Galileo Financial Technologies, a leading financial technology company and a subsidiary of SoFi Technologies, Inc., is delivering fintechs, banks and businesses new ways to fight fraud with the launch of Galileo Instant Verification Engine (GIVE) and Transaction Risk GScore. 

Equisoft, a leading global digital solutions provider to the financial industry, is pleased to announce that Assuria, the largest insurance company in Suriname, is in the process of implementing Equisoft/manage, a modern cloud-based policy administration solution, as well as the Equisoft/illustrate and Equisoft/apply digital sales and service solutions.  

UATP, the global payment network that enables organizations to simplify payment processes and expand their payment capabilities, has announced a new partnership with Klarna, the AI-powered global payments network. The partnership allows airlines to offer Klarna’s flexible payment services, including interest-free Buy Now Pay Later, providing customers with more flexible payment options for travel products and services. 

The AI-powered, all-in-one finance and HR suite, finally, today announced that it has closed a $50M Series B from PeakSpan Capital and $150M credit facility from Encina. The new capital follows the company’s $95M Series A in 2022 and additional $10M capital injection in February of this year, bringing total funds to date to $305M. Since its Series A, finally has shown annual revenue growth of 300%.

Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), today announced the launch of its new FintechRisk+ insurance policy, underlining its long-term commitment to provide market-leading coverage and service solutions for fintech companies in an increasingly complex market.

Form3, the cloud-native account-to-account platform, today announces a new investor, British Patient Capital. Alongside existing strategic and financial investors including Visa, Form3 has now raised a total of $60m in C-series extension funding to continue its growth journey.

This funding will enable Form3 to develop new products and services to help support exponential growth in key markets such as the UK, Europe and the US.

The view from (and into) the Middle Kingdom

Who will finance - and settle - all the imports and exports?

Sibos 2024  - the theme of which is ‘connecting the future of finance’ - takes place at the China National Convention Centre (CNCC) in Beijing on 21-24 October, or about a fortnight before the US Presidential Election. 

London-based investment firm Outward VC has announced the first closing at £51m of its Fund II. The fund has received a cornerstone investment of £30m from the British Business Bank, which is deploying capital through its Enterprise Capital Funds programme, which has a strong track record in backing emerging, UK-based Venture Capital fund managers. A wide range of private investors are also participating in the fund.