New business finance solution aims to alleviate growing demand for working capital in the UK

LONDON, JUNE 2022:

Cion Digital, developers of the first enterprise SaaS blockchain orchestration platform, announced today the appointment of senior executive Sundar Nagarathnam as Chief Operating Officer (COO). Sundar will play a dynamic role in accelerating execution and innovation as the company executes on its growth and expansion goals. 

According to data from the global investment trading platform, Capital.com, 38% of trades placed by its clients so far this quarter are short, which is 15% higher compared to the same period last year.

Applying emerging quantum technology to challenges across the financial services industry is viewed by many to be hugely advantageous for first movers. From being able to effectively analyse large or unstructured data sets, to having the technological power to react faster to market volatility, or being able to rapidly anticipate customer behaviours to deliver personalised products, tapping into the power of quantum technology is anticipated to be transformative.  

Sumsub, a tech company that offers an all-in-one technical and legal toolkit to cover KYC/KYB and AML needs, has become the first regulated Compliance-as-a-Service provider for global businesses. Now companies can delegate their compliance and verification-related issues to Sumsub and focus entirely on their core business goals.

Hatch, the Manchester-based food and drink destination, is trialling a new way for its customers to pay and prove their age. The system is now in place at the Oxford Road Manchester venue, from Thursday – Saturday, with the trial ending on June 30th. The unique vein mapping technology is provided by FinGo, a biometric identity authentication solutions provider. FinGo enables age-verified payments by taking a simple scan of a person’s unique finger vein pattern through an infrared device.

Veridas has won the Best IT Project in Customer Engagement award at the Platinum Contact Center Awards for its joint project with BBVA Mexico: a biometric solution that allows Mexican pensioners to verify their identity using only their voice. An unprecedented event that has completely digitized a procedure that, until now, had to be carried out in person at the bank's branches twice a year.

Beanstalk, the family app that invests for your kids, has exceeded its crowdfunding target with new investments taking the company into overfunding ahead of the funding round closing on 29 June 2022. Beanstalk has raised over £650,000 via the Seedrs equity crowdfunding platform, with new direct investors including the former CEO of one of the leading fintech investment platforms sitting behind a number of stock trading apps/advisers.

CleverTap, the modern, integrated retention cloud, has been recognized by Great Place to Work® India as one of India's Great Mid-size Wo