Eventus Systems, Inc., a leading global trade surveillance and market risk platform provider, last night won the award for Market Surveillance Product of the Year in the Risk Technology Awards 2019.

Insight Investment, one of the world’s largest global asset management companies, and financial technology company, RiskFirst, are joining forces to significantly improve ease of fund modelling for the UK defined benefit (DB) pensions market. Insight will upload data and characteristics of its LDI pooled funds and its buy-and-maintain funds into RiskFirst’s PFaroe modelling system, making them available for use across RiskFirst’s UK client base of consultants and pension plans.

As of September 2019, Robert Hoffmann, CEO of Concardis, will in addition assume the position of Head of Merchant Services at the Nets Group, with which Concardis merged earlier this year. Hoffmann will be responsible for the development of payment solutions for merchants and service providers. He will remain CEO of Concardis and will report in both capacities directly to Bo Nilsson, CEO of Nets.

Divido, the multinational white label platform for point-of-purchase lending, today announces that it has been selected by Triumph Motorcycles, to deliver point-of-purchase finance on after-sale products across the UK.

Silicon Valley Bank (SVB), the bank of the world’s most innovative businesses and their investors, today announced that it led a £50 million senior secured term loan to  Draper Esprit plc, the AIM-listed venture capital investor, which has supported entrepreneurial, fast-growing companies across Europe for over 20 years.

Enboarder, the leading cloud-based HR technology company that helps employers create engaging employee onboarding experiences, today announces it has closed £6.3 million in Series A financing. Greycroft, who participated in Enboarder’s previous funding round of £3.15 million, is the lead investor in the new Series A investment, which brings Enboarder’s total funding to £9.45 million. New investors, Next Coast Ventures and Stage 2 Capital also participated in the round.

Seven Dutch banks have recently started to introduce instant payments using the CSM (Clearing and Settlement Mechanism) system of equensWorldline SE, a subsidiary of Worldline [Euronext: WLN], European leader in the payments and transactional services industry. Due to the large-scale launch of real-time payments in the Netherlands, equensWorldline has become the biggest processor of instant payments in the Eurozone, handling millions of instant payment transactions per week. 

DXC Technology (NYSE: DXC), the world’s leading independent, end-to-end IT services company, today announced the opening of the DXC Innovation Centre in London for the company and its clients to develop and deliver high-impact digital solutions.

Yesterday, Facebook announced Libra, a stablecoin to be used for payment in WhatsApp and Facebook Messenger. Libra is a stablecoin pegged to a basket of fiat currencies to minimize fluctuation of its value.

TechCrunch writes: “Facebook has finally revealed the details of its cryptocurrency, Libra, which will let you buy things or send money to people with nearly zero fees.”

Bottomline Technologies, a leading provider of financial technology that helps make business payments simple, smart and secure, revealed today that 87% of financial decision makers in businesses across Great Britain are unable to recover more than half of their losses caused by fraud, with the figure rising to 93% among small and medium businesses specifically. The average financial loss through fraud sits at £240,092, with the majority of fraud losses having increased from within the £10,000-£49,000 bracket in 2018 to between £50,000 and £250,000 this year.