Commenting on UK inflation rising to 4.2% and the Bank of England needing to be patient, Dan Boardman-Weston, CIO at BRI Wealth Management, said: “Inflation came in at 4.2% in October up from a reading of 3.1% in September and the highest level in nearly a decade. The rise was a little ahead of forecasts of 3.9% and was predominantly driven by household energy bills, the price of fuel at the pumps and the cost of restaurants and hotels.

News follows an unprecedented year of success for the leading lendtech, having recently announced an impressive £300m in investment

Stripe, a global technology company building economic infrastructure for the internet, today announced that Matt Huang has joined its board of directors.

A visitor management solution was developed and put on stream for CBRE in Russia, the global consulting company in commercial real estate services and investments. The system of contactless ID badges without the Security Identification Office participation was implemented by LETA.

Gemini, a cryptocurrency platform, announced today a $400 million growth equity round, its first-ever outside financing, led by Morgan Creek Digital with participation from 10T, ParaFi, Newflow Partners, Marcy

Underlining the importance of technology and telecommunications on the African continent, the world’s largest Africa-focused tech and telecoms event sees exponential growth 

Uplinq Financial Technologies, the transformational data analytics company serving the global small business lending community, is pleased to announce its intellectual property (IP) acquisition of Verde International’s advanced behavioural, econometric and financial models, and state of the art optimization methods. As part of the deal structure, Pat Reilly, CEO of Verde International will join Uplinq as a co-founder.

Summary: The Euro rebounded 0.47% against the Dollar to 1.1370 (1.1320) as overcrowded speculative shorts moved to cover their bets. This enabled the Dollar Index (DXY), which measures the value of the Greenback against 6 major currencies, to extend its pullback to 95.55 from 95.75 yesterday. Earlier this week, the DXY traded to a 16-month high to 96.25 on the back of a spike in US inflation and stronger retail sales. The British Pound (GBP/USD) was little changed, settling in late New York at 1.3497 (1.3492 yesterday).

The Australian Competition & Consumer Commission (ACCC) has announced that Payble, the Open Banking platform which prevents late payments before they happen, was granted formal Consumer Data Right (CDR) accreditation. Payble is the first consumer payments app to receive CDR accreditation.