1Kosmos and Hopae, a digital identity infrastructure platform provider, have announced a global partnership aimed at expanding access to government-issued digital identities across borders. The companies said the partnership is designed to modernise digital onboarding by extending 1Kosmos’ eID coverage through the integration of Hopae Connect, allowing organisations to verify government-backed digital credentials in a secure and interoperable way without...

Revolut Business, a global FinTech platform serving hundreds of thousands of businesses, has launched Subscriptions in the UK, introducing a new in-app billing solution designed to help merchants manage recurring payments. The new Subscriptions feature enables merchants to create, automate and optimise subscription plans directly within the Revolut Business app. By integrating billing, payments and customer management into a single...

Mantas, a company focused on insuring digital infrastructure risks, has emerged from stealth after securing a $1.77m seed funding round to launch parametric insurance for cloud downtime. The seed round includes participation from Nuwa Capital, Suhail Ventures, Plus VC, OQAL Angel Syndicate, and strategic angel investors. The capital will be used to support product development, strengthen risk modelling, and fund early...

Float Financial, a Canadian business finance platform, has secured close to CAD $100m in new funding to expand access to working capital and high-yield business accounts for companies across the country, aiming to unlock more than $1.5bn in annualised spending power. The funding consists of two debt facilities provided by Silicon Valley Bank, a division of First Citizens Bank, alongside...

Nordic challenger bank Lunar, a digital full-service bank serving consumers and businesses, has announced a €46m capital increase to accelerate growth across the Nordic region. The €46m investment will be used to scale Lunar’s fast-growing business banking offering, further develop its lending proposition, and support expansion into new Nordic markets including Norway and Finland. Lunar has seen increasing adoption of paid...

Fraud no longer arrives as a single, obvious red flag. It travels through everyday payments, often disguised as legitimate activity, and that makes it harder to stop before the harm is done. According to AiPrise, for banks, payment providers, FinTechs and crypto platforms, each approved transaction can deliver revenue while also carrying compliance and financial crime exposure. The scale of the...

The Financial Conduct Authority (FCA) has launched a new strategic review to examine how advanced artificial intelligence could reshape retail financial services, with a particular focus on the implications for consumers, financial markets and regulators. The initiative, known as the Mills Review, will be led by Sheldon Mills and builds on the regulator’s growing body of work on AI, including...

For many insurers, pricing remains a complex and time-consuming function. Teams rely on fragmented systems, manual processes, and traditional modelling techniques that slow decisions and limit accuracy. Misaligned data and disconnected workflows can hinder both operational efficiency and strategic insight. Idaho Farm Bureau Insurance found a solution in Akur8. By adopting the advanced pricing platform, the insurer has transformed its...

Lerian, a Brazilian start-up building open-source financial infrastructure for FinTechs and digital institutions, has announced fresh funding as it looks to scale its platform at home and start laying the groundwork for international expansion. According to Finextra, the company has raised R$30m in a seed round led by MAYA Capital, with participation from Norte Ventures, Supera Capital, Crivo Ventures, Blustone,...

Financial crime risk assessments used to be treated as box-ticking exercises — annual documents produced to keep regulators satisfied, then filed away until the next cycle. In many firms, the process became an administrative routine rather than a chance to understand how financial crime risk truly shows up across the business. That era is over, but a surprising number of...