U.S. Faster Payments Council Report Explores How Digital Assets Can Advance Financial Inclusion
- 1 year 1 month ago
- Payments
The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today announced the publication of a new industry report, Digital Assets and Digital Ledger Technology: A Pathway to Financial Inclusiveness.
Socure Introduces First-Ever Identity Manipulation Risk Score for First-Party Fraud to Combat $100B Crisis in the U.S. Digital Economy
- 1 year 1 month ago
- Security
Socure, the leading AI-driven platform for digital identity verification, fraud prevention, and sanctions screening, today announced the launch of its Identity Manipulation Risk Score, the first-ever cross-industry predictive risk score designed to stop repeat first-party fraud abusers from exploiting the digital economy at scale.
Lili Connect Expands Internationally
- 1 year 1 month ago
- Digital banking
Lili, the financial platform designed for small business owners, today announced that Lili Connect is now available to eligible entrepreneurs who are not U.S. residents, a key milestone in Lili's emerging global footprint. Through Lili Connect, corporate formation services partners can now offer their customers streamlined banking, accounting, and tax preparation solutions.
Six in 10 UK Small Businesses Say Late Payments Prevent Them From Reaching Their Full Potential
- 1 year 1 month ago
- Cash management
A new report from bank payment company GoCardless, commissioned through the Federation of Small Businesses (FSB), has revealed late payments are not only a perennial concern for small and medium businesses (SMBs) -- they’re a growing one too.
Corporate Digital Identity Faces Big Challenges to Roll Out but Offers Huge Rewards if Done Successfully
- 1 year 1 month 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
- 1 year 1 month 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
- 1 year 1 month 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
- 1 year 1 month 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
- 1 year 1 month 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
- 1 year 1 month 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
- 1 year 1 month 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
- 1 year 1 month 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
- 1 year 1 month 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
- 1 year 1 month 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
- 1 year 1 month 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.
