Outseer, the leader in payment authentication and monitoring solutions, has today released a new study that finds £95 is reported lost to fraudsters every second in the UK. Outseer studied data of all the reported incidents of fraud to Action Fraud – the UK's national reporting centre for fraud and cybercrime – between 1st July 2021 to 30th June 2022. Fraud is now a national crisis; one case was reported to Action Fraud every 85 seconds and reported losses totalled over £3 billion during this single 12-month period.

Paris Blockchain Week, the leading international conference dedicated to professionals in the blockchain and Web3 space, will be hosted at the Carrousel du LOUVRE in the heart of Paris’ historic palace and largest museum in the world from 20th to 24th March 2023.

Time Finance celebrates its new office launch in Reading in a strategic move to bolster the firm’s presence in the South East of England.

The new premises are based in the Apex Building on Forbury Road and will host a team of 18 employees. Selected for its regional connectivity, Time Finance’s nationwide team and its growing intermediary base can benefit from its new business hub in addition to its other UK office locations in Manchester, Bath, Warrington, and Cardiff.

The West African financial sector has been witnessing a wave of digital innovation that has fuelled services and applications that had the potential to really shake up the banking sector. Banks, Fintechs, and financial institutions have been harnessing digital solutions designed to serve touchless and remote banking, which has unlocked opportunities for the millions of digitally connected diaspora that remains formally unbanked but economically active.

Wio Bank PJSC, the region’s first platform bank, has announced a partnership with Stripe, a financial infrastructure platform for businesses, which will enable SMEs in the UAE to access the power of e-commerce faster and more easily and conveniently.

bolttech, one of the world’s fastest-growing international insurtech companies, today announced Tokio Marine, alongside other shareholders, will lead bolttech’s Series B funding round. The investment values bolttech, Singapore’s only homegrown insurtech unicorn, at an up-round valuation of approximately US$1.5 billion, one year after it closed the largest ever Series A funding round for an insurtech.

Crypto exchange Coinbase has raided German digital assets firm Solaris to appoint its chief operating officer Daniel Seifert as regional managing director for Europe.

The new appointee will be expected to lead Coinbase's expansion in the European crypto market. 

In a statement reported by Bloomberg, Coinbase said it would fill a number of core positions within its European team.

Finastra recently announced that The Belize Bank Limited, one of the largest banks in Belize, providing retail, corporate and commercial banking services, successfully migrated the business of Scotiabank (Belize) Limited onto the Fusion Essence core banking platform following an acquisition facilitated by its parent company, Caribbean Investments Holdings Limited (CIHL).

AI-based automation can relieve banks of the heavy compliance burden, according to a new whitepaper – Navigating the complex sanctions landscape: letting AI take the strain – from a leading provider of technology-assisted document checking software Conpend.

SRAX, Inc., a financial technology company that unlocks data and insights for publicly traded companies, has announced the release of the Deal Center feature on Sequire, its SaaS platform. The Deal Center is a comprehensive market intelligence tool that utilizes machine learning to help issuers understand the day-to-day activity of the financing transactions they completed, and it helps them predict the outcome of entering into financings with specific investors.