Profile Software, a leading financial solutions provider, announced today that 3K Investment Partners, a Mutual Funds Company based in Athens, selected Axia, Profile’s leading omni-channel and web-based investment management system, to efficiently address its fund and wealth management operations on a single platform supporting all of its investment activities in an fully automated environment.

UK SMEs are moving to accept card and contactless payments at an increasingly rapid rate as a result of the coronavirus crisis, according to findings published today by NatWest.

Judopay, a leading mobile-first payment provider, today announced that together with Mastercard, it will enable The Pharmacy Centre to take safe and secure payments through its new PaybyLink solution, as well as other digital payments.

RIMES, the global leader in data management and RegTech solutions, today announced the launch of the RIMES RegFocusSM BMR Dashboard, a new, cost-effective and simple-to-use service to help asset managers quickly understand their exposure under the EU Benchmarks Regulation (BMR).

Kompli-Global, the leading RegTech AML specialist, has formed a strategic partnership with digital identity and credential management platform, Yoti, to make life much more difficult for fraudsters and money launderers.

Instant payments are the ‘new normal’. The last decade saw a ramp-up in adoption as regulation, customer expectation and technology dovetailed to create immediate, 24/7 demand for financial services.

This means that banks and payment service providers (PSPs) who rely solely on speed of payments as a competitive differentiator will struggle to get ahead. The focus is now on leveraging instant payments rails to deliver value-added services that can drive a return on investment. Understanding where these opportunities lie, therefore, is crucial.

Finastra today announced the launch of its Fusion Credit Connect solution on Salesforce AppExchange and Finastra’s FusionFabric.cloud, re-envisioning how relationship managers and borrowers connect and communicate from opportunity to origination, through to closing and booking. Corporate lending end users benefit from a better customer experience across the whole process of securing and drawing down a loan.

Zumo, an Edinburgh-based mobile wallet and payments start-up backed by Coldplay bassist Guy Berryman, has launched an app that stores, sends and allows consumers to spend and exchange cryptocurrencies online.

Today, customers can use the app to buy, sell and exchange both Bitcoin and Etherium cryptocurrencies. Since the start of lockdown in March, the price of Bitcoin has risen sharply as retail investors rush to Bitcoin as a safe haven.

The financial services industry has been ruled by traditional banks for decades, but with the financial crash in 2008, regulation and microinspection paved the way for younger and more innovative competitors, leading to a new era of challenger banks. Driven by digital processes and new technology, and fuelled by the introduction of PSD2 regulation, challenger banks were able to take hold of the market, offering consumers alternative ways of banking.

genesis, the global capital markets software firm, has further expanded its management team by appointing Nick Kolba as Global Head of Platform.