Payment Fraud Market Is Suited to Wide-Scale Deployment of Fraud Prevention Systems: Juniper Research

Bluefin, which claims to be a leader in integrated payments and data and payment security, today announced it has teamed up with Visa for network tokenization. Through this collaboration, Bluefin will “integrate directly with Visa to provide network tokens across card brands.”. Bluefin will “provide the network tokenization option...

OneSpan Inc. (NASDAQ: OSPN), the digital agreements security company, announced that it has agreed to acquire ProvenDB, an Australia-based startup that delivers secure storage and vaulting for documents based on blockchain technology, “to provide an industry-leading trust model for high assurance contracts and documents.”. ProvenDB will “extend the capabilities...

Hawk AI, Germany’s provider of anti-money laundering (AML) and fraud prevention technology for banks and payment companies, announced $17M in Series B financing “to accelerate product development and global expansion.”. The investment round was “led by Sands Capital from Washington D.C., with participation from new and existing investors,...

Lloyds Banking Group has invested £4 million in Caura, an all-in-one motoring app designed to take the hassle out of car ownership. Caura for iOS and Android “provides a single, highly intuitive interface for all driving related payments.” It serves “the 30 million motorists in the UK today who currently find themselves using between 8-10 apps and websites to manage their vehicles.”

Amid an environment where asset management firms are increasingly collaborating with digital platforms to help launch product offerings and “de-risk” entry into new markets, FLX Networks, which modernizes, simplifies, and drives engagement between asset managers and financial advisors, has partnered with global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR) as “a preferred data and analytics provider to asset management firms.”

Salv, the regtech startup founded by former Wise and Skype employees, closes a €4m seed round extension “led by ffVC, with German G+D Ventures and existing investors also participating.”. The funds will allow Salv “to further develop its modular regtech technology and support geographical expansion to new territories,...

FactSet, a global financial digital platform and enterprise solutions provider, today announced that it has been selected as the primary market data provider for BMO’s Wealth Management division. FactSet is deploying its modern, flexible Advisor Workstation to BMO Wealth Management professionals across Canada “to support its digital transformation objectives.”...

Marqeta (NASDAQ: MQ) has announced the acquisition of Power Finance, a credit card management platform. Marqeta said in a public statement that it aims to boost its capabilities and leadership in the business of modern card issuing. Marqeta said the purchase is expected to close during the first quarter of 2023.

According to a Robocash survey, P2P investments confidently “remain popular among respondents with an average income.”. At the same time, the share of investors with large portfolios “is growing, reaching 35%,” the team at Robo.cash has revealed. At the end of 2022, investors with income from 2...

Zafin, which claims to be the world’s leading SaaS cloud-native product and pricing platform, announces the launch of a new Transformation & Modernization group, created “to provide end-to-end management for the company’s priority banking accounts.”. The new unit will “accelerate Zafin’s momentum in the market as financial...

Channel Capital Advisors LLP has closed a mezzanine funding facility with TP24, a European fintech lending platform. Channel is an FCA-regulated alternative investment fund manager (AIFM) “specializing in fintech, working capital and trade finance investments.”. Since 2014, the London-headquartered company has “deployed more than $9 billion of assets across...

Solvo Finance, an EU-based cryptocurrency startup, has announced that their forthcoming crypto investing app will integrate Fireblocks, an easy-to-use platform “to create new blockchain-based products and manage day-to-day digital asset operations.”. With the support of Fireblocks’ battle-tested technology, Solvo will be able “to provide world-class security for customers’ digital...

Astroport, which claims to be one of the most “popular” decentralized exchanges, launched its beta on the Injective testnet. Injective is described as a fast blockchain built for finance. As the “first” smart contracts platform optimized for building decentralized finance applications, dApps such as Astroport and Helix, can leverage Injective’s interoperable blockchain “alongside its out-of-the-box Web3 modules to power a new ecosystem of interconnected DeFi applications.”

PrimaryBid and Winterflood announced a collaboration to further advance UK retail investor participation in equity and debt capital markets, including IPOs and follow-on fundraises. Together the firms will “offer API integration to any stockbroker or wealth manager wishing to distribute primary market deals to retail investor clients, leveraging the UK’s...

Sunflower Bank, N.A. announced the launch of a new small business lending platform in partnership with SmartBiz, the AI-powered small business financing platform. Through a new end-to-end online portal, small businesses in Sunflower Bank, N.A.’s branch footprint now “have access to a streamlined process to apply for conventional small business loans from $25,000-$350,000.”

N26, a European digital bank, announced the appointment of Arnd Schwierholz as its new Chief Financial Officer. The experienced manager will “lead the company’s financial department moving forward.”. Arnd Schwierholz reportedly “brings decades of experience in the technology industry and in financial management for publicly traded companies to...

DailyPay has announced it has secured $260 million of capital to fuel growth domestically, expand internationally and further invest in product innovation. DailyPay is a Fintech that enables employees to access their earnings in real-time. The funding is “divided between revolving credit facility capacity provided by Barclays and Angelo Gordon,...

John Wiseman recently joined Addepar as Chief Revenue Officer to lead the go-to-market (GTM) teams, “inclusive of Sales, Client Management, Services, Partnerships and Multi-Product Solutions.”. The Addepar team sat down with him “to find out what drew him to Addepar and what motivates him.”. Prior to joining Addepar...

The legal frameworks applicable to national banks, insured state banks, and uninsured state banks can result in differences in the scope of allowed activities depending on the type of entity, according to the US Federal Reserve. Regardless of this discrepancy, the Fed will be certain to apply the “same limitations on activities, including novel banking activities, such as crypto-asset-related activities.”

On the same day the US Federal Reserve Board issued a new policy statement on banks engaging in crypto activity, several White House advisors posted a note on the “Administration’s Roadmap to Mitigate Cryptocurrencies’ Risks. The post pointed at the “tough year” for crypto, referencing the algorithmic...