Financial habit-forming platform, Updraft, announces today its latest investment round, raising another £108 million in equity and debt to power its ambitious growth strategy and deliver savings to its fast-growing user base of 300k members.

The senior debt funding round of £100 million was led by NatWest, with Hampshire Trust Bank also joining to create a £160m senior debt facility for the business.

Breinrock, a global premium brand offering a portfolio of fintech payment solutions, announced today the opening of its new office in Dubai, at the Dubai International Financial Centre (DIFC) - one of the world’s most advanced financial centres, and the leading financial hub for the Middle East, Africa, and South Asia (MEASA).

A multi-country consortium consisting of some of Europe’s most trusted identity experts has been chosen to deliver a cross-border payments pilot, in line with the aims of the European Commission’s EU digital identity wallet program. 

UK-based Reading FC today named Acronis, a global leader in cyber protection, as its Official Cyber Protection Partner.

The symbiotic relationship between fintechs and banks is well established but reaching the point where both are happy to collaborate together means getting buy-in on both sides.

Much of this needs to be achieved at C-suite level, with banks’ Chief Technology Officers (CTOs) being key to engaging a fintech for any type of digitisation process. So, when fintechs are approaching banks to become business partners, one of the first things to remember is: “Don’t alienate the CTO.”

iDenfy, the all-in-one fraud prevention startup, best known for its full-stack ID verification solution, has been recognized by G2, the global review space for the B2B space. This week, the feedback platform announced its Winter report, where iDenfy scored first place for being the leader in identity verification. 

Today, 40% of payments by value are digital, contributing to a US$3 trillion digital payment market on account of rapid expansion in digital infrastructure, UPI-led migration to digital, pandemic-led acceleration of shift in customer preferences, growing merchant acceptance network and disruptive innovations by fintechs.

As the days get shorter and the weather gets colder businesses are preparing for their busiest season. This time is crucial for small businesses who expect to make two-thirds of their annual income in the winter period. However, the current economic climate is setting them up for failure.

Vilja, the leading Nordic cloud-native core banking platform vendor, wins together with the fast-growing company Bosam two awards - “Most Innovative API / Open Banking Model: Most Adaptable Deployment” and “Most Innovative API / Open Banking Model: Most Agile Deployment” at the fourth annual IBSi Global Fintech Awards 2022 ceremony.