Banxa, a full-service, internationally compliant digital banking infrastructure provider, announced it has completed its USD$2 million Pre-IPO investment round. The round was led by OK Group, a world-leading blockchain technology and service provider focused on the research and development of the technology and its all-scenario applications..

UK-based payments service provider SumUp (www.sumup.co.uk), today announces a  partnership with Google - which will enable merchants using Google My Business to add support links to Gift Cards directly to their Business Profile on Google - in its latest move to support small businesses during COVID-19 and beyond.

FintechOS, the global provider of technology for the digital transformation of banks, insurance companies and other financial services organisations, is this year’s hottest FinTech Startup, according to the Europas Awards, an event launched in 2009 by Techcrunch’s editor-at-large, Mike Butcher, to recognize and celebrate the innovation emerging from Europe’s burgeoning tech startup scene. The Awards were announced live on 25th June during an online event.

 The deciding panel of judges included a diverse range of European tech founders, investors and journalists.

Following the collapse of Wirecard, James McGivern, Head of NBFI at Cashfac, reinforces the need for operational accounting and reconciliation in eMoney and Payment Service Providers

The other day an ex-colleague reminded me that we had tried to sell a reconciliation solution to Wirecard about 5 years ago, but they sent us away with a flea in our ear.  Ah! If only they had listened!  Well maybe.  They say that locks only “keep honest men honest” and similarly detailed, well reconciled accounting records only keep honest payment service institutions honest.

Aire, the UK’s fourth FCA-regulated credit reference agency (CRA), has launched a powerful new insight product to help lenders make sense of the post COVID-19 borrowing landscape. Pulse from Aire helps protect credit providers and consumers from bad debt, and supports fair and FCA-compliant account handling, by enabling lenders to collect up-to-date information from customers about their changing financial circumstances. 

Profile Software, the international financial solutions provider, announced today that Allica Bank, the bank that empowers small and medium businesses to succeed, has comprehensively implemented Profile’s FMS.next, and RiskAvert to manage their banking and risk management operations. Profile and Allica Bank worked together to speedily deliver the digital banking solutions under challenging timescales.

Cloud9 Technologies ("Cloud9"), a leader in cloud-based communications, has partnered with OpenFin, the operating system (OS) of finance, to streamline the deployment of Cloud9’s voice trading APIs for institutional traders. With a heightened focus on mobility and universal access to the virtual trading floor, Cloud9 and OpenFin are empowering the optionality and flexibility that firms are seeking in their daily workflows.

Businesses have an opportunity to discover the opportunities and challenges as well as benefits of Artificial Intelligence in a free Immersive Tech Session on Monday 6th of July from 10am to 12pm. The session will be hosted by Wo King from Hi9 and Tariq Rashid who leads the Data Science Cornwall community.

Wolters Kluwer’s Finance, Risk & Reporting (FRR) business has won a major award from Risk magazine.

The Chancellor of the Exchequer announced that the Future Fund is being expanded to accommodate businesses that contribute significantly to the UK economy, but do not have their parent company based in the UK because they participated in a non-UK based accelerator programme.