FinTech News

Pipe and GoCardless partner to revolutionise SME capital access in the UK

Pipe, a FinTech company known for its embedded financial solutions, and GoCardless, a bank payment firm, have recently entered into a partnership aimed at transforming capital access for small and medium-sized enterprises (SMEs) in the UK.

Global payment infrastructure boosted as Tillster secures new funding with Stripe

Tillster, a leading global provider of unified commerce solutions for restaurant brands, has recently expanded its partnership with Stripe, a major player in financial infrastructure.

Moneybox raises £70m in new investment, valuation hits £550m

Moneybox, the award-winning UK saving and investing platform, announced today that it has welcomed new investors Apis Global Growth Fund III and Amundi, enhancing its robust investor base.
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How AI is enhancing real-time data for investors

Data management is a vital part of the investment management world and new advancements in technology, particularly AI, is helping to transform how investors and portfolio managers can leverage their data.
Socket raises $40m in Series B to enhance software supply chain security

Socket raises $40m in Series B to enhance software supply chain security

Socket, a leading platform in software supply chain security, has just secured a significant $40m in Series B funding.

Flexential secures strategic investment to fuel growth and expansion in data center solutions

Flexential, a leader in secure and flexible data center solutions, today announced a strategic investment from Morgan Stanley Infrastructure Partners (MSIP).

Harnessing federated learning to mitigate de-risking and combat financial crime

Consilient examines the de-risking trend, which involves financial institutions exiting markets and cutting ties with client categories to mitigate financial crime risks.

The crucial need for Best Execution Monitoring in today’s regulatory environment

Recent regulatory developments have underscored the necessity for investment firms to ensure the protection of their clients' interests diligently.
AFS

AFS secures $50m capital boost to expand digital payment solutions

Arab Financial Services, a digital payments solutions firm and FinTech enabler in the Middle East and Africa, has successfully secured $50m. 
stablecoins

Stablecoins set to dominate payment landscape by 2029

Next Generation has projected an impressive growth trajectory for stablecoins, expecting them to emerge as the primary settlement and payment instruments by 2029. According...

News Stories

Diverse week for FinTech as $1.1bn raised across 17 deals

Diverse week for FinTech as $1.1bn raised across 17 deals

It was a diverse week for FinTech funding, with deals closing across nine different countries.  There were a total of 17 FinTech funding rounds covered...
Sift enhances fraud insights with new metrics in industry benchmark tool

Sift enhances fraud insights with new metrics in industry benchmark tool

Sift, a leading AI-powered fraud prevention platform, has introduced significant updates to its Fraud Industry Benchmarking Resource (FIBR), a free online tool designed to provide key fraud metrics across various industries, geographies, and timeframes.
Bitsight acquires Cybersixgill in $115m deal to enhance cyber threat intelligence

Bitsight acquires Cybersixgill in $115m deal to enhance cyber threat intelligence

Bitsight, a global leader in cyber risk management, has announced its $115m acquisition of Cybersixgill, a prominent cyber threat intelligence (CTI) provider. This strategic move...
FinCEN issues alert on deepfake fraud schemes targeting financial institutions

FinCEN issues alert on deepfake fraud schemes targeting financial institutions

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a critical alert to assist financial institutions in identifying and addressing fraud schemes involving deepfake media created with generative AI (GenAI) tools.
change communication methods during a verification check.Some identity verification solutions may also flag possible attempts to circumvent verification checks, such as the use of third-party webcam plugins, which can let a customer display previously generated video rather than live video. Use of Deepfake Media in Phishing Attacks and Scams Criminals may also target financial institution customers and employees through sophisticated, GenAI-enabled social engineering attempts in support of other scams and fraud typologies, such as business email compromise (BEC) schemes, spear phishing attacks, elder financial exploitation, romance scams, and virtual currency investment scams.24For example, in family emergency schemes, scammers may use deepfake voices or videos to impersonate a victim’s family member, friend, or other trusted individual.25Similarly, criminals have reportedly used GenAI tools to target companies by impersonating an executive or other trusted employee and then instructing victims to transfer large sums or make payments to accounts ultimately under the scammer’s control.26 Financial Red Flag Indicators of Deepfake Media Abuse FinCEN identified the following red flag indicators to help financial institutions detect, prevent, and report potential suspicious activity related to the use of GenAI tools for illicit purposes.As no single red flag is necessarily indicative of illicit or suspicious activity, financial institutions should consider the surrounding facts and circumstances before determining whether a specific transaction is suspicious or associated with illicit use of GenAI tools. A customer’s photo is internally inconsistent (e.g., shows visual tells of being altered) or is inconsistent with their other identifying information (e.g., a customer’s date of birth indicates that they are much older or younger than the photo would suggest). A customer presents multiple identity documents that are inconsistent with each other.

Folks Finance secures $3.2m in Series A to advance crosschain DeFi solutions

Folks Finance, a DeFi platform specialising in lending, borrowing, and managing digital assets across multiple blockchains, has announced it raised $3.2m in an oversubscribed Series A funding round.

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