iDenfy, a global RegTech startup offering automated identity verification and fraud prevention tools, announced a partnership with NomadRem, a Lithuania-based fintech company,  which offers quick money transfers, bill payments, and a variety of other financial solutions. iDenfy’s newly integrated ID verification and AML screening tools will ensure a fraud-free, compliant environment for NomanRem. 

Trulioo, a leading global identity verification platform, today announced new research revealing that 79% of responding organizations have experienced business identity theft, which involves defrauding, extorting or stealing money from a company.

RegTech Africa & Agpaytech has released a report on the State of Fintech and Regtech activities in Nigeria.

Indonesia’s digital lending giant, Investree, is on the brink of clinching a significant series D funding, amassing up to €220m ($230.8m) via the establishment of a new joint venture based in Doha.

Getpaid, a European payments startup for marketplaces and platforms, has raised $6 million in a seed funding round led by Nordic investor Inventure with participation from Picus Capital as well as high-profile business angels from the payment and marketplace industry.

Modern Treasury, the operating system for the new era of payments, has joined J.P. Morgan’s Payments Partner Network. This ecosystem of end-to-end payment solutions is designed to meet business needs at any scale.

Galileo Financial Technologies, LLC, a leading financial technology company owned and operated independently by SoFi Technologies, Inc., announced today that its Ga

Rainforest, a Payments-as-a-Service platform, has recently confirmed the successful completion of an $11.75m seed funding round.

The round saw significant involvement from esteemed backers including Accel, who took the lead, as well as support from Infinity Ventures, BoxGroup, The Fintech Fund, Tech Square Ventures, Ardent Venture Partners, and a host of strategic angel investors.

Pyrpose, the breakthrough climate finance platform which connects climate conscious consumers directly with climate innovators to reduce future carbon emissions, has opened to the public, readying for the launch of its MVP early next year. 

Since the explosion of generative AI earlier this year, enterprises have raced to roll out strategic plans for its adoption. 91% of businesses in a recent Colt study intend on adopting AI in some form – up from 33% since December 2022. Despite, or perhaps driven by, a tight regulatory environment, the financial industry is striding ahead with its adoption of AI to accelerate and enhance a diversity of business applications – and customers are set to benefit.