Comment from Phil Bailey, Director at Twenty7Tec about the 95% market in terms of ESIS and searches:

“It’s fair to say that the Government’s 95% guarantee scheme has reignited mortgage searches in that loan to value range.

Finastra today announced that Mizrahi-Tehafot Bank, the third largest bank in Israel, has chosen its pre-packaged payments solution, Fusion Payments To Go. The solution, aimed at small and medium-sized banks looking to implement domestic and cross-border payment services, will enable the bank to offer its customers frictionless and immediate payments, with reduced, fixed implementation cost.

FSS (Financial Software and Systems), a globally leading provider of integrated payment products and India’s largest payment processor, announced new enhancements to FSS Merchant Hub to maximize the value of the acquirer ecosystem for merchants through support for new transactional journeys and superior merchant service. 

SME leaders believe it will take on average 12 months for their businesses to make up for lost revenue caused by the COVID-19 pandemic, according to research revealed today by Nucleus Commercial Finance. Over half a million SMEs (590,000) say it will take between 10-12 months to make up the lost revenue caused by Covid-19 and 1.6 million say between 10 months and two years.1 

Blackstone today announced that private equity funds managed by Blackstone have entered into definitive agreements to acquire a majority stake in Mphasis Limited (NSE: MPHASIS). A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC Investments and other long-term investors will co-invest along with Blackstone.

Banking Circle, the tech-led licenced bank supporting the cross border flows of Payments businesses and Banks, has announced that Mahir Zaimoglu is joining senior management to, among other areas, assist with the strategic review of monetization options.

Mahir joins with more than 20 years of experience in the financial industry, most recently as Managing Director and Head of Financial Sponsors M&A in EMEA for Goldman Sachs. Previously he headed up JPMorgan’s Sponsor M&A business in EMEA.

• Tightening regulations and growing volumes of communications channels has created a challenging operational landscape for compliance teams
• SteelEye’s new lexicon product monitors more than six times as many search terms than a standard lexicon for an unrivalled level of oversight, helping firms better identify signs of financial crime and market abuse
• Artificial Intelligence and context reading technology reduces inaccurate results (false positives)

J.P. Morgan Private Bank today released the results of its first-ever Top 200 Female-Powered Businesses report analysing opportunities and challenges for UK women in businesses.

MV Index Solutions GmbH (MVIS^®) in partnership with CryptoCompare, the global leader in digital asset data, announced the licensing of the 

The Consumer Financial Protection Bureau (CFPB) and New York Attorney General Letitia James today filed a complaint in federal court to seize a $1.6 million home, the ownership of which the complaint alleges was fraudulently transferred by the operator of a massive and now-defunct debt-collection scheme. Douglas MacKinnon transferred ownership of his home to his wife and daughter for the sum of $1 shortly after learning of a federal and state investigation into his companies Northern Resolution Group LLC and Enhanced Acquisitions LLC.