After four successful Baltic fintech accelerators, Startup Wise Guys is expanding operations to Romania, while continuing its collaboration with the European Bank for Reconstruction and Development (EBRD) through EBRD’s TaiwanBusiness – EBRD Technical Cooperation fund.

“Wage growth is struggling to keep up with the cost of living crisis, meaning that despite pay rises, Brits are still left with less money in their pocket. Following today’s ONS figures announcement, it is more evident than ever the impact this is having on the nation. 

“The upside is that while inflation might rise further, we’ve reached a peak with the rising cost of living. In economic terms we’re nearing the end of the cycle. The cost of living will go down before increasing again, giving Brits some respite from heightened costs. 

A recent review conducted by the Financial Conduct Authority (FCA), and published online today, has found that some challenger banks have significant weaknesses within their financial crime controls, and need to improve how they assess financial crime risk.

F10 Secures Funding Round and Management Buy-in to Fuel Global Growth

Partnerships 

Citi Collaborates with Ebanx in Latin America

BBVA will invest 15 million euros in Leadwind, a venture capital fund managed by the K Fund. The first phase would invest 140 million euros in technical enterprises in Spain, Portugal, and Latin America. Others include Telefónica, BBVA, Global Omnium via GoHub, SATEC, and AXIS-ICO via the Fond-ICO Next Tech program. 

Cloudreach, an Atos company, the leading multi-cloud services provider, today announced the launch of Sunstone, a breakthrough software platform designed to accelerate the modernisation of in-cloud environments. Through the use of AI and machine learning technologies, Sunstone automates the continuous modernisation of in-cloud applications to drive innovation, boost performance, increase security and reduce costs.

Enterprise resource planning company 

Marqeta has launched a comprehensive solution suite aimed at assisting customers in optimizing their card programs and taking control of end-to-end risk management (NASDAQ: MQ). This enables Marqeta customers to concentrate on business development while RiskControl handles risk, compliance, and fraud throughout the cardholder's lifespan. Real-Time Decisioning, a strong new fraud protection tool, enabling card programs to set fine-grained transaction rules, hence assisting in the reduction of payment fraud.

Currency.com, the rapidly expanding global cryptocurrency exchange, announced its entry into the US market. Currency.com US, a FinCEN-registered Money Services Business, will enable US residents to purchase, store, and invest in popular cryptocurrencies. Currency.com will be available in all 50 states in the United States. Clients in New York and Hawaii will soon be able to use the exchange.