Zumo, an Edinburgh-based mobile wallet and payments start-up backed by Coldplay bassist Guy Berryman, has launched an app that stores, sends and allows consumers to spend and exchange cryptocurrencies online.

Today, customers can use the app to buy, sell and exchange both Bitcoin and Etherium cryptocurrencies. Since the start of lockdown in March, the price of Bitcoin has risen sharply as retail investors rush to Bitcoin as a safe haven.

The financial services industry has been ruled by traditional banks for decades, but with the financial crash in 2008, regulation and microinspection paved the way for younger and more innovative competitors, leading to a new era of challenger banks. Driven by digital processes and new technology, and fuelled by the introduction of PSD2 regulation, challenger banks were able to take hold of the market, offering consumers alternative ways of banking.

genesis, the global capital markets software firm, has further expanded its management team by appointing Nick Kolba as Global Head of Platform.  

Ant Financial Services Group (“Ant Group”) has released its 2020 Corporate Social Responsibility (CSR) report, detailing its efforts to leverage the power of digital technology to build a better future, particularly as communities across the globe continue to grapple with challenges posed by COVID-19.
 

Pod Group, a provider of platforms, software and connectivity services for the Internet of Things (IoT), and connected enterprises, today released a new study revealing that 73% of UK business leaders expect COVID-19 to spark a new wave of workplace and industry automation. 

The Chartered Institute for Securities & Investment (CISI) has announced a key project in the Philippines to support the country’s compliance with anti-money laundering and counter-terrorism financing (AML/CTF) requirements.

The CISI is a Royal-Chartered, not-for-profit UK professional body for those who work in the financial services and investment profession worldwide. With 45,000 members globally and qualifications recognised by 61 regulators, its regional headquarters for Asia Pacific are in Manila.

Nigeria’s leading digital financial services company, Carbon (https://GetCarbon.co) in an effort to improve the experience of its customers, has launched Carbon Express - A keyboard extension that allows customers to access Carbon services from within whatever app the

Eventus Systems, Inc., a leading global trade surveillance and risk management software platform provider, was named Best Trade Surveillance Solution for the Dodd-Frank Act at the unveiling of the 2020 RegTech Insight Awards today. The award is the second regulatory technology honor the firm has received within the past week for its Validus platform and marks the second consecutive year it won the category.

Nearly one of three consumers (27%) is past due on at least one bill and nearly 50 percent will need up to a year to catch up on bills due to the COVID-19 pandemic, according to a new study from YouGov and ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions.

SteelEye, the compliance technology and data analytics firm, has been recognised as the Best Solution for Records Retention in the RegTech Insight Awards 2020. These awards highlight the work of leading RegTech firms in the form of solutions, services and consultancy, with winners selected via a two-step process in which a judging panel selects a shortlist before polls are opened for market participants to vote for their preferred suppliers.