Global identity verification provider ID-Pal has been selected by GRENKE Invoice Finance (UK)  to deliver simple, secure and convenient identity verification for their customers. 

From May 23rd, it is possible to order Conotoxia Starter with "Spider-Man: Across the Spider-Verse" themed card in the fintech eStore. Once registered, it becomes a multi-currency payment card.

IDEX Biometrics expands its presence in Asia by partnering with DoelPay, an innovative payments solution provider, to tap into the burgeoning market for biometric cards in Bangladesh. Working closely with three of the largest banks in Bangladesh, Doelpay expects these banks to offer biometric payment cards to their consumers by the fourth quarter of this year.

Tyme, one of the fastest-growing digital banking groups in the world, has successfully raised $77.8m from Norrsken22 and Blue Earth Capital. The two new investors have come on board as part of its pre-Series C capital raise. This comes as the group’s South African flagship, TymeBank, celebrates its 7 million customer milestone this month (12 May 2023). 

Cryptocurrency has gained attention in recent years due to its associated risks in trading. UK lawmakers have resultantly suggested that trading cryptocurrency is actually comparable to gambling. They moreover stated that they have ‘no intrinsic value’, a statement that has been heavily criticised across the cryptocurrency industry. 

The UK must be cautious when introducing strict cryptocurrency regulation and consider the effects on the industry as a whole, says Lanistar

New research commissioned by Snowflake, the Data Cloud company, has found that the worlds’ leading financial firms are increasing their urgency to move towards the cloud in order to strengthen cybersecurity (50.5%), fraud detection (38.6%) and claims management (33.8%).

Lumon Pay, the fast-growing overseas payments and currency exchange platform has announced Vic Darvey as its new Chief Executive Officer [subject to regulatory approval].

Vic joins Lumon following a successful career at a number of leading technology-focused, disruptive brands, bringing with him a wealth of industry experience and knowledge.

The global COVID-19 pandemic has accelerated the trend of working remotely, which also inspired people worldwide to search for new destinations to work and travel. Being citizens of a wide range of countries, worker travellers become customers of financial institutions at their current locations.