NatWest Group and SurePay have partnered to introduce Confirmation of Payee (CoP) for HM Revenue and Customs (HMRC), using a direct access Application Programming Interface (API), to allow HMRC to dynamically check high volumes of outbound payee details to help prevent fraudulent and misdirected payments. This improves efficiency by ensuring the recipient payee’s details match those registered to the account outside of the payment process.

Twixor raises $2.4M & Vitraya Technologies raises $2M in total respectively

Season Two Ventures continues its India investment spree into AI and ML, the latest catches being customer experience automation platform, Twixor and InsureTech platform Vitraya Technologies. Season Two has committed to an investment of $1 Million in Twixor, and $1.5 Million into Vitraya.

·        Mobile banking tops the way most consumers bank today (71%), compared to just 15% in 2014 

Anti-fraud and verification platform, Sumsub, is sharing the results of its identity fraud research to help businesses protect themselves from cybercriminals

• Fintech start-up spurned on by launch of next generation payment gateway and with acquirers on the quest to lower operational risk, cut costs and optimise payments flow
• xpate offers clients more than 70 payment methods in 17 currencies across the globe
• Company headcount tops 100 – a sevenfold increase in the space of two years

Temenos working with Microsoft on SaaS and Green Cloud initiatives in financial services built on Microsoft Azure

Temenos, the banking software company, announces it is expanding its strategic relationship with Microsoft to meet the growing demand from banks for SaaS and banking services delivered by The Temenos’ Banking Cloud.

 Colin Neil, UK Managing Director of Adyen

With Christmas around the corner, most shops and businesses have dusted off their decorations and braced themselves for the busiest time of year. While many bemoan how Christmas seems to come earlier every year, for some businesses it couldn’t come soon enough.

Specialist advisory firm extends license of PFaroe™ DB platform

Moody’s Analytics today announced that Cartwright, the independent privately-owned pension actuarial, investment consulting, administration and consultancy firm, has extended its license of the PFaroe DB solution, a risk analytics platform for DB pensions.