Fenergo, the leading provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring, and Client Lifecycle Management (CLM), announces today that First Abu Dhabi Bank (FAB) the largest bank in the United Arab Emirates (UAE), has integrated Fenergo’s software-as-a-solution (SaaS) CLM solution to speed up client onboarding and enhance its anti-money laundering (AML) compliance processes.

According to The Insight Partners, the copy trading market is poised to grow from $2.2 billion to $4 billion by the decade's end. This growing market presents a critical opportunity for brokers to implement sophisticated copy trading platforms that align with trader expectations.

According to the latest Lloyds Bank UK Sector Tracker, more parts of the UK economy grew in May than at any time in the last 15 months. 

While the overall rate of output growth across the economy slowed marginally in May (53.0 vs. 54.1 in April), 11 out of the 14 UK sectors monitored by the Tracker reported output growth – up from eight in April and the most since February 2023. 

Clip, Mexico's leading digital payments and commerce enablement platform, today announced that it has secured an investment round of US$100 million from investment funds managed by Morgan Stanley Tactical Value ("MSTV") and from one of the largest, most experienced West-Coast mutual fund managers. The investment values Clip in line with the Series D round completed in 2021.

TerraPay, a global leader in money movement, has chosen Thredd, a next-generation global payments platform, to power virtual card payments for global suppliers. This strategic partnership aims to develop payment solutions within the travel industry, offering seamless, secure, and compliant virtual card services to intermediaries as part of TerraPay’s cross-border money movement network.

New research released today by emerchantpay, a leading global payment service provider and acquirer, has found that there is strong market potential for merchants who prioritise the adoption of Open Banking payments early in their payment strategies.

Zilch, the world’s first ad-subsidised payments network (ASPN), today announces a key £100 million securitised debt financing arranged by Deutsche Bank (DB).

The financing will enable Zilch to grow its business and accelerate Zilch's ability to create and launch new products for a broader base of customers.