Featurespace™, the leading provider of Enterprise Financial Crime prevention software announced that Istanbul-based Akbank has selected the ARIC™ Risk Hub to reduce fraud risk, while increasing acceptance rates across all transactional channels for its nearly 18 million customers.

GoCardless, the leading fintech for recurring payments has appointed Stephen Reidy as VP & General Manager for the UK and Ireland. Based at GoCardless’ London headquarters, Reidy will drive future growth by leading the Sales and Account Executive team.

Finastra has announced plans around a range of initiatives which will enable its customers to accelerate through change, as well as creating positive outcomes for millions of people around the world. The move is part of the company’s ongoing innovation and open cloud platform strategy.

Through technology and collaboration, Finastra and its customers are set to positively impact over nine million lives around the world, with key areas of focus including:

Mphasis (BSE: 526299; NSE: MPHASIS), an Information Technology (IT) solutions provider specializing in cloud and cognitive services, recently announced it has achieved Advanced

Payments company EBANX now offers more payment possibilities in Brazil for purchases of global products and services. PayPal users in the country will be able to use the digital wallet to buy on international websites that integrate with EBANX's solution.

With the movement, thousands of Brazilian consumers will have another way to access global products, as well as consumers who pay with their e-wallets as a matter of preference.

Marco Financial—the first tech-enabled financing platform built for small and medium-sized Latin American exporters — announced it has secured $26M in funding and credit that will enable the company to address the $1.5T global trade finance gap that disproportionately impacts small-and medium-sized (SME) businesses. Marco supports SMEs based in Latin America, where a $350 billion trade finance gap blocks many exporters from the U.S. market.

Leaked documents involving about $2tn of transactions have revealed that some of the world's biggest banks were a part of an industrial-scale money laundering. 

Here are some of the cases:

TIBCO Software Inc., a global leader in enterprise data, empowers its customers to connect, unify, and confidently predict business outcomes, solving the world’s most complex data-driven challenges. TIBCO will be providing data analytics tools and support to Dartmouth College through its Corporate Charitable Giving Program.

Exabel, the simple-to-use AI, analytics and data platform for active asset managers, today announced it has closed its third seed round, bringing the total amount raised by the company to more than $12 million. Led by 17 existing and 11 new investors, alongside a loan and grant from Innovation Norway, the latest funding will help the company build out its commercial functions in Europe and North America, and continue to establish strategic partnerships with data vendors.

Bottomline (NASDAQ:EPAY), a leading provider of financial technology that makes business payments simple, smart and secure, today announced Anglian Water’s selection of the Bottomline Payments and Cash Management solution to automate and streamline processes around the globe.