Finastra’s annual global survey reveals that, despite economic constraints, financial institutions globally continue to invest in artificial intelligence (AI), Banking as a Service (BaaS) and embedded finance. 

The first GCC Finance Summit opens tomorrow, Monday 28 November, at Le Méridien Dubai Hotel & Conference Centre, Dubai. Under the theme 'Enabling for Future: Technology & Sustainability'. This landmark event convenes finance professionals, investors, board members, and regulators to explore the dynamic intersection of technology and sustainability shaping the financial landscape.

Collctiv will leverage Ryft's expertise to facilitate the creation of their money pots for users, simplifying the money collection process for organisers of group gifts and activities. The new arrangement provides a multitude of additional benefits for Collctiv, such as reduced fees and increased payment flexibility.

UK Finance and global management consultancy Oliver Wyman today released their report on the use of AI in financial services (FS), and the future opportunities and risks for the sector. It includes a snapshot survey of 23 companies ranging from international to mid-size banks and non-banking FS firms.

iDenfy, a Lithuania-based RegTech company offering identity verification and fraud prevention tools, announced a new partnership with ByNoGame, a Turkey-based online marketplace business, providing its customers with a fast and secure way to sell and buy gaming products. iDenfy’s ID verification solution will ensure that all platform users have access to a safe marketplace by eliminating fraud in real-time through a quick onboarding process.

DXC Technology, a leading Fortune 500 global technology services provider, will support Polish Payment Standard (PSP) in the expansion of its mobile payment system, BLIK, into Romania and Slovakia.

Volante Technologies, the global leader in cloud payments modernization, today announced the general availability of the latest version of the Volante Experience™.

ID Finance, a prominent FinTech company, has achieved a significant milestone by securing a €12m credit line from a listed bank.

The financing agreement is set to bolster ID Finance’s consumer lending operations in Spain, where it has already established a strong presence with over two million unique registered users. This move is expected to solidify ID Finance’s standing as the top alternative lending brand in the Spanish market.

Gala Technology, a leading innovator in secure payment solutions, is proud to announce a groundbreaking development in digital transactions. In a strategic partnership with Worldpay, Gala Technology has successfully integrated SOTpay with Apple Pay and Google Pay, heralding a new era in payment convenience and security.

The Isle of Man has launched its biggest-ever Innovation Challenge to develop solutions that tackle key issues in FinTech, Cleantech, and Artificial Intelligence.

Participating businesses from around the world will develop and test creative technology-based solutions to address challenges faced by companies in the Island and globally.