Claranova reported Q122 revenue of €88m (-2% y-o-y), slightly better than its end-September expectation of a 5% decline. Now that the transition to subscription licensing is complete, Avanquest is seeing revenue growth accelerate. PlanetArt saw organic revenue declines in the last two quarters, but management is confident of a return to growth in Q222. We have revised our forecasts to reflect FY21 results and the Q1 revenue update.

The United States Secretary of the Treasury Janet L. Yellen, multiple award-winning musician and co-founder of CHIC Nile Rodgers, and Director-General of the World Trade Organization Ngozi Okonjo-Iweala were today announced as the latest headline speakers at Reuters NEXT.

With new cross border capabilities, millions of U.S. customers are now able to shop British merchants - just in time for the holiday shopping season

Clearpay’s cross border shoppers transact around 24% more frequently than domestic shoppers only 

Here’s a good question: Can digital currency (DC) thrive within the two-tier monetary system that banks use the world over? After all, the current system has stood the test of time and is used by, well, everyone. Tearing it apart and trying to replace it with, say, a cryptocurrency makes little sense. How can we realize the promises of DC without throwing the baby out with the bathwater?

Additionally, Ashish Damani will take over as President and Chief Financial Officer, and Abanti Mitra to take over as Chairperson of the Board, while Deepak Vaidya will continue as an Independent Director

Spandana Sphoorty Financial Limited’s  Board of Directors met today and discussed several critical matters related to the leadership transition and business operations.

Key Leadership Updates:

U.S.financial regulators have approved a new rule that requires banking organizations to report any “significant” 

British Business Investments, a wholly-owned commercial subsidiary of British Business Bank plc, today publishes its Annual Report and Accounts for 2020/21.

Key highlights include:

·       A record number of 18 commitments to new and existing delivery partners, totalling £473m

·       In its seventh year of operation, cumulative commitments are up 19% year-on-year to over £3bn

• Valar Ventures, Moonfire and Album VC, along with founders from a number of billon-dollar fintech successes invest in London-based start-up

• Bound, tipped by VCs to be the next big European fintech, is building a platform to make currency hedging easy for SMEs

• Taking just 30 mins to set up, Bound can save the average business £70,000+ a year