Partnerships 

Western Union and Beforepay Offer ‘Send Now, Pay Later’ Service to Consumers for International Money Transfers

Six in ten (63%) UK accounting and finance professionals are concerned over the accuracy of their company’s monthly financial statements, according to new research published by FloQast, a provider of accounting workflow automation.

Businesses and consumers alike are ready to embrace open banking, according to a survey from YouGov and GoCardless. 29% of UK consumers said they are likely to try open banking-powered Variable Recurring Payments (VRPs) as they become more widely available, with 36% of that group agreeing that the technology sounded convenient.

Mobileware Technologies, a market leader offering UPI interoperability, scalable payment solutions, and seamless access to the payments ecosystem to businesses, has received the coveted International Organization for Standardization’s ISO 27001:2013 certification, demonstrating its dedication to security management best practices.

World-leading biometrics company 

Mastercard and end-to-end fraud protection platform Vesta have announced a new strategic partnership to deliver state-of-the art fraud management solutions for merchants in Asia Pacific.

The partnership will involve the integration of Mastercard’s Cyber & Intelligence (C&I) products and solutions into Vesta’s transaction guarantee platform, and will allow merchants to eliminate online fraud, approve more transactions and grow their business.

DKK Partners, a leading fintech company which specialises in emerging markets (EM) and foreign exchange (FX) liquidity, has launched a Dubai operation to turbocharge the business economy in the Middle East.

The news comes following circa 60% per cent growth in 2022, surpassing £100 million in revenue, up from £63 million the previous year.

UK fintech start-up 

Varo Bank, N.A., the first all-digital, nationally chartered consumer techbank in the U.S., announced the appointment of Wook Chung as Chief Product Officer.