iDenfy, a Lithuania-based identity verification and fraud prevention software provider, announced the release of its new Bank Verification solution. This tool is designed to enhance the customer onboarding process by integrating open banking solutions, helping businesses comply with Know Your Customer (KYC) regulations. The Bank Verification solution will help industries like crypto, recruitment, or fintech ensure that the user isn’t a fraudulent account holder and isn’t providing forged data.

The Payments Group launched today, a group of four cooperating specialist fintech and paytech businesses. TPG brands operate in a combined 190 countries, are used for payments on tens of thousands of apps/websites, and its cash services are available at 550,000 physical retail locations worldwide.

The Bank of New York Mellon Corporation, a global financial services company, and Mizuho Bank, Ltd. (“Mizuho Bank”), the banking arm of Mizuho Financial Group, Inc. (NYSE: MFG) and one of the largest full-service financial institutions in the world, jointly announced a landmark agreement for correspondent bank network connectivity for international trade. 

Loqbox, the UK’s leading credit-building business, announces two strategic new hires from tech giants TikTok and Sage to bolster its Partnerships team and power its next phase of growth.

Tuum, the leading next-generation core banking provider, today announced the launch of its foundational Islamic Banking and Finance solutions, marking a significant milestone towards delivering comprehensive, Sharia-compliant financial services. This initiative focuses on the key principles of Islamic banking, laying the groundwork for a full end-to-end platform designed to support the needs of Islamic financial institutions.

Over the past year Wise Platform, Wise’s global payments infrastructure for banks, financial institutions and larger enterprises, has further enhanced its product suite for partners and significantly expanded its global regulatory footprint. As a result, Wise Platform is helping more partners offer faster, cheaper, secure, and convenient international payments directly from their own platforms.

Real-time payments are forecast to generate $285.8 billion of additional global GDP growth and create more than 167 million new bank account holders by 2028, according to a new report published by ACI Worldwide, an original innovator in global payments technology, in collaboration with The Centre for Economics and Business Research (Cebr).

Mastercard introduced a new product innovation, Mastercard Move Commercial Payments, that will enable banks to facilitate near real-time, predictable and transparent commercial cross-border payments.

Thunes, the Smart Superhighway to move money around the world, today announced its proprietary Direct Global Network now provides banks with access to over 3 billion mobile wallets around the world via their existing Swift connectivity.

Kroll, the leading independent provider of global risk and financial advisory solutions, announced today that Katherine Keefe will be joining Kroll as Managing Director and Global Cyber Insurance Industry Lead for Kroll's cyber insurance capabilities worldwide.