Promon, the leading provider of application shielding technology, responsible for uncovering the critical Android vulnerabilities StrandHogg and StrandHogg 2.0, has discovered a new threat to Android’s worldwide userbase.

Featurespace, the world leader in machine learning fraud and financial crime prevention technology, has secured funding from UK and US governments to build a new type of artificial intelligence (AI) system to help banks and payments service providers (PSPs) detect financial crime – whilst protecting data privacy.

TrueLayer, Europe’s leading open banking platform, today announced that social trading platform NAGA has implemented its platform to enhance the customer onboarding experience and provide closed-loop payments, initially in Germany, Spain, Ireland, Finland, France, Lithuania and the Netherlands.

Motive Partners ("Motive" or the "Firm"), a specialist private equity firm focused on building, backing and buying the technology companies that enable the financial economy, today announces that it has entered into an agreement to acquire embedded/capital GmbH ("embedded/capital"), a leading European venture capital platform focused on supporting the next wave of financial technology innovation, subject to customary closing conditions. The acquisition is expected to close at year-end.

Financial institutions are beginning to explore the next stage in the financial data revolution, Open Finance. 

Today, BaaS (Banking as a Service) fintech  Griffin announced that its sandbox environment has officially moved out of beta. Free, unlimited sandbox access is now available to all fintechs and brands that want to build a prototype or experiment on Griffin’s platform.

Today Finastra announced a collaboration with Fragmos Chain, a blockchain platform which digitalizes interactions between financial institutions, to provide Finastra customers with out-of-the-box integration with Finastra Summit, its over-the-counter (OTC) derivatives market solution.

Quant, the blockchain for finance pioneer, has partnered with UST, a leading digital transformation solutions company, to provide technical integration and tokenisation services to central and commercial banks and capital markets participants.

As the pound plummets, energy bills soar and the UK dips into recession, businesses across every sector are looking to their books to see where they can save. As executives pore over their invoices and expenses, there may be hidden or untapped opportunity in looking at their accounts receivable process.

ThetaRay, a leading provider of AI-powered transaction monitoring technology, today announced that Zeepay, a fast-growing Ghanian mobile financial services company, has selected ThetaRay’s advanced SONAR SaaS anti-money laundering solution to detect financial crime for its remittance transactions.

The agreement with Zeepay highlights ThetaRay’s expansion in the African payments market.