Top Stories

Stori secures US$212 million investment

Stori, the Mexican FinTech unicorn, has announced a new round of equity and debt financing totaling US$212 million.   The total includes US$105 million in equity led by Notable Capital and BAI with participation from new and existing investors ACE Redpo...

Airwallex research reveals 66% of global travel companies see their fragile margins eroded by inefficient payment systems 

New research has revealed 66% of travel companies are seeing their profit margins impacted by outdated or complicated payment systems, with nine in 10 expected to prioritise modernising their financial operations this year.  In a report released today...

Payset partners with ClearBank  

Payset, an online payments platform that provides a diverse suite of payment solutions for both individuals and companies, has partnered with ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, to allow it to access...

Britons are struggling with financial language fluency, and it’s costing the nation over £6b per annum 

Klarna, the AI-powered global payments network and shopping assistant, released the results of a national survey exploring financial language understanding across the UK.   The report, part of Klarna’s commitment to improving greater...

PayPal names Srini Venkatesan as Chief Technology Officer 

PayPal Holdings, has announced the appointment of Srini Venkatesan as Chief Technology Officer (CTO), reporting to PayPal President and CEO Alex Chriss. In this role, Venkatesan will lead the development and implementation of technology across the entire...

NatWest integrates OneID in Adobe Acrobat Sign 

The integration reinforces NatWest’s commitment to leveraging innovative technologies to deliver seamless, simplified, and secure customer experiences.  Setting a precedent for other UK banks, NatWest Bank will use OneID’s bank-verified digital identity sol...

Revolut’s revenues surpass US$2.2b, with record profits of US$545m in 2023 

Revolut released its Annual Report for the year ending 31 December 2023.   Revolut delivered record profits and revenue growth, while navigating an increasingly complex geopolitical, macro-economic, and regulatory environment.   Group revenue i...

What does a new government mean for SMBs and bookkeeping?

A new government was elected in the UK in July leading to a change from Conservative to Labour. New governments are always keen to bring in new policies and changes and this will always affect small- and medium-sized businesses (SMBs). At this early stage,...

NTT DATA partners with Lynx to revolutionise fraud detection in financial services industry

NTT DATA, a global leader in business and technology services, has announced its strategic partnership with Lynx Tech, a revolutionary fintech company specialising in AI-driven fraud detection. This collaboration will leverage NTT DATA’s network and e...

Accenture and SandboxAQ expand partnership to help organisations strengthen data encryption

Joint offering increases observability and identification of key cyber-risks to enterprise data. Accenture and SandboxAQ are expanding their partnership to address the critical need for enterprise data encryption that can defend against current data...

SAS and Axslogic team up to empower data-driven credit portfolio management

Axslogic’s Winnow is now powered by SAS Viya’s platform to elevate risk management. SAS and Axslogic are collaborating to provide financial institutions with end-to-end customer journey and life cycle management solutions. By leveraging SAS Viya 4 t...

The process of hyper-regulation in asset management has sped up

We hear from José Fernando Martínez, Chief Compliance Officer at MAPFRE AM. He discusses the rise in regulation in the asset management industry over the past 26 years, the same number of years he’s been working at MAPFRE AM. In fact, he notes that there’s been ...