U.S.-based savings and investing startup Acorns has acquired London-based GoHenry, a startup focused on providing money management and financial education services to 6-18 year-olds in an all-equity deal, the two companies announced today.

Global Fintech leader Broadridge Financial Solutions, Inc., today announced that UBS and a global Asian bank have successfully executed the first cross-border intraday repo transaction on Broadridge’s blockchain-enabled Distributed Ledger Repo (DLR) platform. This ground-breaking intraday trade marks the launch of the next phase in the rollout of Broadridge’s DLR platform.

OKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the week of April 3, 2023.

Allica Bank has made significant changes to its commercial mortgage credit appetite with cuts to its stress-testing and Debt Service Cover Ratio (DCSR) requirements across all products, and an increase in its maximum Loan to Values (LTV) for prime owner-occupied commercial mortgages. It has also reduced the DSCR requirement for its asset finance product.

Global identity verification provider ID-Pal today announced its partnership with award-winning Bluestone Motor Finance, specialists in providing motor lending solutions to drivers across Ireland since 2014. The partnership delivers a seamless journey for customers to verify their identity in real time and enables faster financing decisions.
 

Fourthline, the RegTech leader that provides AI-powered and compliant KYC and AML solutions, has raised €50m from Finch Capital and other new and previous investors. 

New research published by Bibby Financial Services (BFS) reveals the extent to which the UK’s small and medium-sized enterprises (SMEs) are exposed to substantial debt stress today. The average bad debt amongst UK SMEs has jumped 61 per cent - from £10,329 in Spring 2022, to £16,641 today. Currently, around 1.5 million - or 27 per cent - of SMEs are struggling with this issue.

Northern Trust has enhanced its suite of ex-ante (forward-looking) risk analytics services through the release of its new Market Risk Monitor solution.

PPRO, the leading global digital payments infrastructure provider, has announced the appointment of Motie Bring as Chief Commercial Officer. Motie’s impressive track record helping merchants and payments companies scale up their operations will be crucial in strengthening PPRO’s market position as the most trusted infrastructure partner for payments service providers (PSPs), merchants and banks. 

Themis has announced the release of its innov