ThetaRay Revolutionizes AI Financial Crime Detection with Screena Acquisition
- 6 months 2 days ago
- Security
ThetaRay, the leading provider of AI-powered financial crime detection technology, today announced the acquisition of next-generation European screening company, Screena. The acquisition demonstrates ThetaRay's continuous investment in proprietary technology and reaffirms its mission of enabling banks, fintechs, and regulators to detect financial crime with state-of-the-art AI solutions.
EarnUp Launches AI Advisor, An On-Demand Financial Guru Empowering Users With Hyper-Personalized Insights & Guidance
- 6 months 2 days ago
- Financial
EarnUp Inc., a financial wellness fintech company, announced today its newest product, AI Advisor, the industry’s first and only always-on AI-powered financial guru that helps to automate end-to-end consumer financial wellness. From expert advice to seamless execution, AI Advisor provides financial institutions with the ultimate customer engagement tool.
Safecypher to Drive Safer, More Robust Online Card Payments with the Launch of Evolutionary Technology
- 6 months 2 days ago
- Fraud Detection
Safecypher, one of Europe’s leading card payments security companies, has launched an advanced new anti-fraud technology in partnership with An Post. The Irish Post office will now embed the Safecypher security technology for CNP (Cardholder-Not-Present) payments into its popular An Post Payments app. CNP fraud is one of the most devious and pernicious types of credit and payments card fraud, and CNP global losses predicted for 2024 are $35.8...
Stripe Selects Fifth Third to Power Embedded Financial Services
- 6 months 2 days ago
- PaaS
Fifth Third Bank is pleased to announce a collaborative agreement between Newline™ by Fifth Third, a leading embedded payments provider, and Stripe, a financial infrastructure platform that enables businesses to seamlessly incorporate financial services in their products. Together, Newline™ and Stripe will expand embedded financial services for Stripe’s platform users and their customers.
Brite Payments Builds Momentum with Market Expansion and Key Executive Appointments Amid Industry Accolades
- 6 months 2 days ago
- People Moves
Swedish fintech, Brite Payments, continues to solidify its position as a leader in account-to-account (A2A) payments, also known as ‘Pay by Bank’, with a number of milestones in the first half of 2024 amid widespread industry recognition.
Aveni Secures £11M Investment to Drive AI Revolution in Financial Services
- 6 months 2 days ago
- Fundraising News
AI Fintech Aveni.ai has announced one of the largest Series A investments in a Scottish business this year, amounting to £11 million.
Salaam Somali Bank and Mastercard Launch Innovative Digital-First Multi-Currency Prepaid Card
- 6 months 2 days ago
- Payments
In a significant move towards enhancing digital financial inclusion, Salaam Somali Bank, in collaboration with Mastercard, has announced the launch of a digital-first co-branded multi-currency prepaid card designed to revolutionize digital payment solutions. This strategic collaboration aims to cater to the growing needs of international travelers and diaspora communities by providing secure and convenient means of conducting digital payments...
Airwallex Partners with GoCardless to Strengthen Direct Debit Offering
- 6 months 2 days ago
- Lending
Airwallex, a leading global payments and financial platform for modern businesses, has selected GoCardless to provide direct debit to its customers across several key markets. Through GoCardless Embed, a white-label integration, Airwallex now connects to the GoCardless global bank payment network, helping Airwallex customers to expand into new verticals and use cases where direct debit is preferred.
Payac and Nexi to Deliver Instant Payments to Credit Unions
- 6 months 2 days ago
- Payments
Nexi, the European PayTech, signs an historic agreement with Payac Services CLG, a credit union owned payment services provider, to deliver SEPA Instant payments to all participating credit unions in the Republic of Ireland.
Sumsub Secures ETSI Certifications for Enhanced Identity Verification and Compliance
- 6 months 2 days ago
- Digital Identity
Sumsub, a global full-cycle verification platform, has achieved multiple certifications for conforming to standards set by the European Telecommunications Standards Institute (ETSI). This milestone reflects Sumsub's commitment to meeting the stringent European technical standards for identity proofing and trust services.
Aro Partners with TotallyMoney to Deploy Personal Credit Matching
- 6 months 2 days ago
- Lending
Aro, the UK’s go-to embedded finance partner for brands, has today announced its partnership with personal finance app, TotallyMoney to bring personalised credit matching capabilities to secured loan customers.
WorldFirst World Account Enables Instant Cross-Border Business Payment Function in Over 200 Markets
- 6 months 2 days ago
- Payments
WorldFirst, a one-stop digital payment and financial services platform for global businesses, especially serving SMEs in international trade, has launched a function to enable real-time payment between holders of its flagship multicurrency business account World Account as WorldFirst continues to increase speed and efficiency of secure international business payment.
Mintos Launches Smart Cash in Spain: Maximizing Cash Holdings via BlackRock-Managed Fund
- 6 months 2 days ago
- Cash management
Mintos, a leading multi-asset platform offering a unique mix of alternative and traditional investment options, is delighted to announce the launch of its latest product in Spain: Mintos Smart Cash. This money market fund offering greatly adds to the loans, bonds, ETFs, and real estate already available on Mintos.
FINMA Publishes Guidance on Stablecoins
- 6 months 3 days ago
- Payments
The Swiss Financial Market Supervisory Authority FINMA today published guidance on the issuance of stablecoins. In it, it comments on default guarantees, the associated risks and discloses its practice on stablecoins. It further draws attention to the increased risks in the area of money laundering.
Reputations on the Line Globally – The Rise of Fraud and the Devastating Impact on UK Ecommerce
- 6 months 3 days ago
- E-Commerce
Failing to tackle online fraud is increasingly damaging the brand reputation and the bottom line for thousands of businesses around the globe, new research reveals.
