Capitolis Announces Strategic Investments
- 10 months 3 weeks ago
- Fundraising News
Capitolis, the financial technology company, today announced additional strategic investments from leading global banks and venture capital firms. New bank investors Barclays and BNP Paribas join J.P. Morgan, an existing Capitolis investor, as well as Citi, Morgan Stanley, State Street, and UBS—all of which previously invested in this round.
Casap Raises $25M Series A to Revolutionize Payment Disputes With AI and Eliminate First Party Fraud Losses
- 10 months 3 weeks ago
- Fundraising News
Casap, the leader in intelligent automation for dispute and fraud operations, has raised $25 million in Series A funding led by Emergence Capital, with participation from Lightspeed Venture Partners, Primary Venture Partners, SoFi and others. This brings Casap’s total funding to $33.5 million and sets a new record for venture investment in the payment disputes category.
Ledgible and BitGo Partner to Empower Institutional Crypto Clients With End-to-End Tax Compliance Solutions
- 10 months 3 weeks ago
- Tax Authorities
Ledgible, the leading digital asset tax and accounting platform for enterprises and institutions, today announced its partnership with BitGo, the leading infrastructure provider of digital asset solutions. The collaboration brings best-in-class tax reporting and compliance solutions to BitGo clients, rounding out BitGo’s offering with full tax lifecycle support.
GPT 5.0 Launch Sparks Fresh Concern for Finance Teams Battling AI-Driven Expense Fraud
- 10 months 3 weeks ago
- Fraud Detection
As the world reacts to the launch of GPT-5.0, a new survey from spend management leader, Medius, reveals a mounting crisis for finance professionals already struggling to detect AI-generated expense fraud. With nearly a third (32%) of respondents admitting they wouldn’t recognize a fake expense report if it came across their desk, the arrival of a more powerful generative AI model threatens to only widen an already dangerous gap in business...
Wirex Integrates tGBP, Bringing Regulated Tokenised GBP to 6 Million Users
- 10 months 3 weeks ago
- Cryptocurrencies
Wirex, a global leader in Web3 payments and digital finance, has announced the integration of tGBP – a fully backed, on-chain representation of the British Pound Sterling – into its platform. This move enables over six million users across 130+ countries to access and transact with a regulated, fiat-pegged digital pound issued by a UK-based, FCA-registered cryptoasset firm.
Digital Lending Gets Smarter: TruStage Modernizes Lending Protection With Simplified, Real-Time Solution
- 10 months 3 weeks ago
- Lending
TruStage™, a leading insurance and financial services provider, announced key enhancements to the digital lending process, simplifying the insurance experience for both the borrower and their financial institution. The updated digital purchase solution gives customers the ability to opt-in to payment protection directly within their loan application, automatically integrating protection into loan documents.
FCA Sets Out Changes to Payment Safeguarding Rules
- 10 months 3 weeks ago
- RegTech
Safeguarding means that customer money must be kept separate from the firm’s own money so that it is available to be returned if the firm fails.
Socure and Baselayer Partner to Deliver Next-Gen Business Identity Verification via RiskOS™
- 10 months 3 weeks ago
- Digital Identity
Socure, the leading provider of AI-powered digital identity verification, compliance, and fraud prevention solutions, today announced a strategic partnership and integration with Baselayer, the market-leading Business Identity, Credit, and Fraud provider. By embedding Baselayer's high-fidelity business verification and fraud signals into the RiskOS™ platform, the partnership enables Socure customers to onboard 100% of good business applications.
Sygnum Bank Announces SUI Support for Clients on the Back of Serving as Banking Partner to Sui Foundation
- 10 months 3 weeks ago
- Asset Management
Sygnum, a global digital asset banking group, today announces a variety of accessible custody, trading, and lending solutions for layer-one cryptocurrency, SUI, broadening access for professional and institutional clients to the Sui ecosystem. Sygnum’s regulated product portfolio and bank-grade infrastructure provides Sui with a trusted gateway to tap into the accelerating inflows from financial institutions, banks, asset managers and High Net...
Brex Secures EU Payment Institution License, Unlocking Next Phase of Global Expansion
- 10 months 3 weeks ago
- Payments
Brex, the intelligent finance platform, today announced that it has secured its Payment Institution (PI) license in the European Union, via the Netherlands. This marks a significant step in Brex's mission to serve high-growth businesses across key international markets where they currently operate.
Payroc Completes Acquisition of Agilisa Technologies
- 10 months 3 weeks ago
- Payments
Payroc today announced the acquisition of Agilisa Technologies, an API-centric payment gateway headquartered in Santo Domingo, Dominican Republic. This strategic move strengthens Payroc's position as a global leader in payment processing delivering unparalleled value to our merchants and partners.
NEA-Backed NG.CASH Announces the Close of $26.5M Series B
- 10 months 3 weeks ago
- Fundraising News
NG.CASH, a consumer fintech platform built to serve Brazil’s digital-first generation, has announced the close of a $26.5 million Series B funding round. The investment was led by New Enterprise Associates (NEA) with participation from Quantum Light, the innovation-focused fund launched by Revolut founder Nikolay Storonsky, Monashees, Andreessen Horowitz (a16z), Endeavor Catalyst, 17Sigma, founded by Ualá founder Pierpaolo Barbieri who is also...
Credit Sesame Enlists Green Dot to Enhance Sesame Cash Digital Banking Offering
- 10 months 3 weeks ago
- Digital banking
Credit Sesame, one of the first platforms to provide consumers free and ongoing access to their full credit information and profile, is partnering with Green Dot Corporation to power and enhance its Sesame Cash smart digital banking service designed to help customers grow their savings. Leveraging Green Dot’s embedded finance platform, Arc, Credit Sesame will offer users access to FDIC-insured demand deposit accounts (DDAs) at launch.
Clip Introduces the New Device Clip Ultra, Consolidating Its Position as Mexico's Leading Digital Commerce Platform
- 10 months 3 weeks ago
- E-Commerce
Clip, Mexico's leading digital commerce platform, has introduced its new device, Clip Ultra. It joins the company's suite of point-of-sale terminals, offering special features for all types of businesses across the country.
FCA Secures Convictions Against Individual for £1.3M Ponzi Scheme
- 10 months 3 weeks ago
- Fraud Detection
Daniel Pugh has been found guilty of fraud, following a prosecution by the FCA. Mr Pugh, aged 35 and of Devon, set up a Ponzi scheme that netted over £1m. Through his fraudulent Imperial Investment Fund (IIF), Mr Pugh took money from 238 investors he targeted largely through Facebook adverts. They were offered impossibly high returns of 1.4% a day, 7% a week or 350% a year.
