• New tagline of “Empowering Digital Payments” better reflects PAX values and evolution in product portfolio
• Move follows another strong year of international growth in 2020, which saw record-high revenues of USD 727 million

PAX Technology, the world’s preferred payment terminal solutions provider, has enhanced its brand image by unveiling the new slogan of “Empowering Digital Payments” to better reflect the changing nature of the group’s values and evolution in product lines.

Wealth8, the new digital wealth management platform with a full-service mobile app, is providing access to global investment funds and diversified funds from the largest global asset manager, BlackRock Asset Management. Their service is aimed primarily at the black & multi-ethnic community being largely the African diaspora in the UK.  The mobile app will also be made available to Africans living in major economies on the continent such as Nigeria, Ghana and Kenya, by next year.

Transact Payments Limited (TPL), provider of European BIN sponsorship and modular payment, debit, credit and prepaid services, reports 380% growth in settlement volumes (EUR €) from 2017/18 to 2020/21 across its expanding client base. Figures from the 12 months up to April 2021 alone highlight a leap of 75% in transactions settled.

ThreatMark, the provider of the most advanced online fraud prevention solution in the market, has completed a new $3M funding round led by Springtide Ventures, and also strengthened its executive leadership in order to continue expansion throughout Europe and North American markets.

Carbon footprint money management app CREED has launched after working with Brainpool.ai to develop the AI solution engine behind the app’s intelligence. CREED is a new secure open banking app that tracks spending and carbon footprint, helping users to understand the environmental impact from their spending habits and to get closer to being carbon neutral.

New research from NCC Group suggests that companies have struggled to pay off cyber debts accrued during the pandemic.

Digital transformation programmes could be vulnerable to cyber attacks due to increased risk tolerances and ongoing cyber security challenges, according to new global research of 500 cyber security decision makers by NCC Group.

Cynergy Bank lends a total of £317M in Coronavirus Business Interruption Loan Scheme (CBILS) loans

Cynergy Bank has successfully loaned over £317m to SMEs through the British Business Bank’s Coronavirus Business Interruption Loan Scheme (CBILS). Across 157 loans, 82 were for existing customers (£127.430m) and 75 to new clients (£189.661m) which supported businesses across the UK including many in the property, hospitality and healthcare sectors.

The crypto analytics and compliance business appoints Chief Operating Officer and Chief Product Officer following $60 million Series C funding announcement

The trade credit insurance ecosystem loses over a billion dollars annually due to process inefficiencies, lack of transparency, and human error. InBlock Digital Policy Management leverages blockchain technology, AI, and machine learning, allowing market participants to reduce risk, increase efficiency, and scale through automation.

Angela Merkel has not only secured her place in the history books, but her career encouraged many women to take the challenge in politics and in business.