Ambitious tech start-ups share many common character traits and challenges in their drive for growth.

While growing to be strong they’re also at their most fragile and vulnerable. Culture, productivity and alignment can be in a state of flux. At worse this volatile mix can prove lethal for a young tech company.

Backbase today announces that Mauritius Commercial Bank (MCB) has gone live with a brand new mobile app for SMEs built from the ground up on the Backbase Digital-first Banking Platform. This milestone marks the completion of the first phase of MCB and Backbase collaboration. Together with Backbase, the bank is accelerating the path towards digital transformation in order to enhance the customer experience by providing its clients with tailored services that they can access with ease, wherever they are.

Global financial services provider iBanFirst, delivering solutions across banking borders, announces the appointment of Yann Stadnicki as Chief Data Officer (CDO). He will be responsible for managing iBanFirst’s Business Intelligence, Business Analytics and Data Engineering teams, which will leverage data, artificial intelligence and machine learning across all company workstreams responsible for its client portfolio – such as sales, finance, and research and development (R&D).
 

Lightnet Pte. Ltd., a Singapore-based Fintech company, has signed a Memorandum of Understanding (MOU) with SEBA Bank, a FINMA-licensed Swiss Bank to provide a seamless, secure and accessible bridge between digital and traditional assets, in a bid to strengthen the Lightnet Group's remittance settlement capability.

Colt Technology Services has extended ‘on demand’ capability to its premium business internet offering in Singapore, becoming the only provider in Singapore and the region to provide customers with IP Access On Demand via its SDN-enabled On Demand platform.

Producing a formalised, long-term strategic vision will be key for UK small businesses looking to thrive post-Covid, according to a new study commissioned by business bank, Allica Bank. The research aims to identify what makes UK SMEs successful, and provides guidance to support British businesses as they look to chart a course of recovery following the impacts of the COVID-19 pandemic. The study analysed data from over 1,000 companies and ranked their success on a scale that evaluated facto

There are around 5.9 million small and medium sized enterprises (SMEs, or any business with fewer than 250 employees) in the UK according to the Department for Business, Innovation & Skills. Seen to be the backbone of any healthy economy, they drive growth, create a group of skilled and semi-skilled workers, generate competition and encourage innovation across a range of industries, as well as supporting future industrial and business expansion in the country. They keep the business sector energised, generating a healthy flow of new skills and ideas.

I was recently invited to a meeting where the Marketing Director of a fintech company told me how he was going to revolutionise the sector with the launch of their new venture. He explained that they would march through the industry, gaining market share like an indestructible army, as their technology destabilised the established players.

Radius Bank, the best online US bank of 2020*, and Currencycloud, the leader in providing B2B embedded cross-border solutions, have partnered to offer Radius clients the ability to send money to more than 180 countries.

IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced the appointment of Gay Huey Evans OBE as an independent director to its board, effective August 21, 2020. She will also join the company’s audit committee. Following the appointment, 40% of the independent directors on the IHS Markit board are female.