Seamlessly combining payments solutions and third-party services, PPaaS empowers acquirers and Independent Software Vendors to enable merchants to create compelling commerce and payment options for their customers, bringing instore what has up to now only been possible online

British Patient Capital announces its participation in Quell Therapeutics’ Series B funding round as Quell announces the close of the round at $156m. The deal is the first life sciences  investment from Future Fund: Breakthrough, a £375m programme where British Patient Capital co-invests with private sector investors in innovative R&D-intensive UK companies.

 Analytics software firm FICO has been engaged by Vodafone, a leading telecommunications company in Europe and Africa, to review new fraud risks and mitigations arising from the accelerated adoption of digital channels due to the pandemic. The FICO Advisors consultancy team will assess Vodafone’s operations across 19 countries and advise on tackling new fraud risks at a country level.

Artificial intelligence (AI) and machine learning (ML) can help financial organizations to get a competitive edge, increase customer satisfaction, and make more money. Read this article to get to know what exactly AI and ML can do for banks.

EUR Steadies; AUD, NZD Slip; EMFX mixed; USD/JPY Eases

BREAKING NEWS: Markets are crashing everywhere, stocks and currencies, there is likely a catalyst, we will know soon, but with all the pieces in place for a stock market correction and a higher US dollar already in place, there is the risk this can snow ball for weeks even months ahead.

Written by Colin Sims, Chief Operating Officer, Forter

Abuse is growing in volume and attention

Policy abuse is a recurring topic in my recent conversations. As eCommerce has grown rapidly, so have the types and amount of abuse.

Kevin O’Leary, notable for his role on Shark Tank, has made an about-face on digital assets. Originally a skeptic, the businessman has, this month, announced that nearly 10% of his portfolio is now invested in digital assets. O’Leary isn’t the only famous businessman to espouse the benefits of cryptocurrencies. Mark Cuban and Elon Musk, in particular, have long been cheerleaders for the new investment class.

Tinkoff has acquired a controlling stake (51%) in Just Look, the developer of Jump.Finance, a fintech service that automates interactions with freelancers, including payments.  

The deal was undertaken on behalf of Tinkoff Business, the branch of Tinkoff Group that services small, medium-sized and large businesses. Jump.Finance will be integrated into the Tinkoff Business ecosystem and retain its current team. The financial terms of the deal have not been disclosed. 

Interestingly, this year’s report reveals that External Fraud has entered the top five (from 9th place), replacing Business Continuity. The variety, volume, and sophistication of External Fraud attempts present an evolving and ever-present challenge in an economically turbulent environment.