Citi’s Issuer Services, acting through Citibank, N.A., has been appointed as the depositary bank by ZKH Group Limited (“ZKH”), a leading maintenance, repair, and operations ("MRO") procurement service platform in China, to act as Depositary Bank for its American Depositary Receipt (“ADR”) program.

Velmie, a wealth management technology provider, announces the launch of its new software platform built exclusively for syndicated investment companies operating in the US real estate sector. The platform is poised to redefine the landscape of syndicated investments, leveraging modern technology and unparalleled features to streamline operations and elevate customer experiences.

In the ever-evolving landscape of financial technology, the transformative influence of cryptocurrency and decentralized finance (DeFi) has become increasingly pronounced. As the Chief Technology Officer of DKK Partners, I am enthusiastic about delving into the key facets that make these technologies not just disruptive but pivotal for the future of the financial sector.

Cryptocurrency's Evolution Beyond a Buzzword

FlexTrade Systems, a global leader in multi-asset execution and order management systems, and LSEG have today announced a partnership to deliver FlexTRADER EMS clients seamless access to FXall, LSEG’s leading electronic trading platform for global currency products. The move is designed to support regulated FX flows and further enhance the capabilities of FlexFX as part of FlexTrade’s buy-side multi-asset trading platform.  

Deloitte, the leading global professional services firm, is partnering with Fintech Saudi to foster the growth of emerging companies in Saudi Arabia’s financial technology sector through the Makken Program. Saudi Fintech is an initiative by the Saudi Central Bank in collaboration with the Capital Market Authority, aiming to transform Saudi Arabia into an innovative fintech hub with a thriving and responsible fintech ecosystem.

Digital identity company Yoti has received £12.5 million in debt funding from HSBC, and a further £7.5 million in convertible debt funding from existing shareholders. The £20 million funding will support the continued growth of the company through to achieving profitability and beyond.

Apple’s recent product event unveiled the super-speedy M3 chip to the world, promising turbocharged processing speeds and transforming future app capabilities. But it’s Apple’s launch of iOS 17.1 and its new iPhone Wallet app – now integrated with the UK’s Open Banking framework – that’s set to change the way we pay. Combined with Apple’s Tap to Pay tech, which transforms an iPhone into a contactless POS terminal, is Apple on the verge of global payment domination? 

Updraft, a well-known consumer lending FinTech, has raised a substantial £272m.

The financing comprises a £250m forward flow arrangement with Jefferies Financial Group and Santander Corporate and Investment Banking, along with senior financing from Santander CIB. Additionally, the company raised a further £22m in Mezzanine and equity investment led by Quilam Capital, MoreThan Capital, LC Nueva AIF, and Auluk Investments.

NexPay, a rapidly growing fintech company, is revolutionizing international student payments to make studying abroad more accessible and hassle-free. They recognized the need for a comprehensive financial crime prevention and real-time transaction monitoring solution.