The European Investment Fund (EIF), part of the EIB Group, is providing two guarantees totalling €50 million to illimity Bank to improve access to finance small and medium-sized businesses (SMEs) in Italy. These SMEs primarily focus on sustainability, innovation and digitalisation. The EIF transactions are backed by the InvestEU programme. 

Over a third (35%) of finance organisations across UK critical national infrastructure (CNI) anticipate a rise in cybercrime as a direct result of the current economic crisis, according to 

TeamLease HRtech, a leading provider of comprehensive HCM solutions, has launched Paylief, a one-click payroll platform that is a part of its end-to-end HCM platform. Paylief allows organisations to efficiently handle their Payroll as a unified SaaS platform. Users can utilize it as an integral part with talent acquisition, workforce management, employee benefits, and legal compliances.

Market Pay Group (“Market Pay”) today announces that it has signed an agreement for the acquisition of Polish fintech Novelpay, including its French subsidiary PAX France Novelpay, to further accelerate the development of its pan-European payments platform.

Novelpay is one of Europe’s fastest-growing players for the development of independent software vertical (“ISV”) solutions for payment terminals and associated terminal distribution.

Broadstone, a leading independent pensions, investment and employee benefits consultancy, announces the appointment of Sarah Edwards as a Transformation and Delivery Consultant. 

Sarah arrives at a time of rapid expansion. Alongside sustainable organic growth,  Broadstone has also made numerous acquisitions which include H&C Consulting  Actuaries and OAC joining the business this year. 

Regulated blockchain platform 

Temenos today announced Omdia, a leading technology analyst and consulting firm, recognized Temenos as a market leader in the report “Omdia Universe: Digital Banking Platforms, 2023”.

Trust & Safety platform, Pasabi, has hired PJ Rohall as VP of Fraud Strategy to lead the company’s US expansion.

Paxos, the regulated blockchain infrastructure platform for enterprises, continues driving value for its commodities market clients through its Post-Trade and Settlement solutions. Financial institutions that deploy Paxos’ Post-Trade and Settlement solutions see an average 300% return on investment (ROI) within two years due to enhanced back-office efficiency, new data has revealed.

Global private market exchange ADDX has appointed Mr Chew Sutat, former senior managing director at the Singapore Exchange (SGX), as its chairman. He has sat on the board of ICHX Tech since 2018 and chaired the ADDX platform’s listing committee since 2019.