Global payments fintech BPC today announced a technical partnership with Askari Bank in Pakistan.

Alternative data analytics firm QuantCube Technology today announced the availability of the QuantCube Core CPI Nowcast indicator for the US economy. The new indicator quantifies core inflation by measuring changes in the prices of goods and services. It excludes the food and energy components included in the broader Consumer Price Index, which are generally more volatile. The QuantCube Core CPI Nowcast indicator is designed to provide a clear picture of long-term inflation trends in the US.

Horizon Software (Horizon), a leading provider of electronic trading solutions and algorithmic technology for the global capital markets, announced today that they are now certified on the Montreal Exchange (MX).

With this certification, Horizon's clients can now trade exchange-traded derivatives, including equity derivatives, currency options, index derivatives, and interest rate derivatives.

Inpay’s Annual Report for 2022, released today at the company’s AGM in Copenhagen, Denmark, announced record results for the international payments firm and outlined plans for significant future growth within their UK office (London) and internationally across Asia, the Middle East and Europe. The Annual Result highlights include:

·       Revenue of £42.7 million, up 26% year on year, from £34 million

Today, UK bank Griffin announced two new executive hires: Chad Ryan as Chief Financial Officer and Dora Grant as Chief Risk Officer.

Encompass Corporation, the provider of the leading Know Your Customer (KYC) automation platform, has been named as a founding member of the Data and Technology for Compliance (DT4C) Alliance, formed to provide a leading voice in the fight against financial crime.

On-boarded onto United Fintech’s global capital markets platform, Cobalt is “returning to roots'' and relaunched as CobaltFX with Digital Asset division to form a parallel “new venture” on the same platform in Q2, says ascending CobaltFX CEO Marc Levin. Founder Andrew Coyne echoes vision for strategic plans, adding that product innovation and growth acceleration will be key priorities as he continues with CobaltFX’s team on the new platform: “Together, we’re stronger than ever”.

Salv, a regtech company specialising in collaborative crime-fighting, has partnered with a global identity verification provider 

Frost, is a Manchester-based Fintech which is helping to tackle Britain’s escalating cost-of-living crisis. It does this by leveraging data access through intelligent banking to help its users save up to £1,000 per annum on essential household bills. The socially conscious business will offset its carbon emissions through a range of green initiatives, including tree planting. 

Emerging from the challenges of the pandemic, 2022 was meant to be a fresh start for retailers. But the year was marked by rocketing inflation and climbing interest rates. As a result, businesses operated in an environment of economic uncertainty and looming recession.