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Spandana Sphoorty Announces Shalabh Saxena as the MD and CEO, and also Announces Other Key Business Updates

Additionally, Ashish Damani will take over as President and Chief Financial Officer, and Abanti Mitra to take over as Chairperson of the Board, while Deepak Vaidya will continue as an Independent Director

Spandana Sphoorty Financial Limited’s  Board of Directors met today and discussed several critical matters related to the leadership transition and business operations.

Key Leadership Updates:

Monday, November 22, 2021 - 11:30
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Financial IT
Irish Bank Commits € 5 Million to Synch, a Joint Venture for Payment Apps
The four Irish banks seeking to set up a money-transfer app to rival Revolut have raised an additional €5 million to fund the venture.
Monday, November 22, 2021 - 11:19
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Financial IT
US Banks Must Soon Report Significant Cybersecurity Incidents Within 36 Hours

U.S.financial regulators have approved a new rule that requires banking organizations to report any “significant” 

Monday, November 22, 2021 - 10:44
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Financial IT
British Business Investments – Full Year Results for the Period Ending 31 March 2021

British Business Investments, a wholly-owned commercial subsidiary of British Business Bank plc, today publishes its Annual Report and Accounts for 2020/21.

Key highlights include:

·       A record number of 18 commitments to new and existing delivery partners, totalling £473m

·       In its seventh year of operation, cumulative commitments are up 19% year-on-year to over £3bn

Monday, November 22, 2021 - 10:39
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Financial IT
Bound Secures $6.5m in Seed Financing From Top Investors Behind the Likes of Klarna & Wise
  • Valar Ventures, Moonfire and Album VC, along with founders from a number of billon-dollar fintech successes invest in London-based start-up

  • Bound, tipped by VCs to be the next big European fintech, is building a platform to make currency hedging easy for SMEs

  • Taking just 30 mins to set up, Bound can save the average business £70,000+ a year

Monday, November 22, 2021 - 10:19
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Financial IT
AstroPay Expands E-commerce Reach with WooCommerce, VTEX, and PrestaShop

AstroPay, a global leader in online payment solutions, announced today that it has signed agreements to partner with leading international e-commerce platforms including WooCommerce, VTEX and PrestaShop to expand its e-commerce reach and access wider consumer base in new markets.

Monday, November 22, 2021 - 10:03
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Financial IT
TelcoSwitch Enhances Omnichannel Offering With Integration Into UK’s Largest E-commerce Platform

Integration with EKM opens up the company’s contact centre platform to over 80,000 UK businesses

TelcoSwitch, a leading software provider of unified communications and compliance solutions, has announced that its omnichannel customer experience platform for contact centres, 3Sixty, now offers integration with EKM, the UK’s number 1 e-commerce provider. 

Monday, November 22, 2021 - 09:45
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Financial IT
KNEIP to Provide Transparency and Efficiency for the Investment Funds Industry in Europe through Nasdaq Fund Network

KNEIP, a leader in fund data management and reporting solutions for the asset management industry, today announced a partnership with Nasdaq to register investment funds in Europe on the Nasdaq Fund Network (NFN), providing enhanced transparency and accessibility of investment products in Europe with standardised 5-character symbol.

Monday, November 22, 2021 - 09:30
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Financial IT
Majic Reports First Consolidated Financials with Revenues of 6.28 Million in Revenues & 173 Million in Assets

Majic Wheels, Corp., a Delaware corporation, that is positioning itself as a player in the disruptive industries of fintech and software development. Majic’s CGCX subsidiary has a Digital Asset Platform that brings value from the diversified business model and security to the clients through insurance and infrastructure offering services such as Crypto Exchange, Digital Custody Services and Token Listing Platform under one-fold and developing various software solutions for the broad blockchain industry. 

Monday, November 22, 2021 - 09:23
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Financial IT
Concordia and Unizest Join Forces to Help Recruit the Overseas Workers Tackling UK Shortages This Christmas

One of the country’s largest seasonal labour recruitment organisations, 

Monday, November 22, 2021 - 09:17
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Financial IT

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