CLS, a market infrastructure group delivering settlement, processing and data solutions, today announces that three settlement members, including Barclays Bank and Danske Bank, have enrolled in its cross currency swaps (CCS) settlement service. They are joining a growing community of settlement members on the service, including some of the world’s largest banks. The service has witnessed continued growth in recent months, with a 38% year-on-year increase in the values of CCS submitted to CLSSettlement (H1 2023).

British Business Investments today announces a new £20m Tier 2 facility for DF Capital. This investment will help DF Capital provide an additional £300m+ of new lending per annum, to existing and new UK SME vendors and dealerships.

Digital bank Zopa has raised £75 million ($95m) in Tier 2 capital to further accelerate its growth, supporting its vision to become Britain’s best bank.

The funding will be used to fuel Zopa’s continuous growth and expansion. It brings the total capital raised by Zopa Bank to £530 million, with £150 million raised in 2023 alone. 

The excitement surrounding the UF AWARDS Global 2023 continues to grow with some of the biggest honours on the line across the fintech and B2B industry. With the Nominations Round in the books, voting is now officially underway for the UF AWARDS Global 2023!

Firstcard, a fintech startup building better banking for college students, today announced that it has raised $4.7 million in Seed funding from VCs and Angels such as AngelList Early Stage Quant Fund. This comes a year after the company’s $3 million Pre-Seed fundraise, bringing the total funding to date to $7.7 million.

myZoi, an innovative fintech focused on financial inclusion and financial literacy for the underbanked, has raised USD 14 million from SC Ventures and SBI Holdings, as it obtains two regulatory licenses from the Central Bank of the UAE. These achievements mark a significant milestone in myZoi’s mission to enable, digitise and simplify access to essential financial services for over 5 million low-income migrant workers in the United Arab Emirates (UAE) and beyond.

Momnt, a leading financial technology company specializing in real-time lending and payment solutions for businesses, is announcing the closing of its latest capital raise, totaling $15 million. TruStage Ventures led the investment with participation from Saluda Grade Ventures, existing investors, and a new investment from a fund within Rockefeller Asset Management. 

To remain competitive in today’s ever-changing economic environment, financial institutions, energy, telecom, automotive, utilities, and retail finance companies have each recognized the need to build a new collections model that utilizes advanced analytics to inform and drive processes.

For many financial businesses, the industry of compliance is becoming more and more complex. You just finish looking at one regulation to ensure you are compliant, then along comes the next. 

With the huge increase in cyber security threats that all companies are facing, and the tightening of cyber insurance criteria, DORA (the EU’s Digital Operational Resilience Act) is one set of regulations financial companies need to be on top of now, even though they don’t come into force until January 2025. 

Ncontracts, the leading provider of integrated compliance, vendor, and risk management solutions to the financial industry, has been officially endorsed by the Georgia Bankers Association for its Risk Performance Management (RPM) Suite.