New research from embedded finance specialist Weavr reveals that a staggering 94% of Accounts Payable (AP) professionals would prefer their AP software to be able to execute payments, not just prepare them. Based on a survey of 250 UK finance and accounting professionals, the data shows a significant number of pain points within current industry […]
Cashflows, the platform that makes it easy for businesses to accept payments, today launches the new Cashflows Developer Portal. The enhanced portal acts as a one-stop-shop to empower merchants and partners with access to all of Cashflows’ products and services, streamlining and simplifying the onboarding process. Bringing together all technical documentation into one place, Cashflows’ […]
The Fintech Open Source Foundation (FINOS), the financial services umbrella of the Linux Foundation, today announced the formation of the AI Readiness for Financial Services Industry (FSI) Special Interest Group (SIG) as part of its broader pioneering artificial intelligence (AI) strategic initiative. This SIG will create a collaborative environment for industry leaders to collectively develop […]
The QualRisk Cyber Insurance Center (QCC) announces the release of its 2024 Global Market Report (GMR). The report highlights global cyber insurance premium growing 6% in 2023, the slowest rate of growth since 2019, reaching a total global premium of $ 14.4bn. The report also forecasts a doubling of the global cyber insurance market by […]
Elmore, a leading insurance provider to the fintech community in Europe, is highlighting today the risks to the embedded finance market, which has been forecast by PWC to grow fivefold, from US$54.3bn in 2022 to US$248.4bn, by 2032. With the increasing integration of savings, credit, insurance and investing tools into non-financial apps or websites, the […]
ExtraHop, a leader in cloud-native network detection and response (NDR), today released its third annual Global Cyber Confidence Index, which found organisations are generally ill-equipped to manage and mitigate their cyber risk following a significant increase in ransomware attacks and cybersecurity incident downtime. Although an overwhelming majority (88%) of IT and cybersecurity decision makers said […]
Brite Payments, a leader in instant bank payments, today announced the launch of Brite Instant Payments in Germany. The fast-growing Swedish fintech enables instant account-to-account (A2A) payments and payouts, leveraging Europe’s open banking infrastructure. The launch of the company’s full solution in Germany marks its most significant market expansion to date, building upon its strong […]
Small and medium-sized enterprises will boost supply chain transparency and make trading across borders cheaper, faster, simpler and more sustainable by embracing a unified system of global “business fingerprints”, according to a report from the International Chamber of Commerce United Kingdom, the World Trade Board and the Global Legal Entity Identifier Foundation (GLEIF). Scaling the […]
The Payments division of StoneX (StoneX Payments) will supply NatWest with third-party delivery and international FX payment services, allowing the bank’s corporate clients to transfer money to more nations with ease. This partnership will support cross-border payments and expand local payment reach in an additional set of 10 currencies, providing access to customers in markets […]
AI is a useful support for businesses but not a quick-fix solution, say leading tax and advisory firm Blick Rothenberg. Nick Winters, head of technology at the firm, said: “Microsoft has unveiled a new Artificial Intelligence (AI) hub in London this month to take advantage of the UK’s vast AI talent and expertise. But whilst […]
