corfinancial today announces that Man Group, the global active investment management firm, has selected its treasury solution, Salerio, to manage the firm’s foreign exchange confirmation, settlement and netting processing.

Man Group uses Salerio to automate the management of securities post-trade processing and is expanding the use of Salerio to incorporate automation of foreign exchange processing. The investment management firm’s international growth has relied increasingly upon Salerio, which automates key middle office processes.

Francesca Carlesi, Co-founder and CEO of Molo Finance

“The stamp duty extension back in March was a responsible move by the Government. Not only did it allow many house-buyers to breathe a sigh of relief, but it also enabled market resilience and contributed to growing the UK economy. However, now that the stamp duty holiday has come to an end, initial signs are mixed, with price drops and price rises both being reported. 

Data from the latest edition of Landmark Information Group’s quarterly Property Trends Report has shown that residential property completions in June were 85% higher compared to the same month in 2019,  spurred on by the 30^th June Stamp Duty Land Tax holiday deadline. 

Leading global AI-powered credit decision platform provider, Scienaptic AI announced Numerica Credit Union has selected the company’s AI-powered platform to enhance its overall credit decisioning for several of its lending products and services, including consumer and commercial underwriting, CLI for credit cards, preapprovals, best credit product recommendations for members and credit risk assessment for the institution’s treasury services.

Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown:

‘’Far from bringing an added dose of confidence to investors, ‘Freedom Day’ appears to be a setback. Investors’ confidence in the UK has dropped by 5% in July, when compared to June, a steeper fall than the 2% registered on average for regions around the globe.

 Bybit, hitherto the world's largest derivatives-only cryptocurrency exchange, has announced its expansion into the crypto spot trading market.

Bybit Makes Audacious Stride Into Spotlight

Bybit's new spot trading platform opens to all on July 15 at 6AM UTC, and comes with zero maker fees. Upon launch, BTCUSDT, ETHUSDT, XRPUSDT and EOSUSDT will be supported. More trading pairs will follow shortly.

Infinicept, a leading provider of embedded payments, today announced the launch of its Partner Network to help software and fintech companies get payments going their way.

In partnership with Versapay, a leading provider of cloud-based payments and accounts receivable automation solutions, PYMNTS.com has published new research examining the digital shift currently taking place within finance departments and the driving forces behind it.

·      Tally^® is disrupting the monopoly of government-issued debt-based (fiat) currency in bank accounts.

·      World’s first to issue customer accounts with individual IBANs (International Bank Account Number) using non-fiat money.

·      Tally is a private sector designed ‘foreign currency’ anchored by physical gold and used globally with no transaction charges and no added foreign exchange (FX) margins anywhere in the world.

Risk leaders of global financial institutions must start managing risk in a far more active way to tackle their £multi-billion commitments to digital transformation warns Simon Wills, author of ‘Right time, right place’ a new in-depth report from ORX, the world’s largest operational risk association.