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U.S. Faster Payments Council Report Explores How Digital Assets Can Advance Financial Inclusion

The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today announced the publication of a new industry report, Digital Assets and Digital Ledger Technology: A Pathway to Financial Inclusiveness.

Thursday, March 6, 2025 - 15:25
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Financial IT
Regula Increases Its Global User Base by 52% Amid Rising Identity Verification Demands

Regula, a global developer of forensic devices and identity verification (IDV) solutions, is now providing advanced IDV software technologies to 152 million online users worldwide. This new milestone marks an impressive growth of 52% compared to the previous year. Among the main drivers of wider IDV adoption, Regula points out the rising need for advanced anti-fraud solutions, regulatory shifts, and digital transformation initiatives.

Thursday, March 6, 2025 - 15:21
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Financial IT
Corporate Digital Identity Faces Big Challenges to Roll Out but Offers Huge Rewards if Done Successfully

Nations around the world have widely differing levels of maturity when it comes to corporate digital identity. But according to Umazi, a next-generation compliance and digital identity platform leveraging AI and Web3 to automate due diligence and risk assessments, while here in the UK business and government face a number of challenges to its roll-out, the rewards could not be greater.

Thursday, March 6, 2025 - 15:18
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Financial IT
Six in 10 UK Small Businesses Say Late Payments Prevent Them From Reaching Their Full Potential

A new report from bank payment company GoCardless, commissioned through the Federation of Small Businesses (FSB), has revealed late payments are not only a perennial concern for small and medium businesses (SMBs) -- they’re a growing one too.

Thursday, March 6, 2025 - 15:14
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Financial IT
OakNorth Pre-Tax Profits Surge to £215M ($272M) as It Surpasses £12.5Bn ($15.7Bn) in Lending and Continues US Expansion

OakNorth - the leading digital bank for entrepreneurs, by entrepreneurs - today publishes its latest Annual Report, revealing pre-tax profits of £214.8m ($271.6m) in 2024 (FY23 £187.3m / $236.8m). OakNorth provided over £2.1bn ($2.6bn) of gross new lending in 2024, continuing its track-record of supporting ambitious and innovative businesses across the UK and the US.

Thursday, March 6, 2025 - 15:11
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Financial IT
CFIT Publishes Digital Company ID Plan to Slash Fraud, Saving UK Businesses Billions Annually

The Centre for Finance, Innovation and Technology (CFIT) today publishesits blueprint  for fighting economic crime through the introduction of Digital Company ID, which has the potential to  revolutionise business in the UK by improving efficiency, security and trust, while saving billions of pounds every  year in lost revenue and alleviating the burden of fraud on businesses. 

Thursday, March 6, 2025 - 14:31
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Financial IT
Tuum Becomes a Mastercard Digital Activity Service Provider (DASP), Powering Secure Digital Payments for Banks and Fintechs

Tuum, a leading next-generation core banking provider, is proud to announce its new status as a Mastercard Digital Activity Service Provider (DASP), enabling seamless integration with Mastercard Digital Enablement Service (MDES). This partnership empowers banks and fintechs to deliver secure, tokenized digital payments across all major wallets and digital channels—without the need for additional third-party integrations.

Thursday, March 6, 2025 - 11:50
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Financial IT
Nexi Group Enables Swiss Merchants to Accept Consumer Payments via WeChat Pay

Nexi Group, the European PayTech, has collaborated with WeChat Pay to enable Swiss merchants to accept payments at the point of sale (POS) via the WeChat Pay app. The 900 million+ active users of WeChat Pay can now make mobile payments via QR code on compatible POS terminals in Switzerland, accessing a familiar and convenient payment method while travelling in the country.

Thursday, March 6, 2025 - 10:08
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Financial IT
TerraPay Partners With Banque du Caire to Enable Seamless Remittance Payouts Across Egypt
In a strategic move to enhance remittance services in Egypt, TerraPay, a global leader in cross-border payment solutions, has partnered with Banque du Caire (BDC), one of Egypt’s premier financial institutions. This collaboration enables digital payouts to all bank accounts and mobile wallets across Egypt, offering faster, cost-effective, and secure remittance services for the Egyptian diaspora worldwide, as remittances from Egyptian expatriates are a major source of foreign currency – estimated at around $30 billion annually.
 
Thursday, March 6, 2025 - 10:04
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Financial IT
Emirates NBD Enters the Digital Asset Space, Offering Crypto on the Liv X App

Liv, UAE’s first and largest digital bank launched by Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has consolidated its position as a pioneer of innovation and excellence with the launch of a cryptocurrency offering within its mobile banking app – Liv X. The new offering has been introduced in partnership with Aquanow, a global virtual asset service provider licensed by VARA.

Thursday, March 6, 2025 - 09:47
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Financial IT

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