London fintech B-Social has completed a Seed 2 funding round of £7.8 million as it continues its push to become a fully-licensed bank.

Nazim Valimahomed, CEO said:

" I’m delighted to let you know that we’ve completed our Seed 2 funding round of £7.8 million, bringing our total funding to £13.25 million.

Our Seed 2 funding round is another key milestone towards building the greatest social bank on the planet and changing the relationship people have with money for good.

IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, has appointed Vince Graziani as new CEO effective 27 February 2020. For the past two years, current CEO Stan Swearingen has led the company through a period of new product and market ecosystem development. As IDEX is poised to transition to full commercial operations, Stan recommended that a new CEO be appointed to strengthen the management team, drive sales growth, and allow Stan to focus on strategy and advanced technology.  

As a consequence of the need to reduce costs, 400 positions are discontinued. As it has not been possible to find other positions in the bank for all affected employees, app. 230 are laid off across the Group.

BBVA has agreed to deploy new set of Cisco collaboration solutions to solve some of its digital communications and sustainability challenges.

Against a backdrop of political and economic uncertainty, UK borrowers turned to established and familiar lenders in 2019, according to a new research report* launched today by Equiniti Credit Services and Credit Kudos.

The UK-based tenant referencing company Keysafe has inked a partnership with Salt Edge, a leader in offering Open Banking solutions, to securely access tenants’ bank data without the need to acquire its own PSD2 licence.

Today, cyber security provider F-Secure and Nifty, Japan’s leading internet service provider (ISP), announced they were expanding their partnership with Nifty’s deployment of F-Secure’s identity protection services in Nifty’s “@nifty Password Manager”. And in a separate deal, as of February 26, Nifty’s existing “Always-On Security 24” services deploy F-Secure SAFE as its core component, and the foundation for its expanded services.

The 5th Blockchain Life 2020 returns to Moscow on April 22-23 at the unique media venue Music Media Dome. The international forum annually gathers over 5000 participants from 70 countries, proving to be one of the biggest events on blockchain, cryptocurrencies, and mining in the world.

Get a ticket before the price increase: https://blockchain-life.com/europe/en/

With 2020 dawning in a matter of months, the start of a new decade provides an opportune time to reflect on the evolution of the equity-trading market: What will it take for buy-side institutions to thrive in this fast-changing world? How quickly can you adapt to seize upon opportunities created by new economic, regulatory,  technological, and political realities? 

Finastra today announced the launch of four new retail banking apps on FusionStore, the firm’s app marketplace.