From August 2024, large banks in Switzerland shall be able to  process Instant Payments. The European Commission even goes one step further and wants to  make Instant Payments the "new normal" in the SEPA system. In addition to high availability,  "Instants" are to become cheaper, more trustworthy, and easier to process. Additional services,  such as the IBAN-name-check, to show discrepancies between the name of the payee and the  IBAN, should ensure fewer errors in transfers.

Darwinium, a next-generation digital security and fraud prevention platform, today announced it has raised $18 million in Series A financing led by U.S. Venture Partners (USVP), with participation from seed investors: Blackbird, Airtree Ventures and Accomplice.

MiFinity, a global leader in digital payment solutions, is proud to announce a new innovation in the way customers can sign up for its eWallet. As part of MiFinity’s ongoing mission to continually enhance user experience, the MiFinity eWallet now has a more streamlined sign-up process that not only simplifies the onboarding journey for customers but also raises the bar for industry-leading usability, accessibility, and security.

Nova Credit, the data analytics company enabling businesses to grow responsibly by harnessing alternative credit data, announced it raised $45 million in Series C funding.

Alwrite, a next-generation tech platform empowering insurance titans and intermediaries has raised Rs 10 crore in its seed funding round from a group of venture capitalist and angel investors. Alwrite is a B2B tech platform that enables insurance companies, brokers, agents, corporate agents and banks to accelerate the quote placement process to provide seamless insuring services and to offer the best insurance options to their corporate clients.

Roqqett, an Open Banking payments platform, will be launching at Open Banking Expo, 18^th October 2023. Roqqett’s solution, Roqqett Pay, significantly reduces the checkout time of online purchases, offers businesses instant gross settlements, with lower fees compared to card issuers, and allowing customers to pay using their banking app

Clearpay, a leader in Buy Now, Pay Later (BNPL), has today published research revealing that BNPL use is rising across all age groups, with 30% of British adults using the service to make at least one payment over the 12 months ending August 2023. BNPL was most popular among Millennials and Gen X, at 41% and 36% respectively.

Infront, a leading provider of wealth management solutions, is now offering a web-based solution for end customers of wealth managers in Germany and Switzerland. The Wealth Portal is a modern platform that allows banks and wealth managers to provide their clients online access to investment information, evaluations, and documents anytime, anywhere. The new web-based solution can be used seamlessly across both mobile devices and desktop.

Bud Financial (Bud), a leading AI-powered data intelligence platform for the financial services and banking industry, has appointed two new senior leaders to continue ramping up commercial growth and product innovation. Rachel Fairhurst joins the company as VP of Credit Risk & Client Success, and Jakub Piotrowski as VP of Product.