The Consumer Financial Protection Bureau (CFPB) and 11 states announced today that Prehired will provide more than $30 million in relief to student borrowers, for making false promises of job placement, trapping students with “income share” loans that violated the law, and resorting to abusive debt collection practices when borrowers could not pay.

Financial institutions and organizations should fortify their defenses in 2024, as threats will surge driven by AI and heightened automation according to Kaspersky experts. In it’s crimeware report and financial predictions for 2024, the cybersecurity company anticipates an increase in cyberattacks, exploitation of direct payment systems, the resurgence of Brazilian banking trojans, and a rise in open-source backdoored packages.

PayPoint is pleased to announce that it is expanding its partnership with Yodel and Vinted across its Collect+ network, the leading Out of Home parcel pick up, drop off and send service in the UK.

Form3, the cloud-native account-to-account platform, is delighted to announce it will be providing Klarna, the AI-powered payments network and shopping assistant, with SEPA connectivity to bolster its customer offering in Europe as part of its wider international growth strategy.

nCino, Inc., a pioneer in cloud banking for the global financial services industry, today announced that Alba Bank (Alba) has made a significant step towards supporting the UK’s small- and medium-sized businesses (SMEs) by adopting the nCino Cloud Banking Platform.

MANGOPAY, the platform-specific payment infrastructure provider, today announces that it has been selected by Maisons du Monde, a renowned home decor and furniture retailer, to offer seamless payment experiences to its marketplace customers. The integration of Mangopay’s modular payment infrastructure marks a significant step forward in improving digital transactions for Maisons du Monde’s marketplace, ensuring greater customer satisfaction while creating growth opportunities. 

Sumsub, a full-cycle verification platform, today announces the latest advancements to its Global Database Verification solution, designed for businesses seeking reliable, efficient, and cost-effective user verification. Global Database Verification caters to a wide range of both regulated and non-regulated industries and businesses looking to ensure the legitimacy and accuracy of user data on a global scale.

Today, Payhawk, the global spend management platform, announces the launch of its new Purchase Orders system. The solution streamlines procurement operations by integrating purchase requests, approvals, Purchase Order creation, three-way matching, and the ability to pay in local or cross-border transfers in one seamless platform.

SME working capital provider TRIVER has raised a further £20m to revolutionize how small businesses can access finance.

The deal – a £20m debt facility with Luxembourg-based Avellinia Capital – will enable TRIVER to offer over £200m of funding annually to help small businesses in the UK and further its product development.

Industry leaders road-mapped the future of the UK’s digital economy in Parliament last night, discussing the widespread digital skills crisis, diversity in the technology industry, and sustainability challenges.

The panel was hosted by Dean Russell MP for Watford and chaired by Steven George-Hilley of Centropy PR, bringing together business chiefs and policymakers to debate the role businesses can play in growing and innovating the UK’s digital sphere.