Say goodbye to your expenses - 43% of finance professionals in businesses across the UK have reduced expenses to minimise the impact of inflation and tighter monetary conditions on their businesses.

Over a quarter (28%) have reduced their overheads by downsizing their office or reducing energy costs; 26% are increasing the use of technology/automation in their businesses; and 24% are planning to increase the prices of their services/ products. 

Inpay, the international payments firm, has secured an Electronic Money Institution (EMI) licence from the Danish Financial Supervisory Authority (FSA), becoming the first Scandinavian fintech to combine EMI, PSP, and TPP.

The new licence will enable the company to issue electronic money, facilitate digital payments and money disbursements, among other payment services and is a landmark for the business.

Sends, the cutting-edge financial service provider announced a summer special offer for Internet acquiring services. PSP Sends provides new customers onboarded from July 1st, 2023, to August 31st, with a reduced acquiring fee of just 1%. 

Vestas, the global leader in sustainable energy solutions, has expanded its partnership with platform-specific payment infrastructure provider Mangopay, to manage the payment flows of Covento, its B2B marketplace dedicated to parts for the renewable energy sector.

IDnow, a leading identity-proofing platform provider in Europe, has achieved the ISO 27001 certification for IDnow GmbH. With this latest certification, all of the group’s entities that build and operate its solutions are fully certified against this scheme.

illimity Bank S.p.A. (“illimity” or the “Bank”) announces two new appointments made by the Group: Fabio Bianchini has been appointed Head of the b-ilty Division, the digital bank specialising in credit and financial services for companies with a turnover of between 15 and  2 million euro, that recently started up on the market, with Paolo Piovini taking over from him as  Chief Lending Officer in charge of creditworthiness assessment. 

Finastra, a global provider of financial software applications and marketplaces, announces that Melton Building Society has selected Finastra Essence, deployed on Microsoft Azure cloud, to digitally transform its operations and provide the agility required to quickly implement new services.

XS.com, the global multi-asset online trading provider for retail and institutional investors today announced another addition to a long list of new hires as the firm expands its Middle East presence. Industry veteran, Shadi Salloum has joined the fintech firm as the new Regional Director for the Middle East and North Africa (MENA) region. 

Ebury, the global financial technology firm and FX risk management specialist, is delighted to announce the expansion of its local collection accounts to Singapore allowing clients to collect Singapore Dollar from anywhere in the world like a local.

Clients requesting a SGD account will also benefit from access to a unique virtual account, helping them speed up the collection process without hassle.