AREX Markets, the data-driven FinTech company that drives financing costs down for SMEs and enables them to get access to cash quicker, today announces its Series A funding round, securing EUR 8.8 million to accelerate its rollout in the UK and Spain.

BPL Global, specialist Credit and Political Risk Insurance (CPRI) broker, has  further consolidated its position as the resident expert in the CPRI market with the release of its  latest innovation, BPL Sphere – a new platform designed to give clients full and immediate visibility  to their CPRI portfolio and exposures across their global operations.  

Jack Zhang, Co-founder and CEO of Airwallex, has been awarded the University of Melbourne Faculty of Engineering and Information Technology’s Kernot Memorial Medal for engineering excellence. In addition, Airwallex also announced today the opening of its second engineering hub in Australia, based in Sydney.

Integral (www.integral.com), a leading technology company in the foreign exchange market, reported today average daily volumes (ADV) across Integral platforms totaled $51.0 billion in June 2021. This represents an increase of +8.7% compared to May 2021 and an increase of +45.3% compared to the same period in 2020.

Reported ADV represents volumes traded across the group’s entire liquidity network, including TrueFXTM and Integral OCXTM, in aggregate.

Blackfinch Asset Management is pleased to announce that its Managed Portfolio Service (MPS) is celebrating its three-year anniversary since launch. During this time, the team has expanded five times, has welcomed over 50 partner firms, and assets under management have increased threefold.  

Intec Systems Limited (Intec) has acquired e-commerce solutions provider Orion Consulting Limited (Orion) in a move to accelerate its expansion in the Digital Transformation market.

Orion Consulting has an established E-Commerce and EDI Solution range (PathFinder) as well as offering a comprehensive range of consulting and managed services. By being able to provide both a cloud based and on-premise solution, PathFinder provides complete flexibility and puts control in the hands of the customer and their specific business and IT model.

Capital.com, the high-growth trading and investing platform empowering everyone to trade responsibly, has launched a dedicated stock dealing account for clients in the UK and Europe. The new account, labeled Capital.com Invest, enables customers to easily and securely invest in global stocks without paying any commission.

 ZEDRA, the fastest growing global specialist in Active Wealth, Corporate, Global Expansion and Fund Services, expects to see triple digit revenue growth in 2021, having expanded its client base by 20% between October 2020 and June 2021. ZEDRA’s headcount has also tripled in the same period with an additional 139 employees, and the firm expects to capitalise on the UK’s growing levels of wealth.

The KPMG Private Enterprise Global Tech Innovator Africa competition came to an exciting close this week and saw Africa’s future unicorn, Ukheshe, take second place among 75 other worthy entrants across Africa.

With digitalisation reaching new heights, it’s important the financial services industry shifts sooner rather than later, to technology that can meet the demands of today. Digital transformation has become a priority for many organisations which are now looking to rapidly implement changes. As a result, it is critical IT units have access to technology that can adapt to the needs of the business.