Muinmos has appointed Mohamed Mortada as Sales Manager and Jesus Sanchez as Senior Product Manager. The appointments have been fuelled by increasing demand from brokers and banks globally for Muinmos’ complete, automated client onboarding solution.

A new piece of research has today found that, on average, UK holiday goers are losing on average over £35 every trip on ATM and bank card transaction fees. With many setting off in search of some summer sunshine over the coming months - Caxton, the leading payment solutions provider- is today launching its ‘Summer Holiday Spend & Save factsheet’, urging Brits to spend smarter when abroad this Summer and consider using a currency card to avoid unnecessary charges.

TapestryX, a layer-one blockchain solution, has achieved the venerated distinction of being rated as a Trusted Blockchain Solution for Banking, Financial Services, and other industries. The Government Blockchain Association (GBA) conducted the evaluation using the highly regarded Blockchain Maturity Model (BMM) and the Banking & Financial Services Supplement.

South Korea-based money transfer operator (MTO)  E9pay has partnered with Currencycloud, the experts simplifying business in a multi-currency world, to launch its “E9pay Collection Service” which will enable Korea-based merchants, SMEs, e-commerce players and exporters to quickly send and collect funds worldwide, starting with the US. 

Boost.ai, the leading conversational AI platform, today announced that its internal virtual agent for DNB, a leading Nordic bank, has answered over 2 million inquiries in 2022, equating to assisting roughly 1,200 users daily. The internal virtual agent, ‘Juno’, is just one of five virtual agents operating across customer and employee-facing use cases at DNB.

United State Bank has partnered with digital banking provider, Bankjoy to deliver a world-class online and mobile banking experience for its account holders.

Paysend, the global card-to-card transfer pioneer and global payments platform, has appointed ex Ernst & Young auditor and American Express executive, Yuri Biondo as Chief Financial Officer for the Group’s US business.

Lightico, market-leading provider of digital customer interactions, today announced its acquisition of Europe’s leading customer experience technology provider, Vizolution, which positions the joint company as the global leader in B2B2C Digital Completion for the financial services and telecom industries. With a robust, combined platform, the company enables businesses to fully engage remotely with their customers through any channel in an automated and mobile-first manner.

As businesses continue to endure tough trading conditions in a challenging UK economy, finding new pathways to growth is essential. If businesses are to thrive and not just survive, they must address fundamental factors that drive growth – including the effective management of cash flow.

The problem: poor cash flow management

Approximately three billion payment cards are issued every year globally - but this was not achieved overnight. When chip and pin was introduced in 1985, it took 18 years before one billion cards were issued annually. Contactless – the next tech advancement – took just eight years to achieve the same volume when the solution came to market in 2007.