In a landmark collaboration, Paynetics, a leading European provider of embedded finance and payment solutions, and MyMonty, an innovative fintech company, have joined forces to launch a digital wallet aimed at revolutionizing the financial services experience across the EU and the UK. This
With the cryptocurrency market continuously growing, more individuals are seeking ways to make passive income from their digital assets. One of the most promising strategies for 2024 is crypto staking. By locking up your digital assets, you help to secure blockchain networks and earn rewards in
The UK banking sector is famously dominated by the Big Four banks: HSBC, Lloyds Banking Group, NatWest Group, and Barclays. These financial behemoths collectively control an astounding 75% of the market share in current accounts, giving them significant leverage over the market. Yet, despite their
A recent report from Thales, a leader in cybersecurity, titled “Economic Impact of API and Bot Attacks,” underscores the severe financial damages that insecure APIs and bot attacks inflict on businesses worldwide. According to data analyzed by the Marsh McLennan Cyber Risk Intelligence Center, over
The financial services industry is undergoing a transformation as artificial intelligence (AI) takes center stage in the detection and prevention of financial crimes. With financial fraud and money laundering on the rise, the role of financial institutions has expanded significantly to act as the
Recent developments in the financial sector suggest a promising future for tokenization, particularly in the realm of cross-border payments. In a groundbreaking initiative known as Project Agorá, the Bank for International Settlements (BIS), along with several central banks and the Institute of
In a groundbreaking move, Flagright, a leader in AI-native compliance solutions, has entered into a strategic partnership with First Digital Trust (First Digital), a Hong Kong-based company specializing in multi-asset custodial, trust, payments, and stablecoin services. This collaboration is set to
The second quarter (Q2) of 2024 witnessed a notable surge in investments within the US regulatory technology (RegTech) sector. Despite a decrease in the number of deals, the total capital invested has seen significant growth, highlighting a strategic shift towards fewer but larger transactions.
Nigeria, Africa's most populous nation and largest economy, is experiencing a significant transformation in its financial landscape. The rapid growth of digital payments and fintech innovations is redefining the way Nigerians interact with money, fostering financial inclusion, and boosting economic
In a significant move that underscores the increasing focus on cybersecurity, Copilot Capital has made a substantial majority investment in SecureFlag, a leading UK-based cybersecurity training company. SecureFlag is well-regarded for offering experiential, hands-on coding training tailored to the
