RAMSUN Network, India’s e-marketplace for Supply Chain Finance and other Supply Chain related solutions, has joined fintech MonetaGo’s Secure Financing Network.

The RAMSUN Network facilitates easier and faster financing for small businesses, through its artificial intelligence-enabled technology solution. This allows multiple financiers to be part of Supply chain/Channel Finance ecosystem. India’s small business community faces ongoing challenges to securing funding, which have been exacerbated by the coronavirus.

Avaloq, the global wealthtech leader, has further expanded its senior UK team with the appointment of Peter Lamberti to the role of Strategic Sales Director. He is based in London and will focus on developing strategic relationships, expanding Avaloq’s presence in the UK and also globally.

Exberry, the exchange technology pioneer, has been appointed by London Derivatives Exchange (LDX) to provide matching engine technology. The new technology partnership will enable LDX to launch global markets and cover a wide spectrum of asset classes.

Infor, a global leader in business cloud software specialized by industry, today announced that it is partnering with DBS Bank, Southeast Asia's largest bank, to integrate digital trade financing capabilities into the Infor Nexus global network of more than 68,000 businesses.

QuantaVerse, which uses AI and machine learning to automate financial crime investigation processes, engaged an independent model validation firm to ensure the regulatory rigor of its AI and machine learning platform. Leveraging its proprietary modeling framework to thoroughly analyze QuantaVerse’s AI solutions, the firm delivered a comprehensive model validation.

Quantexa – the contextual decision intelligence software company that empowers organisations to make better decisions – has today announced that it has closed a Series C round, raising a further $64.7 million (£51.2m) in funding.

As consumers increasingly leverage digital channels for their banking needs, Finzly, a modern fintech provider of banking applications for foreign exchange, trade finance, payments and digital banking, announced the availability of its contactless consumer digital account opening solutions that empower community financial institutions to deliver convenient, modern banking experiences to account holders while eliminating manual processing and driving operational savings.

This year, the financial sector’s plans have been thrown off course by a global pandemic that sent a wave of disruption rippling through the business world. The resulting national lockdowns sparked a flurried uptake of remote working tools by businesses looking to maintain operations with employees working from home.

Bottomline’s virtual media roundtable, hosted by the company’s Ed Adshead-Grant last month, gave three financial experts the chance to discuss the findings of the Bottomline Business Payments Barometer 2020 and their implications across the UK payments landscape.

**********************************************

Box panel

Gavin Maclean, Head of Cash Management and Payment Product, Lloyds Banking Group:

Maitland, the leading global advisory and fund administrator, has announced it is enhancing its AML regulatory compliance capabilities to meet rising demand among Luxembourg fund managers.

Driving the need for outsourced compliance services in Luxembourg is the latest anti-money laundering (AML) guidance from the Commission de Surveillance du Secteur Financier (CSSF).