The speed of money flow is crucial in the payments sector. It supports fast and prosperous businesses. Thom Ruiter, who leads Banking and Financial products at Adyen, talks about what drove Adyen to become a bank in the UK - and gives a glimpse into the fintech’s next steps.

In a rapidly growing accounting software market – it is expected to hit $37.63 billion by 2032 – there is a real demand for mid-sized businesses to have the financial visibility and control needed to scale beyond basic accounting software without the complexity and cost of enterprise ERPs.

In light of this, we sat down with Tony Connolly, founder and CEO of AccountsIQ, to learn more about this demand and the importance of accounting software.

Data analytics in banking advances at breakneck speed, with banks and financial services companies racing to be early adopters to stay ahead of the competition. Traditional artificial intelligence (AI) has come a long way in improving efficiency and decision-making in the banking sector, but it has limitations when dealing with unstructured data, natural language understanding, and complex contextual analysis.

Peach Finance, the leading modern servicing technology platform, today announced its partnership with Pipe, helping the modern capital platform power its working capital solutions.

TBC Bank Uzbekistan has secured a $10 million credit line from Switzerland-based impact investor responsAbility Investments AG. 

The funds will be used to further expand TBC Uzbekistan’s microlending effort, contributing to the ongoing growth of the digital bank’s loan portfolio and promoting financial inclusion in Uzbekistan, Central Asia’s largest country by population.

ZA Tech, the next-generation insurance core system SaaS provider, has rebranded as Peak3. With the successful completion of its US$35 million Series A fundraising from EQT (lead investor) and Alpha JWC Ventures, Peak3 now accelerates its expansion in the EMEA region and investments in complementary data and AI solutions.

Amartha, a pioneering Indonesian microfinance technology company, has announced a significant $17.5 million equity investment from the Accion Digital Transformation Fund. This investment aims to bolster Amartha’s efforts in expanding its platform to provide a comprehensive array of financial products and services tailored for underserved women-led small businesses in rural Indonesia, leveraging advanced data and AI technologies.

Semperis, a pioneer in identity-driven cyber resilience, today announced it secured $125 Million in growth financing from J. P. Morgan and Hercules Capital. Following a $200 million Series C round in 2022 led by KKR, the new $125 million growth financing enables Semperis to further invest in product innovation and support a rapidly expanding global customer base.

Adyen, the global financial technology platform of choice for leading businesses, today was recognized as a Leader in the IDC MarketScape: Worldwide Retail Online Payment Platform Software Providers 2024 Vendor Assessment[1] and IDC MarketScape: Worldwide Retail Omni-channel Payment Platform Software Providers 2024 Vendor Assessment[2]. Adyen was recognized for the following strengths - comprehensive solution, innovation, and focus on merchants.