Remark, the company building human-trained AI product experts for commerce, today announced a $16 million Series A funding round. The round was led by Inspired Capital, with participation from Stripe, Neo, Spero Ventures, Shine Capital, and Visible Ventures, bringing the company’s total funding to $27 million.

Facing increased competition and rising expectations, financial institutions must rethink their approach to payments infrastructure before it's too late.

The acquiring market is at a strategic turning point. Across Europe and globally, traditional banks are reassessing their role in the payments ecosystem as new technologies, customer expectations, and regulatory demands converge. The choices that banks make now will determine their relevance in a fast-evolving marketplace.

EBANX, a global technology company specializing in payment services for emerging markets, shared new data on how monday.com, the global software company that transforms how businesses run, is optimizing payments for its customers in Brazil with EBANX’s payment solutions.  

Supported by a payment strategy focused on local solutions, monday.com elevated the average ticket in the country to above the USD 9,000 mark.

OpenPayd, a leading provider of financial infrastructure, has announced a strategic partnership with Ripple, the leading provider of digital asset infrastructure for financial institutions, bringing together two infrastructure leaders with deep expertise across blockchain and traditional finance to deliver compliant, efficient and scalable payment solutions for enterprise clients. 

Ecobank, a leading pan-African financial services group, and Google Cloud today announced a groundbreaking collaboration aimed at transforming financial services with advanced analytics and AI and driving digital empowerment across Africa. Through this collaboration, Ecobank plans to leverage Google Cloud's cutting-edge technology to deliver innovative payment and remittance solutions that are frictionless, secure, and universally accessible, empowering individuals and businesses across the continent and beyond.

Napier AI, the financial crime compliance RegTech, has appointed Kenneth Paqvalén as Chief Financial Officer to scale its global AI-powered AML solutions as the company expands its business to serve an increasingly international customer base.

Mastercard has introduced Account Intelligence Reissuance, an advanced fraud prevention service to efficiently manage the card reissuance process, in the Eastern Europe, Middle East and Africa (EEMEA) region. The product leverages Mastercard’s proprietary Artificial Intelligence (AI) technology and network purview to assess the level of risk associated with a card and provide AI-driven actionable recommendations about which cards need to be monitored or replaced.

Sumsub, a global full-cycle verification platform, today announced the release of its commissioned Total Economic Impact™ (TEI) study conducted by Forrester Consulting. The study aims to examine the potential return on investment (ROI) enterprises may realize by deploying Sumsub's Anti-Money Laundering (AML) Transaction Monitoring.