Dubai-based Startup, Wafeq, Raises $3M
- 3 years 3 days ago
- Fundraising News
In 2016, the Gulf Cooperation Council (GCC) member states signed the Value Added Tax (VAT) agreement paving way for the introduction of the general levy on consumption across the region. The United Arabs Emirates (UAE) and Saudi Arabia became the first member states to adopt the treaty in 2018, and its implementation meant that for the first time businesses in these territories were required to file VAT returns periodically.
Reimbursement and Spend Management Platform PayEm Secures $220M in Equity and Debt
- 3 years 3 days ago
- Fundraising News
PayEm, which offers spend and procurement management services, has raised $220m in a mix of equity and credit financing. The funds were supplied by Viola Credit, Mitsubishi Financial Group, Collaborative Fund and others. With this fresh equity, PayEm plans to scale its credit cards operation and support larger customers with its payments platform. Funds will also support the continued development of the platform.
Revolut Announces Ultra, a New Top-tier Membership
- 3 years 3 days ago
- Digital banking
Revolut is to roll out a new super-premium membership plan targeting ambitious, affluent individuals interested in a luxury lifestyle. The new top-tier plan, Ultra, offers users free lounge access at 1200 airports, cashback, and low fees on Revolut investment products. Coming in the Spring, Revolut is inviting new and existing customers to join a waitlist to unlock 5% cashback on purchases made in their first month with Ultra.
Halifax is the First UK Bank to Provide Accessibility Support with Recite Me
- 3 years 3 days ago
- Banking
Halifax has launched a suite of digital accessibility tools on halifax.co.uk to provide an even more inclusive experience for customers on their website. 14.1 million people in the UK live with some form of disability and often face barriers when using the internet.
Form3 Sponsors Payments Association Working Group to Tackle UK Digital and Financial Crime
- 3 years 3 days ago
- Payments
Form3, the cloud-native account-to-account platform, today announces that it is sponsoring the Payment Association’s Project Financial Crime Working Group this year, to address the challenges of tackling increasing levels of digital and financial crime in the UK.
Financial Firms Scaled Investments in Next-Gen Tech in 2022, Signaling New Phase of Digital Transformation
- 3 years 3 days ago
- Artificial Intelligence
A majority of financial services firms now view digital transformation as essential to their business and are already looking to the next wave of technology to help get ahead, according to a new report by Broadridge Financial Solutions, Inc. In the 2023 Digital Transformation and Next-Gen Tech study of 500 C-suite executives and their direct reports across the buy side and sell side globally, 71% said artificial intelligence (AI) is now...
The Citco Group of Companies (Citco) Selects Fenergo’s CLM SaaS Platform to Streamline Client Onboarding and KYC Processes
- 3 years 3 days ago
- AML and KYC
The Citco group of companies (Citco) has moved to streamline the client onboarding and Know Your Customer (KYC) processes after agreeing a deal with digital transformation business, Fenergo, to integrate its client lifecycle management (CLM) platform across Citco.
Simpl Appoints Ashwini Ravindranath as the Vice President of its Partner Success Team
- 3 years 3 days ago
- People Moves
Simpl, India’s foremost 1-tap checkout network, today announced the appointment of Ashwini Ravindranath as Vice President of the Partner Success team. Ashwini will lead the team to build strong relationships with Simpl’s merchant network and own the P&L of the Pay Later business of the organisation. With this strategic hire, Simpl aims to help its onboarded merchant partners achieve their desired business goals.
Over Eight Million People in the UK Using Dishonest Identities
- 3 years 3 days ago
- Security
8.6 million people in the UK have used fake, fraudulent or someone else’s identity in person or online to gain access to goods, services or credit, according to independent research by GBG, the digital identity experts.
iDenfy Unites with Finora Bank to Provide a Full-stack Identity Verification Service
- 3 years 3 days ago
- Digital Identity
The global AI-powered fraud prevention and identity verification startup iDenfy, announced a new partnership with Finora Bank, the Lithuania-based financial service provider for small and medium-sized businesses. With iDenfy’s IDV and AML solutions, Finora Bank will automate compliance and secure the customer onboarding process.
Kneip Becomes Exclusive Provider of Fund Data for Clearstream Fund Centre
- 3 years 3 days ago
- Data
Kneip, a leader in fund data management and reporting solutions for the asset management industry, has become the sole provider of fund data and documents for Clearstream Fund Centre.
Tixee Adds Match-Prime Liquidity as its Liquidity Provider
- 3 years 3 days ago
- Trading Systems
Tixee, an award-winning broker offering a diverse range of trading instruments, decided to cooperate with Match-Prime, Forex and CFD Liquidity Provider, authorised and regulated by CySEC.
finova Launches New Intermediary Manager Platform
- 3 years 3 days ago
- Management
The UK’s largest cloud-based mortgage and savings technology provider, finova, today announces the launch of Intermediary Manager – a data management application that helps lenders better onboard and manages broker relationships.
Digital Asset Research (DAR) Examines FTX Warning Signs and the Future of Crypto Exchange Diligence
- 3 years 3 days ago
- Cryptocurrencies
Digital Asset Research (DAR), an industry-leader in cryptocurrency exchange vetting, today is sharing its reflections on FTX warning signs, missed opportunities to identify issues, and ways to strengthen diligence moving forward. Since 2017, DAR has conducted diligence on centralized crypto exchanges, including FTX, for its institutional clients.
Yooz Celebrates Another Year of Big Wins
- 3 years 3 days ago
- Payments
Yooz, a leading purchase-to-pay (P2P) automation provider, is accelerating into 2023 with a growing list of key clients, growing loyal customer base, internal growth, global recognition and prestigious industry and workplace awards – further positioning the company as a top solution in the FinTech industry. Customer Wins
