LexisNexis® Risk Solutions today releases its annual Cybercrime Report, an analysis of over 104 billion global transactions in the LexisNexis® Digital Identity Network® platform during 2024. The report, The Calm Before the Storm?, shows a significant swing in the composition of global fraud attacks, with first-party fraud now the leading type globally, representing a third (36%) of all reported fraud in 2024, up from 15% the year before.
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First-Party Fraud Surpasses Scams to Become the Leading Form of Global Attacks
Tuesday, May 13, 2025 - 09:00
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/news/fraud-detection/first-party-fraud-surpasses-scams-become-leading-form-global-attacks
Financial IT
Froda and Wamo Partner to Strengthen SME Financing in Finland Through Card-Based Lending and Instant Loans
Froda, a leader in embedded finance for SMEs, has joined forces with UK fintech wamo to launch card-based lending in Finland. The partnership aims to close the SME financing gap, by offering fast, flexible financing of up to €200,000 to Finnish businesses, with an ambition to support over 25,000 SMEs and drive nationwide economic growth.
Tuesday, May 13, 2025 - 08:55
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/news/lending/froda-and-wamo-partner-strengthen-sme-financing-finland-through-card-based-lending-and
Financial IT
Addepar Raises $230 Million at $3.25 Billion Valuation in Series G Investment Round
Addepar, a leading global technology and data platform that investment professionals rely on to make the most informed, data-driven investment decisions, announced today the closing of its $230 million Series G investment round. The round was co-led by Vitruvian Partners, headquartered in London, and returning investor, New York-based WestCap, with additional participation from longtime partners 8VC and Valor Equity Partners.
Tuesday, May 13, 2025 - 08:49
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/news/fundraising-news/addepar-raises-230-million-325-billion-valuation-series-g-investment-round
Financial IT
Fintech Chief: Community Banks – Continue Taking Your Customers for Granted, and You’ll Go Extinct
As the US approaches a recession, if community banks continue taking customers for granted, they’ll risk going extinct, warns Adam Turmakhan, CEO of TurmaFinTech.
TurmaFinTech is a Florida-based startup that offers bespoke customer data platforms to US community banks and credit unions. The firm helps these institutions manage, analyze and monetize their customer data to fight technological lag and customer churn.
Monday, May 12, 2025 - 18:10
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Financial IT
Stash Secures $146M Series H to Lead the Next Era of AI-Driven Financial Guidance
Stash, the revolutionary platform helping millions build financial futures, announced today that it has secured $146 million in an oversubscribed new Series H funding through a round led by Goodwater Capital, with participation from returning investors Union Square Ventures, StepStone Group, Serengeti, and the University of Illinois Foundation, as well as funds and accounts advised by T. Rowe Price Investment Management, Inc.
Monday, May 12, 2025 - 18:01
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/news/fundraising-news/stash-secures-146m-series-h-lead-next-era-ai-driven-financial-guidance
Financial IT
ila Bank Partners With Mastercard to Launch Innovative Solutions and Expand Into New Markets
ila Bank, powered by Bank ABC, has partnered with Mastercard to enhance the bank’s proposition across consumer products, launching new affluent, travel products and loyalty offerings.
Monday, May 12, 2025 - 17:55
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/news/digital-banking/ila-bank-partners-mastercard-launch-innovative-solutions-and-expand-new-markets
Financial IT
Yorick Naeff Appointed as Head of Innovation at ABN AMRO
ABN AMRO is proud to announce that Yorick Naeff will begin his role as Head of Innovation in the Innovation & Technology department on February 1, 2026. Yorick, currently CEO and co-founder of BUX, brings nearly 20 years of valuable experience in the financial sector. He has worked as a strategy consultant and senior manager at ING and has an impressive network within the European technology and fintech sectors.
Monday, May 12, 2025 - 17:49
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/news/people-moves/yorick-naeff-appointed-head-innovation-abn-amro
Financial IT
Medius Appoints Gary Hall as Chief Product Officer to Drive Product Strategy
Medius, a leading provider of AP Automation and Spend Management solutions, has today announced the appointment of Gary Hall as its Chief Product Officer (CPO).
Monday, May 12, 2025 - 17:24
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/news/people-moves/medius-appoints-gary-hall-chief-product-officer-drive-product-strategy
Financial IT
Wise Appoints New Head of Banking for Latin America and Country Manager for Brazil
Wise, the global technology company building the best way to move and manage the worldʼs money, has announced the appointment of former Western Union executive Ricardo Amaral as its new Head of Banking for Latin America and Country Manager for Brazil. This strategic hire is a key component of Wise's ambitious expansion in the Americas. It follows Wise's recent launch in the Mexican market and approval for direct connection to Brazil's Instant Payment System SPI - infrastructure that enables Pix).
Monday, May 12, 2025 - 17:21
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/news/people-moves/wise-appoints-new-head-banking-latin-america-and-country-manager-brazil
Financial IT
MoneyNext Announces Agenda for UK’s Leading Banking Transformation Summit
Take a front-row seat to the future of banking innovation as MoneyNext announces the full agenda and speaker lineup for Banking Transformation Summit 2025.
Monday, May 12, 2025 - 16:09
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/news/fintech-startups/moneynext-announces-agenda-uks-leading-banking-transformation-summit
Financial IT
