Hitachi Payment Services, India’s leading payments and commerce solutions provider, today announced the launch of the country’s first Upgradable ATM. The Upgradable ATM can be transformed into a high-performance Cash Recycling Machine (CRM) at any point of time. Manufactured under the Make in India initiative, these new Upgradable ATMs provide more flexibility and efficiency to banks. 

Brite Payments, a leader in instant bank payments, today announced the launch of Brite Instant Payments in Germany. The fast-growing Swedish fintech enables instant account-to-account (A2A) payments and payouts, leveraging Europe’s open banking infrastructure.

Encompass Corporation, the leader in Corporate Digital Identity (CDI), has appointed seasoned finance executive Stuart Barnard as its first Chief Financial Officer (CFO).

Volt, the global real-time payments platform, today announces the launch of its secure, PayTo-based, one-click payment solution for its retail customers in Australia. In addition to simplifying the payment experience for customers and eliminating credit card surcharges, this next-generation online digital payment solution allows retailers to receive payments instantly.

myPOS, one of the UK and Europe's largest providers of payments, accounts and card solutions for small merchants and sole traders, is delighted to announce the appointment of Mario Shiliashki as Chief Executive Officer.  Shiliashki will also join the myPOS Board of Directors. 

Shiliashki brings a global view on payments, having worked across four continents for companies such as PayPal, Mastercard and more recently PayU where he successfully managed all stages of Growth, M&A and Exit. 

Epic River and Zero Circle today unveiled an alliance to integrate their digital platforms, aiming to accelerate the process of securing green financing. This collaboration brings together Epic River's lending-as-a-service platform, which connects financial institutions with unique and local community lending opportunities, and Zero Circle's green finance marketplace, designed to streamline access to green capital for mid-tier organizations.

Synthetic identity fraud is most commonly associated with fraud in banking or against credit unions but is often mistakenly overlooked in digital commerce. With fraudsters becoming more clever about how they use synthetic identities, it’s a tactic that fraud fighters need to watch out for and guard against.

Synthetic Identities are Not New

There is no shortage of news headlines about companies falling victim to cyber breaches and the astounding costs associated with them. According to the IBM Cost of a Data Breach Report 2023, the global average cost of a data breach in 2023 was $4.45 million, a 15% increase since 2020. For the financial services industry, the cost is even higher at $5.9 million per breach; that is 28% above the global average. 

nCino, Inc., a pioneer in cloud banking for the global financial services industry, today announced that Together, one of the UK’s leading property lenders, has selected nCino’s Cloud Banking Platform to revolutionise and future-proof its business.

Islamic banking and finance is experiencing a surge in popularity within the Commonwealth of Independent States (CIS) region, presenting a significant new market for financial services. This was highlighted by a recent visit to Uzbekistan, Kyrgyzstan, and Azerbaijan by Mr. Muhammad Zubair, CEO of AlHuda Centre of Islamic Banking and Economics (CIBE), UAE a leading Islamic finance advisory and consultancy firm.