, launch to market and rapidly onboard new businesses. The entrepreneurs are aiming to make Monspire the global cashflow management platform for small businesses, empowering small business owners to grow their businesses with confidence.

Tuesday, April 26, 2022 - 11:35
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/news/risk-management/london-fintech-monspire-raises-ps600000
Financial IT
Intigriti Secures More than €21M in Series B Funding

Intigriti, Europe’s leading bug bounty and vulnerability disclosure platform has raised €21,133,700 million in a Series B round, closing the largest funding for a crowdsourced security platform in Europe to date. The round was led by Octopus Ventures, one of Europe’s largest and most active early-stage investors.

Tuesday, April 26, 2022 - 11:22
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Financial IT

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