Financial IT catches up with David Larsson, CEO of Sileon at MoneyLIVE Summit 2023

42Flows.Tech, a software engineering company, and Sumsub, an all-in-one verification platform, today announced their strategic partnership to provide trustworthy, end-to-end solutions for identity verification, transaction monitoring and AML screening in fintech, e-commerce, and many other industries.

UK consumers are embracing alternative payment offerings including digital wallets as they look to better manage their finances amidst the cost of living crisis, according to a new report released today from global financial technology leader FIS^®.

Jack Henry™, today announced that its LoanVantage solution has been selected as the winner of the "Best Loan Origination Platform" award in the 7th annual FinTech Breakthrough Awards program.

Nucleus365, a UK-based payment institution offering a centralised platform for global payment processing, FX, and connected banking, has today announced the availability of a new bulk uploads feature that will enable all of its global merchants to make large volume payments to businesses or individuals through one efficient online form.

Ria Money Transfer, a global leader in the cross-border money transfer industry and business segment of Euronet (NASDAQ: EEFT), today announced an agreement to become an official sponsor of the Italian football club FC Internazionale Milano through the 2024 season.

Kredivo Holdings (formerly known as FinAccel), the parent company of Kredivo and Krom Bank Indonesia, today announced that it has raised ~US$270 million in equity financing in a significantly oversubscribed round, bringing its Series D fundraise to a successful close. This round was led by Japanese global bank Mizuho Bank, Ltd., a subsidiary of Mizuho Financial Group, Inc.

Rain, a provider of financial wellness products that empower and engage employees, announced today that it raised $116 million, encompassing $66 million in equity and $50M in debt. QED Investors and Invus Opportunities led the Series A with participation from firms including WndrCo, Tribe Capital, and Dreamers VC, which was co-founded by Will Smith. The debt facility was arranged by Sound Point Capital Management, LP.

As the end of the tax year approaches, investors are looking for ways to make the most of their investments while reducing their tax bills. While many are familiar with traditional tax-efficient investments such as ISAs and pensions, one option that is often overlooked are Venture Capital Trusts (VCTs).

Over 80% of organisations are concerned about managing the costs of their cloud computing estate. With rising data levels, demands for increased digitisation and an economic backdrop that is challenging, over a quarter of business technology leaders are very concerned about cloud costs in relation to their IT budget in the coming year, the 5th Annual Enterprise Cloud Index (ECI) report finds. In addition to budgetary pressures, CIOs and CTOs tell the ECI report that sustainability, cybersecurity and talent pressures are increasing, too.