The British Business Bank has agreed an initial £175m ENABLE Guarantee with specialist commercial lending bank, DF Capital.

The Guarantee will enable Manchester-based DF Capital to provide up to £225m of additional inventory finance annually through its commercial floorplan and unit stocking solutions for UK SME dealer and manufacturing businesses.

The businesses that will survive and thrive in 2023’s challenging economic environment all have one thing in common, resilience. Being resilient means a business is able to deal with shocks and adversity while continuously adapting to achieve growth in any environment. A key factor to achieving resilience is partnering with others to do the things that aren’t core to your business model. That’s exactly what embedded fintech is all about.

Microsoft is to acquire a 4% stake in the London Stock Exchange Group (LSEG), This stake is part of a larger 10-year partnership which also incorporates a commitment for LSEG to spend a minimum of £2.3 billion on cloud computing services over the contract period. It is a big move.

Hi Sun FinTech Global (HSG) supports ACU Group to offer fast, transparent and cost-effective international payments in multiple currencies.

Gartner estimates $195 Billion of spending across industries on Cloud Application Services (SaaS) in 2023, with Financial Services, set to be one of the key contributors to this overall estimated spend. 

Attempted fraud in the financial industry has risen sharply since the start of the cost of living crisis began in late 2021.

Homeppl, one of the leading fraud prevention providers has confirmed this week that 91% of the fraud they flag in applications stems from applicants attempting to conceal their true financial status by modifying original financial documents or creating completely fake ones.

Core10, Inc. (Core10), a U.S.-based financial technology company that provides lending and account opening products, as well as software development services, today announced the close of a $6.5 million Series B funding round to support the expansion of its Accrue platform and banking integration services.

nsKnox, which offers bank account verification and B2B payment security, has scored $17m in its latest batch of funding.

First-time nsKnox backers Link Ventures and Harel Insurance & Finance took a significant part in the round. Existing nsKnox investors M12, Viola Ventures, and Alon Cohen, nsKnox’s founder and CEO, also joined the round.

ClearCourse, a leading group of market-leading technology brands providing integrated software and payments solutions, today announces the acquisition of Clear. Focusing on market-leading software solutions for the non-profit and transport sectors, Clear will expand ClearCourse’s established and growing footprint while creating new opportunities within the transport sector.