Chirag Shah, CEO, Nucleus Commercial Finance comments on today’s BDO Optimism Index:

“After a year filled with uncertainty, it’s extremely encouraging to see business optimism continuing to rise, despite continued cause for concern around new Coronavirus variants. The optimism and passion of SME leaders is what will help to drive UK SMEs forward and enable them to look beyond the pandemic. 

TraditionDATA, the data and information services division of Compagnie Financière Tradition (Tradition), has added more depth to its alternative data set following Tradition’s execution of its first TONAR-SOFR cross-currency basis swap.

Tradition’s London Yen desk executed a Japanese Yen/Tokyo Overnight Average Rate (TONAR) vs US Dollar/Secured Overnight Fixing Rate (SOFR) cross-currency basis swap trade, which will be processed via LCH’s SwapAgent, a service for the non-cleared derivatives market.

Highlights:

- A top priority in the digital agenda

- Hyper-personalisation of investment proposals is the most relevant goal

- Far from a data-driven culture

- Hyper personalisation is mostly useful to elevate customer experience

Cloud technology is driving change and accelerating digital transformation across multiple industries simultaneously. Not only is cloud technology itself evolving at pace, but the way organisations buy and manage software is having to adapt as well.

Axion Global Digits (" Company") is pleased to announce that its subsidiary, Axion Global Innovation Centre ("AGIC"), is joining the vibrant and growing fintech community with the establishment of an office at the FINTECH CENTRE @INNOCENTRE of Hong Kong Science and Technology Parks Corporation ("HKSTP") in Kowloon Tong

HSBC has launched an Application Programming Interface (API) Developer Portal, providing customers with direct access to a suite of tools with which they can integrate the bank’s API solutions into their own products, as well as make use of a secure testing environment.

Yesterday, news broke that Nayib Bukele, President of El Salvador, announced that he was soon introducing legislation which would make the country the first sovereign state in the world to adopt Bitcoin as legal tender.

Bahrain-based Islamic FinTech provider, IFIN, has launched the first of its kind, real economy, automated Islamic financing platform. The secure, innovative technology connects retailers and Islamic finance providers, enabling them to offer consumers instant access to Islamic financing for purchases, at the point of sale. 

• Klarna users can now shop using pay in 3 at any online retailer, regardless of whether they’re partnered with Klarna or not, directly from the app
• The new feature eliminates the need to use credit cards when shopping online, making high-interest APRs a thing of the past
• Additional features include personalised wish lists, price drop notifications, thousands of deals updated daily, monthly budgets and personal spending limits