Almost a quarter (23%) of US and UK consumers have said that a bank’s approach to cybersecurity is a factor when they consider opening an account, emphasizing the prominence of cybersecurity in consumer decision-making in an increasingly digital landscape. A further 36% stated that while cybersecurity isn’t a factor in selecting their bank, if they were aware of a major data breach, it may influence their selection.  

CAB Payments Holdings today announced it has expanded into the European Economic Area (EEA) with the establishment of CAB Europe BV, trading as CAB Payments Europe. CAB Payments Europe has secured a payment service provider licence with De Nederlandsche Bank N.V., (DNB) to provide services in the Netherlands and the ability to exercise passporting rights to offer its services across the EEA.

ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, today presents the results from its 2023 Annual Report. It shows ClearBank’s first full year of profitability, with strong growth in income, platform and transaction fees, deposits, and clients.

Liberis, the leading global embedded finance platform, announced a partnership with Shop Circle, the number one e-commerce software provider. Shop Circle Capital, powered by Liberis, is designed to offer instant, hassle-free funding. This partnership will enable Liberis to expand its reach within the e-commerce industry through Shop Circle to enable merchants with flexible funding solutions.

Tradeshift, the B2B e-commerce and fintech platform, today announces Raphael Bres has rejoined the company as Chief Product & Technology Officer (CPO). Raphael will spearhead strategic product innovation and technological transformation across Tradeshift’s portfolio of solutions.

The Lending Standards Board (LSB) has added a wealth of policy and governance expertise to its Board with the Non-Executive Director appointments of broadcaster Iain Dale, economic authority Paul Johnson CBE and charity sector leader Caron Bradshaw OBE.

Iain, Paul and Caron replaced Liz Barclay and Graham Peacop, who have stepped down as LSB Non-Executive Directors at the end of their terms, on 1 April.

CaixaBank will be part of two European consortia to prevent cyberthreats and provide a faster and more secure response in the face of potential incidents. Via two projects financed by the European Commission under the scope of the Digital Europe programme, the bank will implement AI tools to generate solutions and services that contribute to increasing the security for activities carried out by financial institutions.

The global subscription economy is on a steady rise, expected to reach a staggering $406B by 2025. As the trend of consumers subscribing to services in sectors such as retail, food, and more increases, so does the challenge of managing their payments.

TD Bank Group (TD) and Google Cloud today announced a multi-year strategic relationship. TD will add Google Cloud services to its portfolio of data-driven technology solutions to support its delivery of innovative banking experiences. Google Kubernetes Engine (GKE) already supports TD Securities Automated Trading (TDSAT), designed to enable TD Securities to adapt and quickly respond to changing market and client needs in a fast-paced environment.

LHV Bank, one of the UK’s newest licensed banks, has increased its share capital by £20.9m to support its growth ambitions. Following the additional capital investment by the Bank’s sole shareholder, LHV Group, completed in the last week, the share capital of LHV Bank is £75m.