The collapse of US Banking-as-a-Service (BaaS) provider Synapse highlights the importance of accurate reconciliations based on standardised data—and how those reconciliations impact customer fund safeguarding.

InvoiceASAP, a leading provider of invoicing and payment solutions for small and medium-sized businesses, has partnered with Adyen, the financial technology platform of choice for leading businesses, to level up their deposit experience by providing users with instant access to deposited funds.

Workpay, the cloud-based HR, payroll and benefits platform for organisations with employees across Africa, today announces that it has raised $5m in a Series A funding round led by Norrsken22. The round also includes participation from Visa, Y Combinator, Saviu Ventures, Axian, Plug n Play, Verod-Kepple Africa Ventures and Acadian Ventures, a venture firm which specialises in investment into the next generation of work technologies.

Asia-Pacific (APAC) is one of the world’s fastest growing online trading markets.1 As it continues to grow, Asia’s trading software market is expected to hit a staggering $19.68 billion by 2031, expanding at a CAGR 7.84% between 2024 - 2031.2 In this context, iFX EXPO Asia 2024 presents itself as a launching board for industry players looking to expand in the region.

Leading chargeback technology platform Chargebacks911 announced today the appointment of payments industry entrepreneur Oliver Rajic to the Board of Directors.

Banking Circle, a fully licensed next generation bank with central bank access, has entered a strategic partnership with Skydo, India’s leading cross-border payments platform for Micro, Small and Medium-sized Enterprises (MSMEs) and freelancers. The collaboration aims to support Indian businesses operating globally by providing them with seamless, efficient and cost-effective payment solutions, enabling them to thrive in international markets.

Transact365, a UK-based global payments platform, powering merchants across the globe, has expanded further by growing its offering of solutions with its new Canadian FINTRAC MSB license.  Founded in 2017, Transact365 offers a global payments solution platform for merchants across the world in leading industries. Headquartered in London, Transact365 now works with over 800 merchants to access e-commerce opportunities in five continents through local payment processing solutions. 

NatWest Group has collaborated with Visa, a world leader in digital payments, to launch a new travel reward credit card, available now in the UK for NatWest customers.

The card offers a range of features, including:

·       1% back on eligible travel spending, including on planes, trains, car rental, ferries, buses, hotel accommodation, travel agents, cruises, campsites and more.