Paymentology, the UK cloud-native payment processor, is pleased to recognise the official launch of Standard Chartered’s digital bank, MOX Bank.

Klarna, the leading global payments and shopping service, is pleased to announce it has raised $650 million in an equity funding round, at a post money valuation of $10.65 billion, which ranks Klarna as the highest-valued private fintech in Europe and now the 4th highest worldwide. 

The Latin America Summit, the annual event organized by payments company EBANX that promotes a deep dive into the business landscape in Latin America, this year will be fully online, live show format, and divided in two chapters, taking place on September 17 and on October 15.

Finzly, a fintech provider of modern banking applications for foreign exchange, trade finance, payments and digital banking, has released its latest developments for Payment Galaxy™, an interoperable payment hub that leverages open APIs in the cloud to centralize consumer and business payment processing, monitoring, reporting and compliance.

LexisNexis® Risk Solutions today released its biannual Cybercrime Report, which tracks global cybercrime activity from January 2020 through June 2020. The report dives deep into how the COVID-19 pandemic has impacted the global digital economy, regional economies, industries, businesses and consumer behavior. The period has seen strong transaction volume growth compared to 2019 but an overall decline in global attack volume. This is likely linked to growth in genuine customer activity due to changing consumer habits.

Obsecure, a cybersecurity company that guarantees the authenticity of digital actions, making digital experiences as safe, trusted and simple as physical in-person interactions, officially launches today at Finovate Fall with the debut of its  two flagship 

Detected, the world’s first agnostic business verification platform, has appointed 

Chip, the automatic saving app offering access to market-leading returns, raised a total of £10.7 million from the crowd and the government-backed Future Fund, as part of the company’s series A round. The amount, raised in under 48 hours from 6,420 investors, makes it the largest convertible round in UK crowdfunding history as well as the largest crowdfunded Future Fund participation. Chip, which saw 25,000 people pre-register ahead of the round on Crowdcube, raised a total of £2 million in under 10 minutes and £4 million in under an hour. 

Xero, the global small business platform, today announced that it is increasing the limits on its Starter plan, alongside improving the functionality of payments and insights tools, to help sole traders and new small businesses get started, manage their cash flow and grow during and beyond the pandemic.

Financial infrastructure provider, Banking Circle, has been named Best E-Commerce Initiative for its Banking Circle Marketplaces solution in the 2020 PayTech Awards. Banking Circle’s partnership with Cardstream was also highly commended in the Best PayTech Partnership category.