A third (32%) of lenders have seen an increase in borrower defaults over the last 12 months, according to new research from AI-powered transaction analytics firm, Fuse.

XS.com, the global fintech and financial services provider, has today announced another addition to a long list of new hires as the firm expands its global presence.

Sixtus Ughamadu has joined the award-winning broker as the new Country Manager for its Nigeria operations.

Ughamadu has over a decade of experience in the financial services industry and will be reporting to Wael Hammad, Chief Commercial Officer (CCO) at XS.com.

Alveo, a leading provider of cloud-based market data management services, has announced the launch of new data modelling and data onboarding capabilities in its Ops360 platform. The new capabilities allow clients ‘own data analysts to graphically model, onboard and maintain new data sources directly from within Alveo’s Ops360 user interface, enabling them to achieve operational efficiencies. The growing range of data sources required by financial services firms and the wide variety of new content in for example ESG continues to expand.

Flutterwave, Africa’s leading payments technology company, has joined the International Air Transport Association’s (IATA) payment orchestration platform to facilitate travel to sub-Saharan Africa. With this integration, airlines across the world are able to process payment from customers through cards, bank transfer, mobile money, alternative payment methods and other payment modes available on Flutterwave.

Sonovate, the leading provider of embedded finance and payment solutions for the contingent workforce, has expanded its offering with the addition of a new solution to automate back and middle office tasks for recruitment agencies of all sizes.

Large companies are typically using over 1100 SaaS applications to run their operations and the number of companies adopting this trend is rapidly growing 20% every year but this presents a number of risks. Helping them manage their SaaS estates and mitigate risks, SaaS operations(SaaSOps) platform Zluri is today announcing a $20M funding round. The Series B funding round was led by Lightspeed, with participation from existing investors including MassMutual Ventures, Endiya Partners and Kalaari Capital.

CapStack, a startup formed by Pipe co-founder Michal Cieplinski, has raised $6 million toward its effort to build an integrated operating system for banks.

In simpler terms, Cieplinski described CapStack as the “first bank-to-bank marketplace,” giving the institutions the ability to share and have visibility into one another’s portfolios.

MerQube, a pioneer in technology for next-generation index-linked investing, announces USD 22 million raised in Series B funding. The investment round was led by Intel Capital with participation from new investor Allianz Life Ventures, and existing investors Citi, J.P. Morgan, Laurion Capital Management and UBS. In conjunction with the financing, David R. Mueller, Intel Capital Investment Director, will join MerQube’s board of directors.

Leading European Embedded InsurTech hepster secures €10 million of new financing which will be deployed to support hepster’s continued expansion into new markets, delivering continued sustainable growth and securing hepster’s pathway to profitability. hepster offers an API-driven ecosystem that enables companies from all industries to seamlessly integrate needs-based customised insurance into their digital customer journeys. hepster is headquartered in Rostock, Germany with operations in Germany, Austria and France. 

Gatehouse Bank has been named the Best Fixed Account Provider at the 2023 Moneyfacts Awards.

The Shariah-compliant ethical Bank was awarded the title for the second year in a row following detailed weekly data analysis by Moneyfacts’ research team. The winners were those who stood out for their competitive rates and a high level of service.