Cargo theft is soaring, with no sign of decline in sight. In 2023 alone, the U.S. faced losses of $130m due to cargo theft, and experts suspect the actual figure to be even higher. Fraudsters are becoming increasingly innovative in their methods, now exploiting the freight bidding process on load boards to secure loads, among other scams.

At the heart of financial transformations, CDI has emerged as an essential tool for banks to authenticate corporate entities efficiently and securely.

For medium-to-large businesses, developing new applications can come with a swathe of new challenges. One key issue revolves around creating workflows for dozens of business applications - and the difficulties that can involve for firms without serious coding expertise. When a leading US insurance business faced this issue, Symfa stepped in to build a micro low-code platform to help insurance business users change business logic fast and easily.

Allica Bank, a UK-based bank specialising in supporting established SMEs, has entered into a partnership with Westcor Internationa to launch their Perfect Title insurance product across its commercial mortgage range starting from 1st July 2024.

The FinTech sector closed 39 funding rounds this week on a strong week for the sector. Overall, throughout the plethora of tranches, just over a mammoth $1.4bn was raised on a superb week for the space - even edging out last week's $1.2bn success. In the top deals of the week charts, HSBC led the way with a $250m private loan...

GXS Bank, a prominent digital banking entity, has reportedly received a S$229.5m ($169m) capital injection from notable backers Singtel and Grab, according to a report from Tech in Asia. 

AuthZed, a leader in the development of permissions systems, has successfully closed a $12m Series A funding round.

Bling, the Europe-based startup known for its innovative digital solutions for families, has successfully secured $12m in its latest Series A funding round.

Dealflow, a burgeoning FinTech company, has successfully topped up its pre-seed investment round, achieving a new funding milestone of approximately €1.1m.

Hometap, a FinTech leader based in Boston, has proudly announced its first successful securitization, named HTAP 2024-1.