New figures show the total reported amount lost to fraud reached £2.3bn in 2024, according to a freedom of information request by RSM UK to Action Fraud.

Phixius by Nacha—a secure, peer-to-peer payment information network—announced today that ValidiFI is live on the Phixius network as an additional provider of bank account validation. Phixius now offers multiple providers of account validation, expanding the coverage of account validation data for Phixius users.

Pliant, a European fintech specializing in B2B payment solutions, today announced it has raised a $40 million Series B equity round. This brings Pliant’s total funding to over $100 million. Pliant has a strong foundation in Europe and will use the Series B capital to fuel its expansion to the U.S.

LSEG today announced it has extended its multi-year collaboration with Amazon Web Services (AWS), naming AWS as the preferred cloud provider for its Markets, Risk Intelligence and FTSE Russell divisions. Today’s new agreement builds on the existing relationship between the two companies.

FinMont, the global payment orchestration platform purpose-built for the travel industry, is proud to announce the opening of a new office in Bogotá, Colombia. This move marks a major milestone in FinMont’s global expansion strategy, enabling the company to provide dedicated, on-the-ground support to its clients across Latin America and be an active part of the region’s fast-growing travel ecosystem.

New research compiled by Aion Bank and Vodeno released today, highlights that Europe’s top 50 retailers and marketplaces are prioritising new payment options to give customers greater choice at the checkout.  

Panax, a leading AI-driven cash management platform, has partnered with Airwallex, a leading global payments and financial platform for growing businesses, to streamline global money movement. Powered by Airwallex’s global financial infrastructure and payments capabilities, Panax customers can now directly execute cross-border payments and foreign exchange (FX) transactions within the Panax platform.

Surfin Meta Digital Technologies, Singapore-headquartered financial technology solutions provider for the underserved, announced the successful completion of its oversubscribed funding round on April 23 2025. Woori Venture Partners, Washington University in St. Louis, and Phillip Private Equity participated in this round, bringing total funding to USD 26.5 million.

New research from PensionBee, a leader in the consumer retirement market, reveals a stark picture of a system buckling under outdated processes, inconsistent standards, exploitation and lack of regulatory enforcement – with one case of a saver waiting more than 1,000 days to switch their pensions.

Financial institutions have always struggled to realise the potential of open banking technology. On the surface, open banking offers a glimpse into the future of finance by enabling innovative products and services through secure data sharing, therefore boosting competition, and ultimately creating opportunities for businesses and customers alike.