Finzly, a leader in innovative payment and financial solutions, announced that Live Oak Bank has successfully enhanced its commercial and small business banking services by implementing Finzly's Fedwire solution, achieving 100% straight-through processing (STP). This strategic move not only streamlines payment processing but also positions the bank to meet the upcoming ISO 20022 compliance requirements ahead of schedule.

More than a third (38%) of finance brokers say lower taxes are needed to boost SME growth this year, according to iwoca’s latest SME Expert Index. This is double the next choice of reforming business rates (19%).

Economic worries

TMX VettaFi, an indexing, digital distribution, analytics and  thought leadership company and TMX Group subsidiary, announced today the acquisition of  Credit Suisse’s Bond Indices from UBS, strengthening its fixed income index capabilities.  

Financial institutions are facing a significant increase in deepfake fraud attempts, which have grown by 2137% in the last three years, according to data from Signicat's The Battle Against AI-Driven Identity Fraud report. As deepfakes become more advanced, businesses across all industries must reconsider their security strategies to address one of the most serious forms of identity fraud in today's landscape. 

CellPoint Digital, the leading provider of payment solutions to the airline industry and a global pioneer of Payment Orchestration, today announced a new partnership with Air Europa, a member of the SkyTeam Alliance.

The latest European Payment Study by management and technology consultancy BearingPoint reveals significant shifts in payment behavior across nine European countries. While cash usage continues to dominate transactions in German-speaking countries, it is steadily declining across the continent. In Germany, Austria, and Switzerland cash remains the most frequently used payment method, accounting for 69%, 73% and 57% of transactions, respectively.

GCEX (GCEX Group) a leading provider of digital assets, foreign exchange solutions and trading technology has launched XplorAllocate,  a multi-asset tool designed to help fund managers and professional traders allocate trades more efficiently, accurately, and transparently across crypto spot, crypto derivatives, forex CFDs, and traditional financial products.

Global smart card and technology platform company KONA I, has obtained the Letter of Approval from Mastercard for biometric plastic (PVC) payment cards built on the IDEX Pay platform, allowing the issuance and deployment of biometric cards globally.

FNZ, the leading end-to-end global wealth management platform, is pleased to announce the appointment of Aashish Kamat as Group Chief Financial Officer (CFO) and member of the Executive Committee.

Aashish brings over 32 years of extensive experience in banking and financial services, private equity and public accounting. Between 2019-2021, he was Co-Managing Partner at L Catterton’s GCC Asia Growth Fund, and a Senior Partner in the Singapore Office.