Stitch Secures $10 Million in Funding to Simplify Banking and Payments Innovation
- 1 year 4 months ago
- Fundraising News
Stitch, the unified platform for launching and scaling financial products, today announced the successful closing of a $10 million seed round. The Saudi Arabia headquartered company attracted investments from leading investors including Arbor Ventures, COTU Ventures, Raed Ventures, and SVC. The round has also had participation from various family offices and industry veterans including Marqeta's founder Jason Gardner, and Abdulmalik AlSheikh who...
Visa Asia Pacific Announces New Era of AI-Driven Commerce
- 1 year 4 months ago
- Payments
The future of commerce in Asia Pacific is on display at the Visa Asia Pacific Media Showcase, where the company announced a suite of product innovations and strategic partnerships to enable a new era of commerce for the region.
Monarch Secures $75 Million in Series B Funding to Expand Financial Wellness Platform
- 1 year 4 months ago
- Fundraising News
Monarch has announced the successful raise of $75 million in Series B financing. The round was co-led by Wesley Chan of FPV Ventures and Eurie Kim of Forerunner Ventures, with participation from existing investors Menlo Ventures, Accel, SignalFire, and Clocktower Ventures.
Westpac Deploys Real-Time AI to Take On Scammers
- 1 year 4 months ago
- Artificial Intelligence
Westpac has introduced a new AI-powered call assistant aimed at tackling scams as they happen. Currently in pilot with the bank’s specialist scam and fraud team, the tool is designed to identify signs of a scam during live customer calls and support operators in responding swiftly and consistently.
Wirex Limited Appoints Chet Shah as CEO to Lead the Next Phase of Strategic Growth
- 1 year 4 months ago
- People Moves
Wirex Limited, a UK regulated- payments platform and card issuer, has appointed Chet Shah as its new Chief Executive Officer. After three transformative years as the Chief Risk & Compliance Officer (CRCO) - during which he built a best-in-class team and significantly strengthened the firm's risk and compliance functions - Chet will now lead the company into a new era of growth, responsibility, and innovation.
Emily Turner Starts Role as CEO of HSBC Innovation Banking UK
- 1 year 4 months ago
- People Moves
Emily Turner will officially become CEO of HSBC Innovation Banking UK from 1 June, after receiving regulatory approval. Emily joined HSBC Innovation Banking UK in February 2025 as incoming CEO and has spent the past few months getting to know the business, meeting clients, and engaging with colleagues. Interim CEO, Simon Bumfrey, will resume his role as Head of Banking at HSBC Innovation Banking UK.
Wages Growth Impacts P2P Market Returns the Most
- 1 year 4 months ago
- Lending
Robocash analysts have identified six key factors influencing the profitability of the European P2P market. According to the results, wage and GDP growth has the most importance here. The average yield of the European P2P market in 2024 ranged from 5.41% to 15.73%. Robocash analysts have determined that more than 95% of the variation in rates can be explained by six parameters.
Sage Scales Embedded Services to North America and Europe to Help Platform Partners Serve SMBs Better
- 1 year 4 months ago
- Infrastructure
Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), today announced the global expansion of Sage Embedded Services.
bolttech Powers Generative AI-Driven Hyper-Personalized Customer Service on Amazon Web Services
- 1 year 4 months ago
- Insurtech
Amazon Web Services (AWS), an Amazon.com company, today announced that bolttech, a Singapore-headquartered international insurtech company, is implementing AWS’s generative artificial intelligence (Gen AI) solutions across their customer- and internal-workflows, enhancing operational efficiency and customer experiences while reducing costs.
Raindrop Reunites Savers with Over £500 Million in Lost Pension Pots
- 1 year 4 months ago
- Personal Finance
Pension finding platform, Raindrop has tracked down over 50,000 lost pension pots for UK savers since launch. Raindrop’s technology has also recovered over £500 million in lost pension savings during the same period.
Coinbase Selects Irdeto to Disrupt Piracy and Cybercrime
- 1 year 4 months ago
- Cybersecurity
Irdeto, the world leader in digital platform security, today announced a partnership with Coinbase, the leading cryptocurrency platform in the United States.
Eltropy Launches Office Phone to Unify Telephony for CFIs
- 1 year 4 months ago
- Banking
Eltropy, the leading AI-powered Unified Conversations Platform for credit unions and community banks, today unveiled “Eltropy Office Phone,” a cloud-native business phone system that integrates with AI-powered modern contact center systems such as Eltropy Voice+ to deliver an enterprise-wide Unified Telephony Experience.
PPRO Launches Subscriptions for Local Payments
- 1 year 4 months ago
- Payments
PPRO, the leading local payments platform, today announced the launch of Subscriptions for Local Payments. The dedicated solution empowers Payment Service Providers (PSPs) and merchants operating in the subscription economy to accelerate growth through optimised local payment strategies.
Experian Issues New Warning as Identity Fraud Soars in 2025
- 1 year 4 months ago
- Security
The level of identity fraud prevented in the first three months of the year has soared by 10%, new insights from Experian reveal. Nearly £130 million of third-party fraud was stopped by financial institutions in Q1 of 2025, up from £118 million compared to the same period in 2024.
Worldpay and Exodus Team Up: Pioneering Native Card Payments for Self-Custodial Crypto Wallets
- 1 year 4 months ago
- Payments
Worldpay® has been a leader in making the purchase of digital currencies more accessible to consumers for more than 10 years and has now been selected by self-custodial wallet* provider, Exodus, to bring a native checkout experience to its users. As a result of this collaboration, Exodus is launching XOPay, a first of its kind solution which allows consumers to purchase cryptocurrencies directly within a self-custodial wallet using a credit or...
