Lendo, a Saudi Arabia-based shariah-compliant debt crowdfunding marketplace, has raised SAR 105 million ($28 million) in Series B funding led by Sanabil Investments, a wholly-owned company by the Public Investment Fund ("PIF"). The round saw participation from Shorooq Partners, AB Ventures and other investors.

 A notable increase in concerns over risk management and regulatory compliance issues headlines key challenges facing U.S.

Allied Payment Network, Inc. (Allied), the industry leader in real-time, open-network payment solutions to banks and credit unions, today announced its partnership with MY CREDIT UNION. Allied’s payment solutions will integrate with the credit union’s Ultracs digital banking platform.

Having become more readily available, generative AI has captured the public’s attention and sparked concerns around its accuracy and bias. Global analytics software leader FICO is highlighting that all data is biased, and when it is used to build AI appropriate interpretable machine learning, algorithms and guardrails need to be employed.

Nebeus, a financial platform renowned for its cryptocurrency services and registered with the Bank of Spain, is expanding its reach into the payments market with the launch of Nebeus Nomad Accounts. Tailored to the unique needs of digital nomads and marketplaces that link freelancers with job prospects, the all-encompassing app merges multi-currency mass-payouts, virtual IBANs, cryptocurrency services, and globally issued debit cards.

FIS®, a global leader in financial services technology, has conducted new consumer research into the extent to which people understand and trust generative artificial intelligence (GenAI), as well as their attitudes towards the emerging technology’s role in personal finance and banking.

M2P Fintech, Asia’s largest Digital Banking Infrastructure company that powers the digital ambitions of banks, lenders, fintech and other financial services players today announced the multi-million-dollar acquisition of Goals101, the leader in Transaction Behavioural Intelligence (TBI) in India and other geographies.

Credit builder debit card BuildMyCreditScore, has announced its latest partnership, collaborating with responsible lender, Creditspring, to allow borrowers to boost their credit scores and improve financial inclusion.

Global Fintech leader Broadridge Financial Solutions, Inc. announces that TMF Group, a leading provider of critical compliance and administration services, has enhanced its private debt and Collateralised Loan Obligation (CLO) service capabilities with the adoption of Broadridge’s Sentry PM, a cloud-based private debt and CLO portfolio management solution.