Building upon success at Arbuthnot Specialist Finance Limited (ASFL), broader bank to adopt cloud-native platform

Investment to be used for technology innovation, global expansion, and to extend market leadership

mmob, the UK’s first embedded finance network has today announced the successful completion of a £5m seed round. The investment was raised from a group of angel investors including high net worth individuals and senior banking executives. mmob will use the investment to advance the development of its technology platform, enter new markets including Malaysia, and further its leadership position within embedded finance. 

mmob, the UK’s first embedded finance network has today announced the successful completion of a £5m seed round. The investment was raised from a group of angel investors including high net worth individuals and senior banking executives. mmob will use the investment to advance the development of its technology platform, enter new markets including Malaysia, and further its leadership position within embedded finance. 

·       Industry-first fraud-scoring platform uses ACI’s patented incremental learning technology, enabling banks to reduce fraud losses by up to 75 percent 

·       New service is available via the Public Cloud to FIs in North America and Europe 

An appeal has been launched to encourage businesses in the fintech sector to donate and raise much needed funds for those affected by the crisis in Ukraine. Fintechs For Ukraine aims to encourage tech firms to raise as much money as possible to help support victims of the crisis.

Every penny raised will go directly to Save the Children’s Ukraine Appeal which aims to see the fintech community, across Europe and beyond, join forces and come together by pledging money in support of the campaign.

TotallyMoney, the credit app that helps everyone move their finances forward, has appointed Henry Pearce as Head of Data, as it ramps up the use of technology to help consumers improve their financial situation.

Having recently hit four million customers, TotallyMoney helps its customers understand, track and improve their credit score, using multiple data sources to offer tailored solutions and bespoke recommendations.

IBSFINtech, India's leading TreasuryTech solutions provider for corporates, has extended its product offerings with the launch of VNDZY®- an integrated SaaS solution for Supply Chain Finance. IBSFINtech is a globally renowned treasury, risk, and trade finance management enterprise that provides digitised solutions for end-to-end automation of the corporates' cash flow, liquidity, treasury, risk and trade finance functions. 

Sberbank and other Russian banks are looking into issuing cards with local payments network Mir and China-based card network UnionPay to combat Mastercard and Visa suspending services in the country, per Bloomberg.

Wikisoft Corp. recently announced that it has acquired 51% of Etheralabs LLC a New York City based venture lab and ecosystem that invests in, builds, and deploys disruptive technologies across the Blockchain space.