COVID-19 has shifted the role of the internal finance function.

From “work from home” mandates and furloughs to downsizing and outright business closures, every department found themselves forced into change. Finance departments have been particularly impacted due to the crucial role they play when it comes to businesses navigating through crises.

Buy Now Pay Later (BNPL) provider Zilch has partnered with challenger credit reference agency and Open Banking provider Credit Kudos to better assess affordability of its customers. 

Businesses in the UK and U.S. have been ramping up their identity verification processes in order to protect customers during the COVID-19 pandemic. 

Nutanix (NASDAQ: NTNX), a leader in hybrid and multicloud computing, today announced the release of the first cloud agnostic multi-database management solution. Era 2.0 extends the Nutanix database management solution across clouds and clusters to simplify operations, with increased scale and reduced costs for IT and database teams. Additionally, Nutanix announced expanded support for Postgres and SAP HANA as well as a joint solution, powered by Era 2.0, with HCL, a leading global technology company. 

INSTANDA, the leading customer and policy management platform for the insurance industry, has successfully launched its first African insurance market product on its platform with newly-onboarded client, Standard Bank South Africa.

INSTANDA has worked closely with Standard Bank Insurance to enable them to launch a new commercial cyber insurance product. After just one week of training, Standard Bank Insurance started working on the product themselves and were able to test and take it to market in under six months.

There are many different arms of fintech being developed specifically for businesses and investment companies, but virtual reality is something that has existed for a while in different formats, and is being adopted into the investment space through innovate software. Interested to find out more? Here’s some key information about virtual reality currently, and how it ties in successfully with the property investment world.

Origins of VR

Despite this festive period promising to be the most online ever, fears of failure threaten a fifth (21%) of online retailers. A new study from London-based online payment company, Checkout.com, shows one in five (19%) online merchants don’t think their e-commerce offering will cope with this year’s online festive sales rush, rising to 22% for smaller retailers*.

Red Hat, Inc., the world's leading provider of open source solutions, announced several upgrades to its enterprise automation platform, including the latest version of Red Hat Ansible Automation Platform with new Red Hat Certified Ansible Content Collections, automation services catalog and private Automation Hub.

There has been a steady stream of transaction tax announcements in the last ten years. High profile Financial Transaction Taxes (FTTs) have been introduced in France and Italy and more specific dividend taxes in the US with 871(m) and 305(c), and Capital Gains Taxes (CGT) introduced globally. As a result, the market has had to wake up to a growing operational challenge on top of those caused by the tide of regulations including MiFID II and EMIR, not to mention planning for the arrival of CSDR.

Advapay, a digital core banking platform for fintechs, and Sumsub, an identity verification platform that covers KYC/KYB/AML needs, have partnered to deliver a smart KYC and AML solution to digital banks and fintechs.