UK banks have been criticised for failing to tackle issues with their risk management systems, despite regular messaging.

The Prudential Regulation Authority (PRA), the regulatory arm of the Bank of England responsible for prudential regulation and supervision of banks, set out its priorities for 2023 in a letter to chief executives of institutions.

Bybit, the world’s third most visited crypto exchange, has announced a partnership with Copper.co, a leading provider of institutional digital asset custody and trading solutions, to offer custodial and settlement services for Bybit’s institutional clients via Copper’s market-leading ClearLoop service. Subject to contract, Bybit expects to integrate into the ClearLoop service in Q1 2023.

As per a recent industry report put forward by Global Market Insights, Inc. Digital Lending Platform Market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of USD 59 billion by 2032 with a projected CAGR of 20.5% over 2023-2032.

PayPoint today announces a new partnership with Funding Circle that will see the UK’s largest small business lending platform now provide funding access to PayPoint’s network of 28,000 UK retailer partners.

Open banking has been a game-changer for the financial industry since its introduction five years ago.

The concept of allowing customers to share their financial data with third-party providers opened a host of new possibilities for financial services and products. However, the industry is now moving beyond this to the next stages of development: open finance and open data.

Pioneering issuer processing powerhouse, Enfuce, today announces a new partnership with Orka Ventures, the Nordic-Czech fintech holding company, to launch Orka Card, a new consumer lending card and mobile app that challenges the traditional understanding of ‘Buy Now Pay

Award-winning Swiss FinTech NetGuardians, renowned for its enterprise risk platform for combatting financial fraud, has announced that Switzerland’s leading payment app TWINT has selected its software as part of an enhanced fraud prevention program. 

NetGuardians software detects anomalous payments through its innovative behavioural analytics, machine learning, and artificial intelligence. The software monitors all of TWINT’s payment transactions in real-time and provides a risk score through profiling. 

Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, announces today the acquisition of Pacific Fund Systems (“PFS”), a leading global fund administration software business, from co-founders and Pollen Street Capital.

This acquisition follows Apex Group’s longstanding partnership with PFS through the use of PFS-PAXUS and will expand use of the technology platform to enhance the delivery of timely, accurate and independent portfolio accounting, fund and investor reporting.

Shieldpay, the market leader in solving complex B2B payments, has today announced the recent appointment of Isabel Pitt as Product Director. Isabel will lead the Product team under the recently appointed CTPO Andrew Hawkins and will further develop the company’s product offerings in line with its next stage of innovation and growth.

Financial technology company T-Scape today announced that Loomis,  Sayles & Company has signed a new 5-year agreement for its corporate action solution iActs. It coincides with another of T-Scape’s clients, Western Asset Management, also signing a new 5-year deal.