SunTec, a leading provider of revenue and billing management solutions, announced today that it is working with Amazon Web Services (AWS) to offer Xelerate platform and products on AWS Cloud. The Xelerate platform and products have been optimized to leverage the cloud capabilities of AWS. 

Europe-wide research commissioned by innovative financial infrastructure provider Banking Circle has found that nearly two thirds (64.6%) of online merchants have needed extra finance in the past two years (excluding borrowing due to the current COVID-19 crisis).

Koine, the provider of segregated, institutional custody and settlement services for digital assets and fiat money, has integrated with digital broker GC Exchange Limited (GCEX); two firms regulated by the UK’s Financial Conduct Authority (FCA).

Today the British Business Bank has announced that it has approved four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS).

New lenders The FSE Group, FW Capital, Mercia Asset Management and Whiterock Finance will be able to provide financial support to smaller businesses in the Northern Powerhouse and Midlands Engine regions, as well as Northern Ireland, that are losing revenue and seeing their cashflow disrupted, as a result of the Covid-19 outbreak.

The Board of Managing Directors of Commerzbank AG has decided to launch an issuance programme for additional tier 1 capital (AT1). This will enable the Bank to gradually issue subordinated bonds with a total nominal value of up to €3 billion. A decision on the first issuance under the programme will be taken at a later date.

Inclusivity Solutions, the company that designs, builds, operates and innovates digital insurance solutions, has secured an additional US$ 1.3 million in its second tranche of its Series A round, bringing the total Series A round to US$2.6m.  Following on from their first tranche investment, the uMunthu fund, managed by Goodwell Investments, led the round with follow-on investment from UW Ventures (in partnership with Allan Gray). MFS Afr

Devexperts, a software provider for the financial industry, launched DXtrade, a new SaaS (Software-as-a-Service) trading platform for the retail FX and CFD industry.

DXtrade is an off the shelf trading solution for Forex and CFD brokers with robust risk management and back office applications. Its flexibility in settings allows brokers to achieve their ideal setup in both their trading platform front ends and brokerage operations.

Integral, a leading FX technology provider, announced today that it has been selected by Velocity Trade, an international broker dealer, to employ its workflow automation and trading technology across Velocity Trade’s eFX and CFD trading network.  

Integral’s cloud technology offers Velocity Trade full automation and customization of the eFX and CFD workflow, including sophisticated pricing and risk management tools, alongside a feature rich trading platform and mobile trading app which supports Velocity Trade’s suite of FX and CFD products.  

Today, PPRO, the leading local payments platform-as-a-service, launches its 2020 Payment Almanac in partnership with Edgar, Dunn & Company. The product of thousands of hours of research, analysis, and insights from PPRO’s payments experts, the third edition of the almanac contains detailed information for more than 450 local payment methods and the latest e-commerce data from 60 countries around the world.

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today extended its Public API (Application Programming Interface) for collateral management, to enable its clients with faster access technology to better service their individual business needs.