86% of firms and 74% of consumers embrace instant payments in 2023
A study by the Federal Reserve has revealed trends in the adoption of digital, faster, and instant payment services among firms and consumers in the US.
Move over Klarna, Checkout.com just became Europe’s most valuable FinTech
Payments solutions provider Checkout.com has closed a $450m Series C funding round at a $15bn valuation, making it Europe's most valuable venture-backed FinTech.
Next Gate Tech lands €8m in Deutsche Börse-backed raise
Next Gate Tech, a provider of technologies for the financial services industry, has raised €8m in an investment round led by DB1 Ventures.
Jumio joins NICE Actimize’s X-Sight Marketplace to assist companies with AML
Digital identity startup Jumio has joined NICE Actimize’s X-Sight Marketplace, an ecosystem designed to assist in financial crime management.
INSHUR launches claim solution for UK customers
Mobile-based auto insurance platform INSHUR has launched an in-house, technology-led, claims solution for UK customers.
FloodFlash unveils sensor-enabled parametric flood insurance for US auto dealers
FloodFlash, a leading provider of parametric flood insurance solutions, has recently launched its Dealer Open Lot program in response to the urgent need to support US businesses, particularly auto dealers, facing the looming threat of severe flooding during the upcoming hurricane season.
FinCEN slams Capital One with $390m fine for “egregious” AML breaches
FinCEN has fined Capital One with a $390m civil money penalty for engaging in both wilful and negligent violations of the Bank Secrecy Act.
ERM and Persefoni partner to ramp up efforts towards net zero
ERM, a pure-play sustainability consultancy, has partnered with climate accounting firm Persefoni to accelerate the path to net zero.
Bank of America’s P2P payments skyrocket through the Zelle app
By incorporating the Zelle banking app, Bank of America has already seen 163 million peer-to-peer (P2) client transactions in 2019. In 2018, 157 transactions were registered.
Calamu lands $16m investment to fuel expansion
Calamu, a company that is building technology to help firms recover from ransomware attacks, has bagged $16.5m in funding.