TS Imagine, a global leader in trading, portfolio, and risk management solutions for capital markets, today announced strong growth during the first half of 2022, a year after Trading Screen and Imagine Software merged to become TS Imagine.  

Partnerships 

Marble and Gemini to Offer Cryptocurrency Rewards for Insurance

ID-Pal, the global identity verification provider, today announced a €7 million (£6 million) Series A funding round to further fuel expansion into international markets.

The round was led by Inspire Investments with confidence shared by Act Venture Capital who has now participated in ID-Pal’s last two rounds. Inspire Investments is led by Derek Delaney, CEO of Waystone, and is the private holding company for the management of Waystone.

ING and NXP Semiconductors have developed a payment method that involves pointing your mobile phone in the direction of the person you’re paying. The method is called NEAR and was developed by ING Factory, ING’s workshop for technological customer and payment innovations. ING and NXP are collaborating with Samsung to ensure that the payment method is compatible with their devices. This first peer-to-peer payment application involves making a payment by holding a phone close to another phone.

Freedom Finance, one of the UK’s leading digital lending marketplaces, is delighted to announce that Emma Steeley will be joining the company as CEO, starting from today.

After raising $120 million in a Series C fundraising round led by Dai-ichi Life Insurance Company, the UK-based insurance company YuLife is poised for global expansion.

YuLife's life insurance product allows policyholders to do ordinary wellness activities to earn YuCoin, which they can use to purchase gifts for themselves, friends, and family, or to better the world by planting trees and donating to charity.

Fintech Week London (FTWL), a community that highlights and celebrates London's innovative fintech scene, has launched an investigation into fintech valuations and funding.

Despite record levels of investment into fintech companies in 2021, analysis has revealed a sharp decline in 2022 with firms struggling to raise fresh funds, and growing reports of falling valuations, fire sales, staff layoffs and recruitment freezes across the industry.

An Interview with Toh Su Mei, CEO, ANEXT Bank

Financial IT: Tell us more about ANEXT Bank and its mission.

Global loss figures published by ORX, the world’s largest operational risk association, reveal a decline in total gross loss across the banking community. This is despite the challenging environment created by both external threats, including geopolitics, cyber risk, the economy, and internal developments, particularly as the industry moves to digitalise.    

In 2021, 85,585 operational risk loss events were submitted totalling €20.3bn in the gross loss.