Motive Partners ("Motive" or the "Firm"), a specialist private equity firm focused on building, backing and buying the technology companies that enable the financial economy, today announces that it has entered into an agreement to acquire embedded/capital GmbH ("embedded/capital"), a leading European venture capital platform focused on supporting the next wave of financial technology innovation, subject to customary closing conditions. The acquisition is expected to close at year-end.

Financial institutions are beginning to explore the next stage in the financial data revolution, Open Finance. 

Today, BaaS (Banking as a Service) fintech  Griffin announced that its sandbox environment has officially moved out of beta. Free, unlimited sandbox access is now available to all fintechs and brands that want to build a prototype or experiment on Griffin’s platform.

Today Finastra announced a collaboration with Fragmos Chain, a blockchain platform which digitalizes interactions between financial institutions, to provide Finastra customers with out-of-the-box integration with Finastra Summit, its over-the-counter (OTC) derivatives market solution.

Quant, the blockchain for finance pioneer, has partnered with UST, a leading digital transformation solutions company, to provide technical integration and tokenisation services to central and commercial banks and capital markets participants.

As the pound plummets, energy bills soar and the UK dips into recession, businesses across every sector are looking to their books to see where they can save. As executives pore over their invoices and expenses, there may be hidden or untapped opportunity in looking at their accounts receivable process.

ThetaRay, a leading provider of AI-powered transaction monitoring technology, today announced that Zeepay, a fast-growing Ghanian mobile financial services company, has selected ThetaRay’s advanced SONAR SaaS anti-money laundering solution to detect financial crime for its remittance transactions.

The agreement with Zeepay highlights ThetaRay’s expansion in the African payments market.

Cobee, the Spanish start-up revolutionising benefits management, has closed a new €40 million series B round. This operation has been led by the British investment funds Octopus Ventures and Notion Capital, which both specialise in the technology sector and have an interest in companies such as Currency Cloud, Tradeshift, Unbabel, Yulife, GoCardless and Cazoo.

NCR Corporation, a leading enterprise technology provider, today announced that Santander UK has expanded its long-standing partnership with NCR, selecting NCR ATM as a Service to transform, connect and run its self-service network of more than 1,700 ATMs across the United Kingdom.

Fusion Risk Management, Inc. (“Fusion”), a leading provider of operational resilience, business continuity, and risk management software and services, today announced it has been named the Best Solution for Operational Risk Management at the RegTech Insight USA Awards 2022.