Businesses are increasingly demanding enhanced security and spending controls in their B2B payments, which means virtual cards could proliferate in 2023.

Strise, the anti-money laundering (AML) intelligence software company, announced today its $10.8m Series A funding round. Leading VC Atomico led the round with participation from existing investors.

Cloud Finance, a software solution for corporate finance based in Italy, has joined forces with Salt Edge, a leading provider of open banking solutions. They are working together to create an environment where professionals and businesses can harness the full potential of open banking to make smart financial choices, improve efficiency, and fuel economic progress.

nCino, Inc., a pioneer in cloud banking for the global financial services industry, today announced enhancements to its Small Business Banking Solution.

iDenfy, a Lithuania-based RegTech startup providing identity verification and fraud prevention tools, partnered with Insta Cash, a Bulgaria-based financial wellness company that offers employees access to part of their earned wages on-demand. With the integrated document analysis and facial recognition technology from iDenfy, Insta Cash will provide its users with a frictionless verification experience. 

The cryptocurrency industry is struggling to improve its reputation, according to new research published today by Coincover, the blockchain protection company.

Broadridge Financial Solutions, Inc. today announced the appointment of Michael Tae and Doug DeSchutter as Co-Presidents of its Investor Communication Solutions (ICS) business, effective October 1, 2023. In their new roles, Tae and DeSchutter will be responsible for all aspects of the company’s ICS business segment, including the bank broker-dealer, corporate issuer, mutual fund and retirement, and customer communications solutions businesses.

Paysafe, a leading payments platform, and Eightcap, a global retail trading provider, are excited to announce the strengthening of their partnership through the introduction of an innovative Embedded Trading Wallet solution. This strategic collaboration aims to provide a joint embedded finance solution for Eightcap and Paysafe’s shared partners and merchants. 

CapitalBox, the leading fintech lender for small- and medium-sized enterprises in Europe, has appointed Sicco Goede as its new Country Manager for the Netherlands.

After neobanks, or 'challenger banks' in the UK, made headway in the market on the back of the 2007-2009 banking crisis, their impact on conventional banks has been significant. Promising a more customer-focused, transparent and technology-oriented service, they represented a faster, easier and more convenient alternative to traditional banks. This, combined with digital disruption across the board when it comes to customer experience, not just in banking, has made gaining a competitive advantage tough for incumbent banks.