Almost three-quarters (73%) of legal professionals are concerned about the risks and time costs associated with holding client funds, according to a new report from B2B payments business Shieldpay. 

Scottish Financial Enterprise (SFE), the representative body for Scotland's financial services industry, has appointed Cheri Burns to a senior role within its Young Professionals network to bolster communications, with the aim of engaging and supporting the next generation of industry leaders.

Drawing insights from independent research, including a survey of 250 executives and managers from UK banks or financial firms, Weavr’s whitepaper provides a comprehensive look at current attitudes towards, and actions to develop, embedded-finance offerings by UK financial institutions.

Amongst the key findings, the research found:

With the launch of its beta version, twentyone’s customers can now access the company’s platform of mobile apps for the first time. The solutions enable users to create new current accounts, deposit funds, as well as send and receive transactions. At their core, twentyone’s products have been designed to help businesses improve their financial management, streamline operations, and stay competitive.

Spice Money (subsidiary of DiGiSPICE Technologies), India’s leading rural fintech building nanopreneurs for emerging India, announced its strategic partnership with Wibmo - A PayU company to launch 'Spice Pay,' a transformative UPI solution tailored to empower the citizens of Bharat. This strategic collaboration aims to bridge the digital divide by expanding the power of the Unified Payments Interface (UPI) to rural India.

Koverly, the global fintech startup providing B2B buy now, pay later (BNPL) solutions integrated into a digital payment platform, announces the strategic addition of Ben Haddon to its team in a new role as vice president of credit and revenue.

 AccessPay, the leading bank-integration-as-a-service provider, is pleased to announce it has been recognised in the 2023 UK’s Best Workplaces in Tech™ list by Great Pl

Temenos has (SIX: TEMN) today launched an industry-first secure solution for banks using Generative Artificial Intelligence (AI) to automatically classify customers’ banking transactions.

Transactions classification helps banks provide personalized insights and recommendations, offer more engaging and intuitive digital banking experiences, and enhance customer loyalty through more relevant products and offers.

Blockchain for finance pioneer Quant has made its enterprise-grade technology, Overledger, available on the application builder marketplace OutSystems Forge. The move underpins Quant's commitment to making blockchain technology simple to implement, by enabling developers – whether working for financial institutions, large enterprises, SMEs or start-ups – to prototype their Overledger apps quickly and easily.

British Patient Capital announces today a £20m commitment to Connect Ventures Fund IV, the firm’s fourth fund, which has closed at $80m with a final close to come later this year.

British Patient Capital is joining other existing investors including De Agostini, Big Society Capital, Top Tier and Molten Ventures. The investment follows a cornerstone commitment by British Patient Capital to Connect’s third fund in 2020.