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Morgan Stanley invests in 3forge

/devops

Morgan Stanley invests in 3forge

Morgan Stanley has made a strategic investment in 3Forge, a provider of code platforms for building mission-critical applications in financial services.

Lloyds to use AI to automate trade finance checks

/ai

Lloyds to use AI to automate trade finance checks

Lloyds Bank is to use AI technology from Cleareye to eliminate the manual drudgery of paper processing and compliance checking for trade finance documentation.

UAE payments fintech Ziina scores $22 million Series A

/startups

UAE payments fintech Ziina scores $22 million Series A

UAE-based payments fintech Ziina has secured $22 million in a Series A funding round led by Altos Ventures, with participation from other top-tier investors including Fintech Collective, FJ Labs, Avenir Growth, Y Combinator, and Jabbar Internet Group.

Danish family finance app MyMonii shuts up shop

/retail

Danish family finance app MyMonii shuts up shop

Family-focussed financial services app MyMonii is the latest fintech to bite the dust.

Axway acquires Sopra Banking Software

/retail

Axway acquires Sopra Banking Software

Axway has acquired core banking vendor Sopra Banking Software in a €330 million deal.

“Saving patient zero”: Blackwired's new approach to cybersecurity

/security

“Saving patient zero”: Blackwired's new approach to cybersecurity

Cyber risk has advanced to be the number one risk to the global economy.

Tarabut acquires UK-based A2A payments platform Vyne

/payments

Tarabut acquires UK-based A2A payments platform Vyne

London-based start-up Vyne, a real-time account-to-account (A2A) payments platform for online businesses, has been acquired by Middle Eastern open banking player Tarabut, for an undisclosed sum.

Fraudsters plead guilty to operating OTP scam site

/security

Fraudsters plead guilty to operating OTP scam site

Three men have pleaded guilty to operating a subscription-based Web service in the UK that enabled criminals to circumvent One-Time-Passcode (OTP) anti-fraud checks.

McLear shuts down pre-paid payment ring programme

/retail

McLear shuts down pre-paid payment ring programme

Wearable payments vendor McLear is closing down its flagship Ring pre-paid programme, blaming the increasing complexity and cost of maintaining the product.

Tabby to acquire Saudi digital wallet Tweeq

/payments

Tabby to acquire Saudi digital wallet Tweeq

UAE-based buy now, pay later player Tabby is to acquire Saudi digital wallet Tweeq, expanding its product suite to offer customers spending accounts with money management tools.

Singapore to empower police to stop voluntary bank transfers to scammers

/security

Singapore to empower police to stop voluntary bank transfers to scammers

Singapore's Ministry of Home Affairs is opening consultations on new rules that would empower the police to order banks to restrict the banking transactions of people who refuse to believe that they are being scammed.

Canadian budgeting app Hardbacon goes under

/retail

Canadian budgeting app Hardbacon goes under

Hardbacon, a Canadian budgeting app that generated revenue through lead generation and affiliate marketing, has shut down after tweaks to Google's search algorithm saw users plummet.

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