Mastercard is fighting fraudsters with its AI-powered ‘Consumer Fraud Risk’ solution, now available in the UK. Leveraging Mastercard’s artificial intelligence capabilities and a network view of account-to-account payments, it helps banks predict and prevent fraudulent payments of any kind. In partnership with nine UK banks, including Lloyds Bank, Halifax, Bank of Scotland, NatWest, Monzo and
Chapa, a payment solutions provider in Ethiopia, has announced a partnership with Telegram to enable merchants using Telegram to seamlessly accept payments from customers, including financial and digital payments. digital in Ethiopia. Chapa’s integration with Telegram’s bot ecosystem allows merchants to accept payments without requiring customers to leave the app. Whether it’s mobile money, bank
Dubai-based technology startup Alfii has announced an upfront funding of $2.5 million to expand its team and further expand its FinTech-based HR automation platform. The round was led by Preface Ventures, a venture capital firm focused on US-based infrastructure companies. Kayan Ventures, UAE-based Aditum Ventures and Wayfinders, and a number of local and regional angel
TransUnion and NatWest Group have expanded their existing partnership to introduce Know Your Credit – a retail banking credit reporting service to all eligible UK consumers. The new service builds on the bank’s existing engine, which has seen over five million NatWest and Royal Bank of Scotland customers access their TransUnion credit scores through the
Resistant AI, a RiskTech company specializing in artificial intelligence (AI) and machine learning, has expanded its Series A funding to $27.6 million, after raising an additional $11 million in investment la from Notion Capital. This is in addition to existing funding from investors such as GV, Index Ventures, Credo Ventures and Seedcamp. The new investment
mBank signed an agreement with KUKE, thanks to which the bank’s offer will be enriched with loans for exporters to strengthen their production potential and using payment insurance guarantees. They secure the bank up to 80 percent. financing granted for the investment carried out in Poland. – Cooperation with KUKE allows our customers to develop. Guarantees allow
Allfunds Tech Solutions, Allfunds’ digital solutions arm, has partnered with CCLA Investment Management (CCLA), a pioneer in sustainable investing to drive real-world change through active ownership pole. The Allfunds Tech Solutions customer portal, a fully streamlined end-to-end solution, will be integrated with existing ACLC customer interfaces. By leveraging Allfunds’ technology expertise and data management capabilities,
UK-based Mypinpad, a secure mobile trading software solutions company, has raised $13 million in a round led by Crossfin Holdings. This investment will accelerate the expansion of the SaaS offering and open the door to relationships with other Crossfin investment firms. Currently operating in 20 markets, Mypinpad offers B2B SaaS solutions for making secure payments
Tuum and Marqeta have partnered to provide a pre-integrated fintech solution that accelerates time-to-market for Tuum customers by working with Marqeta’s open API platform. European banks and fintechs will be able to create flexible card schemes that deliver an industry-leading modern digital payment experience while saving resources, time and money. Marqeta’s state-of-the-art card issuance platform,
Jack Henry announced the launch of Payrailz Fraud Monitor, an AI-powered, cloud-based feature of the Payrailz digital payments platform that provides real-time fraud detection as transactions occur. payment translation is started. This exclusive, highly customizable feature supports person-to-person (P2P) payments, consumer and business bill payments, and account-to-account outbound transfers (A2A ) is powered by the
JPMorgan has made a strategic investment in Cleareye.ai, a fintech firm specializing in trade finance, the companies announced Tuesday. The parties, who entered into the trading partnership last September, did not disclose the financial terms of the transaction. Trade finance refers to financial products offered by banks and other institutions that facilitate global trade by
Compass, the consumer finance arm of the Mediobanca Group, has signed an agreement to acquire 100% of HeidiPay Switzerland AG from HeidiPay AG, a growing Swiss Buy Now Pay Later (BNPL) financial company with over 400 deals. Trade agreements with major distributors, premium brands and technology operators active in the region. With this acquisition, Compass
