Bank of Kigali goes live on Temenos platform to power faster, smarter digital banking while scaling to one million retail and SME customers in Rwanda

Temenos (SIX: TEMN), the banking software company, today announces that Bank of Kigali Plc, Rwanda’s largest bank by assets and market share, has gone live on Temenos. Replacing its core banking system with Temenos open platform for composable banking allows the bank to break free from legacy constraints and accelerate its digital transformation.

Highlighting market benefits derived from the evolution of international standards

Avelacom is bringing lowest latencies to global crypto trading firms to and from BitMEX’s data infrastructure in Ireland

Avelacom, the low latency connectivity, IT infrastructure and data solutions provider for global financial markets, has joined the BitMEX Partner Programme that provides traders with the most advanced crypto derivatives trading experience in the market.

 Spandana Sphoorty Financial Limited (NSE: SPANDANA; BOM: 542759, “Company”), at its Board Meeting on February 14, 2021, announced its results for the quarter that ended December 21, 2021. Spandana’s business demonstrated a robust performance in the quarter, which was the first one to be completed post the management transition at the Company.  It reported a consolidated net profit of INR 45.1 crore, as compared to a loss in the previous quarter.

 Everscale is pleased to announce that Moonstake, a leading staking pool, will begin supporting the Everscale blockchain cryptocurrency EVER on February 23, 2022.

      The Mental Wellness Plan by Nova Benefits provides unlimited leaves, counselling through partnership with Manah Wellness

●        Additionally, employees are provided with child and pet care leaves

●        Team Nova’s employee NPS score is at a whopping 70 due to constant updation of their wellness plan

International Data Corporation (IDC) today launched the 15th edition of its annual IDC Middle East CIO Summit at The Ritz-Carlton, Dubai International Financial Centre. With more than 200 of the region's most influential ICT decision makers in attendance, the event — which this year runs under the theme 'Accelerating Your Journey to a Digital-First World' — was opened by His Excellency Wesam Lootah, CEO of Smart Dubai Government, Digital Dubai.

 Global SME lending fintech Tradeplus24 is launching into the UK with the close of a £30 million debt facility provided by San Francisco-headquartered global credit fund, Partners for Growth (PFG), with advice offered by debt advisory, Neu Capital. 

The second Payment Services Directive (PSD2) came into force on 13th January 2018, regulating payments across the EU and the UK. It aimed to create cohesive regulation for consumer protection and the rights and obligations of merchants and payment providers. However, as with any new regulation, compliance and understanding what it means takes time. For online businesses, compliance with new fraud prevention processes has created difficulty.

We remain in Free Fall risk territory.