We live in a world where the financial industry is rapidly changing. A new generation of players is challenging traditional banks, the financial technology landscape is quickly evolving, and alternative payment methods are emerging. In many of these changes, open banking has played a key role. 

The Institute of Financial Technologists of Asia ("IFTA") announces the opening of applications to IFTA FinTech and Innovation Awards 2022/2023 ("the Awards") until 26 May 2023. The Awards invite nominations of projects, individuals and teams from different sectors who have made significant achievements in the use and/or growth of FinTech in their respective arena.

Temenos has been recognized as an industry-leading ESG performer by Sustainalytics for its exceptional work in reducing and managing ESG risks, achieving badges in both “ESG Industry Top Rated” and “ESG Regional Top Rated”.

Accelerated Payments, the international leader in end-to-end working capital solutions, today announced the launch of its revolutionary trade finance product, AP Trade Finance (APTF). APTF offers unparalleled flexibility and control, making it the ideal solution for businesses operating on a global scale.

Today, leading payment orchestration platform BR-DGE launches BR-DGE Vault, a state-of-the-art Network Tokenisation product to deliver industry-leading transaction performance and security to its merchants and payments partners. Amid disruptive innovation in payment technology, BR-DGE is leading the way with a ground-breaking product which enables merchants to leverage the benefits of an independent and enhanced tokenisation solution.

Clara, the leading end-to-end spend management solution for companies in Latin America, today announced that it has closed $60M USD ​ in an equity financing round led by GGV Capital. In addition, GGV Managing Partner Hans Tung will join the company’s Board of Directors. 

Ecospend, the UK’s leading Open Banking technology provider recently acquired by Trustly, today announces its membership of the All-Party Parliamentary Group (APPG) on Open Banking and Payments. Formed in 2020, the APPG seeks to highlight the benefits of Open Banking to parliamentarians and ensure that the technology supports economic growth for the UK.

Data from Nexi Group, the European PayTech, and BVA Doxa has revealed Italian merchant preferences for digital payments, focused on safety, speed and customer experience. According to the survey, Italian merchants now prefer accepting card payments using a point-of-sale (POS) device over using cash.

Tembo – a London-based digital-mortgage platform which provides a one-stop shop for the available mortgage schemes to help customers struggling with affordability has today announced that it has secured £5 million of investment.

Global Screening Services (GSS), a RegTech innovator focused on financial transactions screening, has today announced that Ruth Fletcher will be appointed COO and CFO of the business. Fletcher brings a wealth of experience in C-suite roles, on both sides of the regulatory fence, to the GSS team.