Recent research shows that three in five (64%) financial services (FS) businesses have been hit by a ransomware attack in the last year. This is a jump from 55% in 2022 and the increase of cyber threats shows no sign of slowing down.

FinTech Wales, the independent membership association and champion of the FinTech and Financial Services industry in Wales, has today announced a new community partnership with Future Finance at its monthly Networking Breakfast event, hosted by Atamis.

Cumula 3, a leading provider of cloud-based solutions for NetSuite, announces a strategic partnership with Paystand, a pioneer in next-generation B2B payment solutions.

U.S. Bank, lead bank of U.S. Bancorp (NYSE: USB), has acquired Salucro Healthcare Solutions LLC. The Tempe, Arizona-based company provides healthcare financial technology, focused on patient payments and billing.

Thera, a leading payroll and payments platform, has announced that it has raised a $4 million Seed round with participation from Y Combinator, 10x Founders, Amino Capital, Zillionize, and Bayhouse Capital. Notable angels in the round include Oliver Jung, Chris Bakke, Andrew Yeung, Akash Magoon, and Bobby Matson. The company will use the funds to accelerate its growth by further developing its platform and expanding its team in New York City.

Apiture, a leading provider of digital banking solutions, today announced that Surety Bank, a Florida-based community bank with customers nationally, has selected the Apiture Digital Banking Platform to power online and mobile banking for its commercial and retail customers.

Arch Lending, the most trusted crypto-backed loan provider, today announced $75M in funds raised, including an oversubscribed $5M equity seed round and a $70M loan financing facility. The equity round was co-led by Morgan Creek Digital and Castle Island Ventures with participation from Galaxy Ventures, BitGo Ventures, and more.

The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, today announced the addition of Lincoln Savings Bank (LSB) as its newest member. Founded in 1902, LSB is owned and managed by Iowans and offers full-service community banking and financial services, in addition to fintech and banking as a service offerings through its LSBX division.

Two transformative models are currently reshaping how financial services are developed, delivered, and consumed across the globe – headless banking and Banking-as-a-Service (BaaS).