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Riverse Secures €5M Funding to Accelerate Engineered Climate Solutions through Innovative Carbon Credit Platform
Riverse, a carbon crediting platform focused on engineered climate solutions, has raised €5 million in a successful seed funding round to enhance its operations in the voluntary carbon market. Co-led by Alven and Racine², the oversubscribed round signifies strong investor interest in sustainability. Founded in 2021, Riverse offers a carbon crediting standard and supports various carbon avoidance and removal projects, utilizing transparent verification processes with auditable industrial data. Endorsed by the International Carbon Reduction and Offset Alliance, Riverse has validated over 60 projects and issued 250,000+ carbon credits. The funding will aid in expanding its offerings and operations.
Transforming Finance: 83% of Firms Embrace Generative AI with Plaid Pioneering IDV Innovation
Plaid has launched significant upgrades to its identity verification (IDV) product to combat the rising threat of AI-enabled fraud. The enhancements, announced on May 13, include tools for deepfake detection, synthetic media recognition, facial duplicate identification, age estimation, and adaptive verification flows. These features aim to streamline verification for low-risk users while increasing scrutiny for high-risk individuals. As financial institutions adopt AI, the risk of fraud has escalated, prompting a need for robust identity verification tools. Plaid’s upgrades come amid a 400% surge in IDV usage and a $575 million funding round to expand fraud prevention capabilities.
Global Expansion of QR Code Payments: Projected to Exceed $8 Trillion by 2029
A recent Juniper Research report predicts that global QR code payment transactions will surge by 50%, reaching $8 trillion by 2029, up from $5.4 trillion in 2025. This growth is driven by standardized national QR schemes and the rise of Account-to-Account (A2A) payment solutions. However, competition may intensify due to Apple’s decision to allow third-party access to its NFC technology, particularly impacting North America and Europe. QR code payments offer lower operational costs and universal compatibility, promoting financial inclusion for smaller vendors. Providers are encouraged to customize solutions and enhance user experiences to stay competitive.
Elevate Compliance: How KYC Portal CLM Enhances Oversight with Real-Time Field-Level Audit Trails
The KYC Portal CLM has launched the Field-Level Audit Trail, a feature designed to enhance compliance teams’ oversight of client data. This tool allows organizations to track real-time changes in onboarding and company forms, providing detailed audit logs that include timestamps, previous values, and the identity of the person making updates. With an easy-access icon for each form field, teams can view a chronological breakdown of changes, fostering transparency and accountability. This feature strengthens internal controls, supports compliance with regulations like GDPR and AML rules, and facilitates risk mitigation by quickly identifying errors, thus improving efficiency in compliance processes.
UK FinTech Revving Secures £107M to Transform Invoice Factoring in Digital Media
Revving, a leading FinTech scale-up, has secured a £107 million investment to address cash flow issues in the UK adtech sector. Spearheaded by DWS, this funding includes £100 million for debt financing, aimed at enhancing liquidity. Revving offers a technology-driven alternative to traditional invoice factoring, allowing adtech businesses quicker access to working capital by integrating with digital marketplaces. This funding will help tackle extended payment terms and facilitate up to £1.8 billion in financing over three years, potentially generating an £8.6 billion economic impact. CEO Chris Pettit emphasized the importance of combating late payments affecting over 50,000 businesses.
