All content with RSS

Fraud to Cost Financial Institutions $58.3 Billion by 2030 Globally, as Synthetic Identities Threaten Fraud Tidal Wave

 A new study by Juniper Research, the foremost experts in fintech and payment markets, forecasts a 153% surge in fraud by 2030; rising from $23 billion in 2025 to $58.3 billion in 2030.

Monday, August 18, 2025 - 11:44
66709
/news/fraud-detection/fraud-cost-financial-institutions-583-billion-2030-globally-synthetic
Financial IT
Bank of Algeria Joins PAPSS Network, Accelerating Financial Integration in Africa as Algeria Prepares to Host IATF 2025

The Pan-African Payment and Settlement System (PAPSS) launched by African Export-Import Bank (Afreximbank) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, has officially welcomed the Bank of Algeria into its growing network. Algeria now becomes the 18th country of presence for PAPSS, marking a significant step in advancing Africa’s journey towards deeper financial integration.

Monday, August 18, 2025 - 11:19
66708
/news/banking/bank-algeria-joins-papss-network-accelerating-financial-integration-africa-algeria
Financial IT
British Business Bank Agrees ENABLE Guarantee Transaction of up to £300m with Close Brothers

The British Business Bank has agreed a transaction of up to £300m with Close Brothers under the ENABLE Guarantees programme, unlocking significant additional lending capacity.

The transaction will support a portfolio within Close Brothers Asset Finance, covering hire purchase, sale and hire purchase back and leasing facilities. Asset finance plays an important role for UK smaller businesses, with the market reaching a record £23.5bn in 2024.

Monday, August 18, 2025 - 10:36
66707
/news/banking/british-business-bank-agrees-enable-guarantee-transaction-ps300m-close-brothers
Financial IT
PowerPay Announces $300 Million Partnership with Synovus Bank and Nearwater Capital

PowerPay, a leading fintech platform providing consumers with home improvement and patient finance, today announced the addition of Synovus Bank, a Georgia-based financial institution with $62 billion in a

Monday, August 18, 2025 - 10:33
66706
/news/lending/powerpay-announces-300-million-partnership-synovus-bank-and-nearwater-capital
Financial IT
Gemini Files Registration Statement with SEC for Proposed Initial Public Offering

Gemini Space Station, Inc. ("Gemini"), a global crypto platform, today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined.

Monday, August 18, 2025 - 10:24
66705
/news/cryptocurrencies/gemini-files-registration-statement-sec-proposed-initial-public-offering
Financial IT
Akurateco Partners with PAYSTRAX to Expand European Payment Capabilities

Akurateco, a leading white-label payment software provider, announced that it has partnered with PAYSTRAX – a licensed European payment institution headquartered in Vilnius, Lithuania – to expand its acquiring and processing services across Europe.

Monday, August 18, 2025 - 10:11
66704
/news/payments/akurateco-partners-paystrax-expand-european-payment-capabilities
Financial IT
Klarna Secures Scalable Funding in $26bn Deal to Drive U.S. Pay in 4 Growth

Klarna, the global digital bank and flexible payments provider, today announced the execution of a multi-year forward flow agreement with Nelnet, a U.S.-based financial services and investment firm, to support the continued expansion of Klarna’s Pay in 4 product in the United States.

Monday, August 18, 2025 - 09:24
66703
/news/fundraising-news/klarna-secures-scalable-funding-26bn-deal-drive-us-pay-4-growth
Financial IT
Finastra Supports JICA with Loan IQ to Transform Private-Sector Investment Finance System in Japan
Finastra, a global leader in financial services software, has announced the Japan International Cooperation Agency (JICA)’s successful go-live with the Loan IQ platform. This project aims to modernize JICA’s core system for private-sector investment finance, an increasingly expanding initiative that provides loans to private sector projects in developing countries.
Monday, August 18, 2025 - 09:20
66702
/news/lending/finastra-supports-jica-loan-iq-transform-private-sector-investment-finance-system-japan
Financial IT
Ebury Announced as Official Fintech Partner of Southampton Football Club for the Second Season

Ebury, one of the world’s leading fintechs, is delighted to announce it has extended its partnership  with the EFL Championship team Southampton Football Club for the 2025/26 season, continuing  as the club’s Official Fintech Partner. 

Building on the successful relationship established in October 2024, the renewed agreement will  see Ebury continue to provide its market-leading expertise in global financial operations to support  the club’s growth ambitions.  

Monday, August 18, 2025 - 09:15
66701
/news/infrastructure/ebury-announced-official-fintech-partner-southampton-football-club-second-season
Financial IT
Riva Closes Pre-Seed Round Led by Project A

Riva Money, a next-generation payments infrastructure company, has raised $3 million in pre-seed funding to rebuild how businesses move money globally. The round was led by Project A and joined by angel investors from leading fintech and financial institutions including Revolut, Ebury, Monzo, and J.P. Morgan.

Friday, August 15, 2025 - 15:54
66699
/news/fundraising-news/riva-closes-pre-seed-round-led-project
Financial IT

Pages