Many banks and financial service institutes today are looking to more digital strategies to stay relevant and competitive in today’s market.

Cyber Monks, a well-established managed security services distributor, has joined forces with Mastercard to launch the first cyber marketplace aiming to simplify the acquisition of cybersecurity solutions, ensuring that they are tailored to address the unique challenges faced by small and medium-sized enterprises.

iwoca, one of Europe’s largest SME lenders, today announces a new funding line with initial commitments of £200 million from Barclays and Värde Partners. 

BigPay, a leading Southeast Asian financial services app, has selected Thredd, a fast-growing ‘next-gen’ payments platform to power its payment capabilities, starting with BigPay’s upcoming expansion into Thailand, with Indonesia and the Philippines following in early 2024.

Leading payment platform Prommt has, today, announced adoption of its Pay by Bank solution has more than doubled, with businesses processing tens of millions per month through open banking across the UK and Ireland,

Protecht, leaders in risk and resilience software, today announces its Enterprise Risk Management (ERM) solution has been chosen by Target Group, an FCA-regulated business and provider of business process servicing and operational transformation for more than 30 top-tier financial institutions globally. 

TSB, the high-street bank, has chosen Superscript, the insurtech scale-up, to provide its small business banking customers with personalised, flexible business insurance. 

AutoRek, a leading software provider for the financial services sector, has been recognised at the Scottish Fintech Awards for the second year running.

The Glasgow-headquartered company took home the RegTech Innovation award at the ceremony, which was held at Dynamic Earth in Edinburgh on Thursday, 12 October.