Canadian mortgage tech firm Pineapple Financial raises $1.5m in public offering

May 5, 2025

Pineapple Financial, a Canadian mortgage technology and brokerage company, has announced the pricing of a $1.5m public offering.

Mongolian digital lender LendMN lands $20m debt investment

April 23, 2025

LendMN, a Mongolia-based digital lending platform and subsidiary of AND Global, has secured a $20m debt investment in a funding round advised by Delphos. The...

Firenze teams up with Monument Bank in £160m deal to democratise Lombard loans

February 26, 2025

Firenze, a fast-growing FinTech specialising in Lombard lending for wealth managers, has entered into a strategic partnership with Monument Bank, the UK’s first challenger bank dedicated to the mass-affluent segment.

Capital on Tap lands £750m in new funding to expand SME credit services

February 20, 2025

Capital on Tap has secured two major funding facilities worth £750m to support its expansion and further enhance financial services for small businesses across the UK and US.

Agritech firm Arya.ag secures $30m debt facility from HSBC with GuarantCo backing

January 27, 2025

Arya.ag, an agritech and lending platform, has secured a $30m debt facility through a collaboration with HSBC and GuarantCo, a financial institution under the Private Infrastructure Development Group (PIDG).

ClearScore acquires Aro Finance to boost embedded finance and secured lending

January 7, 2025

The ClearScore Group, a leading global FinTech and data-driven financial marketplace, has announced its acquisition of Aro Finance.

JeelPay secures $6.6m to grow BNPL platform for tuition financing

January 7, 2025

Saudi BNPL company JeelPay, a specialist in education-focused financing solutions, has successfully raised SAR 25m ($6.6m) in a Pre-Series A investment round.

Litigation FinTech Sandfield Capital secures £600m facility for expansion

December 18, 2024

Sandfield Capital, a Liverpool-based litigation FinTech company specialising in loans for legal claims, has secured a £600m facility from Perspective Investments.

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

November 15, 2024

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.