A leading smart card technology, security and ID company based in MEA (Middle-East & Africa) has placed a production order of 10,000 units with IDEX Biometrics. The order supports Visa biometric bank card programs in one of the fastest growing payment markets in the region, and marks the first Visa program in market on the IDEX Pay biometric technology solution. The IDEX Biometrics partner serves over 500 banks, governments, and corporations worldwide.

Apiture, a leading provider of digital banking solutions, today announced that The Freedom Bank of Virginia (“Freedom Bank”), a next-generation community bank headquartered in Fairfax, Virginia, has converted its online and mobile banking solutions to the Apiture Digital B

2025 is set to be a transformative year for the merchant payments ecosystem (mpe), driven by rapid advancements in technology, regulations, and shifting business models. mpe has gathered insights from leading experts to uncover the future of merchant payments.   

The Digital Banking & Insurance Experience Summit (DBIX) is scheduled for June 5-6, 2025, in London, UK. This two-day event will explore how AI is transforming the financial sector by enhancing customer experiences, improving operational efficiency, and reshaping digital banking strategies. Attendees can expect expert-led sessions, panel discussions, and networking opportunities to gain insights into the latest AI-driven innovations and best practices in finance.

Galileo Financial Technologies, SoFi Technologies, Inc.’s Technology Platform (NASDAQ: SOFI), has launched a co-brand debit program offering, enabling brands to offer debit users access to rewards typically reserved for credit card holders. Galileo is the first to bring this type of program offering to the U.S. hospitality sector. While co-brand credit rewards programs are common, debit users have largely been left out—until now.

Capital on Tap, a leading fintech business credit card provider, has secured two major funding facilities totalling £750 million to fuel its expansion and enhance support for small businesses in the UK and US markets.

Finzly, a leader in innovative payment and financial solutions, announced that Live Oak Bank has successfully enhanced its commercial and small business banking services by implementing Finzly's Fedwire solution, achieving 100% straight-through processing (STP). This strategic move not only streamlines payment processing but also positions the bank to meet the upcoming ISO 20022 compliance requirements ahead of schedule.

More than a third (38%) of finance brokers say lower taxes are needed to boost SME growth this year, according to iwoca’s latest SME Expert Index. This is double the next choice of reforming business rates (19%).

Economic worries

TMX VettaFi, an indexing, digital distribution, analytics and  thought leadership company and TMX Group subsidiary, announced today the acquisition of  Credit Suisse’s Bond Indices from UBS, strengthening its fixed income index capabilities.  

Financial institutions are facing a significant increase in deepfake fraud attempts, which have grown by 2137% in the last three years, according to data from Signicat's The Battle Against AI-Driven Identity Fraud report. As deepfakes become more advanced, businesses across all industries must reconsider their security strategies to address one of the most serious forms of identity fraud in today's landscape.