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Latest Results from /retail

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EToro goes public on IPO filing

eToro Group Ltd (“eToro”) today announced that it has publicly filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to the proposed initial public offering of its Class A common shares.

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FS-Isac publishes AI guidance paper

FS-ISAC, the member-driven, not-for-profit organisation that advances cybersecurity and resilience in the global financial system has published Charting the Course of AI: Practical Considerations for Financial Services Leaders.

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SBI receives regulatory approval for takeover of Solaris

Solaris, Europe’s leading embedded finance platform, announced today that investor SBI Group has passed the required regulatory ownership control process.

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Sumsub debuts re-usable identity products

Today Sumsub, a global full-cycle verification platform, is launching its Reusable Digital Identity product suite.

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Acuvity offers free GenAI Service risk evaluation to credit unions

Acuvity, a leading runtime generative AI security platform company, today announced the availability of their GenAI Service Risk Evaluation Report, a highly sought-after capability following the recent release and subsequent adoption of DeepSeek.

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Rain raises $24.5m for stablecoin-powered card issuing platform

Rain, the global card issuing platform powered by stablecoins, announced $24.5 million in new funding led by Norwest Venture Partners. New investors joining the round included Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka. Existing investors Lightspeed Venture Partners, Coinbase Ventures, Vinyl Capital, Canonical Crypto, and Latitude Capital also participated.

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Oracle to invest $5.5 billion in cloud infrastructure in the UK

Oracle today announced plans to invest U.S. $5 billion over the next five years to meet the rapidly growing demand for its cloud services in the UK.

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IncredibleBank deploys Alloy to improve account opening

IncredibleBank, a digital-focused community bank headquartered in Wausau, WI, has partnered with Alloy, a leading identity and fraud prevention platform provider, to provide faster service to improve its account opening process, helping the bank to accelerate growth and reduce manual reviews.

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Block joins Wall Street Blockchain Alliance

The Wall Street Blockchain Alliance (WSBA), a leading nonprofit trade association dedicated to promoting the adoption of blockchain technology and cryptoassets in global markets, is pleased to welcome Block, Inc. as its newest corporate member.

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Mena FinTech Association and FinTech Armenia Association form partnership

The MENA FinTech Association (MFTA), the region’s leading not-for-profit industry body, is proud to announce a strategic partnership with FinTech Armenia Association, a pioneering organization and industry platform driving Financial Technology innovation in Armenia and internationally.

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Intergiro and Movitz team on advanced payment verification

As financial fraud reaches alarming levels across Europe—with fraudulent transactions totalling €4.3 billion in 2022 and €2.0 billion in the first half of 2023—businesses face increasingly sophisticated scams involving account-to-account transactions.

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Somalia opens nationwide instant payments network

The Somalia Payment Switch (SPS1) has successfully launched the country’s first ever Instant Payment System with QR payments support powered by BPC’s next generation SmartVista platform, a global leader in payment solutions.