FICO’s latest report of UK card trends — for September 2022 — provides clear signs of consumer indebtedness as the cost of living crisis impacts finances.

Highlights 

Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced today that it has won the ‘Excellence in Islamic Banking Solutions’ award at Finnovex Saudi Arabia 2022, for the Azentio ONEBanking Islamic Software Suite, industry-leading technology and best-selling Islamic core banking suite globally.

Cohesity has announced the addition of Kelly Bissell, CVP of Microsoft Security Services, to the Cohesity Security Advisory Council. As the council’s seventh member, Bissell brings nearly 30 years of experience in IT and cybersecurity with former security leadership roles at Accenture and Deloitte.

The government’s recent ‘mini-budget’ announcement caused huge shock waves across UK financial markets. In subsequent weeks this has driven the value of the pound downwards and interest rates and borrowing rates up significantly. The institute for Fiscal Studies called the market’s reaction to the proposals ‘worrying’, accusing then chancellor Kwasi Kwarteng of ‘gambling the house’.

Worldline, a global leader in payment services, and Neonomics have signed a commercial partnership to strengthen their open banking offerings across Europe. Worldline will now expand its account-to-account payments and data aggregation coverage to the Nordics through Neonomics, including Norway, Sweden, Denmark and Finland.

iMerit, a leading AI Data Solution company, recently culminated the second edition of its annual summit, iMerit ML DataOps Summit 2022 in partnership with TechCrunch. iMerit ML DataOps 2022, a virtual event, focused on the intersection of machine learning data operations and artificial intelligence. The summit aired virtually from the United States and Asia-Pacific on November 8th and November 9th, respectively.

ION — the leading provider of mission-critical trading, risk management, and workflow automation software — has placed 7th in the annual Chartis Research’s RiskTech100® 2023 rankings, up from 13th place in the 2022 rankings. Moving up six places is a major achievement, and one seldom witnessed. ION also won two categories – Commodity Trading Risk Management (CTRM) solution, and Treasury platforms; and ranked in the RiskTech 100 Top 10.

Leading UK professional services firm Evelyn Partners today revealed a significant move to strengthen its Forensic Services team with the appointment of Annabel Kerley FCA as Head of Fraud and Financial Crime.

As a Partner specialising in investigations Annabel will build and grow Evelyn Partners’ Forensic Services practice, working closely with David Alexander, Head of Forensic Services, and John Holden, Head of Forensic Technology.

Private market exchange ADDX has confirmed that it sold its stake in CYBAVO to US-based Circle Internet Financial Limited, a global financial technology firm and parent company of the issuer of USD Coin (USDC), as part of Circle’s acquisition of CYBAVO earlier this year.