Contour, the global trade finance network has today announced that HSBC has become the first full production member of the network following Contour’s commercial launch in October this year. HSBC is the first to directly benefit from the efficiency and transparency gains Contour’s network provides.

Today, PayU, the e-payments and fintech division of Prosus, announces the expansion of its offering to users of Wix eCommerce, a leading cloud-based web development platform, to serve small & medium-sized businesses (SMBs) in Poland, the Czech Republic and Colombia.

Vestrata, a fintech company providing integrated investment solutions, has launched today. The business is led by one of the most experienced teams ever assembled by a start-up in this space and has completed a US$4 million investment round to bring its innovative proposition to the wealth management and private banking sector.

AnaCap Financial Partners (“AnaCap”), a leading financial services specialist mid-market private equity investor, today announces it has signed a deal for a third acquisition in the UK wealth management platform space with the purchase of Novia Financial (“Novia”).

Glue42, the company that delivers integrated desktop experiences to financial institutions globally, and Chelmer, a pioneer wealth technology firm, today celebrated the culmination of a two-year relationship that saw the firms realize the industry’

New research from Nucleus Commercial Finance found that an overwhelming majority (96%) of consumers not only support their local independent businesses, but nearly two-thirds (63%) of those have made a conscious effort to do so since the pandemic  started earlier this year. 

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM^®) solutions provider, today announced the launch of its new corporate brand identity, including an updated logo and website. The rebranding reflects the company’s constantly expanding use of innovation to advance its technological capabilities, as well as to meet evolving customer and industry requirements.  

Shanghai Pudong Development Bank (SPD Bank) has successfully gone live with Finastra’s cutting-edge treasury solution, Fusion Summit, in Hong Kong. With Fusion Summit’s advanced features, SPD Bank will be able to develop a broader and more sophisticated set of treasury services, helping it to grow its business in region even faster.

UK-based global FinTech payments group Paysend has today released its Annual Report and financial statements for the year ending 31st December 2019.

The report details the financial position of Paysend a matter of months before the Covid-19 pandemic and, in that period, it saw revenue grow by a 3.5 times multiple from 2018, up from £4.3 million to £15.1 million. The company had strong growth in both the B2C and B2B divisions of its business. The number of customers grew at 20% per month and ended 2019 at 1.3 million.

Backbase, the Engagement Banking platform provider, today announced the opening of its new Global Development Center (BDC) in Krakow, Poland. The new BDC will enable Backbase to deliver end-to-end services for mobile and web development on the Backbase Engagement Banking Platform, allowing banks and financial institutions globally to successfully accelerate their digital transformation on Backbase’s Engagement Banking platform.