Pomelo Group, the Singapore-based payment infrastructure platform that enables financial institutions to offer modern payment solutions to their end users, today announced that Steve Vickers, formerly COO of Paysend and CEO of Thunes, has been appointed Chief Executive Officer and will join the company’s Board of Directors. Steve Vickers succeeds Vincent Choi, Pomelo Group’s co-founder, who is stepping down as CEO and joining Pomelo’s strategic advisory board.

Young people are three times more likely than older generations to have their mental health impacted by money worries, research from responsible lender, Creditspring reveals.

Four in ten (39%) people aged 18-34 say their mental health has significantly worsened as a direct result of the cost of living crisis, compared to just 13% of over 55s.

Atto, a leading provider of credit risk solutions using transactional data, is thrilled to announce a strategic partnership with FICO, a global analytics software leader, for the UK market. This partnership will enable UK lenders to easily integrate Open Banking data into the credit scoring process.

TransferGo, the global fintech empowering a world on the move, today announced securing a 10 million USD investment from Taiwania Capital, a leading venture capital firm in Taiwan, backed by Taiwan’s public and private sectors. This investment aims to accelerate growth in the Asia-Pacific region and support the expansion of its new product offerings. 

An analysis from App Radar by SplitMetrics has revealed how European and UK neo and legacy banks have performed in 2023 when compared to 2022. 

PayDo, a leading Electronic Money Institution (EMI), is on the way to improving digital finance. It will launch an embedded finance feature for SEPA, SEPA  Instant, FPS and SWIFT transactions. 

Now more than ever, financial agility and global connectivity are crucial. PayDo's shift to embedded finance is a game-changer for businesses and individual clients.  

Financial inclusion is essential for the public, businesses and government nationwide. News in March revealed that the UK experienced the sharpest increase in absolute poverty in 30 years, with almost a fifth (18%) of the UK population in absolute poverty.

Nubank Ultravioleta, the exclusive experience for high-income Nubank customers, announces its entry into the travel segment with the pre-launch of its Global Account, in partnership with Wise Platform, Wise’s market-leading global infrastructure solution for banks and large companies. Starting today, Ultravioleta customers can sign up in advance for first-hand access to the service, which will be launched in the coming weeks. 

Novidea, creator of the cloud-based, data-driven enterprise insurance management platform, today announced it has raised an additional $30 million from HarbourVest Partners, bringing its total Series C round to $80 million, joining existing investors Battery Ventures, Cross Creek, Israel Growth Partners (IGP), KT Squared, and JAL Ventures. To date, Novidea has raised $120 Million.

Entrust, a global leader in trusted payments, identities, and data security, today announced that it has completed its acquisition of Onfido, a global leader in identity verification. With this completed acquisition, Entrust now provides the industry's most comprehensive portfolio of AI-powered, identity-centric security solutions. Terms of the acquisition were not disclosed.