Yen Outperforms, EUR, GBP Fall; US Bond Yields Slide

Atom Bank, the UK’s first app-based bank, achieved two significant milestones this week when it exceeded £3bn of residential mortgage completions and on the same day hit £1bn in deposits into its Instant Saver accounts.

 TORA, provider of the industry’s most advanced cloud-based order and execution management system (OEMS) has announced they are integrating the Glimpse Markets buy-side data sharing tool for fixed income int

Internal ceremony reveals the £150 billion paid in hidden fees on foreign currency each year

Wise releases independent research* revealing £150 billion is unknowingly spent in hidden fees on foreign currency transfers each year, to coincide with its direct listing on the London Stock Exchange today.

 Serquo, a leading software and technology company, and HPS, the leading global provider of payment solutions, today announced a long-term strategic partnership to offer new and exciting payment technologies.

GoCardless, a leading fintech in account-to-account payments, has joined forces with Pennylane, the first financial management and accounting platform designed for companies and their accountants, to offer SMEs and start-ups a seamless way to manage and collect recurring payments.

● Ebury’s Mass Payments division expands footprint by adding Dubai to its network of offices in  global financial centres, such as London and Singapore  

● Ebury builds on its payments software offering in the region to seize the huge opportunity that  exists in the UAE 

● Commitment to customer service, dynamic tech platform and scalable network sets Ebury  apart from traditional mass payments providers 

Reliance on cyber insurance, or paying out if cost is lower than internal recovery, highlight short-term approach

New research by Databarracks has revealed 54% of businesses now have a defined policy in place to deal with ransomware attacks – whether this means paying a ransom, relying on insurance policies or refusing to pay at all.

Moglix in its quest to build the operating system for the manufacturing sector has acquired Vendaxo, an e-commerce platform for buying and selling of used machinery. This move by the B2B commerce Unicorn is a step towards creating a sustainable and capital efficient manufacturing ecosystem. Through the acquisition, Moglix wants to provide access to high value capital goods at economical prices to manufacturers.