Plaid, an open banking network that powers digital financial experiences, has published its third annual report entitled The Fintech Effect, revealing that 84% of UK consumers are using fintech to manage their money in 2022, with broad adoption across demographic groups.

ION, a global leader in trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, has today launched XTP Spark, a turn-key trade processing solution for Cleared Derivatives.

Philipp Wendenburg has joined SAP Fioneer, a leading provider of financial services software solutions and platforms, as Global Head of ESG Solutions.

OKX, the world’s second-largest crypto exchange by trading volume, has announced the public launch of its paradigm-shifting Block Trading product following extensive iteration and improvement since its soft launch in June.

The global identity verification and compliance tools provider, iDenfy, struck a new deal with CoinBeam, the digital banking platform, helping banks, credit unions, and financials to generate revenue in cryptocurrency. With the goal of enhancing security, iDenfy will be responsible for the crypto platform’s identity verification process. 

Saudi-based Retail enablement company, Zid, has successfully raised $50 million (~188 million SAR) in a Series B funding led by IMPACT46 with participation from new investors: Aramco venture capital arm (Waed Ventures) and Endeavour Catalyst. Previous investors: Global Ventures, Elm Company, Arzan and MSA also participated.

Paytrix, a payments curation platform for global marketplaces, today announces that it has secured £5 million of new capital. The investment round was led by Hambro Perks, an international investment firm focused on private investing, alongside investment from Bain Capital Ventures, Fin VC, Better Tomorrow Ventures, The Fintech Fund and a number of notable angel investors.

GoCardless, a global leader in direct bank payments, has signed Crowdz, the small and mid-sized enterprise (SME) finance platform, as its latest customer as the company looks to integrate open banking to enhance its ability to drive equitable access to finance for small businesses.

Spice Money (a subsidiary of DiGiSPICE Technologies), India’s leading rural fintech, which is revolutionizing the way Bharat banks, announced the appointment of Usha Murali as Chief Compliance & Risk Officer (CCRO).  Her appointment aims to strengthen the company’s regulatory compliance framework and become the country’s most trusted rural fintech player.

Mintus, the fractional art investment platform, today announced its first major partnership in the discretionary fund management and wealth management sector as it seeks to expand its global reach.