KYP, a leader in global due diligence, screening, and risk monitoring solutions, has announced a strategic partnership with AgeChecked, a UK government-approved age verification provider. This collaboration combines AgeChecked’s advanced online age verification technology with KYP’s comprehensive risk management platform, enabling businesses to strengthen regulatory compliance, manage risk, and protect their reputations. In today’s fast-changing regulatory environment, businesses face growing challenges to verify customer identities, meet compliance requirements, and mitigate risks effectively. The partnership between KYP and AgeChecked delivers a seamless, secure solution for online age verification, empowering businesses to operate with confidence and efficiency. Alan Nagle, CEO of KYP,…
Author: Editorial Team
OneSavings Bank (OSB) has launched a groundbreaking digital savings platform, empowering customers to open and fund accounts in just minutes. Developed in partnership with Publicis Sapient, the platform is part of OSB’s mission to modernize and deliver a customer-first banking experience. Founded in 2011, OSB specializes in retail savings and specialist lending across the UK. With a vision to transform into “a bank with the soul of a fintech,” OSB is leveraging advanced technology to challenge traditional banking norms. The new digital savings platform introduces several key features designed to improve customer experience. It enables users to register and fund…
TBC Uzbekistan, the leading digital banking ecosystem in Central Asia, has launched TBC Business—the first fully digital banking service for small and medium-sized enterprises (SMEs) and individual entrepreneurs in Uzbekistan. This milestone marks a significant step toward enhancing financial inclusion and innovation in the country’s dynamic business landscape. Building on its success as Uzbekistan’s largest fully digital retail bank, TBC is broadening its offerings to serve the unique needs of SMEs and entrepreneurs. The initiative aligns with TBC’s strategy to diversify its product portfolio, attract new customer segments, and unlock additional revenue streams. Redefining Business Banking Nika Kurdiani, CEO of…
Bank payment leader GoCardless has announced a strategic partnership with next-generation technology provider Endava to deliver cutting-edge payment solutions to enterprise businesses. This partnership aims to simplify the integration of bank payment systems and accelerate digital transformation for large-scale enterprises. As part of this collaboration, Endava will oversee the implementation of GoCardless’ payment solutions within their enterprise clients’ systems. By combining their expertise, the partnership enables merchants to quickly harness the benefits of bank payments, including improved efficiency and enhanced cash flow management. GoCardless Taps Endava for Bank Payments Joint clients of Endava and GoCardless will gain access to GoCardless’…
The Consumer Financial Protection Bureau (CFPB) has implemented a landmark regulation to eliminate a loophole that exempted overdraft loans from lending laws. This move is set to significantly reduce costs for consumers and promote transparency in financial practices. The new rule applies to banks and credit unions holding over USD 10 billion in assets and outlines several options for managing overdraft programs. These include charging as little as USD 5 for overdraft fees, treating overdraft services as a courtesy with fees covering only operational costs or losses, or maintaining profit-driven overdraft programs in compliance with lending regulations. The CFPB estimates…
Upbound Group, a Texas-based financial services company, has announced a definitive agreement to acquire Brigit, a New York-based financial health fintech. The acquisition, valued at up to $460 million, is set to close in Q1 2025. The deal includes an upfront payment of $325 million—75% in cash and 25% in Upbound shares—along with $75 million in deferred payments over two years. An additional $60 million is contingent on Brigit achieving specific financial performance targets in 2026. Brigit’s Impact and Growth Potential Founded in 2017, Brigit is a financial health app offering instant cash advances, credit-building tools, and budgeting insights to…
The State of Qatar has officially launched Fanar, a groundbreaking bilingual large language model (LLM), on the opening day of the World Summit AI in Doha. Named after the Arabic word for “lighthouse,” Fanar is designed to bridge the gap between global English models and Arabic-centric AI. Developed by the Qatar Computing Research Institute (QCRI) at Hamad Bin Khalifa University (HBKU) and sponsored by the Ministry of Communications and Information Technology (MCIT), Fanar delivers unparalleled linguistic precision, contextual comprehension, and cultural depth. Fanar is powered by two advanced models: Fanar Star 7B, developed from scratch, and Fanar Prime, an 8.87-parameter…
payabl., a prominent European financial technology company, has announced its partnership with Work in Fintech (WIF), a social initiative dedicated to increasing diversity and social mobility in the fintech and web3 sectors. This collaboration underscores payabl.’s commitment to fostering the next generation of fintech professionals by equipping them with essential skills, resources, and opportunities to excel in the industry. Founded in 2020, WIF empowers students, graduates, and young professionals through internships, mentorship, and work experience opportunities. Its network connects individuals with leading fintech firms, financial service providers, and institutions, creating pathways for underrepresented groups to enter and thrive in the…
Gen Digital Inc., a US-based leader in identity protection and cybersecurity solutions, has unveiled plans to acquire MoneyLion, a prominent digital platform specializing in consumer finance. The acquisition marks a strategic move to broaden Gen’s service offerings, integrating financial management tools with its robust cybersecurity portfolio. MoneyLion’s platform brings a suite of financial solutions, including credit-building tools, comprehensive financial management services, and an innovative white-label AI recommendation system. By incorporating these capabilities, Gen aims to strengthen its position in the digital finance space, offering a more holistic experience for users focused on financial security and wellness. Enhancing Financial Wellness Through…
Airwallex, the leading payments and financial platform for modern businesses, has reported remarkable year-on-year (YoY) growth across the Asia Pacific (APAC) region. In Q3 2024, the company achieved an 83% YoY revenue increase and a 49% YoY rise in transaction volume in APAC. Globally, Airwallex reported a 73% YoY revenue growth and a 60% YoY increase in transaction volume. This growth highlights Airwallex’s innovative product offerings and strong product-market fit across key APAC markets, including Australia, Singapore, Hong Kong, Malaysia, New Zealand, and mainland China. Key Drivers of Growth in APAC Founded in 2015 in Melbourne, Airwallex continues to solidify…
