Samir Agarwal, Vice President for 

The recent ransomware attack on Manchester United’s IT network has brought the increasing risk of cybercrime to the forefront of public consciousness once again. 

Vilja has had a fantastic journey over the past four years, with a turnover increase of 35% per year. And they have been profitable since the start. Over the past year, the company has expanded internationally and established a new development center in Poland.

TransferMate, one of the world’s leading cross-border B2B technology payments providers, has today announced its first two payments licences in South America with approvals in Brazil and Chile. The news marks a major achievement in the company’s strategic mission to provide customers and partners with one of the widest regulated payments networks in the industry.

Desigual, a leading international fashion brand headquartered in Barcelona, has partnered with enterprise blockchain group Finboot to integrate its MARCO Track & Trace application within its import and export process to improve transparency and build resiliency in its supply chain. 

The challenge

Tinkoff announces the launch of Tinkoff Call Defender, a platform designed to prevent fraud and social engineering in the telecom sector developed as part of the comprehensive Tinkoff Security system to protect the ecosystem customers. The platform was developed in partnership with major mobile operators, including Megafon, MTS, Tele2 and Tinkoff Mobile.

NeoXam, leading financial software provider has extended its relationship with Raiffeisen Capital Management, one of Austria’s largest asset managers, for a further five years.  

Raiffeisen Capital Management, which currently has €36,3 billion in assets under administration (by end of May), has been using NeoXam’s investment management solutions for over two decades. The new agreement includes improved features across the two solutions that enhances end user experience and drives increases in efficiency. 

Nutanix, Inc. (NASDAQ: NTNX) a leader in private cloud, hybrid, and multicloud computing has released an analysis of its third global Enterprise Cloud Index survey showing how UK companies compare with the rest of the world when it comes to hybrid cloud adoption. While broadly similar on overall trends, this analysis shows significant differences in the implementation of hybrid cloud.

nexo standards’ latest member survey has found that its specifications and protocols are powering over 5 billion payment transactions per year, representing over 416 million payments per month. The survey also revealed the scale of nexo’s global presence, with live deployments in over 25 countries across APAC, Africa, Europe and North and South America.

What exactly do we do with our money? Aside from daily purchases, we store it. Attempt to save it. Mostly in banks. Then, we shuffle money between companies and people as we transfer, invest, borrow or lend. Finally, we trade it off for other assets.

However, the Covid-19 pandemic has exposed operational and technical flaws in many financial institutions. And banks are tasked with responding to the immediate crisis while adjusting for their long-term strategic plans. Unfortunately, many underlying problems will outlive this moment in time.