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Low-code technology boosts the growth of specialist bank

Hampshire Trust Bank (HTB) is a digitally-focussed specialist bank staffed by experts that enable UK businesses to realise their ambitions. Primary operations include development finance, specialist mortgages and specialist business finance (including wholesale, block-discounting, structured asset finance and classic cars). HTB also provides award-winning savings accounts to individuals and businesses. With an ambitious growth target in mind, the bank targeted digital as key to its expansion.

Friday, April 17, 2020 - 14:38
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/news/banking/low-code-technology-boosts-growth-specialist-bank
Financial IT
TransferGo teams with IFX Payments to support donations to Lithuania’s COVID-19 relief fund

TransferGo, one of the world’s fastest growing money transfer services, has today announced that it has partnered with IFX Payments, the UK-based foreign exchange and payments leader, to facilitate donations in up to 39 different currencies to Lithuania’s COVID-19 relief fund.

Friday, April 17, 2020 - 14:35
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/news/payments/transfergo-teams-ifx-payments-support-donations-lithuanias-covid-19-relief-fund
Financial IT
Coronavirus Large Business Interruption Loan Scheme to Open on Monday

The Chancellor of the Exchequer today announced details of the Coronavirus Large Business Interruption Loan Scheme (CLBILS).

Delivered by lenders accredited by the British Business Bank, the new scheme provides finance to mid-sized and larger UK businesses with turnover above £45m (the upper limit for the existing smaller-business focused CBILS).

Friday, April 17, 2020 - 14:00
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/news/covid-19/coronavirus-large-business-interruption-loan-scheme-open-monday
Financial IT
ICA Announces New Partnership with Navigate Compliance in South Africa

The International Compliance Association (ICA), the leading professional body for the global regulatory and financial crime compliance community, is pleased to announce it has partnered with Navigate Compliance to bring ICA education to the region.

Established in 2016, Navigate Compliance is a 100% women and youth-owned SMME specialising in regulatory compliance training and consultancy, working alongside professional bodies, corporates and higher education institutions in South Africa.

Friday, April 17, 2020 - 13:31
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/news/security-and-compliance/ica-announces-new-partnership-navigate-compliance-south-africa
Stripe extends Series G funding round

Stripe, which builds economic infrastructure for the internet, announced today an extension of its Series G round, raising an additional $600 million from investors including Andreessen Horowitz, General Catalyst, GV, and Sequoia. The financing takes place on the same terms and valuation as the Series G.

Friday, April 17, 2020 - 13:02
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/news/financial/stripe-extends-series-g-funding-round
Financial IT
Mobeewave launches Mobeewave Limitless™- a high value contactless payment solution for merchants

Mobeewave, a pioneer in contactless payment acceptance, is launching a suite of innovative new features that remove current contactless payment limits for merchants and consumers around the world using its tap-to-phone technology.

Friday, April 17, 2020 - 12:52
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/news/payments/mobeewave-launches-mobeewave-limitlesstm-high-value-contactless-payment-solution
Financial IT
British Business Investments and Par Equity to deliver £75m of investment to support ambitious entrepreneurs in the regions

British Business Investments, a commercial subsidiary of the British Business Bank, has announced a new £15m commitment to Par Equity as the latest partner in its Regional Angels Programme.

The funds from British Business Investments will be invested by Par Equity alongside the Par EIS Fund and the Par Investor Network to deliver over £75m of new funding for scale-up businesses primarily in the North of England, Scotland and Northern Ireland.

Friday, April 17, 2020 - 12:43
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/news/investment/british-business-investments-and-par-equity-deliver-ps75m-investment-support
Financial IT
ADIB is the first Islamic Bank to use Blockchain technology for trade distribution

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has become the first Islamic bank to successfully execute trade finance distribution transactions using Blockchain technology. The cross-border transactions, which were completed with multiple based banks, were made possible through ADIB's partnership with TradeAssets, a trade finance e-marketplace powered by Blockchain technology to help digitize the traditional processes of origination and distribution of trade assets.

Friday, April 17, 2020 - 12:37
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/news/blockchain/adib-first-islamic-bank-use-blockchain-technology-trade-distribution
Financial IT
Kivra and Tink partner up to make it easier to pay bills and invoices

Kivra provides a digital mailbox to more than 3.7 million users in Sweden. Through the Kivra app, users can receive and process all their bills and important mail in one place, making life simpler while also sparing the environment. With over 2.5 million invoices to be settled every month, Kivra was looking for the most cost-effective and friction-free way to enable these payments, and now they’re partnering with Tink to make it easier to settle invoices with just a few clicks.

Friday, April 17, 2020 - 12:21
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/news/e-billing/kivra-and-tink-partner-make-it-easier-pay-bills-and-invoices
Financial IT
Open banking data provider AccountScore and TruNarrative join forces

TruNarrative, the global RegTech company has announced a new partnership with AccountScore, to integrate Open Banking connectors into the TruNarrative platform. Enabling Risk & Compliance teams to integrate affordability scores to aid onboarding and monitoring of customers.

Friday, April 17, 2020 - 10:24
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/news/open-banking/open-banking-data-provider-accountscore-and-trunarrative-join-forces
Financial IT

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