Latest news

Competition Heats Up as Nominations Continue for UF AWARDS MEA 2024

1 year 2 months ago
FinTech StartUps

Nothing makes a louder statement in a tight industry than being acknowledged as elite amongst your peers. This includes the growing anticipation and hype surrounding the prestigious UF AWARDS MEA 2024, as nominations continue to pour in for the industry’s best performing brands. Indeed, the stage is set for this January with these distinguished honours being given out during the upcoming iFX EXPO Dubai 2024.

Mondu Partners with Mangopay to Fuel Growth in B2B Marketplaces Through Flexible Payments

1 year 2 months ago
Payments

Mondu, the fast-growing B2B payments company, today announces a new collaboration with Mangopay, a modular and flexible payment infrastructure provider for marketplaces and platforms.

Almost Three in Ten (29%) UK Consumers Who Missed a Payment or Went Into Their Overdraft Have Done So Despite Having Funds in Another Account

1 year 2 months ago
Payments

UK consumers are missing important payments due to the antiquated payment solutions on offer to them, potentially damaging their long-term financial wellbeing, and limiting their choices when it comes to credit. According to new research by Moneyhub’s Payments Division, three in ten (33%) UK consumers say they have missed a payment in the past year with 8.3% missing payments each month. The most commonly missed payments are:

Lucinity Estimates $27 Billion Annual Savings for Banks Through Generative AI Upskilling

1 year 2 months ago
Artificial Intelligence, Banking

Lucinity, the leader in AI for financial crime prevention, estimates that the recent advancements in generative AI can save the banking industry $27 billion annually in training and staff costs. Generative AI has the potential to significantly enhance the skills of less-experienced workers, improve the quality of their output, and result in substantial cost savings for the banking sector.

As Default Rates Rise, 70 Percent of Financial Services Executives Lack Confidence in Their Ability to Modify Risk Decisioning at Speed

1 year 2 months ago
Risk Management

As credit default and fraud rates rise, 70 percent of financial services executives are not confident in their ability to modify risk decisioning quickly to keep pace with shifts in consumer behavior and the economy. Additionally, 43 percent say identifying fraud is a top challenge, yet only 7 percent report their anti-fraud measures are completely effective, according to a new survey conducted by Provenir, a global leader in AI-powered risk...

Toqio Announces Evolution of Platform to Accelerate Embedded Finance Adoption

1 year 2 months ago
PaaS

Toqio, the market’s premier configurable embedded finance platform, has announced a major shift from being a simple SaaS financial service development portal to being a fully customizable embedded finance orchestration platform. The company has also announced Kunal Galav as its new VP of Product to keep building and improving powerful and user-friendly tools to enable customers to create financial service experiences that matter.

Taulia Adds Bank of China And BNP Paribas to Its Funder Network

1 year 2 months ago
FinTech StartUps

Taulia, a leading provider of working capital management solutions, today announced it has added the Bank of China London Branch, and BNP Paribas to its global multi-funder network.

ITRS appoints James Colquhoun as Chief Financial Officer

1 year 2 months ago
People Moves

ITRS, the leading provider of real-time estate monitoring and analytics software to global financial institutions, today announces that it has appointed James Colquhoun as Chief Financial Officer (CFO).

Mercurity Fintech Holding Inc. Announces $6 Million Private Placement Financing

1 year 2 months ago
Investment

Mercurity Fintech Holding Inc., a digital fintech group, is pleased to announce that on November 30, 2023, it priced a private investment in public equity (“PIPE”) offering, through which it sold an aggregate of 14,251,781 units of its securities, each consisting of one (1) ordinary share and three (3) warrants, to one non-U.S. institutional investor at an offering price of $0.421 per unit, for the gross proceeds of $6 million (the "Gross...

emerchantpay Partners with Rubean AG to Launch SoftPOS solution

1 year 2 months ago
e-Payments

emerchantpay, a leading global payment service provider and acquirer announces that it will be partnering with Germany-based fintech company Rubean AG, Munich, to offer Rubean’s PhonePOS, a Software Point of Sales (SoftPOS) solution for Android devices, to partners and merchants in the UK and Europe.

The Continental European P2P Market to Grow by 20% in 2024

1 year 2 months ago
P2P Lending

Robo.cash forecasts that the P2P lending market in continental Europe will reach 579.2 M euros in December 2024. The main trends for the coming year include elevated market polarization, entry into new geographies and expansion of investor opportunities.

Oxane Achieves ISO 27001 and SOC Security Accreditations

1 year 2 months ago
Security

Oxane Partners("Oxane"), a leading technology-driven solutions provider to private markets, announced today that it has achieved global information security accreditations by successfully completing Systems and Organizations Control (SOC) audits and the International Organization For Standardization (ISO) 27001 certifications. These accreditations underscore Oxane's commitment to maintaining the highest standards in information security, data...

Adyen and Klarna Extend Global Strategic Partnership

1 year 2 months ago
Payments

Adyen, the global financial technology platform for many of the world's leading companies, is proud to announce the company is strengthening its global partnership with Klarna, the AI powered global payments network and shopping assistant. In this new partnership, Klarna will benefit from Adyen’s acquiring capabilities to simplify card payments for Klarna's 150 million consumers and 500,000 retail partners globally.

Report Highlights Need for Banking Hubs as Million at Risk of No Local Branch

1 year 2 months ago
Banking

Nearly a million customers across the UK are at risk of having no major bank branch in their local area within a matter of months, according to a new study on the state of banking in the UK.