IDnow, a leading provider for Identity Verification-as-a-Service solutions, recieves €15 million growth funding from European Investment Bank. Funds will support IDnow’s research and development and international expansion. Financing by EU bank is provided under Investment Plan for Europe.

Moneyhub, the market-leading Open Banking and Open Finance data, intelligence and payments platform, is the first TPP to connect to Citibank, the consumer division of financial services multinational Citigroup. In the UK, Moneyhub offers consent-driven access to financial data via 580 live and in production connections across 200 financial services providers - of which 100 are direct UK Open Banking providers, and a further 100 more broad Open Finance providers. 

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, has announced that it has been selected by BEC, a Danish full-service technology firm that develops and operates IT systems for financial institutions, to provide its comprehensive solution for the updated Shareholder Rights Directive (SRD II).

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, announced that Ebury, a leading global FinTech backed by Santander Bank offering cross-border financial services and risk management, has been granted a Financial Services licence to carry out the regulated activity of providing Money Services from the Centre.

Digital insurance company Getsafe closed a $30 million (USD) Series B funding. Swiss Re’s digital platform iptiQ led the round. Existing investors, including Earlybird, CommerzVentures, btov Partners and Capnamic Ventures, also participated.

Sberbank (Switzerland) AG has successfully gone live with Avaloq’s Software as a Service (SaaS) solution. The implementation, following a ten-month migration project, supports the financial institution’s strong growth ambitions. Avaloq was awarded the contract after a highly competitive tender process.

SteelEye, the compliance technology and data analytics firm, and txtsmarter, the Enterprise Information Archiving compliance platform, today announced a strategic partnership to combine txtsmarter’s Intelligent Compliance™ complete messaging capture and archiving service with SteelEye’s advanced communications surveillance solution. As a result, clients can access native messaging data within the SteelEye platform to assure full regulatory compliance. 

Banks and payments providers will need to act quickly to adapt to changing market trends, according to a new report by global payments solution provider Accuity. 

Here are the four key payment trends that will drive change in the year ahead:

NatWest has published data today that shows a marked increase throughout 2020 in small businesses seeking advice on redundancy, furlough and absence, in the wake of coronavirus lockdowns and restrictions.

Featurespace™, the leading provider of Enterprise Financial Crime prevention software, announced that Play Digital, the new fintech created by Santander, Galicia and BBVA, has chosen its ARIC™ Risk Hub to protect its new payments platform MODO from fraud.