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Mastercard Accelerates Card Fraud Detection with Generative-AI Technology

As fraudsters seek new ways to exploit technology, Mastercard is using generative AI to double the speed at which it can detect potentially compromised cards, further protecting cardholders and securing the ecosystem.

Wednesday, May 22, 2024 - 10:55
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/news/security/mastercard-accelerates-card-fraud-detection-generative-ai-technology
Financial IT
Building Societies Rank Highest for Customer Satisfaction but Are Failing to Convert Customers as Neobanks Grow Market Share

Building Societies are failing to convert high customer satisfaction rates into expanding their customer base, and risk losing market share within the younger demographic to challenger and neobanks with superior digital offerings, according to a new report from Moneyhub. Younger generations show a marked preference for Open Banking and Open Finance enabled interactions and to secure a future, Building Societies must align their offerings with these digital expectations.

Wednesday, May 22, 2024 - 10:53
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/news/personal-finance/building-societies-rank-highest-customer-satisfaction-are-failing-convert
Financial IT
Footprint Raises $13 Million Series A led by QED Investors to Automate Consumer Onboarding and Make Identity Portable

Footprint, a company that unifies KYC (Know Your Customer), security and authentication to automate consumer onboarding and reduce identity fraud, today announced a $13 million Series A led by QED Investors.

Wednesday, May 22, 2024 - 10:47
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/news/fundraising-news/footprint-raises-13-million-series-led-qed-investors-automate-consumer
Financial IT
HPS Expands Global Footprint With New Office in Pune, India

HPS, the leading global provider of payment software and services, is thrilled to announce the official opening of its new office and delivery center in Pune, India, marking a significant milestone in the company's global expansion strategy.

Wednesday, May 22, 2024 - 10:42
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/news/infrastructure/hps-expands-global-footprint-new-office-pune-india
Financial IT
American Express and Emburse Bring Integrated Expense Management Solution to Commercial Customers

American Express, a leader in global business payments, and Emburse, a leading provider of travel and expense software, are partnering to offer end-to-end virtual card issuance, card reconciliation, and expense management in Embur

Wednesday, May 22, 2024 - 10:38
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/news/payments/american-express-and-emburse-bring-integrated-expense-management-solution-commercial
Financial IT
Data Reporting Pioneer Kani Payments Gears Up for Global Growth with New Senior Hires
Kani Payments, the disruptive global data reconciliation and reporting platform, has added two new hires to its senior management team as it forges ahead with its rapid growth ambitions worldwide. Carol Connolly joins as Head of Finance & HR, and Roger Binks joins as Chief Commercial Officer.
 
Wednesday, May 22, 2024 - 10:00
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/news/people-moves/data-reporting-pioneer-kani-payments-gears-global-growth-new-senior-hires
Financial IT
Experian Acquires Strategic Stake in Reward

Reward, an industry leader in customer engagement and commerce media, today announced that Experian, a FTSE50 company, the world’s leading global information services company, has acquired a strategic stake in the company.

Wednesday, May 22, 2024 - 09:54
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/news/investment/experian-acquires-strategic-stake-reward
Financial IT
myTU Launches ‘Payouts API’ to Streamline Payment Processing for Businesses

myTU, the fintech pioneering the use of cloud-only infrastructure and AI to transform consumer banking, announced the release of a new API product, “Payouts API,” designed to help businesses optimise their financial processes and enhance operational efficiency. By implementing the new solution, companies can increase profitable revenues through automated, real-time payment processing and loan management, while reducing operational costs and manual errors. 

Wednesday, May 22, 2024 - 09:48
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/news/payments/mytu-launches-payouts-api-streamline-payment-processing-businesses
Financial IT
Bitget Appoints Gracy Chen as CEO

Bitget, the leading cryptocurrency exchange and Web 3 company, today announces the appointment of Gracy Chen as its new Chief Executive Officer (CEO), effective in May 2024, succeeding Sandra Lou, who will be leaving the platform to pursue her own business goals. With over 10 years of experience in business management, marketing, and investment, Gracy proves herself to be a leading female entrepreneur in the crypto world.

Wednesday, May 22, 2024 - 09:43
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/news/people-moves/bitget-appoints-gracy-chen-ceo
Financial IT
Capchase Secures €105 Million from Deutsche Bank to Support Flexible Financing for SaaS Companies in Europe

Capchase, the revenue acceleration platform for Software-as-a-Service (SaaS) companies, today announced it has secured a €105 million credit facility warehouse led by Deutsche Bank. This new financing contributes to the more than $1 billion in combined debt and equity financing Capchase has received since its founding in 2020.

Tuesday, May 21, 2024 - 14:45
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/news/fundraising-news/capchase-secures-eu105-million-deutsche-bank-support-flexible-financing-saas
Financial IT

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