Saudi Arabia has consistently seen a surge in the use of FinTech and related technologies during the global health crisis. There has been a rise in the use of contactless payments, and other forms of digital banking channels. The faster adoption of FinTech has exceeded expectations as part of the country’s Financial Sector Development (FSD) programme.

Digital banking and lending platform company, LEVERIS, today announced its partnership with ComplyAdvantage, the global technology company transforming financial crime detection, to ensure banks and lenders can offer their customers an onboarding experience that is seamless and AML-compliant.

Leading Connected Payments provider, Checkout.com today announces its appointment as payments provider to THG, a global technology platform company, specialising in taking brands direct to consumers.

Leading issuer processor, Global Processing Services (GPS), today announces it has been selected by Mastercard, the leader in global payments and technology, as its chosen processing partner in its Fintech Express Programme.

New data from Open Banking pioneer Nuapay, powered by Sentenial, has revealed that consumers are frustrated with the user experience when making card payments online. This follows recent findings that highlighted a raft of payment card security failings. The news comes as retailers ready themselves for the busy festive shopping season - an event that is even more important this year as businesses seek to plug pandemic losses.

GoCardless, a fintech leader in recurring payments supporting more than 55,000 businesses worldwide, today announces it has raised $95m in a Series F funding round.

This latest fundraise, led by Bain Capital Ventures, follows 46% year-on-year growth for GoCardless despite the challenging economic environment and supports its ambitious growth plans. It brings the total raised to-date to $240m.

Quantexa, the data and analytics software company pioneering contextual decision intelligence, announced today its AI-based technology is supporting Danske Bank as it enhances its Anti-Money Laundering (AML) monitoring and investigation capabilities. 

Form3, the leading cloud-native payment technology provider has secured a partnership with and investment from global payment technology leader Mastercard. Together, Form3 and Mastercard will help banks and financial institutions around the world connect with domestic and international payment platforms more seamlessly, reliably and securely.

The additional funding follows $33m raised in August this year from new investors; Lloyds Banking Group, Nationwide Building Society and venture capital firm 83North.