AI Fintech Aveni.ai has announced one of the largest Series A investments in a Scottish business this year, amounting to £11 million.

In a significant move towards enhancing digital financial inclusion, Salaam Somali Bank, in collaboration with Mastercard, has announced the launch of a digital-first co-branded multi-currency prepaid card designed to revolutionize digital payment solutions. This strategic collaboration aims to cater to the growing needs of international travelers and diaspora communities by providing secure and convenient means of conducting digital payments globally.

Sumsub, a global full-cycle verification platform, has achieved multiple certifications for conforming to standards set by the European Telecommunications Standards Institute (ETSI). This milestone reflects Sumsub's commitment to meeting the stringent European technical standards for identity proofing and trust services.

Nexi, the European PayTech, signs an historic agreement with Payac Services CLG, a credit union owned payment services provider, to deliver SEPA Instant payments to all participating credit unions in the Republic of Ireland.

Aro, the UK’s go-to embedded finance partner for brands, has today announced its partnership with personal finance app, TotallyMoney to bring personalised credit matching capabilities to secured loan customers.

WorldFirst, a one-stop digital payment and financial services platform for global businesses, especially serving SMEs in international trade, has launched a function to enable real-time payment between holders of its flagship multicurrency business account World Account as WorldFirst continues to increase speed and efficiency of secure international business payment.

Mintos, a leading multi-asset platform offering a unique mix of alternative and traditional investment options, is delighted to announce the launch of its latest product in Spain: Mintos Smart Cash. This money market fund offering greatly adds to the loans, bonds, ETFs, and real estate already available on Mintos. 

Stripe is a comprehensive cloud-based payment platform designed to facilitate and manage online transactions seamlessly. It offers an end-to-end solution ideal for e-commerce or web-based businesses, focusing on processing online payments efficiently. At its core, Stripe features a robust payments engine that streamlines the movement of money in your business while integrating with applications to prevent fraud, manage revenue, and support global business growth.

Failing to tackle online fraud is increasingly damaging the brand reputation and the bottom line for thousands of businesses around the globe, new research reveals.