Regulated firms need to make the switch to a perpetual Know Your Customer (pKYC) model to stay alive to the rising threat of financial crime, a compliance expert has warned. Zowie Lees-Howell, a data expert and vice president of enterprise sales at SmartSearch, the UK’s leading digital compliance provider, believes the current climate requires firms […]
iDenfy, an AI-enabled identity verification, and fraud prevention tech startup, announced its partnership with Fincapital Partners, an all-in-one banking and asset management platform that offers comprehensive financial services. The company will leverage iDenfy’s advanced KYC and AML solutions to deliver a seamless customer onboarding process. Fincapital Partners aimed to maintain a user-friendly interface and uninterrupted client […]
Silico, the Business Process Simulation platform, today launches a new report titled ‘Forewarned is Forearmed’, exposing the need for intelligent planning to navigate challenging global economic headwinds. Research conducted by 3Gem on behalf of Silico found that almost all UK businesses (94%) are comfortable with technology taking charge of decision-making and autonomous planning with little or no […]
The potential opportunities for banking-as-a-service (BaaS) in Europe could lead to a revolutionary shift in the financial service industry, a report reveals by research firm WhiteSight as commissioned by fintech SaaS provider Toqio. According to “The State of Banking-as-a-Service in the UK & Europe”, changes have already begun and are gaining momentum, indicating a rapid […]
Leading forecourt retail specialist Suresite Group has announced its new ‘unattended’ contactless payment solution is now live, and has exceeded initial demand expectations, positioning the company as a pioneer for this largely under-served market. Thanks to a strategic partnership with payment solutions provider Vianet in late 2022, Suresite has developed a solution to meet the […]
Square today launched Tap to Pay on Android for sellers in the UK. The new technology empowers sellers to securely accept contactless payments with a compatible Android device, and at no additional cost. With Tap to Pay on Android, Square is making it even easier for new sellers and established businesses to conduct in-person commerce. […]
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 […]
