Kompliant Announces Strategic Relationship with the Digital Solutions Team at Equifax to Deliver Fraud Prevention and Risk Management Solutions
- 1 year 2 weeks ago
- Security
Building on its promise to provide customers with a best-in-class experience while decreasing compliance risk, Kompliant, a leading provider of intelligent automation, is further elevating the merchant underwriting process, by announcing a partnership with the Digital Solutions team at Equifax to provide the powerful suite of Kount solutions for fraud and risk management.
Aviva Secures $5.5 Million in Seed Investment Round
- 1 year 2 weeks ago
- Fundraising News
Aviva is thrilled to announce the successful closure of its $5.5 million seed investment round. This funding round was oversubscribed, underscoring the robust unit economics of Aviva's innovative phygital model and its commitment to delivering accessible financial services to the 70 million underserved individuals in the market.
Tuum Partners with ComplyAdvantage to Deliver Faster Compliance, Reduced Risk, and Enhanced Operational Efficiency
- 1 year 2 weeks ago
- Compliance
Tuum, a leading next-generation core banking platform, is proud to announce its partnership with ComplyAdvantage, a leader in financial crime intelligence. This strategic partnership leverages Tuum’s API-first approach to integrate best-of-breed complementary solutions, ensuring that financial institutions can meet their unique needs effectively and efficiently with a modern solution, providing advanced tools to detect and prevent financial...
MNT-Halan Expands into Turkey with Acquisition of Tam Finans and Raises $157.5 Million
- 1 year 2 weeks ago
- Fundraising News
MNT-Halan, Egypt’s largest non-bank financial institution and fintech, has acquired Tam Finans, a leading commercial finance company in Turkey with a loan book exceeding US $300 million, from Actera Group, the country’s leading private equity firm, and the European Bank for Reconstruction and Development. Terms of the transaction were not disclosed.
Barclays Appoints Jonathon Traer-Clark as Head of Americas for Global Transaction Banking
- 1 year 2 weeks ago
- People Moves
Barclays today announced the appointment of Jonathon Traer-Clark as Head of Americas for its Global Transaction Banking business.
JPMorgan Chase Reveals AI Tool for Research Analyst Tasks
- 1 year 2 weeks ago
- Artificial Intelligence
JPMorgan Chase has unveiled its latest innovation, LLM Suite, a proprietary generative artificial intelligence platform designed to enhance productivity and research capabilities across its asset and wealth management division. This new tool, developed in-house, represents a significant advancement in the bank’s AI strategy and aims to transform how its employees perform critical tasks.
Layer2 Financial Secures $10.7M in Series A Funding
- 1 year 2 weeks ago
- Fundraising News
Layer2 Financial is thrilled to announce the successful close of their $10.7 million Series A funding round, led by Galaxy Ventures with key support from Accomplice. This funding validates the innovative work Layer2 has done in bridging digital and traditional fiat systems. Founded by Tarun and his co-founder, Layer2 aims to revolutionize global money movement. With this new funding, they are set to enhance cross-border payments, making them...
PAYSTRAX has Selected Featurespace to Tackle Fraud Across Europe, Demonstrating the Strength of its Fraud Prevention Technology
- 1 year 2 weeks ago
- Payments
PAYSTRAX, the payment processing solution for merchants across the EU and UK, has teamed up with global fraud and financial crime prevention company Featurespace to enhance security measures against fraudulent activities.
Wolters Kluwer Harnesses GenAI for Enhanced Tax and Legal Research
- 1 year 2 weeks ago
- Artificial Intelligence
Wolters Kluwer Tax & Accounting Asia Pacific, a leader in professional information, software solutions, and services, announces important GenAI-enabled enhancements to CCH iKnowConnect, its prominent tax and legal research platform.
UK Data Breach Costs Soar to £3.58M: Financial Services Hit Hardest, Says IBM Report
- 1 year 2 weeks ago
- Security
The average cost of a data breach in the UK rose to £3.58 million between March 2023 and February 2024, marking a 5% increase from the previous year and reversing a previous decline. Financial services experienced the highest costs, followed by professional services and technology sectors, each averaging over £5.4 million per breach.
Pay.UK Strengthens Executive Leadership Team with COO Appointment
- 1 year 2 weeks ago
- People Moves
Pay.UK, the independent, not-for-profit operator of the UK’s national retail payments systems, including Faster Payments, Bacs and Direct Debit, has announced the appointment of David Morris to the newly created role of Chief Operating Officer (COO). Morris previously held the role of Chief Technology Officer at Pay.UK and today assume the new position.
Tribe Payments’ Series of New Hires Reinforce Ambitious Growth Plans
- 1 year 2 weeks ago
- People Moves
Tribe Payments, the pioneering digital payments and infrastructure orchestrator which specialises in issuer and acquirer processing, continues its rapid expansion with key appointments to its leadership team.
87% of Banks are Using Other Banks' Services to Execute Their Payments Offerings
- 1 year 2 weeks ago
- Banking
A study conducted by Tietoevry in collaboration with Finextra Research found that 87% of banks rely at least in part on other banks in order to implement their service offerings. This reflects a growing trend towards partnership and collaboration in the financial industry.
Flutterwave’s Ghana Payment License Paves Way for Secure Transactions
- 1 year 2 weeks ago
- Payments
Flutterwave, a leading payments technology company, has recently been granted a Payment Service Provider license by the Bank of Ghana. The milestone marks a significant expansion of Flutterwave’s operations in Africa, enabling the company to offer a comprehensive suite of payment services directly within, and through Ghana.
Finastra and Tech Mahindra Sign Strategic Partnership to Accelerate Digital Transformation for Corporate Banks
- 1 year 2 weeks ago
- Banking
Tech Mahindra, a leading global provider of technology consulting and digital solutions to enterprises across industries, has announced a strategic partnership with Finastra, a global provider of financial software applications and marketplaces, to help corporate banks accelerate their digital transformation journe
