Cryptocurrency integration is once again on the rise. With the global market value for all cryptocurrencies sitting at $1.17tn as of March 2023, and with 420 million crypto users worldwide, digital currencies remain popular despite a recent slump. This is according to Jeremy Baber, CEO of Lanistar. “Partners offering crypto payment gateways can offer a […]
Paynetics UK has received its Electronic Money Institution (EMI) licence from the UK’s Financial Conduct Authority (FCA). One of Europe’s leading providers of embedded finance and digital banking solutions, Paynetics now holds EMI licences in Europe and the UK. This further strengthens Paynetics’ capabilities by allowing its business partners and customers to seamlessly build programmes […]
Long-term partnership will expand the use of Enigio’s blockchain-powered trace:original technology in digital trade documentation and trade finance products. Partnership follows Lloyds Bank and Enigio’s involvement in the UK’s first digital promissory note and digital bill of exchange transactions. Lloyds Bank and Enigio have launched a new long-term partnership to support greater use of digital […]
Cashflows, the platform that makes it easy for merchants to accept payments, today launches Fast Onboarding. The new service reduces the time it takes for a merchant to be onboarded, whether directly or via a partner, making the process as easy and streamlined as possible without cutting corners on regulatory compliance or compromising on KYC […]
UK manufacturers are dangerously overstocked and could enjoy an average cash windfall of £102,000 as they recover from last year’s overstocking crisis according to new research released today. The Cashflow and Overstock report, by inventory management software provider Unleashed, analysed 381,000 products, ingredients and components stocked by over 1,800 firms across the UK, North America, Australia & […]
Regulated firms who continue to rely on manual methods of verification are risking the financial and reputational costs which accompany breaches of anti-money laundering (AML) regulations, an industry expert has warned. They are also wasting hours of business time on the very processes which make them more vulnerable to money-launderers. Martin Cheek, the managing director […]
Ecommpay, a leading international payments service provider and UK and European card acquirer, has implemented innovative graph analysis to strengthen its proprietary Risk Control Management System (RCMS). With this graph model, Ecommpay analyses fraud patterns and blocks not only one, but multiple fraudulent activities in a chain. This update also enables the RCMS to identify […]
Banks across North America and Europe are failing to publicly report on their approaches to responsible AI development, according to research from Evident, an independent intelligence platform that seeks to accelerate the successful adoption of AI in business. SVB’s collapse, First Republic’s bailout, and escalating concerns about Credit Suisse have thrust the issue of banking […]
Small and medium UK businesses are being held back post-pandemic by a reluctance to adopt new technologies, experts have warned. Experts from TelephoneSystems.Cloud have warned that the future of many SMEs is at risk after the pandemic accelerated technological change across the wider business sector. They warn that thousands of small and medium sized UK […]
ConTe.it Prestiti, a new venture in the credit sector of Admiral Group Italy, has partnered with Tink, Europe’s leading open banking platform, to offer customers in ConTe.itPrestiti’s network an improved and instant lending application process. ConTe.it Prestiti, a lending fintech platform, has embedded Tink’s Income Check product into its current offering, in order to make more accurate affordability assessments. Powered by open banking, Tink’s […]
