René Lange will start as Vice President of Business Development at the direct bank SWK Bank, Bingen is Rhein, on July 1. In this newly created role, Lange will be responsible for developing and expanding sales of SWK Bank's Banking as a Service offering. Lange comes from Berlin-based Hypoport SE, a network of technology companies for the credit, real estate and insurance industries.

For e-commerce sites, hackers and cyberattacks will always be a risk to the job. For thieves and their technical know-how, e-commerce sites are gold mines of personal and financial data. In addition to this, for businesses of all sizes, the cost of a breach both in loss of data and customer trust can be hugely damaging.

As inflation and living costs hit record levels across the globe, people are calling on their banks to better support them through the cost-of-living crisis.

SambaNova Systems, the company delivering the industry’s only comprehensive software, hardware, and solutions platform to run AI and Deep Learning applications, today announces the results of new research into AI adoption within financial services organisations in the UK. The study of enterprise leaders sought to understand the challenges when delivering AI-based solutions during a period of accelerated change and transformation.

The Dubai Financial Services Authority (DFSA) withdrew the Authorised Individual status and imposed a restriction on Trevor Conway, a Senior Executive Officer at a DFSA-authorised firm (Firm), following an investigation into his conduct in relation to the Firm’s Commodity Murabaha Broking Desk (the Desk).

Kenswitch, the leading Payments Service Provider (PSP) in Kenya, has appointed Karimi Ithau as its new managing director, replacing George Wainaina who left a few months ago. Ithau previously served as the head of the sales network at Interswitch for the last five years prior to the new role.

Transact365, a UK-based global payments platform powering merchants across the globe, has recorded 300% year-on-year growth in its third year of European operation. 

Founded in 2017, Transact365 offers a global payments solution platform for merchants across the world in leading industries. Headquartered in London, Transact365 now works with over 800 merchants to access e-commerce opportunities in five continents through local payment processing solutions. 

NatWest has today announced the launch of its Carbon Planner, a free-to-use digital platform designed to help UK businesses manage their future fuel and operational costs, and reduce their carbon footprint to help them go and grow greener.

Zilch, the London-based double unicorn, today announced it has secured an additional $50m in funding, taking the total raise for its Series C to $160m. The extension brings Zilch’s total funding to more than $460m in debt and equity and sees the fintech company maintain its valuation.
 

Analysis from leading global management consulting firm Kearney has found that 21% of Europeans in 2022 never visit a bank branch and carry out their banking remotely – a figure that almost doubled in the pandemic, rising from 12% in 2019.