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Infinity Loop Raises $5M; Empowers Enterprises to Save Millions on Vendor Contracts

Infinity Loop, the AI-native contract intelligence platform built to help enterprises save money on vendor contracts, today announced it has raised a $5M Seed Round, led by Glasswing Ventures and TIAA Ventures, with participation from Plug and Play, Restive Ventures, and angel investors.

Monday, August 18, 2025 - 12:46
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Financial IT
Ingenico AXIUM SX5000 Products Achieve PCI PTSv7 Certification, Paving the Way for More Secure Payment Solutions

Ingenico, a global leader in payment acceptance and services, has  announced that its Ingenico AXIUM SX5000 products are now certified under the latest PCI  PTSv7 certification. The SX5000 are the first self-service devices to meet this updated  certification, which boosts the security of payment terminals and other devices used for  processing payment card transactions at the point of interaction. This certification  specifically focuses on safeguarding against physical tampering and malware.

Monday, August 18, 2025 - 12:28
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Financial IT
PensionBee Petition Calling for a 10-Day Pension Switch Guarantee Attracts Over 2,000 Signatures in First Two Weeks

More than 2,000 people have backed PensionBee’s call for a 10-day pension switch guarantee in just two weeks since the petition launched to the public on 4 August.

Monday, August 18, 2025 - 12:20
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Financial IT
Acceleron and Braid Partner to Bring International Payment Automation to Community Financial Institutions and Drive Non-Interest Income

Acceleron, a leader in international payment automation and correspondent banking technology, announced today a new partnership with Braid, a modern banking core platform designed for community banks and credit unions.

Monday, August 18, 2025 - 12:17
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Financial IT
Fibank Successfully Places €50 Million Bond Issue

Fibank (First Investment Bank) has successfully placed a private bond issue with a total value of €50 million, fully compliant with MREL requirements. Although the Bank already meets all regulatory MREL standards, this issuance represents a strategic step that reinforces its stability, investor confidence, and ability to secure funding under competitive market conditions.

Monday, August 18, 2025 - 12:05
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Financial IT
Fraud to Cost Financial Institutions $58.3 Billion by 2030 Globally, as Synthetic Identities Threaten Fraud Tidal Wave

 A new study by Juniper Research, the foremost experts in fintech and payment markets, forecasts a 153% surge in fraud by 2030; rising from $23 billion in 2025 to $58.3 billion in 2030.

Monday, August 18, 2025 - 11:44
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Financial IT
Bank of Algeria Joins PAPSS Network, Accelerating Financial Integration in Africa as Algeria Prepares to Host IATF 2025

The Pan-African Payment and Settlement System (PAPSS) launched by African Export-Import Bank (Afreximbank) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, has officially welcomed the Bank of Algeria into its growing network. Algeria now becomes the 18th country of presence for PAPSS, marking a significant step in advancing Africa’s journey towards deeper financial integration.

Monday, August 18, 2025 - 11:19
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Financial IT
British Business Bank Agrees ENABLE Guarantee Transaction of up to £300m with Close Brothers

The British Business Bank has agreed a transaction of up to £300m with Close Brothers under the ENABLE Guarantees programme, unlocking significant additional lending capacity.

The transaction will support a portfolio within Close Brothers Asset Finance, covering hire purchase, sale and hire purchase back and leasing facilities. Asset finance plays an important role for UK smaller businesses, with the market reaching a record £23.5bn in 2024.

Monday, August 18, 2025 - 10:36
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Financial IT
PowerPay Announces $300 Million Partnership with Synovus Bank and Nearwater Capital

PowerPay, a leading fintech platform providing consumers with home improvement and patient finance, today announced the addition of Synovus Bank, a Georgia-based financial institution with $62 billion in a

Monday, August 18, 2025 - 10:33
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Financial IT
Gemini Files Registration Statement with SEC for Proposed Initial Public Offering

Gemini Space Station, Inc. ("Gemini"), a global crypto platform, today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined.

Monday, August 18, 2025 - 10:24
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Financial IT

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