Fintech startup Qashier today unveiled its QashierPay Soundbox in Malaysia, a revolutionary QR payment terminal designed to elevate the safety and security of digital payments and support businesses as they digitise. 

Financial fraud has always kept institutions and consumers at the receiving end. The loss is unbearable and puts a stigma on the overall standard of the financial system. The menace of fraudsters is increasing day by day. This puts a great challenge on the traditional method of fraud detection. 

Here, the introduction of technologies like Artificial Intelligence (AI) and Machine Learning (ML) has helped in fighting the menace. In this article, we'll focus on this vital subject and acquaint you with the crucial role of AI and ML in combating financial fraud.

NatWest Group plc today announces that it has entered into an agreement with Metro Bank plc to acquire a £2.5 billion portfolio of prime UK residential mortgages, with a weighted average current loan to value of c.62%.

On completion of the transaction NatWest Group expects to welcome around 10,000 customer accounts which will continue to be serviced by Metro Bank, in accordance with current arrangements, following the transfer to NatWest Group.

Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises, announced today that it has closed a $60 million Series C equity investment from Zurich Insurance Group, a leading global multi-line insurer.

Marqeta, the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced it is working with Visa and Affirm to offer the Visa Flexible Credential, a single card product that can toggle between payment methods, putting the power of choice in the hands of the consumer.

“Another dream: take this whole notion of the paperless office. We’ve been talking about the paperless office basically since I left business school, frankly. And do most people here operate in a paperless fashion? I do personally. Why? Because I’ve gotten tired of carrying a lot of paper in my backpack around when I go on trips… I won’t read it if you don’t send it to me electronically.”

Acrisure today announced that John Tuttle, currently Vice Chairman of the New York Stock Exchange, will join Acrisure as President, effective September 1, 2024. Tuttle will relocate to Grand Rapids and report to Acrisure Co-Founder, Chairman and CEO Greg Williams.

Fundabl today announced the completion of a $3.2 million equity raise and establishment of an upsized debt facility, alongside an ambitious plan to tackle the funding gap for Australia's most promising businesses.

With a sweet spot for providing loans between $500,000 and $5 million, Fundabl is meeting the demand for businesses often overlooked by traditional lenders and facing a challenging funding climate, by providing a new capital resource.

As the summer travel season heats up, more tourists are flocking to Europe, and UnionPay card acceptance at point-of-sale (POS) terminals in Europe now exceeds 80%. UnionPay International is making strides in enhancing the payment experience at key European airports, including those in France, Germany, and Italy. Using UnionPay cards during international travel has become a popular choice for travelers.

55% of finance professionals are reportedly experiencing burnout, with 58% planning to leave the sector and follow a different career path. With mounting economic uncertainty, finance teams are facing budget cuts, fewer resources, and higher burnout than ever before, contributing to these figures. The resulting pressure and stress are adding up, and organizations are scrambling for solutions.