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iProov Sees Over 60% Surge in Transactions Driven by Soaring Demand for Cloud-Based Biometric Onboarding and Authentication
iProov, a leading provider of science-based biometric identity solutions, today delivered its quarterly business update, highlighted by a surge of 63% in transaction volume on its platform compared with the same timeframe last year. The identity verification market is showing consistent growth, fueled by the rapid digitization of services, and the escalating threat of sophisticated cyberattacks, particularly deepfakes that leverage generative AI.  
 
Thursday, October 17, 2024 - 13:27
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Financial IT
Zafin Strengthens Collaboration with Microsoft, Advancing Bank Modernization with Azure AI

Zafin, a global provider of SaaS core modernization and transformation solutions for banks, announced today the extension of its worldwide strategic collaboration with Microsoft. This extension advances Zafin’s technological capabilities, continuing to position the company as a major player in core banking modernization and innovation, running on Microsoft Azure.

Thursday, October 17, 2024 - 13:18
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Financial IT
Gen Z Leads the Rewards Revolution, Finds ZBD Payments Study

The ZBD Gen Z Payments Study, based on a survey of over 2,000 18 to 27 year olds in the US and UK, sheds fresh light on what this vitally important generation wants from its interactions with payments, banking and fintech providers. The deep-dive exploration of what shapes Gen Z’s payment behavior reveals that a staggering 86% of Gen Z believe that cashback and loyalty rewards are an important part of making a purchase, and 99% say financial education is important.

Thursday, October 17, 2024 - 11:52
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Financial IT
Thunes Expands Its Direct Global Network Into Egypt

Thunes, the Smart Superhighway to move money around the world, today announced a major expansion of its Direct Global Network into Egypt. This expansion brings mobile wallet and bank account payment capabilities to Thunes' Pay solutions, enhancing the company’s cross-border payment services in one of the Middle East and North Africa's most dynamic markets.

Thursday, October 17, 2024 - 11:44
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Financial IT
Broadridge Launches Instant Payments Service, Aligned with New EU Regulations

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced the launch of its highly resilient and scalable managed service for connectivity, message processing and workflow management for instant payments. The Broadridge service supports real-time money transfers, operating 24/7/365, with transaction processing times of under 10 seconds from payer to beneficiary.

Thursday, October 17, 2024 - 11:39
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Financial IT
Global Study from Checkout.com Reveals Generation Alpha’s Rising Influence in Digital Economy

 A global study released today by Checkout.com, a leading global digital payments company, highlights the consumer buying behaviour which is powering today’s digital economy. The research, conducted across the UK, US, UAE and China, reveals a number of trends, including the growing spending power of Generation Alpha.  

Thursday, October 17, 2024 - 11:36
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Financial IT
Swift Cross-Border Payment Processing Speed Stretches Further Ahead of G20 Target
Swift today published new data which reveals continued progress towards meeting the G20’s goal for the speed of cross-border payments, reporting that 90% of cross-border payments made over the Swift network reach the destination bank within an hour.
Thursday, October 17, 2024 - 11:33
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Financial IT
Finastra and LPBank Modernize Treasury Management Operations in Record Time

Finastra, a global provider of financial services software applications, has announced the implementation of its front-to-back treasury solution, Kondor, at Fortune Vietnam Joint Stock Commercial Bank (LPBank) to modernize the bank’s treasury management operations and capabilities. This strategic collaboration is part of LPBank’s concerted effort to accelerate its digital transformation strategy and enhance its competitiveness in the market.

Thursday, October 17, 2024 - 11:29
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Financial IT
UK Finance Leaders Reveal Friction in Global Spend and Expense Management Holds Their Business Back

The vast majority of UK finance leaders (95 percent) struggle to manage their global spending due to disconnected management tools and manual processes, according to a new report released by Airwallex, the leading global payments and financial platform for modern businesses.

Thursday, October 17, 2024 - 11:18
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Financial IT
BVNK and Circle Partner to Expand USDC Utility for Global Business Payments

BVNK, the payments infrastructure provider, and Circle, a global financial technology firm, today announced a partnership aimed at accelerating the utility of USDC for BVNK’s global customer base. BVNK will integrate USDC more deeply into its payment offerings, enabling businesses to leverage USDC’s speed and stability for a variety of payment use cases.

Thursday, October 17, 2024 - 11:02
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Financial IT

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