Verto, a London-based FCA-authorised Electronic Money Institution (EMI), launched USD accounts that see customer funds deposited held in protected accounts in accordance with Electronic Money Regulations 2011 (EMRs), which imposes safeguarding requirements to protect customer funds received for the provision of a payment service or e-money.

AccesBanque Madagascar, part of AccesHolding Group and one of the largest commercial banks in the country, has successfully migrated its ATM acquiring and card management businesses to Compass Plus Technologies’ processing centre. The move enables the bank to further expand its business offering and launch new products and services at pace.

eToro, an Israel-based trading platform, announced on Tuesday it raised $250 million after its plan to go public via SPAC fell through.

After calling off its plans to go public via a SPAC at a $10.4 billion valuation in 2022, trading platform eToro has secured $250 million in funding at a $3.5 billion valuation.

Norwegian business-to-business payments firm Two has raised €18 million in a Series A funding round led by Shine Capital and Antler.

Often, new technologies are lauded as the death of existing ones. This has been undoubtedly true in some areas. Think audio cassettes and CDs, Betamax and VHS, fax machines and email… and a host of other examples. Sometimes the market and product vendors can influence this decision but, mostly, consumers decide which technologies win based on the value they bring to their everyday lives.

Ebury, the global financial services firm, is delighted to announce that Tom Davies has been appointed Managing Director of the Middle East & Africa. 

Tom has been at Ebury for close to 12 years. Throughout his tenure, he has held various leadership roles most recently in Switzerland and the UK & Ireland where he was Country Manager and responsible for all commercial activity. He was made a Partner in 2014. 

Sibstar is the UK’s first debit card and app designed to help people living with dementia and their families to safely manage everyday spending.

SAP Fioneer, a leading global provider of financial services software solutions and platforms, has announced the launch of “Fioneer Embedded Finance as a Service” (EFaaS), the world’s first B2B embedded finance platform facilitating orchestration between SAP users and Financial Service Institutions (FSIs). The service allows FSIs to easily connect to SAP Enterprise resource planning (ERP) processes, enabling them to develop innovative embedded finance solutions tailored to the specific needs of their corporate clients in one centralised platform.

The international technology company Tools for Brokers (TFB) has announced the expansion of the FIX API emulator technology for simple and straightforward migration to the Trade Processor liquidity bridge. 

Provenir, a global leader in AI-powered data and decisioning software, today announced that Kees-Jan Koppenaal has been appointed General Manager, Northern Europe. Koppenaal will help to lead Provenir’s expansion in the region, responsible for directing and driving new business, building customer loyalty and supporting corporate strategies.