Vernost Group, a leading technology solutions provider, announced the launch of its highly anticipated VePay Payments Acquiring and Orchestration technology today.

FlowX.AI, the world’s first AI enterprise application modernisation platform for large financial services organizations, today announces that it has raised a $35 million Series A funding round.

Ballerine, an open-source risk decisioning platform, has raised $5 Million in a seed funding round led by Team8.

There is something rather troubling at the moment regarding the future funding of small- to medium-sized enterprises (SMEs). Certain media commentators will have you believe that ‘traditional’ lenders are in full retreat, neither having the appetite nor the resources to take a risk. It paints a picture of businesses wanting to grow, but being starved of cash to do so.

Cashflow funding doesn’t start and end with an overdraft, loan or credit card.

Asia Pacific financial institutions believe that fundamental review of the trading book (FRTB) rules will increase capital requirements significantly, regardless of risk calculation model used, according to a wide-ranging Murex survey of bank readiness ahead of critical upcoming changes.

However, half of these banks plan to pursue the more risk-sensitive, sophisticated model of compliance—the value-at-risk-based internal model approach, or IMA.  

Europe’s leader in growth technology investment, TempoCap, today announces the new hire of Operating Partner Andreas Wuchner to further strengthen its cybersecurity expertise. Andreas is a seasoned international executive with an exceptional track record of over 25 years’ cybersecurity experience across consumer and provider sectors.

Avalara, Inc., a leading provider of cloud-based tax compliance automation for businesses of all sizes, today unveiled Avalara E-Invoicing and Live Reporting, a new compliance API designed for multinational businesses to streamline their compliance with e-invoicing mandates around the world.

 JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., today announced its partnership with global financial technology company SumUp, to enable acceptance of JCB Cards across SumUp’s European merchant network. With the return of international travel, the collaboration will provide new opportunities of growth for merchants by welcoming JCB’s valuable cardmembers.

4Trans, a fintech specialising in financial products for supply chain and logistics companies, has partnered with Allianz Trade to offer SMEs in the EU access to secure funding solutions and protection against potential revenue loss.