Corporate Digital Identity Faces Big Challenges to Roll Out but Offers Huge Rewards if Done Successfully
- 11 months 2 weeks ago
- Digital Identity
Nations around the world have widely differing levels of maturity when it comes to corporate digital identity. But according to Umazi, a next-generation compliance and digital identity platform leveraging AI and Web3 to automate due diligence and risk assessments, while here in the UK business and government face a number of challenges to its roll-out, the rewards could not be greater.
Regula Increases Its Global User Base by 52% Amid Rising Identity Verification Demands
- 11 months 2 weeks ago
- Digital Identity
Regula, a global developer of forensic devices and identity verification (IDV) solutions, is now providing advanced IDV software technologies to 152 million online users worldwide. This new milestone marks an impressive growth of 52% compared to the previous year. Among the main drivers of wider IDV adoption, Regula points out the rising need for advanced anti-fraud solutions, regulatory shifts, and digital transformation initiatives.
OakNorth Pre-Tax Profits Surge to £215M ($272M) as It Surpasses £12.5Bn ($15.7Bn) in Lending and Continues US Expansion
- 11 months 2 weeks ago
- Lending
OakNorth - the leading digital bank for entrepreneurs, by entrepreneurs - today publishes its latest Annual Report, revealing pre-tax profits of £214.8m ($271.6m) in 2024 (FY23 £187.3m / $236.8m). OakNorth provided over £2.1bn ($2.6bn) of gross new lending in 2024, continuing its track-record of supporting ambitious and innovative businesses across the UK and the US.
CFIT Publishes Digital Company ID Plan to Slash Fraud, Saving UK Businesses Billions Annually
- 11 months 2 weeks ago
- Security
The Centre for Finance, Innovation and Technology (CFIT) today publishesits blueprint for fighting economic crime through the introduction of Digital Company ID, which has the potential to revolutionise business in the UK by improving efficiency, security and trust, while saving billions of pounds every year in lost revenue and alleviating the burden of fraud on businesses.
Nexi Group Enables Swiss Merchants to Accept Consumer Payments via WeChat Pay
- 11 months 2 weeks ago
- Payments
Nexi Group, the European PayTech, has collaborated with WeChat Pay to enable Swiss merchants to accept payments at the point of sale (POS) via the WeChat Pay app. The 900 million+ active users of WeChat Pay can now make mobile payments via QR code on compatible POS terminals in Switzerland, accessing a familiar and convenient payment method while travelling in the country.
Tuum Becomes a Mastercard Digital Activity Service Provider (DASP), Powering Secure Digital Payments for Banks and Fintechs
- 11 months 2 weeks ago
- Payments
Tuum, a leading next-generation core banking provider, is proud to announce its new status as a Mastercard Digital Activity Service Provider (DASP), enabling seamless integration with Mastercard Digital Enablement Service (MDES). This partnership empowers banks and fintechs to deliver secure, tokenized digital payments across all major wallets and digital channels—without the need for additional third-party integrations.
TerraPay Partners With Banque du Caire to Enable Seamless Remittance Payouts Across Egypt
- 11 months 2 weeks ago
- Payments
In a strategic move to enhance remittance services in Egypt, TerraPay, a global leader in cross-border payment solutions, has partnered with Banque du Caire (BDC), one of Egypt’s premier financial institutions. This collaboration enables digital payouts to all bank accounts and mobile wallets across Egypt, offering faster, cost-effective, and secure remittance services for the Egyptian diaspora worldwide, as remittances from Egyptian expatriates...
Emirates NBD Enters the Digital Asset Space, Offering Crypto on the Liv X App
- 11 months 2 weeks ago
- Cryptocurrencies
Liv, UAE’s first and largest digital bank launched by Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has consolidated its position as a pioneer of innovation and excellence with the launch of a cryptocurrency offering within its mobile banking app – Liv X. The new offering has been introduced in partnership with Aquanow, a global virtual asset service provider licensed by VARA.
Hex Trust Receives Major Payment Institution License From the Monetary Authority of Singapore
- 11 months 2 weeks ago
- Payments
Hex Technologies Pte Ltd, a leading digital assets financial institution specializing in custody and trading services, announced that it has received a Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS). Issued on March 1, 2025, the license authorizes Hex Trust to provide regulated cross-border money transfer services and Digital Payment Token (DPT) services.
IDnow Announces Strategic Majority Investment From Corsair Capital
- 11 months 2 weeks ago
- Digital Identity
IDnow (or “the Company”), a leading identity verification platform provider in Europe, today announced a new strategic investment from Corsair Capital (“Corsair”), a specialist investment firm targeting payments, software, and business services investments in the financial services market.
FinXP Appoints New Chief Technology Officer and Chief Commercial & Product Officer to Drive Innovation
- 11 months 2 weeks ago
- People Moves
FinXP, an award-winning European payments and banking solutions provider for under-served high risk businesses, appoints Jon Vigier as Chief Technology Officer (CTO) and Marc Conway as Chief Commercial & Product Officer (CCPO). Together, with their extensive industry expertise, they will drive further product innovation, business growth and customer value at FinXP.
IXOPAY Launches Payment Account Reference Solution, Deepening Customer Insights in Digital Commerce
- 11 months 2 weeks ago
- Payments
IXOPAY, a leading provider of enterprise-grade payment orchestration, today announced the launch of its Payment Account Reference (PAR) solution, enabling merchants and payment platforms to link transaction data across multiple payment channels and methods. This gives marketing and customer-facing teams unprecedented visibility into purchasing behavior across payment methods, making PAR a powerful tool for delivering the personalized shopping...
Clear Junction Named as One of Europe’s Fastest Growing Companies for Second Year Running
- 11 months 2 weeks ago
- Infrastructure
Clear Junction, a global leader in cross-border payments for regulated financial institutions, has once again been recognised in the
Mambu Announces Leadership Promotions to Strengthen Global Growth Trajectory
- 11 months 2 weeks ago
- People Moves
Mambu announces the latest additions to its C-Suite, as Ellie Heath and Semhal Tarekegn O’Gorman are promoted to Chief People Officer and Chief Customer Success Officer respectively.
Axyon AI Appoints Giovanni Beliossi as Head of Investment Strategies
- 11 months 2 weeks ago
- People Moves
Axyon AI, a leading tech provider of Predictive AI-powered solutions for the investment management sectors, has announced the appointment of Giovanni Beliossi as Head of Investment Strategies. With over 25 years of experience in financial markets, Beliossi has held management, advisory, and executive roles in traditional and alternative investments, derivatives, and real assets. In this new role, he will leverage his extensive expertise to...
