New research from RedCompass Labs, a world leader in payments modernization and financial crime red flags, reveals that US banks believe they are eight months behind criminals, with the largest institutions believing the gap is as wide as 23 months. 

Priority, the payments, and banking fintech that streamlines collecting, storing, lending, and sending money to unlock revenue opportunities, has announced significant enhancements to its Passport product within its banking and treasury solutions platform.

Ataccama, an AI-powered data management company, has launched a new partner program for solution partners to enable them to provide customers with bespoke Ataccama-accredited services. The new initiative is a key investment in partners, enabling them to scale their data management practices and grow with Ataccama.

Today, Sainsbury’s has announced the sale of its ATM business to NoteMachine, a Brink’s Company and one of the UK’s leading ATM operators.

Rapid Finance, a leading small business financing platform specializing in providing customized financing solutions, announced its new partnership with Texas-based Gestalt Tech, a provider of a cutting-edge data warehouse solution designed for financial institutions. Through this partnership, lenders using Gestalt can seamlessly integrate with Rapid’s small business lending automation solution, Decisioneer.

Use of payments firms has grown in recent years, but the FCA says it continues to see poor safeguarding practices from firms.

Funds held by payments and e-money firms are not directly protected by the Financial Services Compensation Scheme (FSCS). Instead, firms must safeguard funds which can mean customers lose money or experience delays to funds being returned if the firm fails.

Pismo, the global cloud-native core banking and cards platform, announced that Neeraj Kumar, based in the UK, will lead the enterprise architecture structure.

Kumar, who has more than 25 years of experience in IT strategy, architecture, and infrastructure, will help define Pismo's platform architecture roadmap to increase even more resilience, security, scalability, and performance.

Fibabanka, a leading player in Türkiye’s banking sector, has launched the country’s first Banking as a Service (BaaS) model through an innovative collaboration with GetirFinans, which received a total of $70 million in investment last year at a valuation of $250 million. This partnership, a significant step in Fibabanka’s broader strategy to expand its BaaS platform, provides non-banking businesses with the infrastructure to offer tailored financial services to their customers efficiently.