TerraPay, a leading global cross-border payments network company, and Diamond Trust Bank Uganda (DTBU), a prominent member of the Diamond Trust Bank Group, today, announced a strategic partnership to expand international money transfers and strengthen financial inclusion in Uganda. Together, both firms will deliver unparalleled benefits to customers worldwide.

The rise of fraud in the United States continues apace, costing a huge $159 billion in one year alone, according to new research released today by Feedzai in partnership with the Global Anti-Scam Alliance (GASA). 

Visa, a world leader in payments, today announced the opening of its transformed Singapore Innovation Center, a dedicated space for partners, clients, and businesses in Asia Pacific. As the payments landscape evolves rapidly, the center enables stakeholders to engage with Visa technologists to co-create payments solutions ahead of demand, deliver scalable innovation, and address the biggest challenges and opportunities in digital payments in the region.  

Bottomline, a global leader in business payments, launched enhancements to its technology to help banks and non-banking financial institutions monitor, detect, and prevent fraud from happening inside the business. The enhanced solution supports organizations to better use data visualizations, threat profiles, and advanced case management strategies in fighting insider fraud. 

Smartflow Payments Limited (brand name Sends) got the PCI DSS (Payment Card Industry Data Security Standard) certification, which is vital for secure payment processing. Smartflow offers financial solutions such as Internet acquiring and multicurrency business accounts, so it must comply with data security policies and procedures.

Zūm Rails, the all-in-one payments gateway that merges open banking with instant payments, today announced the close of a $10.5 million CAD Series A funding round. The round was led by Arthur Ventures, a Minneapolis-based growth equity firm that specializes in B2B software.

Most startup funding trends come to the global market from the US and UK. The syndication investment model is no exception. Financial technology expert Sergey Kondratenko notes that in global practice, syndication investing is a strategy in which investors pool their resources to make a joint investment. Here, both venture capitalists and business angels can act as investors. Moreover, they can invest at different stages, and not simultaneously. 

spektr, a Copenhagen-based fintech company, has raised €5 million in a seed round led by Northzone, Seedcamp, and PreSeed Ventures, enabling them to introduce advanced automation to compliance teams worldwide.

VC Innovations, a leading marketing services agency with a global community of over 200,000 digital transformation leaders from across financial services, fintech, and a broad range of non-financial brands, has announced the launch of FTT Payments in London.