Latest payments platform News, Insights & Analysis

Wonder secures $12m venture debt from HSBC to fuel Asia Pacific...

February 2, 2026

Wonder, a Hong Kong-based FinTech and payments platform for merchants across Asia Pacific, has secured new venture debt financing to support its regional growth,...

E-commerce

TreviPay partners with Walmart on B2B invoice payments

September 19, 2025

TreviPay, a managed B2B payments platform, has joined forces with Walmart Business to power the next stage of the retailer’s Pay By Invoice programme.

FinTech News

Send Payments secures $5m for cross-border expansion

August 26, 2025

Send Payments, a Sydney-based cross-border enterprise payments provider, has raised $5m AUD to support the growth and development of its enterprise payments platform. The funding...

FinTech News

UK FinTech deals over $100M decreased by 31% YoY resulting in...

July 18, 2025

Key UK FinTech investment stats in Q2 2025: UK FinTech funding dropped by 62% YoY in Q2 Deals over $100m decreased by 31% YoY...

Company News

Bilt bags $250m to grow housing and commerce network

July 11, 2025

Bilt, a housing and neighbourhood commerce FinTech platform, has secured a fresh funding round as it looks to deepen its position in the market. The...

FinTech News

FinTech platform Lumion bags $10.7m to expand trade education

June 17, 2025

Lumion, a SaaS company based in Salt Lake City that provides an all-in-one operating system for trade and technical schools, has closed a $10.7m seed funding round.

B2B Payments

Paysafe and Fiserv partner to expand digital wallets and capital access...

May 12, 2025

Paysafe, a leading payments platform with a global footprint in online and digital payment services, and Fiserv, a Fortune 500 payments and financial technology provider, have announced an expanded partnership aimed at supporting small and medium-sized businesses (SMBs) with improved financial tools and digital solutions.

Company News

Paysafe expands payment solutions into Brazil’s booming iGaming market

January 7, 2025

Paysafe, a global leader in payments technology, has announced that it has received a payment institution (PI) licence from the Central Bank of Brazil (BCB).

Banking Products

Merchants demand ESG focus from payment providers, Ecommpay survey shows

January 6, 2025

A striking 61% of e-commerce merchants stated they would “definitely” choose a payment service provider (PSP) based on its commitment to environmental, social, and governance (ESG) values, according to new research by Ecommpay.

Financial Services Firms Lag in AI Governance and Compliance Readiness, Survey Reveals Limited Testing and Formal Governance Creates Compliance and InfoSec Risks for Firms Adopting AI Despite eagerness to leverage artificial intelligence, financial services firms lack formal artificial intelligence (AI) governance frameworks, testing protocols, and third-party oversight, according to the 2024 AI Benchmarking Survey, a joint project of ACA Group’s ACA Aponix and the National Society of Compliance Professionals (NSCP), released today at the NSCP National Conference. The joint survey, conducted online in June and July 2024, gathered data from over 200 compliance leaders in the financial services industry around their firm’s use of AI tools and technologies, as well as compliance practices used to manage the risks AI tools and technologies present. According to the survey, firms are missing opportunities to better manage AI risks. It found that only 32% of respondents have established an AI committee or governance group, only 12% of those using AI have adopted an AI risk management framework, and just 18% have established a formal testing program for AI tools. Furthermore, most respondents (92%) have yet to adopt policies and procedures to govern AI use by third parties or service providers, leaving firms vulnerable to cybersecurity, privacy, and operational risks across their third-party networks. “We’re seeing widespread interest in using AI across the financial sector, yet there’s a clear disconnect when it comes to establishing the necessary safeguards,” said Lisa Crossley, Executive Director, NSCP. “Our survey shows that while many firms recognize the potential of AI, they lack the frameworks to manage it responsibly. This gap not only exposes firms to regulatory scrutiny, but also underscores the importance of building robust AI governance protocols as usage continues to grow.” Other notable findings include: 75% of respondents are exploring AI or using it internally, with 37% of firms reporting already having adopted AI tools for internal use and 38% currently exploring AI use cases. The most common use cases for AI were research, marketing, compliance and risk management, and operations support. Among respondents already using AI, 52% indicated they use public enterprise generative AI tools (such as ChatGPT), 50% reported using private/enterprise generative AI, and 43% are using machine learning. Compliance professionals reported that their primary goal for AI use in the compliance program is to improve efficiency (67%). Yet, as 68% of compliance professionals at firms who have already adopted AI tools reported that AI tools have had “no impact” on their compliance program, this goal has gone unrealized. Cybersecurity or privacy concerns around AI tools were identified as the top concern when integrating AI tools into compliance programs (45%). This was followed by uncertainty around regulations or regulatory examinations (42%), lack of talent with AI expertise (28%), and lack of tools that meet compliance programs’ needs (20%) as challenges to AI adoption. “The survey’s most concerning finding is the lack of policies governing third-party AI use,” said Carlo di Florio, President at ACA Group. “Regulators are heavily emphasizing third-party risk management, as we saw with the SEC’s Reg S-P updates, the SEC Cyber Rule, and the EU’s Digital Operational Resilience Act. ACA is actively helping clients build robust AI governance frameworks that align with regulatory demands, ensuring compliance and improving program efficiency. Without these measures, leveraging AI’s potential while remaining compliant will be challenging.” The full results of the 2024 AI Benchmarking Survey will be released during ACA’s and NSCP’s webcast on November 7, 2024. For more information, click here. About the Survey Respondents Governance, compliance, and risk professionals, including chief compliance officers, chief legal officers, and chief information security officers, at over 215 financial services firms of various size and RAUM (regulatory assets under management) participated in the survey. 40% of respondents were from firms with between 11 – 50 employees, with 42% managing between $1 billion to $10 billion in RAUM. Asset managers accounted for 43% of total respondents, with private market firms, alternative investment advisors, the second and third most common types of firms respectively.

B2B Payments

Israeli FinTech Melio secures $150m led by US company Fiserv

October 30, 2024

Melio, an Israeli payments platform, has successfully raised $150m in a funding round spearheaded by the strategic US investor Fiserv. The financing, which values Melio...