Managed services partnership provides an end-to-end, cloud-enabled Payments as a Service (PaaS) offering for mid-sized banks in Germany, Belgium, the UK and Ireland

Almost a third (28%) of regulated firms in the UK claim that analysing hard copies of documents is the most reliable method for identifying fraud - according to new research by leading RegTech firm SmartSearch.

~Raj to accelerate growth in India and global markets as Chief Operating Officer

• New fund is second from Digital Horizon and builds on successful strategy of first fund, which invested in high-growth businesses including Oxygen and Monday.com, generating overall IRR of 40% for its investors. 
• This second fund will follow the same multistage strategy and will invest in both early and late stage companies. 
• Focus remains on fintech and SaaS products, but with Asian markets targeted as well as Europe and Israel.

Straight through processing capabilities added to Paymode-X Network

Bottomline (NASDAQ: EPAY), a leading provider of financial technology that makes complex business payments simple, smart and secure, today announced that it has completed the acquisition of Bora Payments Systems, enabling Paymode-X vendors to utilize straight through processing (STP) as a method of accepting virtual card payments. The combination adds new bank channel relationships to Paymode-X and capabilities that improve the network’s virtual card program, an important revenue driver for Paymode-X.

72% say moving to the cloud will help their organization achieve its business priorities

In a new survey of IT executives in the banking sector, conducted by The Economist Intelligence Unit and supported by Temenos (SIX: TEMN), more than seven in ten (72%) report that incorporating the cloud into their organization’s products and services will help them to achieve their business priorities. Just under half (47%) say that it will do so “to a great extent”.

Twenty7Tec today announces that it has completed an APPLY integration with Leeds Building Society, enabling users of CloudTwenty7 to seamlessly submit applications to Leeds Building Society without the need for re-keying.

Paymob, Egypt’s pioneer in digital payments, has partnered with Mastercard to launch the Tap-on-Phone digital payment acceptance service in Egypt, the first-of-its-kind in the country.

JUMO, a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million in a new round of funding led by Fidelity Management & Research Company. The company is now valued at $400 million, according to The Times.