The British Business Bank has agreed a £100m guarantee facility with specialist business lender Cambridge & Counties Bank through its ENABLE Guarantee scheme, with the option of extending this to £150m in the future.

Digital Payments experts, PayPoint and ClearBank, the enabler of accounts, real-time clearing and embedded banking for financial institutions are celebrating a hat-trick of award wins in the name of financial inclusion. 

Paytrix, the London-headquartered fintech that simplifies global payments for high-growth businesses, announces that it has raised US$ 18.3 million in Series A funding to drive product development and international expansion.  

Xelidoni has chosen to implement award-winning software from Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR), having selected the 

DoiT International (DoiT), global provider of cloud technology and consulting services, and Tenity (formerly known as F10), a global innovation ecosystem and early-stage investor for the financial industry, with hubs in Switzerland, Singapore, Nordics and Baltics, and Spain, are forging a partnership to enable accelerated growth for Tenity’s portfolio companies.

Elon Musk, along with a group of artificial intelligence experts and industry executives, is calling for a six-month pause in the development of systems more powerful than OpenAI's newly launched GPT-4. The open letter, issued by the non-profit Future of Life Institute and signed by over 1,000 individuals, cites potential risks to society and humanity as reasons for the call to action.

Fintech scaleup credolab, the leading provider of bank-grade digital scorecards and data enrichment solutions, has announced a transnational partnership with Provenir, a global leader in AI-powered data and dec

PatentRenewal.com, a rapidly growing Danish SaaS scale-up raised €2M from Finnish early-stage SaaS Investor Vendep Capital. The company is already one of the market leaders in the Nordics when it comes to renewing patents, and with the help of the investment they aim to continue their journey in expanding in the IP industry. 

A growing $6B IP renewals market 

Zone (formerly Appzone), Africa’s first regulated layer-1 blockchain network for payments, and ThetaRay, a leading provider of AI-powered transaction monitoring technology, today announced they will collaborate to implement ThetaRay’s cloud-based SONAR solution to monitor and screen Zone’s transactions in Nigeria for illicit activities and sanctions violations. 

Insurance is evolving at record pace, and carriers are faced with the challenge of keeping up with changing times. As Mary Boyd, President & CEO of Plymouth Rock Assurance Corporation puts it, “Insurance risk doesn’t disappear, it simply changes form – and over the next decade, we all need to ready our businesses for material change”. The need for future-proofing insurance has become more critical than ever, and carriers must adapt their strategies to remain relevant in the industry.