Atom bank, the UK’s first bank built exclusively for mobile and the UK’s most trusted bank on Trustpilot, has raised £50m in a fundraising round with participation from BBVA, Toscafund, Woodford Patient Capital Trust and funds advised by Perscitus LLP.

The new capital will be used to fund further growth and to continue the bank’s investment in technology.

PayMate, the market leader in B2B payments in India, today announced that it has successfully raised a new round of growth capital to accelerate expansion within India and internationally to Central and Eastern Europe, Middle East, and Africa (CEMEA). Investors in this Series D round include Recruit Strategic Partners (Venture capital Arm of Recruit Co. Ltd. Japan), Brand Capital, existing investor Mayfair 101, and Visa.

Icelandic acquiring bank Borgun hf. – which offers Europe-wide payment processing and issuing services in Iceland – has invested in a new platform from TruNarrative, to help boost the firm’s merchant lifecycle management (MLM) and onboarding processes.

As a member of Visa Europe and Mastercard International, the new platform will enable Borgun to easily adopt new merchants into its payment network, as well as quickly and securely adapt its compliance and risk processes to new markets and products.

Interbit is pleased to announce progress with the CitizenOS Project (“the Venture”) which plans to bring smart technologies to cities worldwide. Interbit’s multi-blockchain architecture will provide the ability to handle the huge amount of data that will be generated and is expected to serve as the software platform upon which the CitizenOS Project will provide new infrastructure and the latest Interbit of Things (IoT) technology solutions to cities and state groups.

Consumer spend via digital wallets across Europe and North America will increase by 40% this year to nearly $790 billion, according to a new study from Juniper Research.

Caplin, the specialist provider of desktop and mobile e-trading technology, today announced the addition of cryptocurrencies to its range of technology components for multi-asset trading. 

Biometric technology is already revolutionising both physical and cyber-security in the UK. While the latest breakthroughs are impressive, we’re only just touching the tip of the iceberg. Regardless of which method we’re using – whether it is fingerprint, facial, retinal or voice recognition solutions – there is no escaping the fact that biometric developments have been incorporated into our everyday lives.

Newgen Software Inc., a global provider of solutions managing content, processes, and communication, today announced that Union Bank and Trust (UBT) is implementing Newgen Intelligent Business Process Management (BPM) platform for enterprise-wide automation of its banking processes.

Founded in 2004 and headquartered in Philadelphia, Pennsylvania, WGroup is an IT executive management consultancy focused on delivering IT strategy, cost optimization, and operational improvement advisory services to IT leaders in large enterprises across North America.

The Company's experience spans multiple verticals such as Healthcare and Insurance, Media & Entertainment, Global Manufacturing, Retail and Financial Services.

WGroup team is comprised of approximately 100 team members, including 50+ permanent employees.