The UK’s energy supply could require more than £900 billion in capital expenditure to achieve net zero by 20501, opening up a significant opportunity for public and private capital in enabling a successful transition, according to a new report published by NatWest and Boston Consulting Group (BCG) today.

ArmorCode, known for its innovative approach to software security, has successfully closed a preemptive Series B funding round.

This latest injection of $40m, led by HighlandX, elevates ArmorCode’s total funding to an impressive $65m.

UK fintech and insurer, Ripe, has expanded its product portfolio with the launch of motorhomes and campervans insurance. Ripe, is using its proprietary technology and ‘build your own policy’ model to deliver quotes in less than 120 seconds, faster than the time it takes to go from 0-60 mph in your typical motorhome.

With this new area of cover, Ripe is building on its success insuring static and touring caravans and the business now has over 350,000 policyholders.

Airwallex today shared data on the impact of a new generative AI tool that enhances the speed and efficacy of its “Know your Customer” (KYC) and onboarding processes. The new tool reduces ‘false positives’ by 50 percent on average, while boosting the number of customers that pass through the onboarding process without human intervention by 20 percent.1 

Citi Treasury and Trade Solutions (TTS), within Citi’s Services organisation, has made an investment in 

Nucleus365 – the unified platform for payment processing and reconciliation – has today announced its partnership with the world’s leading B2B payments infrastructure-as-a-service provider, TransferMate. The strategic partnership will allow Nucleus365 customers to expand their cross-border payments offering and enhance their overall global payments experience.

Issuer processing powerhouse Enfuce, today announces it is expanding its partnership with Visa with the launch of Visa's cutting-edge mobility card solution, the 'Visa Fleet 2.0.'

Digital Prime Brokerage GCEX (GCEX Group), a regulated digital brokerage that enables brokers, funds and professional traders to access deep liquidity has announced the release of effortless crypto-fiat conversions on any device with an intuitive interface – XplorSpot Lite.

PayU GPO, the leading online payment service provider operating in over 30+ emerging markets, today releases new data on Black Friday’s impact on emerging markets’ e-commerce landscapes.  

The annual e-commerce event generated enormous sales volumes across Latin America, Central and Eastern Europe and Africa, demonstrating these regions’ value to international retailers.  

At a time of year when many households feel a festive squeeze on their finances, the FCA’s latest research highlights that many borrow to cover the cost of Christmas, and the increased risk that loan fraudsters pose to families.