Ebury, one of the world's largest fintech companies specializing in international transactions for small and medium-sized enterprises, with operations in 20 countries, today signs an agreement to begin the process of acquiring 100% of the Brazilian fintech Bexs, which includes the businesses Bexs Banco (foreign exchange) and Bexs Pay (payments).

The payments market is evolving rapidly in the wake of the COVID-19 pandemic. We are witnessing a more complex payment market, with a diverse range of new payment technology product innovations and participants. As a result of these changes, digital payments have become a preferential payment method, as consumers reap the rewards in real-time and frictionless payments.

Laura Barley has been appointed as chief operating officer (COO) for TransUnion in the UK, meaning that its executive team is now an even split of men and women.  
 
TransUnion pledged in 2019 that it aimed to achieve gender parity in senior leadership by 2030 in all the regions it operates in. The UK leadership team, which is now 50% female, is a testament to that commitment being put into practice.
 

Klarna, a leading global retail bank, payments and shopping service that helps consumers save time and money, be informed and in control, today announced its new Flexible Work Policy designed to offer employees greater choice, autonomy, and flexibility in how and where they choose to work. Learnings of the past two years have proven that significant growth and success can be achieved when employees can work remotely and in-person, with the ability to choose the combination that is most productive for them.

Northern Trust is looking to enhance the onboarding process for investors in private capital funds through a collaboration with Fenergo, a leading software provider focused on client lifecycle management (CLM). The new capability is part of Northern Trust’s digital innovation program to support private capital fund managers and their underlying investors.

In a global survey of 300 C-suite banking industry executives, 54% say their financial institutions have faced greater competition over the past three years from digital alternatives while 47% of UK respondents found this to be the case. However, these executives also indicate that they are better positioned to compete. Notably, 85% of respondents reported that they have, to some extent or more, the necessary technological tools to create new digital products and services. This rises to 90% for UK respondents.

A new independent survey of 251 senior decision-makers at UK banking and financial services firms has revealed how they are responding to customers’ changing demands. It found:

 Factor, the leader in solutions for complex legal work at scale, today announces the global launch of ‘CAN Comply’ together with Mayer Brown, a leading global law firm with a renowned derivatives practice, and Acadia, the leading provider of integrated risk management services for the derivatives community. CAN Comply simplifies ongoing EMIR compliance requiring the review of collateral and netting arrangements.

• Bank of America pledges £1.2m to the University of Oxford to support ground-breaking greenhouse gas removal and sustainable finance research at the Smith School of Enterprise and the Environment.

• The collaboration will support 3 years of research focussed on 2 key areas and will also support a Director’s Research fund, that will enable the School to seize pioneering sustainable research opportunities. 

 Wilshire, a global investment technology and advisory company, today announced that CrossTower, Okcoin, and eToroX have been promoted from ‘watchlist’ to ‘contributing’ exchanges.