Banks and the Italian Banking Association, in cooperation with ABI Lab, the banking research and innovation centre of the Italian Banking Association (ABI), have started experimentation with the digital euro. The aim of the initiative is to proactively contribute to public debate and support banks operating in Italy as they prepare for the future.  

Avaloq, a Swiss-based global leader in digital banking solutions and wealth management technology, and Japan-based NEC Corporation today announced the closing of NEC’s acquisition of Avaloq. Each being a market leader in their own field, the combination of their shared vision, technological strengths, and global presence, will accelerate both companies’ long-term growth, global expansion and value creation strategy.

CoinDCX, India’s largest cryptocurrency exchange, raised Rs 100 crore ($13.9 million) from eminent investors, including returning investors from previous rounds. The series B round was led by Block.one and included DG, Jump Capital, Uncorrelated Ventures, Coinbase Ventures, Polychain Capital, Mehta Ventures and Alex Pack.

An international fintech holding Robocash Group has expanded the product line with the launch of its first Buy Now Pay Later service UnaPay in the Philippines.

Liberis, a leading global embedded business finance platform, has secured £70m in financing from long-term partners British Business Investments, Paragon Bank, BCI Europe, as well as financing and venture debt from new partner Silicon Valley Bank (SVB).

Decimal Technologies, one of India’s leading fintech firms, has announced the launch of Saarathi, a pioneering, one-of-a-kind lending marketplace, specializing in digital transformation of loan files. The AI-based product enables hassle-free, paperless digitalization of multiple financial products such as loans, credit cards and insurance on one platform.

New research from Finastra shows that while rates remain consumers’ key driver in the mortgage lender selection process, trends relating to COVID-19 have put increased importance on digital experience and time-to-close. The pandemic is having an influence on both of these trends, as consumers demand more robust digital loan processes and surging volumes of mortgage applicants extend time-to-close.

The Sipay Plus payment gateway and HPS, the leading multinational provider of payment solutions, announced today the signing of a new partnership for the combination of their innovative electronic payment technologies to maximize the synergies between the two platforms.

The British Business Bank has appointed Jenny Knott as Non-executive Director (NED) to the board of British Business Bank plc, effective from 14 December 2020.

Jenny Knott is a highly experienced board-level investment banker with over 30 years’ experience in banking and corporate finance. She has served as Chief Executive Officer (CEO), Chief Financial Officer (CFO) and Chief Operating Officer (COO) on the Boards of global investment banks, financial services corporates and charitable organisations.