Global Processing Services (“GPS”), a fast-growing next-gen global payments technology platform, today announced the appointment of Paulette Rowe, Shane Happach, and Lynn McCreary as independent Non-Executive Directors.

A new study from Juniper Research has found that the number of digital identity apps in use will exceed 4.1 billion globally by 2027; rising from 2.3 billion in 2023.

The world of banking is changing rapidly, and the engine driving this change is the phenomenon known as fintech. As a result, our relationship with money has been completely upended. The days of queuing for hours to withdraw cash from a bank branch have faded away like dust in the wind; replaced by an ever-evolving suite of digital experiences that are revolutionizing how we interact with finance.

Western Union and Beforepay today announced a first-of-its-kind collaboration, allowing consumers to boost their cross-border money transfers by accessing reliable, ethical and affordable short-term lending.

Consumers can ‘Send Now, Pay Later’ by borrowing up to AUD 2000 through Beforepay’s wage-advance product on Western Union’s digital channels.

1. Can you please tell us more about the story behind The People’s SCE?

Cybersecurity platform for SMEs CyberSmart has reportedly collected $15m for its Series B funding round.

The investment was led by European venture capital firm Oxx, according to a report from TechCrunch. Commitments also came from British Patient Capital, Legal & General Capital and Solano Partners.

Noventiq, the global digital transformation and cybersecurity solutions and services provider, announces today that the acquisition of the majority stake of Saga Group has been closed.

In September 2022, Noventiq signed an agreement to acquire Saga Group. The transaction strengthens Noventiq's presence in Eastern Europe as well as opening other markets such as Serbia, Montenegro, Bosnia and Herzegovina, and North Macedonia.

Revolut, the global financial super app with over 20 million retail customers, today launched Revolut Pay - a new secure online checkout feature which allows UK and EEA merchants to present ‘Revolut Pay’ as a payment method across product, cart, and checkout pages.

Themis

The global fintech ranking by the UK research firm Findexable has ten European countries in the first rankings out of 20 countries, and this includes Lithuania. But can we be proud of such a result? The reasons hindering the creation of fintech solutions in Europe were discussed at the international Fintech Day conference in Vilnius.