When comparing to last year’s spending habits, 52% of consumers are more likely to or are already using Buy Now Pay Later (BNPL) services, according to new research from international payment service provider and direct bank acquirer, ECOMMPAY. The data reveals that a quarter of consumers (25%), more conscious of their spending habits during the cost of living crisis, are more likely to use BNPL for festive purchases this year, whilst 27% of shoppers are already using the payment option.

Atlanta-based global payments technology company Brightwell launched its ATM program solutions that offer a cost-effective way for the cruise industry to drive revenue while lowering ATM operation costs. By partnering with NCR, the largest provider of ATM software applications and hardware, and Travelex, the market leader in foreign exchange, maritime clients can launch an ATM program cost-effectively.

ThetaRay, a leading provider of AI-powered transaction monitoring technology, announced today that Ontop, a fintech platform shaping the future of work, has selected ThetaRay’s advanced SONAR anti-money laundering (AML) solution to monitor and detect both known and unknown financial crime threats.

Across the financial services sector, firms are looking to make their processes faster and less resource-intensive, with increasing numbers turning to artificial intelligence (AI) to automate their decision-making. On the face of it, this is a good thing for consumers, since their applications are dealt with sooner.
 
However, there are concerns that such efficiency comes with a caveat. What if the decisions being made aren't fair and cause financial exclusion by unintentionally discriminating against certain groups or individuals?
 

Scality announced its data storage predictions for 2023, capping a year of unprecedented ransomware attacks and unstructured data growth that complicate the work of IT teams to run efficient enterprise computing resources.

FactSet, a global provider of integrated financial information, analytical applications, and industry-leading services, today announced its collaboration with BMLL Technologies (BMLL) to offer the company’s granular order book history and analytics in the cloud.

bondIT, a provider of next-generation investment technology, announced today that it has raised $14M in a new investment round led by BNY Mellon, with participation by existing investors. As part of the investment, BNY Mellon will join bondIT’s Board of Directors.

AppTech Payments Corp. (AppTech) (NASDAQ: APCX), an innovative Fintech company powering seamless, omni-channel commerce between businesses and consumers, today announced two strategic new hires to expand its leadership team and enhance company operations. Deborah Hinderstein has joined AppTech as Vice President of Payment Operations along with Alexander Amaeze as Technical Product Manager.

Iliad Solutions, a worldwide leader in payments testing, is pleased to announce the appointment of Lisa Forsythe, as Customer Success Manager, supporting its growing financial services client base. She brings over 14 years industry experience gained at TSYS, a Global Payments company.

Tonga Development Bank (TDB), the longest-serving bank in the Kingdom since 1977, today announced that it has chosen European paytech BPC to be its HA’AMO 2 (solution partner), helping to accelerate digital transformation in the Polynesian banking sector.