MANSA, a global fintech innovator in cross-border payments, has announced the successful close of its $10 million funding round. This marks a significant milestone for the company in its mission to alleviate liquidity challenges for payment companies worldwide. MANSA's stablecoin-based solution offers payment providers in emerging and mature markets a flexible and reliable way to manage liquidity challenges in cross-border payments.

Adopting predictive AI in investment management can be a transformative move for portfolio strategies, albeit one surrounded by hurdles. Despite these challenges, the potential benefits make it a pursuit worth undertaking. Key obstacles include inconsistent or poor data quality, a shortage of in-house AI expertise, and a general unease with the “black box” nature of AI-driven models.

Canadians are divided in embracing evolving technologies that have the potential to change our shopping experiences along with how we pay and get paid.

Concerns around security, lack of familiarity and a sense of contentment with existing payment and shopping experience technologies impact the appeal of newer innovations. This concern surrounds current and potential innovations like generative artificial intelligence (GenAI), social commerce and pay-by-bank reveals a new study from Payments Canada.

Lili, the financial platform designed for small business owners, today announced the launch of international wire payments in 27 countries, empowering small business owners to grow beyond borders. 

With a new segment on its digital investment platform, Scalable Capital is setting new standards for investors: Soon, suitable investors in Germany will get access to alternative investments such as private equity. Through the Scalable Broker, they will be able to invest in companies that are not listed on stock exchanges for the first time. Until now, benefiting from this additional return and diversification potential has been primarily reserved for professional investors.

The Catalan Data Protection Authority is organising a panel of experts at the Mobile World Congress to promote ethical and human-friendly artificial intelligence based on the provisions of the AI Act and the General Data Protection Regulation. The APDCAT will have a permanent space to resolve doubts and advise the public and the emerging companies and entrepreneurs present.

Trading and investing platform eToro, announced it has achieved SOC 2 Type II compliance certification, demonstrating a strong commitment to operational excellence throughout its cryptoasset custody operations.

Mastercard and Tamara, one of the leading fintech platform in the GCC for shopping, payments, and banking, are collaborating to launch a new virtual card in the UAE to strengthen the split payment ecosystem.

LexisNexis® Risk Solutions, part of RELX, closed its acquisition of IDVerse™, a provider of AI-powered document authentication and fraud detection solutions. IDVerse is now part of the Business Services segment of LexisNexis Risk Solutions and will continue to be available within its LexisNexis® RiskNarrative® platform, LexisNexis® IDU®, and will be offered within its LexisNexis® Dynamic Decision Platform® as a stand-alone solution later this year.