London based FinTech, Flagstone, developer of the UK’s largest cash deposit platform which provides clients with access to over 550 deposit accounts from 30 banks through asingle application, has raised

£11m in growth capital from investors including Kindred Capital, Moneysupermarket Group plc, VentureFounders and a number of private individual investors.

Path Solutions, a global provider of technology solutions, consulting, and outsourcing services to the Islamic finance industry, has signed a partnership agreement with Infrascale, the leader in Hybrid Cloud Disaster Recovery as a Service (DRaaS). 

With the partnership in place, Path Solutions will offer Infrascale’s Disaster Recovery solutions to its existing and potential clients. The strategy will bring a strong DRaaS offering and data protection to customers throughout the Middle East.

Payment  leader Ingenico Group (Euronext: FR0000125346 - ING) has launched LinkPlus, a simple and secure solution for businesses who handle payments over the phone. The solution enables online businesses to send payments through a link or QR code, removing the need to manually process unsecured credit card details or banking information. 

Judo Bank, the first SME focused bank operating in Australia, today announced that it has gone live in record time with Temenos T24 Transact, Analytics, Financial Crime Mitigation and Channels – a module of Temenos Infinity – running on Temenos Cloud.

Fenergo, the leading provider of digital Client Lifecycle Management (CLM) software solutions for financial institutions, revealed that 20% of C-suite executives in banks say that the maturity of their technology infrastructures is preventing them from investing in new, disruptive technologies including big data analytics and Artificial Intelligence (AI) to improve CLM. 67% are not currently partnered with a fintech/regtech provider to improve operational efficiencies and just 40% of respondents have integrated with an external data or Know Your Customer (KYC) utility provider.

Horizontal data lineage traces the journey of a piece of data as it moves through the system from source to destination. It could be a piece of content originally picked up from a prospectus or a company’s articles of incorporation; that is incorporated into a data product, is licensed by a financial institution; and put into a database before it flows through to a report or business application.

Cloud experts Renovite Technologies has strengthened its position in the electronic payments market through the appointment of two senior product managers.

The appointment of Anton Godfrey and David Lock adds over 60-years’ specialist payments experience to Renovite Technologies, who deliver cloud-native payments solutions to banks and financial organisations worldwide.

Mr Godfrey and Mr Lock will fulfil global roles, working closely with development teams across Renovite’s global offices.

Visa announced it has acquired control of Earthport, a company that provides cross-border payment services to banks, money transfer service providers and businesses via the world’s largest independent ACH network.

WHISHWORKS, a Big Data specialist and MuleSoft^®strategic partner for the banking and finance sector, has announced exciting expansion plans across the USA and the Middle East as it grows its customer base, increases headcount and reports its highest ever year-on-year revenue growth.

Cyber security provider F-Secure has earned two new International Electrotechnical Commission (IEC) certifications that recognize the company’s expertise in developing secure components for industrial control systems (ICSs). The certifications, IEC-62243-4-1 and IEC-62243-4-2, define the cyber security requirements for the development lifecycles and products used in industrial control and automation systems.