New research from RedCompass Labs, a world leader in payments modernization, has revealed that over half (54%) of banks are planning to leverage generative artificial intelligence (AI) for the shift to instant payments and other payments modernization projects, while four in ten (42%) are actively considering the possibility.

UK consumers have some of the worst trust levels in banks and financial providers when it comes to keeping their data safe, significantly lower than in Europe and the US.

The new findings from CRIF, Europe’s leading provider of consumer and business credit information, reveal that just 53% of Brits trust their bank or provider to look after their data.

PastPay, a provider of B2B payment solutions, has announced a €12 million Series A funding round led by Platina Capital in collaboration with several leading financial institutions and high-profile private investors. PastPay’s mission is to provide innovative B2B payment solutions, enabling flexible payment terms for business transactions.

YUP, the credit payment platform established by Singaporean startup Finture, has successfully raised US$30 million in its Series B funding round. The round was led by Hong Kong-based venture capital firm MindWorks Capital, with participation from XVC, SWC Global, Richen Pioneer, and Antao Capital. The funds will support market expansion in Southeast Asia and preparation for acquiring a banking license in Indonesia.
 

Redgate recently published the 2024 State of the Database Landscape report, which explores how the challenges for data professionals now encompass a lot more than managing and monitoring their database estates for high availability and optimum performance. Database DevOps, multiple database platforms, the cloud, AI, and making data available for development and testing have now also become part of the daily conversation.

PayPal Holdings Inc. today announced an expansion of its global strategic partnership with Shopify Inc. in the U.S. PayPal will become an additional online credit and debit card processor for Shopify Payments through PayPal Complete Payments, a solution for marketplaces and platforms comprised of flexible and powerful developer tools.

TrueLayer, Europe’s leading open banking payments network, today announces an expansion to its partnership with Stripe.

 A new study from Payments Canada reveals that Canadian businesses have a higher rate of payment fraud compared to Canadian consumers at 20% versus 13%, respectively, although the types of fraud were similar for both segments. Impersonator fraud, originating from a phone call, message or email that appears to be from a trusted business source (25%), intercepted business e-Transfers (22%) and credit card fraud (20%) were the most common types of fraud. The amount lost was $3,000 or less for the majority of these businesses (63%).