Onfido, the global automated identity verification provider, today announced the findings of its 2024 Identity Fraud Report and unveiled its Fraud Lab. The report points to the increasing availability of simple-to-use AI tools as the reason for a 31X increase in deepfakes and a 5X increase in digitally forged identities, making it easier for criminals to carry out sophisticated attacks. Onfido’s Fraud Lab has been launched as a response to these trends.

Viamericas Corporation, an international, licensed remittance company, has joined as a founding member of the new Financial Inclusion Consortium for Central American Remittances (FICCAR) launched by the Partnership for Central America (PCA) to support the mission of increasing financial inclusion for people in Central America. As part of the consortium, Viamericas is pledging to increase the number of remittances sent directly to bank accounts by 20% over the next five years.

UK-based FinTech Stubben Edge Group is pleased to announce the launch of the Small Business Pro (SB Pro) platform delivered by the company’s market-leading business title, smallbusiness.co.uk.  

Rho Labs, a builder of Rho Protocol, an on-chain, non-custodial interest rate futures and swaps market, today announces a successful raise of $2.2M in a pre-seed round, led by Speedinvest. Investors in the round included Keyrock, Re7 Capital, Daedalus Collective, and Dmitry Tokarev, CEO of Copper.co, among others. 

New research released by Tink, the market leader in open banking, uncovers that investment pots have proved to be a financial ‘safety net’ for armchair investors during challenging economic times. This suggests a shift in investing behaviours from long-term ‘set and forget’ portfolios, to needing instant cash to mitigate rising living costs. 

More than two-thirds of regulated firms (70%) do not always complete essential identity checks when taking on new individual customers, new survey data can reveal.

Temenos  today announced a collaboration with Gprnt, a new integrated digital platform launched by the Monetary Authority of Singapore (MAS), to cooperate on technology solutions, explore data integration and foster product development innovation capable of powering the future of sustainable finance.

Bling, Europe's first Family FinTech, is reinventing traditional retail banking for families. The launch of Family+ and Parent Card marks the transformation of Bling into a family finance platform for the whole family. Bling’s goal is to provide all family members access to its platform and comprehensive support for their financial needs.