Gartner estimates $195 Billion of spending across industries on Cloud Application Services (SaaS) in 2023, with Financial Services, set to be one of the key contributors to this overall estimated spend. 

Attempted fraud in the financial industry has risen sharply since the start of the cost of living crisis began in late 2021.

Homeppl, one of the leading fraud prevention providers has confirmed this week that 91% of the fraud they flag in applications stems from applicants attempting to conceal their true financial status by modifying original financial documents or creating completely fake ones.

Core10, Inc. (Core10), a U.S.-based financial technology company that provides lending and account opening products, as well as software development services, today announced the close of a $6.5 million Series B funding round to support the expansion of its Accrue platform and banking integration services.

nsKnox, which offers bank account verification and B2B payment security, has scored $17m in its latest batch of funding.

First-time nsKnox backers Link Ventures and Harel Insurance & Finance took a significant part in the round. Existing nsKnox investors M12, Viola Ventures, and Alon Cohen, nsKnox’s founder and CEO, also joined the round.

ClearCourse, a leading group of market-leading technology brands providing integrated software and payments solutions, today announces the acquisition of Clear. Focusing on market-leading software solutions for the non-profit and transport sectors, Clear will expand ClearCourse’s established and growing footprint while creating new opportunities within the transport sector.

Ascendant, an international provider of cross-border business payment solutions and a financial technology company, today announced that Battery Ventures, a global, technology-focused investment firm, has agreed to make a significant investment in the company.

We are pleased to announce another success for Block Scholes as we confirm that Sygnum, the world’s first digital asset bank, has joined our fast-growing portfolio of enterprise clients. Sygnum will be incorporating Block Scholes’ data into its pricing tools and risk systems.

We may be a young company but we are gaining momentum fast, with this contract win following on from our recent data agreement with D2X, the digital asset derivatives exchange soon to be regulated in the EU*.

Baton Systems (“Baton”), the global fintech digitally transforming post-trade processing using distributed ledger technology (DLT), has announced the appointment of Ravindra Madduri as Global Head of Product.  

Oxx, the leading B2B SaaS investor partner, today announces the promotion of Bob Thomas and Phil Edmondson-Jones to Partner, and Ingrid Bonde Åkerlind to Principal.