11th Global Islamic Microfinance Forum was successfully concluded at Metropolitan Hotel Dubai, UAE under the patronage of AAOIFI Bahrain. The purpose of that forum was to promote, strengthen and unite the organizations of Islamic microfinance (IsMF) with the theme of financial Inclusion, outreach strategies & innovations. Eminent Speakers and industry professionals from well-serving organizations related to Microfinance, Islamic microfinance, micro-insurance and NGOs participated in the event.

Recent research from Airwallex, the global fintech platform, revealed that US and UK-based SMEs are turning to fintech solutions to help manage their finances and bolster growth amidst the current economic environment. The independent survey of 1,500 SME decision makers across the US and UK found that almost half of US (48%) and UK (42%) SMEs are moving “even more aggressively” towards digital platforms and away from traditional banking services due to economic uncertainty.

Eurazeo, via its Small-Mid Buyout team, is today announcing the signature of an agreement with a view to investing in NeoXam, alongside its founder Serge Delpla and its management team led by Florent Fabre.

Under the agreement, Eurazeo would invest more than €100 million, thus becoming the group’s majority shareholder. Historical partners (led by Cathay Capital and BPI), shareholders since 2018, would sell their shares on this occasion.

Currencycloud, the experts in simplifying business in a multi-currency world, have partnered with London-based Quid Global, the single-sign-on digital ecosystem dedicated to SMEs, to launch Quid’s global wallet that supports businesses in their international development.

Nium, the global platform for Modern Money Movement, today announced the launch of Nium Airline Payments (NAP), a closed-loop payments solution powered by Universal Air Travel Plan (UATP). NAP provides airlines, travel agents, and online travel agencies (OTAs) with a sustainable and equitable ‘closed loop’ payment model, which closes the door on damaging surcharges and business-restricting non-acceptance policies that have inflated the cost of B2B travel payments for decades.

Railsr, the leading global embedded finance experiences platform, has launched Insights, a dashboard to empower brands to track, manage and enhance the end-to-end experiences of their customers.

Nutanix has today announced that, in response to the global climate crisis and the recent energy crisis, it has sponsored an in-depth report to help business decision makers not only minimise energy costs but radically cut the carbon footprint of their datacentre assets. 

Atom bank, the UK’s first app-based bank, has today revamped its serviceability criteria for both variable and fixed rate commercial mortgage products as it looks to improve access to finance and challenge the high street lenders.

United Fintech, the go-to platform for capital markets digitisation, has announced the appointment of Thomas Petersen as Head of Data Partnerships, bolstering its team of global talent as it continues its growth.

Vayana TradeXchange, the International Trade Financing Services (ITFS) platform facilitating cross-border trade finance under the supervision of the International Financial Services Centre Authority (IFSCA), GIFT City, today announced the completion and disbursement of its first set of export financing transactions.

Vayana TradeXchange (VTX) is built and operated by Vayana (IFSC) Pvt Ltd, a 100% subsidiary of Vayana Network, the largest Supply Chain Finance platform in India.