utu, a travel technology company transforming the customer experience in tax-free shopping, has closed a deal of US$33 million in combined transaction value. The deal comprises of an acquisition and a funding round, which consists of both a portion of new funding from SC Ventures, and the roll-over of earlier funding from Singapore-based investors who supported the company through the pandemic.

Feedzai, the world’s first RiskOps platform for financial risk management, has partnered with Portuguese bank Novo Banco S.A. (Novobanco) to further enhance the bank’s customer experience, improve its digital journey and provide best-in-class fraud protection. 

Half (49%) of organizations around the world had to deal with fake or modified physical identity documents in 2022, as Regula’s survey revealed. With this fraud always on the rise, Regula is reinforcing its solution for document verification with extra features, including all types of portrait verification.

Norwegian software vendor Commercial Banking Applications AS (CBA), today confirmed that the latest version of its IBAS GBF – Global Banking Factory solution – is successfully in production at all user banks, ensuring full compliance with the new SWIFT ISO 20022 message standard for cross-border payments and reporting (CBPR+).

NatWest, the UK’s number one commercial bank, and WWF, the world’s leading independent conservation organisation, have announced a new strategic partnership to support a sustainable transition for the UK food and agricultural sectors.  

Today, Saxo Bank announces its official designation as a Systemically Important Financial Institution (SIFI) by the Danish Financial Supervisory Authority (FSA). This significant milestone solidifies Saxo Bank's role in the financial system and reaffirms its commitment to being a trusted partner for clients, partners, and other stakeholders across markets.

Experian has today announced the launch of 4D Credit - a new suite of services designed to help lenders better manage their commercial lending portfolio and provide valuable support for small businesses as they look to battle economic uncertainty.  

The fast-growing Swedish mortgage company Borgo has announced the launch of a new deposit channel in collaboration with the financial advisor Lysa. This strategic partnership will enable Borgo to expand by adding another channel as a funding source.

Ivalua, a global leader in spend management, today announced that, after a comprehensive selection process, Hiscox, an international specialist insurer, has selected Ivalua’s full, Source-to-Pay (S2P) solution to digitalise its global procurement operations.

Image by Rowan Heuvel on Unsplash