Open banking has been a game-changer for the financial industry since its introduction five years ago.

The concept of allowing customers to share their financial data with third-party providers opened a host of new possibilities for financial services and products. However, the industry is now moving beyond this to the next stages of development: open finance and open data.

Pioneering issuer processing powerhouse, Enfuce, today announces a new partnership with Orka Ventures, the Nordic-Czech fintech holding company, to launch Orka Card, a new consumer lending card and mobile app that challenges the traditional understanding of ‘Buy Now Pay

Award-winning Swiss FinTech NetGuardians, renowned for its enterprise risk platform for combatting financial fraud, has announced that Switzerland’s leading payment app TWINT has selected its software as part of an enhanced fraud prevention program. 

NetGuardians software detects anomalous payments through its innovative behavioural analytics, machine learning, and artificial intelligence. The software monitors all of TWINT’s payment transactions in real-time and provides a risk score through profiling. 

Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, announces today the acquisition of Pacific Fund Systems (“PFS”), a leading global fund administration software business, from co-founders and Pollen Street Capital.

This acquisition follows Apex Group’s longstanding partnership with PFS through the use of PFS-PAXUS and will expand use of the technology platform to enhance the delivery of timely, accurate and independent portfolio accounting, fund and investor reporting.

Shieldpay, the market leader in solving complex B2B payments, has today announced the recent appointment of Isabel Pitt as Product Director. Isabel will lead the Product team under the recently appointed CTPO Andrew Hawkins and will further develop the company’s product offerings in line with its next stage of innovation and growth.

Financial technology company T-Scape today announced that Loomis,  Sayles & Company has signed a new 5-year agreement for its corporate action solution iActs. It coincides with another of T-Scape’s clients, Western Asset Management, also signing a new 5-year deal.  

More than a third of businesses (35%) have said that the heightened cost of energy is their greatest concern, as the effects of high inflation bite globally, according to survey data from working capital solutions business Taulia.

BR-DGE, a leading payment orchestration provider, today announced a three-year partnership with Visa, a world leader in digital payments, to offer innovative payment solutions to merchants and consumers, giving them greater choice in how they pay and get paid.

Currencycloud, the experts in simplifying business in a multi-currency world, has partnered with Hong Kong-based money service operator Windsor First to launch a new multi-currency account solution to help Windsor First clients seamlessly optimize their B2B and eCommerce international payments processes and access a wider range of currencies at competitive FX rates.

CUBE, a global leader in Automated Regulatory Intelligence (“ARI”), today announced its acquisition of The Hub, a leading RegTech firm providing highly innovative artificial intelligence solutions for capturing and monitoring unstructured data across the regulatory internet.