GLMX Technologies LLC (“GLMX”), a comprehensive global technology solution for trading Money Market instruments, including repurchase agreements and securities lending transactions, yesterday eclipsed $1 Trillion in daily balances for the first time. These balances represent the trading activity of some of the largest global financial institutions which utilize GLMX technology to negotiate and execute securities financing transactions (SFTs).

Paymentology, the world’s first truly global issuer-processor, is today proud to announce its support of customer Tweeq, a leading Saudi Fintech, on being among the first in the Kingdom to achieve an e-money license from The Saudi Central Bank (SAMA).

Iain Armstrong, Regulatory Affairs Specialist at ComplyAdvantage:

Viva Capital Funding, LLC ("Viva"), a leading invoice factoring specialty finance company, today announced the closing of $85.0 million in two bank credit facilities; consisting of $45.0 million for factoring and $40.0 million for land banking. This transaction follows a successful $18.5 million investment-grade rated corporate note financing completed by the Company in June 2022. Proceeds from the new facilities will be used by Viva for general corporate purposes and to support the continued growth of the business. 

The fintech sector continues to grow at an astonishing rate. As one of the most dynamic and exciting industries on the planet, new fintech startups launch almost every day, and tech titans such as Amazon and Google are going all-in on the space.

CyVers is a leading provider of state-of-the-art proactive Web3 Security for the centralized, decentralized finance and smart contract applications via detection and interception of crypto attacks across blockchains. The company has announced $8 million in funding led by Elron Ventures. This funding is joined by Crescendo Venture Partners, Differential Ventures, HDI, Cyber Club London, and Cyber Future.

Sumsub, a global verification platform providing customizable KYC, KYB, transaction monitoring, and AML solutions for the whole customer journey, today published its second annual Identity Fraud Report, which identifies fraud trends and statistics based on millions of identity checks across 21 industries and over 500,000 fraud cases between 2021-2022.

Medius, a leading provider of AP Automation and wider spend management solutions, today announces the full integration of OnPay Solutions into the Medius platform, providing an end-to-end payments offering for customers in North America.

Cybercriminals stole almost £1.7 billion of crypto funds through cryptocurrency exploits in the first half of 2022 alone, according to data based on the numbers provided by Slowmist Hacked, which collects information about disclosed attacks against blockchain projects.

Tuum, the next-generation core banking platform, has today announced the appointment of Giorgio Daher as UK Sales Director. The appointment is part of the company’s wider strategy to support strong demand for Tuum’s technology in the UK , including the opening of a new office in London.