WiseAlpha, the UK’s leading digital bond market, is delighted to announce that after 10 weeks of consumer voting, they have once again been nominated for the prestigious British Bank Awards. This year the British Bank Awards, affectionately known as the ‘Oscars of the banking world’, have had a record number of votes cast across a huge variety of entries, making this an exciting achievement for WiseAlpha.  

 SBI Card Pay, a payment feature based on Host Card Emulation (HCE) technology, which allows customers to create virtual version of their physical SBI Credit Card on their mobile phones and then tap their phone at Near-Field-Communication (NFC) enabled Point of Sale terminals (POS) to make payments at merchants, is now available on Mastercard platform.

GreenBond Meter, an eco-friendly initiative that allows people to save native forests with the purchase of cryptocurrency, is partnering with Sumsub for KYC, KYB, crypto monitoring, and video verification. The companies are combining efforts to deliver easy, people-friendly, and safe customer verification for those who value environmental protection and lowering their carbon footprint.

Commerzbank is making good progress on its roadmap towards the cost reductions targeted in its strategy 2024. The Bank has reached an agreement with the Central Works Council on a voluntary programme for the necessary headcount reduction. A reduction in Germany totalling around 1,700 full-time equivalents is to be achieved through the programme by the end of 2021.
 

illimity SGR, the illimity Group’s asset management company created to set up and manage alternative investment funds, has completed the first closing of “illimity Credit & Corporate Turnaround” (the “Fund” or “iCCT”)—a contribution fund dedicated to investments in unlikely to pay (“UTP”) loans to SMEs with revival and relaunch prospects.

UK technology scale-up experts Tech Nation has selected Featurespace™, the leading provider of Enterprise Financial Crime prevention software, for its inaugural Tech Nation International Growth Programme,  which is part of the Digital Trade Network

Enno Weitzel, Surecomp’s SVP of Strategy, Digitization and Business Development highlights the biggest  IT challenges in trade finance and how TFaas can help to overcome them.