On 16 June 2022, the Financial Conduct Authority (FCA) wrote to the leaders of more than 3,500 lenders to remind them of the standards they should meet as consumers across the country are affected by the rising cost of living.

The ‘Dear CEO' letter to firms across the financial services sector, which included all regulated and non-regulated Buy Now Pay Later operators, was to remind them of their obligations regarding the fair treatment of customers.

Ondato, a tech company that streamlines KYC and AML-related processes using cutting-edge AI tools to address the full range of compliance challenges, announces that they are now accepting various types of cryptocurrency as payment for their services facilitated through CoinGate, a cryptocurrency payment gateway that offers tools and infrastructure for merchants to accept payments in more than 70 cryptocur

As the cost of living crisis increasingly bites many businesses are struggling to collect payments from their customers. Subscription numbers are declining and consumers are cancelling direct debits in favour of alternative payment methods that give them more control. However, these alternatives such as cash, cards and cheques can cost more and introduce friction with conversion typically much lower.

SeQura the leading BNPL and flexible payments platform in Spain and southern Europe, closed an asset-backed agreement with Citi of up to €150m of senior financing.

Wirex is happy to announce the signing of the Memorandum of Understanding with the Uzbekistan Direct Investment Fund.

With this partnership, we will support the Uzbek government as they implement blockchain solutions and distributed ledger technology for various government services.

Drip Capital, Inc., a leading cross-border digital trade finance platform, announced a partnership with Onfido, a global digital identity verification and authentication provider, to streamline the onboarding process for new customers.

PayU, the leading online payment service provider operating in 50+ emerging markets, today announces the results of its U.S. survey which reveals a big opportunity for international merchants to capitalize on US consumer demand not being met domestically.  

ACA Group (ACA), the leading governance, risk, and compliance (GRC) advisor in financial services, today announced that Russell Investments has selected ACA’s ARRMA (ACA Regulatory Reporting Monitoring & Assurance) service to help manage its transaction reporting arrangements. ACA has provided MiFIR assurance reviews for Russell Investments since May 2021 and the partnership has now been extended to include EMIR reporting as well.

Satispay— an innovative payment super network —announces a €320 million Series D investment round, led by Addition, taking its valuation to more than €1 billion.  Greyhound Capital, shareholder since 2018, will follow and increase its stake in the company. Other participating investors include Coatue, Lightrock, Block Inc., Tencent and Mediolanum Gestione Fondi SGR, who all joined in 2021.

Armalytix, which streamlines data collection and intelligence to provide financial insights for AML checks to the professional, financial service and betting and gaming sectors, has completed a targeted raise of $ 1 million, to further strengthen its unique Source of Funds offering.