Payments Council of India (PCI), the representative body of digital payment system participants in India welcomes the steps outlined to prevent operations of illegal loan apps, resulting from the meeting held on 8^th September 2022. During the meeting, the Finance Minister expressed the concerns arising out of illegal loan apps offering loans and microcredits to vulnerable/low-income groups and exploiting these groups through various illicit practices.

Accountancy, both in industry and practice, looks to automation as a pathway to its future, according to a survey of accounting professionals by Moss, a new fintech specialising in transforming the finance management of small to medium enterprises (SMEs) launching in the UK today. More than half of respondents (57%) predict that accountancy will become completely cloud-based or automated within the next few years as the sector embraces greater levels of innovation.

Last night was intelliflo’s first time at the Wealthie awards and we’re excited to have won the 2022 WealthManagement.com Industry Award (‘Wealthie’) for Rebalancing for our RedBlack solution.

Murex, the global leader in trading, risk management and processing solutions for capital markets, has integrated with ICE Data Services, which is part of Intercontinental Exchange, to offer a more efficient workflow for accessing ICE’s fixed income and derivatives data via the MX.3 platform.

The day after it emerged that a funding round for Freetrade fell apart earlier this year, the UK stock trading app has gone back to the public with another crowdfunding campaign.

Several months ago, Freetrade signed term sheets with new investors to raise money at a £700 million valuation, according to a letter obtained by the Financial Times.

FNZ, the global wealth management platform, today announced that it has agreed to acquire DIAMOS AG, the specialised wealthtech provider for the asset and wealth management industry, to further enhance its global wealth management platform.

The acquisition will strengthen FNZ’s global client proposition by adding advanced product and service solutions to its existing end-to-end wealth management platform.

Acronis, the global leader in cyber protection, today announced it has been named a Visionary in the Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions for the second year in a row.

Two months after its acquisition of the UK-based company Cornhill, global financial services provider iBanFirst which has 300 employees in 10 countries, is further accelerating its growth throughout Europe.
 
Specialised in international payments, iBanFirst has experienced an average growth of 100% over the past several years and announces a string of new appointments.
 
The following people have been appointed to the company’s executive committee:
 

Hyland, a leading content services provider named a Leader in the industry for the 12^th straight year by Gartner, has joined the Linux Foundation and will sponsor Open Source Summit Europe, demonstrating Hyland’s deep and growing commitment to the open-source community.

Zai, the global financial technology company delivering embedded finance orchestration solutions, has announced a partnership with TerraPay, a leading global payments infrastructure company. This partnership enhances both companies’ ability to scale their offerings and deliver real-time, transparent cross-border payments globally.