StormPay, a UK-headquartered fintech company which is building an ecosystem that combines financial and lifestyle services in one place, today announced it has signed a distributorship agreement with Safenetpay, an Electronic Money Institution (EMI) which is regulated by the Financial Conduct Authority (FCA).

Motive Partners ("Motive"), a leading specialized private equity firm focused on financial technology, today announced the successful final close of its second flagship fund, Motive Capital  Fund 2 (the "Fund"), with total capital commitments of $2.54 billion for the  Fund and its affiliated co-investment vehicles.  

ION, the largest global provider of trading, analytics, business information, and risk management solutions for capital markets, commodities, and treasury management has appointed Carlo Purassanta as Executive Vice President for Strategy and Corporate Development.

Today Libeo, a fully integrated and automated business-to-business invoice management and payments platform, bridging the gap between invoice management, payments, reconciliation and accounting, announces the opening of its office in Hewett Street, Shoreditch - a vibrant area of East London in the heart of the SME community. 
 

ABB and Red Hat today announced a global partnership to enable industries using ABB’s process automation and industrial software to scale rapidly and flexibly leveraging Red Hat’s industry-leading enterprise platforms and application services built on Red Hat Enterprise Linux.

Today, Detected, announces the launch of its core product which has been built specifically to transform the onboarding process for the payments industry. 

CASHe, India’s preferred AI-driven financial wellness platform, today announced the appointment of Mr. P.S Jayakumar, the former Managing Director and Chief Executive Officer of Bank of Baroda, as a non-executive director with effect from July 5, 2022. The erstwhile chief of Bank of Baroda has been appointed to the board of Aeries Financial Technologies, the holding company of CASHe’s NBFC arm.

wefox, the Berlin-based insurtech, has successfully closed a Series D funding round of $400m (comprising equity and debt) and increased its post-money valuation to US$4.5bn.

Mubadala Investment Company led the equity raise with participation from Eurazeo, LGT, Horizons Ventures, OMERS Ventures and Target Global.

Open banking platform Yapily has teamed up with spend management platform Soldo to create a simplified payments experience for businesses across Europe.

Estimates suggest that the elderly worldwide lose more than USD$3 billion (around R48 billion) each year to online fraudsters. In a world focused on communicating with the digital native Generation Z and tech-savvy Millennials, who were born into the digital era, are we leaving the elderly out of the conversation, especially when it comes to online security?