The increasing number of mobile phone users and the massive growth of eCommerce have led to the rapid adoption of digital payments all over the world. Cashless payments have become an appealing alternative to many European consumers, as well, causing a significant impact on the payments industry traditionally dominated by cash, credit cards, and debit cards.

Path Solutions announced today that it had signed up MyBank Ltd., its second banking client for iMAL in Somalia, and indicated a stronger focus on the Somali market for Sharia-compliant software solutions and services to tackle financial exclusion in the country.

Mobey Forum, the global industry association empowering banks and financial institutions (FIs) to shape the future of digital financial services, today announces the formation of a new Expert Group to address how banks and other financial institutions (FIs) can strike the balance between data privacy, security and innovation in the age of Artificial Intelligence (AI).

With more businesses now suffering increased financial strain, Aaron Hughes looks at some of the ways under-pressure directors might misuse their Invoice Finance facilities – and how lenders can stem any potential losses.

Fraud attempts against lenders have been around for as long as there have been lenders. Disappearing with a loan, or pledging assets that aren’t quite what they seem, have been risks to banks since lines of credit were invented.

In order to preserve the security of its employees and continue to provide high quality financial services to its customers, all of Ebury’s offices and operations have moved to remote working.

This way of working had already been tested successfully by the company in their Hong Kong, Singapore and Milan offices meaning Ebury is confident it will continue to offer its full service and suite of products to all clients all around the world.

It's not uncommon for cybercriminals to exploit surges in communications in order to lure consumers into unknowingly downloading malware or giving up sensitive, often financial, information. Last year hackers used heightened communications around new legislation like Strong Customer Authentication (SCA) and also annual events like Black Friday and Cyber Monday in order to obtain personal information which could then be used to commit fraud

As Europe moves into COVID-19 lockdown - affecting small businesses and retailers everywhere - SumUp, the London-headquartered fintech and leading provider of digital payments solutions, is announcing free Mobile Payments, as an alternative and innovative payment solution for its merchants.

ManoMano, the company digitalizing the European DIY market, chooses Yooz, the company digitalizing the European market for purchasing and accounting processes, to automate its invoices to suppliers.

ManoMano: the European leader in online DIY, home improvement and gardening

BITA Risk part of corfinancial, a leading provider of specialist software and services to the financial services sector, announces today that it has triumphed at the Seventh Annual Family Wealth Report Awards, winning the prestigious Best Compliance Solution Award.