Nothing makes a louder statement in a tight industry than being acknowledged as elite amongst your peers. This includes the growing anticipation and hype surrounding the prestigious UF AWARDS MEA 2024, as nominations continue to pour in for the industry’s best performing brands. Indeed, the stage is set for this January with these distinguished honours being given out during the upcoming iFX EXPO Dubai 2024. 

Mondu, the fast-growing B2B payments company, today announces a new collaboration with Mangopay, a modular and flexible payment infrastructure provider for marketplaces and platforms.

UK consumers are missing important payments due to the antiquated payment solutions on offer to them, potentially damaging their long-term financial wellbeing, and limiting their choices when it comes to credit. 

According to new research by Moneyhub’s Payments Division, three in ten (33%) UK consumers say they have missed a payment in the past year with 8.3% missing payments each month. 

The most commonly missed payments are:

Lucinity, the leader in AI for financial crime prevention, estimates that the recent advancements in generative AI can save the banking industry $27 billion annually in training and staff costs. 

Generative AI has the potential to significantly enhance the skills of less-experienced workers, improve the quality of their output, and result in substantial cost savings for the banking sector.

As credit default and fraud rates rise, 70 percent of financial services executives are not confident in their ability to modify risk decisioning quickly to keep pace with shifts in consumer behavior and the economy. Additionally, 43 percent say identifying fraud is a top challenge, yet only 7 percent report their anti-fraud measures are completely effective, according to a new survey conducted by Provenir, a global leader in AI-powered risk decisioning software.

ITRS, the leading provider of real-time estate monitoring and analytics software to global financial institutions, today announces that it has appointed James Colquhoun as Chief Financial Officer (CFO).

Taulia, a leading provider of working capital management solutions, today announced it has added the Bank of China London Branch, and BNP Paribas to its global multi-funder network.

Mercurity Fintech Holding Inc., a digital fintech group, is pleased to announce that on November 30, 2023, it priced a private investment in public equity (“PIPE”) offering, through which it sold an aggregate of 14,251,781 units of its securities, each consisting of one (1) ordinary share and three (3) warrants, to one non-U.S. institutional investor at an offering price of $0.421 per unit, for the gross proceeds of $6 million (the "Gross Proceeds"), prior to the deduction of fees and offering expenses payable by the Company.

emerchantpay, a leading global payment service provider and acquirer announces that it will be partnering with Germany-based fintech company  Rubean AG, Munich, to offer Rubean’s PhonePOS, a Software Point of Sales (SoftPOS) solution for Android devices, to partners and merchants in the UK and Europe.