October 13, 2023 @ 11:10 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has fined Equifax Ltd £11,164,400 for a security breach that exposed UK consumer’s information. The FCA says the security breach is one of the largest cybersecurity breaches in history. The FCA notes that in 2017, hackers accessed the personal… Read More

 Tagged enforcement, equifax, fca, financial conduct authority, hack, Jessica Rusu, therese chambers, uk, united kingdom

October 13, 2023 @ 9:24 am By Omar Faridi  |  

Business funding provider Accelerated Payments announced it has advanced an additional €500 million to businesses globally in the past nine months, bringing the total to €1.5 billion on its sixth anniversary. The amount showcases the strong surge in demand “for the company’s innovative invoice financing… Read More

 Tagged accelerated payments, ireland

October 13, 2023 @ 9:13 am By Omar Faridi  |  

Tandem, the UK’s greener digital bank, has appointed James Streeter as Head of ESG, supporting its drive to keep sustainability at the core of Tandem. In this newly created role, James will aim to “set the environmental, social and governance (ESG) strategy for Tandem; taking… Read More

 Tagged alex mollart, banking, digital bank, esg, sustainability, tandem, tandem bank, uk, united kingdom, virtual banking

October 13, 2023 @ 8:59 am By Omar Faridi  |  

Fintech firm Lopay is pleased to announce that it has secured £6 million in seed funding from three VC firms as well as a string of angel investors. The investment from BACKED VC, Portage and The Venture Collective (TVC) comes after more than 20,000 small businesses across all sectors signed… Read More

 Tagged portage, uk, united kingdom, venture capital

October 13, 2023 @ 8:51 am By Omar Faridi  |  

Revolut, the global financial super app provider with more than 35 million clients  worldwide and nearly 1 million in the United States, is reportedly expanding its presence and moving into new office locations off Wall Street. Europe’s highest-valued Fintech company, at around $33 billion, reveals… Read More

 Tagged Business Expansion, digital banking, financial services, financial super app, fintech adoption, fintech trends, revolut, sid jajodia, united states, us, virtual bank

October 12, 2023 @ 11:29 pm By Omar Faridi  |  

Fiserv, Inc. (NYSE: FI), a global leader in payments and financial technology, announces the acquisition of Skytef, primary distributor of Software Express’s SiTef (Solução Inteligente de Transferência Eletrônica de Fundos), from Fiserv, the leading Electronic Funds Transfer solution in Brazil. Through the acquisition Fiserv strengthens… Read More

 Tagged acquisition, brazil, financial technology, fiserv, latam, latin america, payments, South America

October 12, 2023 @ 11:25 pm By Omar Faridi  |  

Carefull, an AI-powered financial safety platform that helps banks and wealth advisors protect aging customers from scams and money mistakes, announced that it has closed its Series A round with $16.5 million in funding. The investment round was “led by Fin Capital and joined by… Read More

 Tagged ai, artificial intelligence, banking, carefull, fin capital, financial services, funding, investment round, scams

October 12, 2023 @ 11:23 pm By Omar Faridi  |  

Backbase, an Engagement Banking platform provider, is pleased to announce the launch of Grand Central, its Integration Platform-as-a-Service (iPaaS). This offering is set “to empower banks in expediting their modernization and digital transformation endeavors.” Banks spend significant portions of their budgets and resources “on creating,… Read More

 Tagged backbase, digital transformation, engagement banking, financial services, integration, platform as a service

October 12, 2023 @ 8:21 pm By Omar Faridi  |  

Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world’s leading enterprises to Build for Change, announced the Pega Financial Crime and Alerts Investigation Management Accelerator, a new solution that helps financial institutions manage the rising number of risk alerts and more efficiently orchestrate… Read More

 Tagged financial crime, financial institutions, low-code, low-code platform, online security, pegasystems

October 12, 2023 @ 4:26 pm By JD Alois  |  

In a rather vague headline, digital bank and online lender LendingClub (NYSE:LC) says it is aligning its cost structure to the evolving macroeconomic environment. Scott Sanborn, LendingClub CEO, issued the following statement: “We continue to proactively implement various measures to navigate the persistent and ongoing… Read More

 Tagged digital bank, lendingclub, scott sanborn