Research from Ivalua, a leading provider of global spend management cloud solutions, has shown that procurement, supply chain and finance professionals are spending almost a third (31%) of their time dealing with inefficient paper-based or manual procurement processes, which is costing UK businesses on average £1.94m annually* and limiting procurement teams’ ability to deliver more strategic value.

BearingPoint RegTech, one of the leading providers of Regulatory and Risk Technology (RegTech/RiskTech), announced today that they are developing a solution for the integration of the SAP Financial Services Data Management (FSDM) data model on Abacus360 Banking for use in regulatory reporting in a joint project with their customer Berlin Hyp and cooperation partners SAP and okadis Consulting GmbH.

Blockchain Live returns to London for its third year on the 25^th of September, gathering industry leaders and innovators to discuss the applications and impact of blockchain across various industries.

Empaxis has selected InvestCloud, Inc. to launch a new Turnkey Asset Management Platform, TAMP1. The product has been designed to provide complete outsourcing of all operations for small- to medium-sized investment managers.

Cashfac PLC, the global provider of back office operational cash management software, have announced the live launch of their new banking and cash flow forecasting app for small businesses – Slide – as a free-to-download app on Apple’s App Store.

Temenos (SIX: TEMN), the banking software company, today announced it is strengthening its Executive Committee and North America leadership team, following its previously announced acquisition of Kony, Inc., the fast growing US #1 digital banking SaaS company.

Thomas E. Hogan, Chairman and CEO of Kony, will be appointed as the President of Temenos North America and a member of the Temenos Executive Committee. This appointment will become effective upon the completion of the Kony acquisition, expected by early Q4 2019.

 Paxful planning to expand presence in South Africa. Plans Africa-wide recruitment drive with a focus on women; The global bitcoin marketplace also becomes the first bitcoin peer-to-peer marketplace to launch an app.

As South Africa celebrates Women’s Month in August, global peer-to-peer bitcoin marketplace, Paxful, supports the important role that women are playing, and should continue to build on, in the innovative blockchain technology and cryptocurrency sector. 

 Fintech, Wethaq, has signed a strategic partnership with enterprise blockchain software firm R3 to build the next generation of financial market infrastructure to enable issuers, investors, central banks and regulators to seamlessly transact in Islamic capital markets.  

It is a difficult time for European banks, with looming events such as Brexit posing significant risk to financial stability. Coping with change will require banks to become resilient to its impact by embracing a customer-led strategy, evolving with market trends and intelligently piloting emerging technologies. But if executed correctly, banks can go beyond coping and use disruption as a catalyst to thrive.

The 2019 Financial Conduct Authority’s (FCA) annual report, released in July, revealed, as expected, the need to reinforce the UK’s financial markets by making it hostile to money laundering criminals. Approximately £100bn^[1] is laundered through the UK every year and over the last several weeks a severe clampdown has taken place across the UK to stem the destructive plague that is money laundering.