2022 proved to be an exciting year as the use of biometric technology expanded rapidly. In the payments ecosystem, major commercial banks continued to rollout innovative biometric cards and momentum increased steadily as users experienced the heightened convenience, hygiene and security of contactless biometric payments.

LexisNexis® Risk Solutions has been recognised as a leader in The Forrester Wave™: Identity Verification Solutions, Q4 2022 report. The global data and analytics company received the highest ratings possible in 17 out of 22 criteria across three categories: current offering, strategy and market presence.

eCredits, a decentralised, blockchain-based ecosystem empowering local businesses and democratising the way everyday transactions take place, today launched eVault, a new feature that enables eCredits users to earn rewards for committing their eCredits (ECS) on the network for a fixed period of one year on Monday 6 February 2023.

Conotoxia, a global fintech from Poland, introduces a novelty in terms of its multi-currency lending services. Customers can now apply for up to 5,000 PLN or the equivalent amount in euros, dollars, pounds or francs and repay the liability in 12 instalments.

The Fintech & Payments Advisory Network (TFPA), an international consultancy launched by proven fintech veterans, welcomes three new associate partners to its collective, deepening the real-world experience and geographical expertise that its clients can leverage for their business growth.

Global payment leader BPC today announced the appointment of Furrukh Ali Baig as Managing Director for Pakistan. 

Digital bank Zopa has raised £75 million ($93m) to drive its next phase of growth, supporting its vision to become Britain’s best bank.

The deal cements and markedly enhances Zopa bank’s Unicorn status and was led by existing investors.

The funding will be used to meet the capital requirements of Zopa bank’s growing balance sheet, and to support M&A dealmaking that could kick off as early as this quarter.

Freedom Finance, one of the UK’s leading digital marketplaces, is delighted to announce that it has extended its relationship with Koyo – a key partner already providing loans through Freedom Finance’s panel.

From today, customers declined for loans from Koyo will automatically be able to connect to Freedom Finance’s proprietary matching marketplace. 

The banking industry is facing ongoing transformation pressures: increased customer demands, more regulation, and shrinking margins are increasing costs and competitive pressures for many banks. These developments come at an inopportune time: extensive product portfolios, error-prone manual processes, and a frequently outdated IT architecture not only drive up operating costs but also significantly limit the ability of many banks to act and change. Therefore, they have to adapt their business and operating models to constantly changing circumstances.