MediConCen Limited, an Insurtech company that automates insurance claims using AI and blockchain, announced that it has raised USD 6.85 million in its latest Series A round. HSBC Asset Management leads the new funding and has also received support from existing investors including G&M Capital, ParticleX, and new investor Wings Capital Ventures.

Instant payments allow users to transfer funds in a matter of seconds. The convenience and transparency that this allows businesses to provide have led to growing adoption as users demand a seamless payment experience. 75% of small and medium-sized businesses that use a platform or marketplace to run their business have voiced their desire for same-day settlement or faster.

Today Mastercard announced it is joining with the U.S. Department of Commerce to help establish the U.S. AI Safety Institute Consortium (AISIC), which will focus on creating new, trustworthy AI standards.

Revenued, a leading fintech that helps small businesses simplify the process of managing business finances, today announced the company's first neobank partnership with 

Alba Bank (Alba) has announced that Rod Ashley is stepping down from his role after 6 years in post.

Jonathan Thompson will assume the role of acting CEO to lead the business over the next critical phase, bringing with him extensive start-up and SME banking experience. Dominic Wade also joins the firm as Chief Financial Officer. He joins from Unity Trust Bank, where he held the same role.

Navro – the pioneering fintech firm formerly known as Paytrix that simplifies global payments for international businesses – today confirms that it has been authorised by the Central Bank of Ireland as an Electronic Money Institution (EMI). Under the terms of the licence, fast-growth businesses with international ambitions can benefit from Navro’s global payments curation services under the protection of European Union regulation. 

NatWest has become the first UK bank to be named as a supplier of the Crown Commercial Service’s (CCS) new Dynamic Purchasing System (DPS) for Open Banking services. This DPS will be accessible by all public sector entities in the UK including central government, local authorities, NHS, police, education providers, devolved administrations, and charities.

Intellect Global Consumer Banking (iGCB), the consumer banking arm of Intellect Design Arena Limited, announces that VakifBank International AG, part of Türkiye Vakiflar Bankasi T.A.O has selected iGCB’s platforms

Bahrain Commercial Facilities Company (BCFC), in a strategic partnership with Mastercard, is set to transform Bahrain’s commercial payments landscape with the introduction of its Commercial Cards Program for companies, corporations, and small and medium-sized businesses.