On Friday, the Reserve Bank of Australia (RBA), in collaboration with the Digital Finance Cooperative Research Centre (DFCRC), held an invitation-only conference in Sydney for participants in the Australian Central Bank Digital Currency (CBDC) pilot project. In a live demonstration, Monoova’s CTO Nicholas Tan, successfully completed the first real-world, cross-border settlement using the pilot CBDC.

Mangopay, the platform-specific payment infrastructure provider, announces the appointment of Michal Jedraszak as Chief of Staff. In this newly created position, Michal Jedraszak will oversee project management and governance, and drive cross-functional initiatives. Michal will also work closely with the C-suite to develop and implement strategic plans to support Mangopay's global growth. 

Mia-FinTech, the fintech startup that enables banking and financial institutions to evolve towards open finance, and Mambu, a leading cloud banking platform, embark on a new partnership to accelerate the delivery of digital financial products and services.  

Bibby Asset Finance, the asset finance division of Bibby Financial Services (BFS), has announced a new senior hire in the next stage of its refocused growth strategy to increase lending throughout the UK. This latest appointment follows a series of hires across the team, announced in February of this year.

With 15 years of experience in the financial services sector, Martin Bugden joins Bibby Asset Finance as Senior Business Development Manager from his previous role at PCF Bank.

Zambia the south-Central African Country is ready to embrace the concept of Islamic Finance. Islamic Finance Industry potential is increasing day-by-day not only in Muslim-dominated markets, although in non-Muslim markets. It is a positive gesture towards the growth of Islamic finance industry in Africa. The Market Penetration for Islamic Finance is more in East and West Africa, then in Central Africa. In south part of Africa South Africa was the pioneer for Islamic finance in Africa and after Zambia has huge potential for Islamic finance.

Thirdfort, a client-risk management platform combining Know Your Client (KYC), Anti-Money Laundering (AML) and Source-of-Funds (SoF) verification, has been downloaded by more than one million users since its launch 4 years ago, or around 2.5% of all adult smartphone users in the UK.* The fast-growing app has seen notable growth in demand, fuelled by fears of fraud and money laundering, alongside Government efforts to encourage the use of digital ID tools.

AAZZUR, an innovative embedded finance integrator, has collaborated with Salt Edge, a leading open banking platform, to enrich its open banking offers and accelerate go-to-market for its clients.

The British Business Bank has agreed an initial £75m ENABLE Guarantee with Cynergy Bank.

The guarantee will cover a portfolio of term loans secured, within the commercial real estate sector (e.g. hotels or care homes) and has the potential to be increased to £150m, resulting in up to £70m of additional lending capacity to small businesses.

As one of five selected companies by the European Central Bank (ECB), Worldline, a global leader in payment services, is proud to announce its participation in the offline digital euro front-end prototype testing, as part of the ECB investigation exercise.