In March 2022, the UK implemented the final piece of the second Payment Services Directive (PSD2), requiring customer-initiated payment transactions to be subjected to strong customer authentication (SCA), via a new method, such as two-factor authentication (2FA). PSD2 is designed to protect customers in the digital payment ecosystem from fraud, in particular Card Not Present (CNP) fraud, which has historically constituted the lion’s share of card-related theft – amounting to an estimated EUR 1.5 billion in 2019. 

iDenfy,  a global RegTech company offering full-stack identity verification and fraud prevention tools, announced a new partnership with AlaiseData. This Germany-based development company provides innovative digital business solutions tailored to long-term product relationships. iDenfy’s verification service will help ensure KYC compliance and a swift verification process for AlaiseData’s customers.

SME Bank, the neobank startup that offers banking and financial services specifically for small- and medium-sized enterprises, has signed a new partnership contract with the European Investment Fund (EIF) unlocking €157 million in loans (€65 million of which has already been financed) to foster growth and development among SMEs across the Baltics, Finland, and the Netherlands.

Every year over £20 billion is paid via online platforms to the army of freelance workers working for a range of businesses across the UK and, all too often paid very late. Helping these workers and companies get this right since 2019, French fintech Aria is today launching in the UK to be the default deferred payment infrastructure provider for the UK platform economy and B2B marketplaces. 

UK fintech start-up ZIPZERO has relocated its head offices from London to Aberdeen, Scotland, in a bid to accelerate its growth.

Delega, a fintech platform designed to simplify how corporations manage their signatories across multiple bank accounts, has secured £250,000 in a Seed round led by early-stage focused venture capital firm Jenson Funding Partners. The investment will be used to further development of the multi-bank tool via the implementation of new features and integration with value added services such as e-signature.

Dock, an innovator in payments and digital finance infrastructure across Latin America, announced the launch of Responsible Credit Solutions on its proprietary Dock One platform. These solutions enable businesses to offer an array of flexible, customizable credit and loan products to their customers in a way that encourages responsible financial decision-making.

If you want to be successful in business, you can't just sit back and wait for customers to come flocking. You've got to reach out and grab them. And today, with all the exciting tools and technology available, it's easier than ever before.