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Introducing AI‑Powered Scam Alerts For Friends And Family Payments

PayPal has launched AI-powered, dynamic scam detection for PayPal and Venmo Friends and Family payments, enhancing protection for our customers around the world.

Tuesday, July 22, 2025 - 10:45
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Financial IT
Mastercard and Jordan Islamic Bank Collaborate To Expand Digital Payment Offerings And Financial Inclusion In Jordan

Mastercard and Jordan Islamic Bank (JIB), one of the largest banks operating in the country, are collaborating to drive innovation and expand access to Shari’ah-compliant digital payment solutions.

Tuesday, July 22, 2025 - 10:42
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Financial IT
From Fax To Fully Connected: Conferma Accelerates Travel Payment Modernisation

Virtual cards are now the preferred payment method for corporate hotel stays — but they  only deliver on their promise when systems are well connected. Many hotel payments still  rely on a patchwork of methods, and there’s a growing need for more consistent,  automated delivery embedded in the ecosystem. 

Tuesday, July 22, 2025 - 09:59
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/news/payments/fax-fully-connected-conferma-accelerates-travel-payment-modernisation
Financial IT
Finova Appoints Gareth Richardson As New Chief Executive Officer
Finova, the UK’s largest cloud-based mortgage and savings software provider, has today announced the appointment of Gareth Richardson as its new Chief Executive Officer (CEO). Gareth brings a wealth of experience in banking and technology, positioning him ideally to lead Finova through its next stage of growth and innovation.
 
Tuesday, July 22, 2025 - 09:56
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/news/people-moves/finova-appoints-gareth-richardson-new-chief-executive-officer
Financial IT
From ‘P@ssw0rd’ To Payday: Weak Credentials Threaten Financial Systems

New NordPass research reveals poor password hygiene in the finance sector, putting sensitive data at risk

Tuesday, July 22, 2025 - 09:53
66291
/news/personal-finance/pssw0rd-payday-weak-credentials-threaten-financial-systems
Financial IT
Bank Of England Modernises IT Infrastructure With £7.5 Million Digital Transformation Shift.

The Bank of England has significantly scaled up its investment in IT hardware by £7.7 million over the past three years, purchasing laptops, phones and tablets as part of a broader digital transformation strategy aligned with increased demands for cybersecurity, remote access and operational efficiency.

Between June 2022 and May 2025, the UK's central bank acquired over 7,200 devices, reflecting a strategic commitment to modernising its technology infrastructure amidst evolving digital and security needs.

Tuesday, July 22, 2025 - 09:48
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/news/banking/bank-england-modernises-it-infrastructure-ps75-million-digital-transformation-shift
Financial IT
Mifundo And CRIF Switzerland: A Partnership To Enhance Cross‑Border Credit Data Access For European Banks

Mifundo, the fintech building Europe's unified cross-border credit data platform, today announced a strategic partnership with CRIF Switzerland, the leading Swiss provider of credit risk management solutions. The collaboration integrates CRIF's comprehensive Swiss credit data with Mifundo's pan-European network, enabling European banks to gain instant access to Swiss credit information when serving Swiss mobile professionals. 

Tuesday, July 22, 2025 - 09:43
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/news/banking/mifundo-and-crif-switzerland-partnership-enhance-cross-border-credit-data-access
Financial IT
Crown Agents Bank Awarded International Money Transfer Operator Licence From The Central Bank Of Nigeria

CAB Payments is pleased to announce that Crown Agents Bank has secured an International Money Transfer Operator licence (“IMTO”) from the Central Bank of Nigeria as part of its strategy to develop meaningful relationships with key central banks and regulators in important markets.

Tuesday, July 22, 2025 - 09:35
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/news/payments/crown-agents-bank-awarded-international-money-transfer-operator-licence-central-bank
Financial IT
Transcend Appoints Sandeep Arora As Chief Operating Officer

Transcend, a leading provider of innovative liquidity, funding, and collateral optimization solutions, has appointed Sandeep Arora as Chief Operating Officer. Arora has over three decades of experience in capital markets, digital platforms, and financial technology, and will play a critical role in scaling Transcend’s business, operational capabilities, and client delivery.

Tuesday, July 22, 2025 - 09:27
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/news/people-moves/transcend-appoints-sandeep-arora-chief-operating-officer
Financial IT
Alix Secures $20M Series A To Transform Estate Settlement

Alix, a first-of-its-kind wealth transfer platform, today announced a $20 million Series A funding round from Acrew Capital, Charles Schwab and Edward Jones Ventures*. Existing investors Initialized Capital, Scribble, Magnify, Ziegler Link•age Funds, and Cameron Ventures also participated in the oversubscribed Series A round. This additional funding will support the company’s growth strategy, bringing the power of AI-enabled estate settlement to more families in need.

Monday, July 21, 2025 - 16:39
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Financial IT

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