The venture capital arm of one of Canada's biggest pension funds is leading a £12m fundraising for a London-based fintech backed by MoneySuperMarket, the price comparison site.

Sky News understands that OMERS Ventures has become a shareholder in Flagstone, a cash deposit platform which transmits money between accounts from well-known providers such as HSBC and Nationwide in search of the highest interest rates.

Sage, the market leader in cloud business management solutions and the UK’s largest payroll provider, today releases the first edition of the SMB Tracker, highlighting the latest weekly sentiment from businesses across the UK. This week the Tracker finds that a greater proportion of the UK’s small and medium sized businesses may have either applied or intend to apply for the Coronavirus Job Retention Scheme (JRS).

The demand for high-speed, reliable internet connectivity has skyrocketed in recent years. Whether it’s the rise in remote working due to the COVID-19 pandemic, or an increased number of businesses now storing and backing up their data in the cloud, having access to high-speed internet has never been more crucial to businesses across every sector – and financial services is no exception.

LATOKEN is delighted to announce the listing of Monero (XMR), Cardano (ADA), Decred (DCR), and Ravencoin (RVN), which are the TOP50 cryptocurrencies according to Coinmarketcap.

Since now, depositing, trading, and withdrawals are open for ADA/BTC, ADA/USDT, XMR/BTC, XMR/USDT, DCR/BTC, RVN/BTC, RVN/USDT trading pairs. The joint daily volume of the listed coins is over 350 million in USD.

The Financial Action Task Force (FATF) guidance and the 5th EU Money Laundering Directive (MLD) have both asserted an expectation that regulated firms should digitise their customer identification processes. And that was before the global pandemic of Covid-19. Now more than ever an automated and 'digital first' approach to onboarding is critical for success.

‘FATF encourages the fullest use of responsible digital customer onboarding and delivery of digital financial services in light of social distancing measures.’

NatWest, part of the Royal Bank of Scotland Group, has today announced the renewal of its agreement with Artesian Solutions as the Banks’s core relationship intelligence and customer insight platform.

The announcement follows a competitive five-month tender process which assessed the latest artificial intelligence solutions against strict criteria aimed at contributing to the Bank’s mid-term growth plans and aligned to their key strategic initiatives.

Capitolis, the innovative financial technology company that is reimagining how global capital markets operate, today announced the appointment of financial technology industry leader Rony Grushka to its Board of Directors. Rony will also serve as an advisor to the executive team on strategic initiatives.

Knowledge Bank has responded in under 24 hours to broker demand for an easy way to see lenders’ current SVRs.  Knowledge Bank responded instantly, creating a complete point of reference of all residential and buy-to-let lender LTVs, held all in one place.

Leading UK fintech payments processor, Paymentology, has hit its target of being able to set up an all-embracing payments platform in just 24 hours. This enables card programmes to be established and operating in a timeframe considered impossible just 12 months ago.

Covering all aspects of the issuer side payments infrastructure and creating an end-to-end solution, the Paymentology model comprises:

• Full scheme and card manufacture integration

• Ledger management