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Outseer™ Releases Latest Fraud & Payments Report Showing Authorized Push Payment (APP) Fraud is Rife

Outseer, the global leader in payments authentication and monitoring solutions, has published its latest 1H 2022 Outseer™ Fraud & Payments Report,
showing the alarming power of social engineering and Authorized Push Payment (APP) fraud, with 75% of fraudulent online banking payments activity (based on $ value) originating from trusted accounts on trusted devices. This suggests that consumers are unwittingly parting ways with their money, having been duped by fraudsters’ scams.
 

Wednesday, September 21, 2022 - 15:56
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Financial IT
TS Imagine Enhances Executive Team with Three Key Hires

TS Imagine, a global leader in trading, portfolio, and risk management solutions for capital markets, today announced three executive leadership hires to support the firm’s rapid growth.

Wednesday, September 21, 2022 - 15:11
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/news/saas/ts-imagine-enhances-executive-team-three-key-hires
Financial IT
UK Consumers Seeking Greater Access to Credit, With Demand for Credit Cards on the Rise

Only half of UK consumers currently feel that they have sufficient access to credit, according to figures revealed in TransUnion’s latest Consumer Pulse study.
 
Despite the majority of consumers (71%) acknowledging the importance of credit in helping them achieve their financial goals, just 49% say that they have sufficient access. In fact, almost a fifth (18%) state they don’t have enough access to the finance they need.i
 

Wednesday, September 21, 2022 - 14:55
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/news/credit-cards/uk-consumers-seeking-greater-access-credit-demand-credit-cards-rise
Financial IT
Reach Helps Tuber Group in a Major Acquisition

Reach Commercial Finance has secured three different funding solutions worth £4.8 million for Tuber Group to help accelerate business growth, the latest of which is support for the acquisition of fresh produce business - MyFresh.

Wednesday, September 21, 2022 - 14:46
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/news/management/reach-helps-tuber-group-major-acquisition
Financial IT
Smith Forte Joins Moneybox as Chief Product Officer

Moneybox, the app-based digital wealth manager, has appointed Smith Forte as its Chief Product Officer.

Wednesday, September 21, 2022 - 14:37
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/news/people-moves/smith-forte-joins-moneybox-chief-product-officer
Financial IT
Emburse Selects BillingPlatform as Global Billing and Revenue Management Solution
BillingPlatform, the enterprise monetisation platform for today’s innovative business models, today announced that Emburse, a global leader in spend optimisation solutions, has selected its Billing, Revenue Recognition,
Wednesday, September 21, 2022 - 14:16
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/news/e-billing/emburse-selects-billingplatform-global-billing-and-revenue-management-solution
Financial IT
RKVST Raises $7.5M in Funding to Enable Organisations to Build Verifiable Digital Supply Chains

RKVST, the integrity, transparency and trust platform for digital supply chain operations, announces the first close of a Series A funding round of $7.5 million, from Ridgeline, Acadia Woods, Cyber Mentor Fund and Long Run Capital. Ryan Clinton, General Partner at Ridgeline, joins Kevin Compton, co-founder at Radar Partners and Nick Sturiale on the RKVST board of directors.

Wednesday, September 21, 2022 - 13:54
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/news/fundraising-news/rkvst-raises-75m-funding-enable-organisations-build-verifiable-digital-supply
Financial IT
Volume Launches First-ever Open Banking Solution that Gives Consumers Discounted Prices on Any Online Purchase

Volume, the payments fintech startup, today exists in stealth mode after its April $2.4 million raise with the launch of its, “Pay Now Spend Less” internet payment, fee killer. This is the first solution to incentivise shoppers to pay with their banking app by offering an immediate discount at checkout on everything they buy.

Wednesday, September 21, 2022 - 13:31
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/news/open-banking/volume-launches-first-ever-open-banking-solution-gives-consumers-discounted-prices
Financial IT
Kroo Brings Apple Pay to Customers

Kroo, having received its full banking licence, today brings its customers Apple Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the power of iPhone to protect every transaction.

Wednesday, September 21, 2022 - 12:43
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/news/payments/kroo-brings-apple-pay-customers
Financial IT
Genesis Global Selects ESPROW to Test High-Throughput FIX Infrastructure

Esprow LLC, a leading global provider of automated testing and compliance solutions for the financial industry, today announced that Genesis Global (Genesis), the low-code application development platform purpose-built for financial markets organizations, has adopted ESPROW’s Enterprise Testing Platform (ETP) to automate testing of their FIX connectivity and message processing.

Wednesday, September 21, 2022 - 12:37
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/news/infrastructure/genesis-global-selects-esprow-test-high-throughput-fix-infrastructure
Financial IT

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