OnPay, a leading provider of payroll, HR, and benefits solutions, has announced it has raised over $100m in new funding.

Marketplace risk encompasses vulnerabilities that can undermine the integrity, functionality, or trustworthiness of an online platform. These risks may stem from fraudulent activities, operational inefficiencies, or external threats such as cyberattacks. According to AIPrise, consider the example of counterfeit products appearing on a marketplace. Such incidents can deceive buyers, leading to a loss of trust and diminished user engagement. Similarly,...

Experian, a major player in consumer credit reporting, is currently under legal scrutiny by the Consumer Financial Protection Bureau (CFPB). The agency has initiated a lawsuit against Experian for its alleged failure to conduct adequate investigations into consumer disputes, a practice mandated by federal law. This legal challenge accentuates the critical need for accuracy and due diligence in handling...

Money Squirrel has introduced an open banking-powered app specifically designed to assist UK businesses in enhancing their cashflow management. According to Finextra, the company, recognized for its innovative financial solutions, aims to simplify financial operations for small and medium-sized enterprises. The new product stems from a direct need to address the common challenges faced by business owners in managing financial obligations...

IDV is critical in confirming that a person's claimed identity corresponds with their actual identity. It typically involves checking government-issued documents like passports or driving licences and may include other data points such as proof of address. According to FullCircl, for businesses, especially online, ID verification is vital to preventing identity theft and account takeovers. It ensures compliance with laws...

Integrating legacy systems with cutting-edge technologies like cloud computing, big data analytics, and AI can offer companies a more comprehensive understanding of their clients’ preferences and needs, facilitating even more targeted and effective communication. However, to achieve this level of sophistication, selecting the right digital customer communications platform is essential. Customer experience automation specialists Ushur has put together a vital...

Kasisto has announced the strategic appointment of Joshua Schechter as its new Chief Product & Innovation Officer.

The BIS Committee on Payments and Market Infrastructures (CPMI) has recently announced strides in enhancing cross-border payment systems.

Insly, a low-code software provider for the insurance sector, has revealed it has joined the Underwriting Agencies Council (UAC). The decision to join the UAC comes as part of its strategy to strengthen its relationships with Australian underwriting agencies and insurers, according to InsurTech Insights. As a UAC Business Services member, Insly will gain access to a network of over 120...

Money laundering represents a severe threat not only to the integrity of global financial systems but also contributes to grave social injustices, including human trafficking. According to SmartSearch, at its core, human trafficking is a $150bn industry that thrives on forced labor, sexual exploitation, and various forms of abuse, operating through well-organized crime syndicates worldwide. The grim reality is that...