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Worldpay Partners with Yabie to Empower UK SMBs with Innovative POS Solutions
Worldpay has partnered with Swedish POS technology firm Yabie to enhance payment solutions for small and medium-sized businesses (SMBs) in the UK. The collaboration integrates Yabie’s software into Worldpay’s Worldpay 360 platform, aimed at improving customer experiences and operational efficiency across various sectors. This partnership introduces Yabie’s entry into the UK market, offering three customizable packages: Lite, Standard, and Pro, to address the digital tool gap SMBs face compared to larger retailers. As mobile usage rises, the need for mobile-compatible POS solutions is critical. Both companies are committed to empowering independent businesses with user-friendly technology.
Enhancing Deaf Accessibility in Financial Services: Progress Made, Yet Greater Inclusion Required
As Deaf Awareness Week 2025 begins, the Lending Standards Board (LSB) has released its annual review on the UK financial sector’s accessibility for deaf and hard of hearing customers. The report shows progress in accessibility tools, with 97% of firms using text relay services and 63% offering in-branch British Sign Language (BSL) translation. However, CEO Emma Lovell stresses the need for further improvements, particularly in involving deaf individuals in service development. Engagement within the sector is increasing, with 74% of organizations discussing deaf accessibility internally. The Deaf Inclusion Industry Group has expanded from 12 to 34 firms, signaling growing collaboration.
Unlocking Efficiency: The Essential Role of RegTech in Tackling Compliance Overload
In a recent Verdane webinar, industry experts discussed the challenges of regulatory compliance in the financial sector, likening the experience to “drinking from a hose” due to the overwhelming number of updates. Corlytics, a RegTech provider, has developed a platform to streamline regulatory management, enabling institutions to scan, understand, implement, and report on regulatory changes efficiently. Utilizing advanced technologies like AI and machine learning, Corlytics transforms regulatory data into actionable insights, allowing organizations to anticipate changes and enhance compliance. As regulatory pressures increase, adopting such technologies becomes crucial for firms to stay competitive and avoid penalties.
Phantom Secures $150M Funding to Disrupt Traditional Finance with Innovative Blockchain Solutions
Phantom, a leading digital asset wallet provider, has raised $150 million in a Series C funding round, achieving a $3 billion valuation. The round was co-led by Sequoia Capital and Paradigm, with participation from existing investors like a16z and Variant. Founded in 2021, Phantom offers a self-custody wallet enabling users to manage digital assets across blockchains, boasting 15 million monthly active users and $25 billion in assets. The funds will enhance infrastructure, support strategic acquisitions, and introduce new features for peer-to-peer payments. Recent acquisitions include Bitski and Blowfish, aimed at improving security and user experience.
FS-ISAC Unveils Vital AI Guidelines to Ensure Financial Sector Stability
FS-ISAC, a non-profit organization focused on cybersecurity in the financial sector, has released a guidance document titled “Charting the Course of AI: Practical Considerations for Financial Services Leaders.” Developed by its AI Risk Working Group, the report outlines a framework for implementing AI technologies in financial firms, addressing challenges like talent shortages and evolving regulations. It provides risk scenarios and a strategic blueprint for decision-making. Mike Silverman, FS-ISAC’s Chief Strategy & Innovation Officer, emphasized AI’s potential to transform the industry while urging a balanced approach to innovation and security. The guidance aims to support resilient financial infrastructures.
Zocks Secures $13.8M Funding to Enhance AI-Driven WealthTech Advisory Solutions
Zocks, a privacy-focused AI platform for financial advisors, has raised $13.8 million in Series A funding led by Motive Ventures, with participation from several other firms. Established in 2022, Zocks aims to enhance client intelligence solutions, having onboarded over 1,000 advisory firms since its early 2024 launch. The funding will accelerate product development, expand the team, and improve market strategies, particularly in refining AI capabilities for automating client interactions. Zocks is also planning to expand into the European market and has formed partnerships with notable FinTech platforms and advisory networks. CEO Mark Gilbert highlighted the importance of real-time client data in enhancing advisor workflows.