COVID has upshifted the business landscape into turbo mode, leaving many organisations scrabbling around in its wake and trying to catch up. For the more traditional players in the financial sector, this inhalation of exhaust fumes as the new business climate drives on ahead has served as a wake-up call. Its need for digital transformation far preceded any sign of a pandemic. But COVID has finally driven traditional banks and insurance firms into the fast lane when it comes to tech investment.

MoonPay, the global payments solution for cryptocurrency, has partnered  with Sumsub, an identity verification platform to provide its 250 customers better compliance processes. 

The partnership will see MoonPay utilise Sumsub’s industry-leading compliance solution to create a stronger and  safer Know Your Customer (KYC) and Know Your Business (KYB) processes for its global clients. 

Nucleus Commercial Finance, one of the UK’s leading fintech lenders, has today announced enhancements to its Business Growth Loans, helping to support more UK SMEs as lockdown restrictions are eased. The product, initially launched in March, was the industry’s first solution designed to support SMEs as the government’s Coronavirus Business Interruption Loan Scheme (CBILS) came to an end.

 Following its most recent funding round, Stripe became the most valuable private company in Silicon Valley. According to the research data analyzed and published by ComprarAcciones.com, the digital payments giant raised $600 million at a $95 billion valuation.

VoxSmart Ltd., a global leader in communications surveillance, has announced the appointment of former BNP Paribas executive Larry List as Head of North America, and former Traiana executive Scott Feldman as SVP of Operations to drive growth in North America.

No organization is immune from the risk of supply chain cyber-attacks and data breaches, but those with especially large and complex supplier ecosystems are much more vulnerable. This is particularly true of public sector organizations and even more so in the light of the challenges these organizations have faced during the last 12 months as a result of the pandemic.

X-Margin, a pioneer in applying privacy technology to credit and financial market risk, and Fireblocks, a leading digital asset infrastructure provider, today announce a partnership enabling financial institutions to source credit for cross exchange trading without revealing positions and other sensitive information to lenders. 

NFT Investments, a company specializing in the identification, acquisition, investment, and development of non-fungible tokens ("NFTs"), is pleased to announce it has made its maiden investment by acquiring a stake in AEON International, a leading developer of cutting-edge technology for the luxury fashion industry.

PwC has announced the latest cohort of FinTechs who have joined the Wealth Scale programme. The programme will support nine of the brightest WealthTech businesses with their ambitious growth plans. 

Focused on the UK and International Insurance and Asset and Wealth market, this cohort will see a number of connections generated between industry leaders and WealthTech firms, with the aim to build commercial opportunities and relationships.

The UK Jurisdiction Taskforce of LawtechUK, chaired by Sir Geoffrey Vos, Master of the Rolls, has today published its Digital Dispute Resolution Rules designed to enable faster and more cost effective resolutions to legal disputes relating to novel digital technology such as crypto assets, smart contracts, and blockchain applications, and foster confidence amongst businesses in the adoption of these technologies.