PXP Financial (‘PXP’), the expert in payment services, data analysis and fraud, today announces that it is partnering with Discover® Global Network, the payment brand of Discover and the world’s fastest-growing global payment card network. 
 

Spanish neobank Plazo has closed a strategic partnership with Mambu, the world’s leading cloud banking technology platform. 

This alliance allows Plazo to accelerate the development of cutting-edge lending solutions, with access to over 30,000 new product combinations and fuel its expansion to further consolidate as the go-to financial wellness app covering people’s daily purchase, saving and lending needs.

Persona today launched the only end-to-end solution that enables businesses to configure and automate KYB and KYC verification processes to help meet compliance requirements—all from a single platform. Now, companies can simplify the orchestration of KYB and KYC workflows for their customers to provide a secure and streamlined identity verification experience. 

Scroll Finance (Scroll), a next-generation fintech providing smart financing solutions to homeowners, has today announced that Modulr, the embedded payments platform, will power its underlying payments infrastructure.  
 

SentinelOne, an autonomous cybersecurity platform company, has unveiled SentinelOne Skylight. Skylight unifies security and enterprise data in a singular view for understanding and autonomous action. Skylight provides full data visibility, ingestion, and storage capabilities, integrating SentinelOne and third-party data within SentinelOne Storylines.

Committed to helping startups across the UK scale, Jeeves, the financial platform for global startups, today announces the launch of Jeeves Growth in the UK at this year's Money2020 in Amsterdam.

If you are a startup with a great idea, chances are you’ll have to raise capital to get it off the ground and into the market. There are various ways to go about raising startup capital, here we’ll cover a few of the less traditional routes to raising.  

In recent years, the Basel IV capital regulations and amendments have put banks under large amounts of pressure to place the right measures, controls and models to understand these regulations’ impact on capital. With capital positions weakening, banks were forced to change their focus from capital optimisation to resource deployment, something which delayed Basel IV implementation. Additionally regulations such as the FRTB ad SA-CCR, impacting market and counterparty credit risk had a huge impact on the risk and capital management side.

Artificial Intelligence (AI) and especially Machine Learning (ML) tools have generated a lot of interest and investment from banks, asset managers, pension funds and hedge funds. These companies strive to utilize various ML techniques such as supervised and unsupervised ML, Natural Language Processing (NLP) and Data Science to develop better-investing strategies, find new competitive insights from data they collect and buy, and ultimately increase profits and beat the competition.

Tech giants do banking better than banks

With a turbulent period of time behind, financial ecosystems adapted to new requirements and became digital. As fintechs are developing rapidly, omnichannel digital banking and shopping surging, and consumers have more banking options than ever.