MoneyyApp, a Fintech platform empowering small businesses, digital native solopreneurs and creators in India, has raised an undisclosed amount in pre-seed round from AngelList Early Stage Quant Fund.

MoneyApp would use the funds to expand its operations, increase product development and create awareness around the app to get more creators and solopreneurs into its network.

We will see a reduction in single-use fintech offerings?

Innovation in the fintech and payments space next year won’t be stalled by recession. Quite the contrary. In fact, with more merchants and shoppers looking to financial and payments technology for additional convenience, support and security amid testing times, demand for new payment products and solutions will increase exponentially. This level of demand necessitates sustained investment in the space to build upon the success of the past year, and with this we will see greater investment from Big Tech. 

DivideBuy, the leading UK Point of Sale (POS) finance pioneer, has today revealed continued sales success for Black Friday 2022 following a strong 2021, with an increase in gross sales and a 12.8% increase in gross merchant value from previous years.

Tempo France, a Paris-based money transfer company, has partnered up with Sumsub, a global all-in-one verification platform to effectively verify users, secure customer data processing and comply with the latest KYC/AML regulations.

The British Business Bank has appointed Eilish Jamieson and Matthew Elderfield as Non-executive Directors (NEDs) to the board of British Business Bank plc, effective from 21 and 22 November 2022 respectively.

Eilish Jamieson is an experienced Audit and Finance Professional with over 25 years' experience working in financial services, and more recently serving on public and private sector boards.

Payment technology company Tribe Payments has today announced it has been selected by mobile payment platform PayNice to provide risk monitoring solutions. Tribe’s Risk Monitor tool is designed to take in every individual data point of a transaction allowing PayNice to make risk-based decisions in real-time, right down to individual transaction level.

2022 has been a year of celebration and success at Clausematch. The year marked 10 years in business for our company, a milestone in such a young and growing industry. In 2022, Clausematch was instrumental in growth in compliance and policy management in numerous highly-regulated businesses across financial services and beyond. Most recently, Clausematch was named to RegTech Analyst’s 2023 RegTech100 list. As the end of the year approaches, we are taking stock in some key moments of 2022.

The 10th annual Regulatory & Risk Management Indicator survey, complied by Wolters Kluwer Compliance Solutions, has revealed regulatory change management as a key challenge for US banks.

These lenders are urged to implement suitable financial technology-enabled regulatory change programs to help alleviate the impact of such pressures, according to Wolters Kluwer.

AlHuda Centre of Islamic Banking and Economics, a leading name in Islamic finance industry for institutional set-up, capacity building, and global networking is going to organize an exposure visit for Takaful industry in the hub of Islamic finance industry Malaysia.