Signicat, the Trusted Digital Identity™ company, today revealed new analysis by P.A.ID Strategies that shows financial institutions are wasting at least €5.7 billion every year due to poor customer onboarding and abandonment.  

Copper.co, the London-based digital asset infrastructure provider, today announced it will serve as an official custodian for the XYM tokens native to NEM Group’s new public blockchain, called Symbol, due to launch in March 2021.

As custodian, Copper will be responsible for securely holding substantial amounts of XEM, stXEM and XYM – on behalf of NEM Entities before and after Symbol mainnet launch on Monday 15 March 2021.

Maven Capital Partners (“Maven”), one of the UK’s most active SME finance providers, has today announced it has invested £1m into Fintech platform, Pockit Ltd (“Pockit”) as part of Pockit’s £15m Series B funding round. The business has secured £1 million funding through the North East Development Fund, supported by the European Regional Development, and £1.3 million via private investors, Crowdcube and the Future Fund, a government scheme backed by the British Business Bank.

VibePay has today announced it is bringing together AISP and PISP, leveraging its ability to practically apply Open Banking technology and take it to consumers. VibePay users can now connect all of their bank accounts to the app, giving them the power to view all of their balances, transactions and make payments in one place, regardless of who they bank with.

HPD Lendscape, a leading international secured lending platform vendor, today announces ambitious expansion plans for its global workforce, building on 12% growth in personnel in 2020. 

After seeing colleagues going public, the Danish Fintech Shopbox considers making the same move. Shopbox expects extensive growth in its turnover, and the company is striving to become the dominant player in the payments market in a few years time. “We have the numbers to back it up,” says Christian Zigler, Co-founder and Chairman of the Board at Shopbox.

Wolters Kluwer’s Finance, Risk & Regulatory Reporting (FRR) business has won four prestigious industry awards, based on evidence of ongoing excellence and innovation in the regulatory reporting and RegTech space.

Digital commerce will increase, and so will fraud

In 2020 we saw many firsts, which affected every person on the planet. ‘Lockdown’ became part of our everyday language and as we acclimatised to being home and not having access to brick-and-mortar stores, we looked for alternative channels to source the things we need.

The spotlight is shining on operational resilience

In 2020 global regulators ‘encouraged’ financial institutions to revisit and enhance their operational resilience strategies; the 2021 stance is expected to be more demanding.

FundGuard, the AI-powered SaaS investment management and asset servicing enterprise platform, today announced that it has closed a $12 million Series A funding round.