Financial services, like many other aspects of the global economy, have been profoundly influenced by the pandemic and the war happening in Ukraine. Since then, FinTechs had to learn how to lead the financial services sector in a period of severe challenges. FinTech has been a key booster of digital payments as consumers have quickly moved towards contactless payments and online shopping. Now we are facing the times when the recession and other aspects like the pandemic started affecting FinTechs.

Kroll, the leading independent provider of global risk and financial advisory solutions, today announced its report Cyber Risk and CFOs: Over-Confidence is Costly which found chief financial officers (CFOs) to be woefully in the dark regarding cyber security, despite confidence in their company’s ability to respond to an incident.

Strong Customer Authentication for all online transactions exceeding £25 was introduced in the UK in March. And it’s about more than just mitigating fraud.

73% of UK retailers have a solution in place to comply with Strong Customer Authentication (SCA) rules, which came into effect in March 2022.

Adyen, the global financial technology platform of choice for leading businesses, today announced the expansion of Real-Time Visa Account Updater (VAU) to Europe.

Trust announced today that its community of customers has reached 100,000 following its launch on 1 September 2022. Sign-ups were received from a diverse range of users in Singapore aged 18 to over 90. 

Tuum, an Estonian-born next-generation core banking platform, has partnered with Salt Edge, a leader in open banking solutions, to help financial services providers from all over Europe to leverage the full spectrum of open banking features – fast and secure.

J.P. Morgan announces today that it has signed an agreement to acquire Renovite Technologies, Inc., a leading cloud-native payments technology company.

Payhawk, the spend management solution with a presence across the UK and Europe, officially launches in the US today. The unicorn has opened an office in New York and is introducing a US credit card to support companies with multiple offices across the UK, Europe, and the US. The US launch is a key part of Payhawk’s expansion strategy, following a record year of growth that has seen its revenue grow 524%, and its employee headcount grows 250%, year to date.

NEAR Foundation, the Swiss non-profit that oversees the governance and development of the NEAR protocol, today announced the launch of a regional hub in India dedicated to blockchain talent development and innovation. The hub marks a strong commitment from NEAR to invest in India - a country that is home to some of the world’s most talented and coveted developers and Web3 creators.

Alveo, a leading provider of financial data management solutions, announces the general availability of the new major release of its core platform.