Investors are invited to attend Innovate UK KTN’s CyberASAP demo day on 17 February to meet ten teams with commercially promising cyber security innovations, either online or in person at Level39, London.

The event, which is free-to-attend to investors and potential collaborators, showcases innovations with real commercial potential founded by cyber security academics who have received backing, training and guidance from Innovate UK KTN via its CyberASAP programme.

Banked Ltd (“Banked”), provider of a new payment method enabling consumers to pay from their existing mobile banking app, today announced the completion of a $20 million Series A funding round. The investment was led by Bank of America and Edenred Capital Partners. Existing investors Acrew, Force Over Mass, Firestartr, OM2, Love Ventures Kuvi Capital and Paul Forster (founder of Indeed.com) have participated again. New investors include Sidekick Partners, 9Yards and Huey Lin (ex-PayPal).

FBN Bank (UK) Ltd, a long-time customer of treasury software leader, Planixs, is to extend the functionality of Planixs' real-time cash and liquidity management solution, Realiti®, by implementing its Real-Time Reconciliation module to improve reconciliation capabilities. 

Open finance continues to be a significant theme in the world of fintech as businesses tap APIs to access customers’ financial accounts and provide a gamut of integrated and embedded financial services.

Transaction values soared by over 700 per cent and number of users by more than 600 per cent for VISA-backed business

The Danish fintech start-up Vibrant has seen an exponential increase in the use of its tap-to-phone payment solution. Between August 2021 and January 2022, it recorded 1,131.97 per cent growth in the number of transactions made via its app.

Global payments fintech, EedenBull, has today announced that Jukka Rinta, previously the Head of Product  Commercial Cards at National Australia Bank, joins the EedenBull executive management team as Chief  Product Officer.  

 ION, a global provider of trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, has been accepted to the International Capital Market Association (ICMA) as an Associate Member.

The iFX EXPO Dubai will take place at Za'abeel Hall 6, Dubai World Trade Centre from 22-24 February 2022. Organised by Ultimate Fintech, the event will be at the UAE’s leading event venue and one of the largest exhibition centres in the world. With just over a week to go until the event, we’re heading behind the scenes with the Ultimate Fintech team.

About The Organisers

In 2015, the Payment Services Directive (PSD2) was passed by the EU aiming to provide consumers and businesses with an easier and safer way to manage their online payments. 

To do this, PSD2 intended to break down banks’ monopolies on user data by introducing new services as intermediaries between the users and tha banks, as well as demanding strong customer authentication (SCA) which has caused many frustrations among businesses.

Commerce Bank goes live on Temenos core banking platform to reimagine banking for the digital era

Temenos, the banking software company, today announced that Commerce Bank has gone live with Temenos core banking platform. This milestone completes Commerce Bank’s modernization project to move from its legacy systems for deposits to a modern, agile and open platform tailored for the US market.