RiskSense®, Inc., the pioneer and market leader in pro-active cyber risk management, today announced that it is closing a $7 Million round of funding led by Paladin Capital Group, with participation from Sun Mountain Capital, EPIC Ventures, as well as other strategic and private investors. The investment will help RiskSense continue its rapid growth by expanding its sales and marketing efforts, as well as broadening and accelerating product development. Paladin Capital Group principal Mourad Yesayan will join RiskSense’s board of directors.

Grant Street Group announced that the State of Ohio has implemented PaymentExpress, Grant Street’s electronic payment processing platform, as the new point-of-sale solution for the Department of Public Safety/Bureau of Motor Vehicles (BMV). The Ohio BMV now offers citizens the ability to make payments with credit or debit cards at 191 Deputy Registrar locations and 6 Reinstatement Centers throughout the State.

From Shanghai to São Paulo, Dhaka to Dar es Salaam, tarnished coins and crumpled banknotes are rapidly giving way to a frictionless vision of swipes, clicks, taps, and apps. A report released today finds the boom of mass consumption in major developing markets—and mobile internet access everywhere—fueling a surge in demand for new methods of cashless payment. This is transforming the industry as new competitors and business models rush in to meet the needs of every imaginable consumer cohort and use-case.

Cyber-attacks are a daily occurrence, with bank websites being one of the prime targets.  An industry-led consortium of major banking associations is helping banks fight back with a new secure extension reserved exclusively for banks, appropriately called .BANK

 DHgate.com, Facebook, Tencent, UnionPay, the New Zealand Post and over 150 APEC Business Advisory Council Members, industry players and academics united to form the APEC CBET Network, in order to address the need to provide capacity building to small-and-medium enterprises, so they can utilize cross-border e-commerce to access global markets.

Path Solutions, the global Islamic banking software and services company is pleased to announce it has won the gold award for ‘Islamic Finance Technology Provider of the Year’ at the 2016 IFFSA Awards.

Following the conclusion of the inaugural IFFSA (Islamic Finance Forum for South Asia) which was held on 26^th & 27^thof July 2016 in Sri Lanka, the winners of the IFFSA Awards were announced during an award gala dinner in the evening of 27^th July.

Sigue Global Services Ltd. , the international affiliate of money transfer leader, Sigue Corporation, today announced the launch of its remittance services into Russia and the Commonwealth of Independent States (CIS). Sigue will partner in the territory with Golden Crown, one of the largest payment system networks in Russia with approximately 49,000 agent locations throughout Russia, the CIS, and other countries, including Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Ukraine and Uzbekistan.