Today the British Business Bank has announced that it has approved BLG Development Finance, Conister, RM Funds and Western Union Business Solutions for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS).

These new CBILS lenders will be able to provide finance to smaller businesses with turnover of up to £45m that are suffering disruption to their cashflow due to lost or deferred revenues during the Covid-19 outbreak.

Cappitech, a multi-award winning and leading provider of regulatory reporting, best execution analysis and business intelligence solutions for the financial services industry, announces the extension of the regulatory regimes it supports to include the Monetary Authority of Singapore (MAS) OTC Derivatives transaction reporting through The Depository Trust & Clearing Corporation (DTCC), the premier post-trade infrastructure for the global financial services industry.

Bankia, the fourth largest financial institution in Spain¹, has selected Avaloq’s on-premises solution to support the bank’s aspiration to further grow its wealth management business. Bankia, which selected Avaloq after a highly competitive tender process, is the wealthtech’s first Spanish banking client.

Populous World, the company behind the Populous Invoice Platform ‘PIP’, is officially announcing the release of the Populous Exchange ‘PopEx’. The sole purpose of PopEx is to further bring together the world of crypto and traditional finance under one roof, making it easier for users to access and trade various cryptocurrencies while also giving users direct access to traditional financial markets such as invoice finance via the PIP.

SnapLogic, provider of the #1 Intelligent Integration Platform, today announced new enterprise automation capabilities that empower employees across the business to quickly and easily connect applications and data, streamline work

Cloudera, (NYSE: CLDR), the enterprise data cloud company, today announced the general availability of Cloudera Data Platform Private Cloud (CDP Private Cloud). CDP Private Cloud extends cloud-native speed, simplicity and economics for the connected data lifecycle to the data center, enabling IT to respond to business needs faster and deliver rock-solid service levels so people can be more productive with data.

FXPress Payment Services Limited (FXPress), the fintech payment services company, is pleased to announce that it has entered an agreement to acquire Avila House Limited (“Avila House”), a licensed Small Electronic Money Institution (“small EMI”), subject to receiving appropriate regulatory approvals. The deal gives FXPress customers licensed access to receive and hold client funds in multi-currency accounts, allowing the company to further expand its offering with new products and services.

Today, the Board of Banking Competition Remedies Ltd (BCR) announced it is awarding Onfido a £5M grant from the Capability and Innovation Fund Pool, which facilitates development and innovation of financial technology that is relevant to Small and Medium Enterprises (SMEs). 

Red Hat, Inc., the world's leading provider of open source solutions, today announced updates to its portfolio of developer tools, bringing new capabilities that further equip customers to build, deploy and manage applications in Kubernetes-based environments.

ACA Compliance Group (ACA), a leading provider of governance, risk, and compliance advisory services and technology solutions, announced today the launch of the mobile app version of its ComplianceAlpha platform for risk and compliance management.