A staggering report from the UK Cabinet Office shows that half of all public sector spending on technology is dedicated to keeping old IT systems going.

·  BondAval has raised over $9m in its first year since founding

·  Strong investor validation underscores the opportunity and value of BondAval’s proprietary MicroBonds™️

·  Pioneering financial instrument enabled by technology provides certainty to supply chains

Luminor Bank, the third-largest bank in the Baltic region, and Ondato, the leading provider of compliance as a service, are partnering to allow companies the opening of Luminor business accounts remotely in Latvia.

● Ebury will support TopSource Worldwide’s growing client base of over a thousand businesses in making payments to thousands of employees 

● Ebury’s proposition allows high volume time critical payments in over 140  currencies to 200 countries alongside a dedication to customer service 

● Integration of Ebury Mass Payments helps TopSource Worldwide remove barriers  to growth for international scale-up clients  

The Hong Kong Applied Science and Technology Research Institute (ASTRI) joins forces with tech-embracing companies to leverage a privacy-preserving technology, called “Federated Learning”, to develop artificial intelligence (AI) models and output in the form of encrypted parameters that serve as a reference for financial institutions to conduct comprehensive credit analyses for micro, small and medium-sized enterprises (MSMEs) to help them get access to financing.

Nubank revealed that it turned its first-ever half-year profit in Brazil, its home market and its biggest one, per Reuters.

The neobank reported H1 2021 net income of BRL$76 million ($14.7 million), a year-over-year (YoY) surge from its H1 2020 loss of BRL$95 million ($18.4 million). (The update doesn’t include performance data for the company’s other markets, Mexico and Colombia.)

New partnership with Backbase will allow Westerra Credit Union to scale digitally with increased flexibility and speed

US based Orbis Systems which provides turnkey API and technology stack for global brokerages, fintechs and financial institutions has partnered with banking workflow automation platform Signzy to automate customer onboarding. Orbis will leverage Signzy’s AI powered onboarding suite to offer identity verification services for Indian and global customers. 

Challenger bank utilising the nCino Bank Operating System® to bring easier access to funding to SME property developers

nCino, Inc. a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that ‘champion for the North’ challenger bank GBB is live on the nCino Bank Operating System®.