Monument Bank, UK’s first neo bank focused on the needs of the ~4.8 million ‘mass affluent’, has partnered with Persistent Systems, a Global Digital Engineering provider to build a bespoke, cloud-native digital banking platform for lending and deposit services to support Monument’s ongoing operations. Monument’s target clients are usually pressed for time and often feel underserved and undervalued by other banking providers.

ID-Pal, the identity verification provider, has been appointed by Lerex Technology, the payment solution provider, to help with its growing identity verification, e-verification, Anti-Money Laundering (AML) and Know your Customer (KYC) requirements. The partnership will see ID-Pal support Lerex Technology with AML compliance and the onboarding of new customers seamlessly across multiple European markets.

watchTowr, a cybersecurity startup headquartered in Singapore has raised $8 million in a pre-series A round with contributions from five Indian angel investors including Saket Agarwal of Onnivation, Gaurav Gupta of Farfetch, Bikram Singh Bedi of Google India, and Gaurav Samdaria of Karza Technologies, alongside global investors, including Prosus Ventures and Vulcan Capital.

Open banking platform Yapily has today launched Yapily Variable Recurring Payments (VRP) to accelerate innovation across the open banking ecosystem.

To reinforce and grow its best-in-class offerings, Broadridge Financial Solutions, Inc., a global Fintech leader, is excited to announce the opening of a new office in Singapore for its APAC headquarters. Amid continued growth momentum and expanding opportunities to support financial services clients across the region, this investment reaffirms Broadridge’s deep on-the-ground commitment to the market.

Luno, the global cryptocurrency app that puts the power of crypto in everyone’s hands, has today announced that it has been awarded a digital asset service provider (DASP) registration in France by the Autorité des marchés financiers (AMF), following clearance by the Autorité de Contrôle Prudentiel et de Résolution (ACPR). 

A desire to reduce the risk of financial crime (FinCrime) is behind an exciting new partnership between Experian and, leading CRM data quality experts, DQ Global, as they launch a new data-driven solution, DQ Compliance.

Fintech application 

The global identity verification and fraud prevention service provider, iDenfy, expanded its solutions kit by presenting a new, user-friendly WordPress plugin. Now, iDenfy’s AI-powered ID verification solution can be easily integrated into any WordPress website. 

Listed interest rate derivatives and commodities futures and options performed best for proprietary trading firms in the first half of 2022 as fears of a recession and soaring inflation caused volatility across global markets, this quarter’s Acuiti Proprietary Trading Managers’ Insight Report has found, conducted in partnership with Avelacom.