Business bank, Allica Bank, is launching a £100m funding round to help it meet the current high levels of demand for finance it is experiencing from British businesses, and continue broadening services and product lines. The bank, which received full UK banking authorisation in late 2019, has had over £1bn of enquiries from businesses in the aftermath of the Covid-19 pandemic.

Economic instability has been ricocheting throughout the stock market in the wake of the global coronavirus pandemic. Its effects have been felt across all industries, with winners and losers’ across different sectors. So, how has fintech fared during this period? An industry which was coming off the back of a strong growth period as ‘neobanks’ exploded across the globe, they’ve given consumers the ability to invest, bank and make payments in real-time, on a hand-held device.

Global analytics and technology provider FICO has just been named a category leader for the second year running in the new Chartis Research report - Cyber Risk Quantification Solutions, 2020: Market Update and Vendor Landscape.

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organisation, announced that it has partnered with Phoenix Group, the UK’s largest long-term savings and retirement business, to launch an enhanced client analytics tool for workplace pension clients of its Standard Life Assurance Limited business.

BlackRock, JP Morgan Asset Management and Robeco were the major category winners of the 2020 Broadridge Distribution Achievement Awards. At this week’s ALFI Rentrée virtual conference, the winners of each category were announced via a daily video.

MYPINPAD, the global leader in secure personal authentication solutions, today announces new strategic partnership with EVO Payments, Inc. (“EVO”).

Red Hat, Inc., the world's leading provider of open source solutions, today announced that Poste Italiane Group (“Poste Italiane” or the “Group”) is building an innovation platform based on Red Hat’s open hybrid cloud portfolio, including Red Hat OpenShift.

Flywire, a vertical payments company, is partnering with Mastercard to provide students with discounted foreign exchange rates on cross-border tuition payments made with Mastercard. The offer is available during the 2020 Fall term to international students originating from UAE, Saudi Arabia, Qatar, Kuwait, Kenya and Ghana attending any school around the world that offers Flywire as a preferred payment method for international tuition.

Wealth managers and private banks need to ‘democratize’ their service and product offerings to a wider audience of affluent clients to compete and grow in the new hyper-digital world. If firms do not democratize their proposition, they risk losing market share and failing to capitalise on the profound, digital-led transformation of the sector. The finding comes from global tech leader Avaloq in a major new sector report, Democratization of Wealth Management – a Unique Business Opportunity¹.

Sage, the market leader in cloud business management solutions, announced today that Steve Hare, CEO, has been recognised by Glassdoor for having the highest rated leadership score in the UK (95%), during the COVID-19 crisis.

The data published by Glassdoor today, uses primary analysis of voluntary, anonymous company reviews and ratings from UK-based current and former employees between 1st March, 2020 and 31st July, 2020.