Threat actors are leveraging sophisticated technologies, like automated scripts and botnets, to amplify their card-testing attacks, allowing them to exploit vulnerabilities at an unprecedented scale and speed. These attacks, known as enumeration attacks, inflict operational expenses and $1.1B annually in fraud losses, accounting for a significant portion of global fraud.

Revolut, the global fintech with more than 40 million customers worldwide, today announces Revolut X — a stand-alone crypto exchange designed for professional crypto traders. Aimed at competing with other leading exchanges by offering easy on and off-ramping, and low fees, Revolut’s latest crypto offering marks an important next step in becoming the go-to financial app for crypto beginners and pros alike — providing them with a safe and accessible place to trade.

Only six months after completion of its pre-seed round, Eleos has raised venture capital investment of $4 Million USD in a seed round led by Fuel Ventures and Indico Capital. 
Additionally, this funding round was further supported by APX.

Founded in 2022, Eleos has made rapid progress in consolidating its position as the UK’s only provider of fully digital life insurance and income protection products and is on course to pass the £1 million revenue mark by the end of 2024.

AutoRek, a leading software provider to companies in the global financial services sector, has today announced the availability of its cutting-edge platform in the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure. AutoRek customers can now take advantage of the productive and trusted Azure cloud platform, with streamlined deployment and management.

Paymentology, the leading global issuer-processor, today announces its strategic partnership with Diamond Trust Bank (DTB), a tier-one East African commercial banking franchise. The partnership is aimed at driving financial inclusion in Kenya through the embedding of financial services, and deployment of Cards-as-a-Service (CaaS), for both licensed and unlicensed entities.

Mastercard has signed a memorandum of understanding (MoU) with The BENEFIT Company (BENEFIT), Bahrain’s leading fintech company and the national electronic payment infrastructure operator, to explore opportunities for collaboration in driving innovation and financial inclusion in the country’s dynamic payments ecosystem.

Candy Jets, a private jet charter service, has partnered with CoinCorner, a leading Bitcoin services provider, to accept payments in bitcoin for their luxury travel services.

Trading 212, an FCA-regulated online broker offering trading services, is partnering with Paynetics, one of the leading providers of embedded finance in Europe, to integrate multi-currency accounts and card payments within their trading services. 

Thredd, a leading global payments processor, announces the expansion of its product and delivery teams with four recent senior appointments.

With decades of combined experience delivering innovative solutions across the global payments’ ecosystem at leading payments firms, these additions will drive Thredd’s next phase of growth, supporting core product development and next-generation capabilities.

Today, Temenos announced that Multifonds has extended its relationship with Citi Securities Services to consolidate its current regional fund accounting operation into a global operating model on Temenos Multifonds delivered as SaaS.