Fintech is alive and well in Hungary.

Before and at the huge Money20/20 Europe conference that took place in Amsterdam on 6-8 June, 2023, foreign fintech companies told me that they were working with major Hungarian banks.

Various sources – including Mafisz, the local trade association - indicate that there are dozens of fintech companies based in and near Budapest.

With large amounts of financial data and information being processed at the start of a new tax year, businesses are particularly vulnerable to cyber-attacks.

Scammers are adept at taking advantage of underprepared systems, and with tax-related criminal activity on the rise, cyber security for businesses need continued attention to ensure appropriate risk management is in line with the latest regulatory changes. So how can businesses be prepared?  

Arcesium, a leading global financial technology firm, and Confluence, a leading global technology solutions provider for the investment management industry, today announced a partnership to deliver an integrated data management and analytics solution for middle/back-office operations for asset managers, built to bring workflow efficiency in performance, risk, and regulatory reporting.

Jet HR is the new - all-Italian - startup based on an idea by Marco Ogliengo, former founder of a successful tech company he exited in 2021, and Francesco Scalambrino, a top manager who was responsible for the software in 'unicorn' companies. Both, in their careers, have experienced the difficulties of bureaucratic personnel management and, knowing the potential of technology, decided to solve the problem.

Colt Technology Services (Colt) the digital infrastructure company, today announced the expansion of its Colt Intelligent Communication services (CIC) portfolio to meet growing demand from customers requiring agile, cloud-based global voice solutions.

The Fintech & Payments Advisory Network (TFPA), an international consultancy launched by proven fintech veterans, has entered into a strategic partnership with Chez Fintech, a board-level advisory firm for economic regulators, blue-chip investment firms and businesses undergoing digital transformation.

utu, a travel technology company transforming the customer experience in tax-free shopping, has closed a deal of US$33 million in combined transaction value. The deal comprises of an acquisition and a funding round, which consists of both a portion of new funding from SC Ventures, and the roll-over of earlier funding from Singapore-based investors who supported the company through the pandemic.

Feedzai, the world’s first RiskOps platform for financial risk management, has partnered with Portuguese bank Novo Banco S.A. (Novobanco) to further enhance the bank’s customer experience, improve its digital journey and provide best-in-class fraud protection. 

Half (49%) of organizations around the world had to deal with fake or modified physical identity documents in 2022, as Regula’s survey revealed. With this fraud always on the rise, Regula is reinforcing its solution for document verification with extra features, including all types of portrait verification.