Research from Medius, a leading provider of spend management solutions, reveals that damage to supplier relationships caused by late payments costs businesses 24% in lost orders.

The market research surveyed the views of 200 finance and 200 procurement decision makers in the UK to explore the risks to supplier relationships as the purchasing process transitions from procurement to finance.  

TransferMate, the world’s leading provider of payments infrastructure as a  service, and WEX, a global financial technology service provider, today launched new capabilities that simplify how businesses of all sizes execute complex international payments. Through the partnership,  TransferMate has integrated its leading payments technology directly into the WEX system.

Diginex Limited (Nasdaq: EQOS), a digital assets financial services company, today announced that EQUOS, its cryptocurrency exchange has been awarded an “A+” ranking on Nomics, one of the leading independent crypto exchange data providers. 

Adam Holden, CEO of compliance solutions specialist NorthRow, commented: “The extension of the Temporary Registrations Regime (TRR) for cryptoasset businesses reflects a dire lack of progress made by much of the crypto industry when it comes to regulatory compliance.

LiquidityBook, a leading Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, today announced the hire of Sayant Chatterjee as Chief Operating Officer. In his role, he will drive strategic alignment across all departments and help execute plans for expansion, with a primary focus on enhancing LiquidityBook’s sell-side products and services. He will be based in the firm’s New York office.

Fintech scale-up Pleo, which offers simplified expense and bill management automation tools, and smart company Mastercards, has appointed Arun Mani as its Chief Revenue Officer (CRO).

ION - a global financial technology leader in trading, data, analytics, business information, workflow software, and risk management solutions for capital markets, commodities, and treasury management - has acquired DASH Financial Technologies, the foremost options technology and execution provider in the US.

United Fintech is expanding into the US with the appointment of Mark Lawrence from Goldman Sachs as Director and Head of Americas. This is a major development for the fast-growth firm launched by Christian Frahm to help banks, hedge funds and asset managers to accelerate their transition to a digital world through access to fintechs specialising in capital markets.

Cloud Services have become an integral part of business operations for many large companies and in 2020 the industry earned an estimated revenue of over $300B globally. According to data presented by TradingPlatforms.com, global public IT cloud services market revenue for 2020 was at $312.4B - a 34% Increase from 2019.