IDnow, a leading European identity proofing and digital identity provider, has successfully arranged a new debt facility from funds and accounts managed by BlackRock that provides up to €60 million in financing. The debt facility will enable IDnow to leverage its existing market-leading identity platform.

Finastra announced today that The Co-operative Bank has selected Finastra Kondor in the cloud, available via Microsoft Azure, to upgrade its treasury infrastructure and automate manual reporting and processes.

Cornerstone VC, born out of black-led angel group Cornerstone Partners, has launched a £20m fund to invest in exceptional entrepreneurs in the UK from diverse backgrounds. 

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, announced today that the firm successfully began offering clients access to the popular Nifty equity derivatives through NSE IFSC-SGX Connect (the Connect), a new joint initiative between Singapore Exchange (SGX Group) and National Stock Exchange of India (NSE) launched on Friday, July 29.

Despite the significant risks, SMEs seem reluctant to take the same digital preventative measures to secure their IT infrastructure as they would to protect their office equipment or company-owned vehicles. Just as a business owner wouldn't underinsure a tangible business asset such as a factory, SMEs shouldn't leave their digital assets unlocked and in plain sight of criminals. In a business environment where every cent counts, preventative measures must be weighed against the costs of not having IT security protection in place.

AxeTrading, the award-winning global fixed income trading software company, has extended its Fixed Income products’ offering to support non-standard Interest Rate Swaps. This allows Raiffeisen Bank International (RBI) to respond quickly to complex inquiries in a competitive market environment and gain electronic market share.

Deutsche Bank and Traydstream have been working together since July 2021 with a detailed pilot of the Traydstream automated trade document checking platform. Both parties have now announced a further commitment for a deep dive into the bank’s trade operations as well as integration of Traydstream’s AI tools. The parties have agreed to integrate the Traydstream platform into the Deutsche Bank environment and intend to subsequently roll out the platform globally.

Tonik, the Philippines’ first neobank, continues to make digital banking easy and convenient for Filipinos through the integration of InstaPay services on its mobile app. This makes the neobank the first officially BSP-recognized and licensed digital bank in the country to fully implement InstaPay services.

What does the product do?

Trust Payments specialise in frictionless payments and value-added services by providing on-demand Payments and Banking-as-a-Service to help businesses grow and scale online, in-store, and mobile. Services and tools such as loyalty management and instant eCommerce combine to create engaging, new and innovative payment methods.

Who needs the product?

Federated Innovation @MIND, a public-private collaborative model to foster innovation and Fabrick, a business that promotes Open Finance at an international level, are two businesses that share a common desire to encourage the development of innovative concepts into concrete new products, processes and services that can contribute to economic growth in Italy and Europe while enabling collaboration and synergies between different sectors through the open