The Lending Standards Board (LSB) has chosen its next Chair as it continues its vital work driving fair outcomes for financial services customers.

Ken Scott will replace current Chair Chris Pond, when he reaches the end of his six-year term on 1 April 2023.

NORD/LB, one of Germany’s largest commercial banks, is accelerating access to finance for its large corporate customers, in a partnership with Trade Ledger, the global data-driven lending technology provider.

iProov, the world leader in face biometric verification and authentication technology, announced today that it has been certified to SOC (System and Organization Controls) 2 Type II. This certification assures that iProov’s system is designed with suitable organizational controls to ensure sensitive information is kept secure in the cloud. To achieve SOC 2 certification, organizations must implement controls on system monitoring, data breach alerts, audit procedures and forensics.

Payhawk, the fast-growing spend management platform combining company cards, reimbursable expenses, and accounts payable in one solution, today announces the launch of a business credit card in the UK. This new release quickly follows its launch of credit cards for US businesses in September this year, as well as year-to-date revenue growth of 520% and an employee headcount growth of over 250%.

The collaboration between Fnality and Finteum has taken a step forward with the announcement of the completion of a successful proof of concept (POC) involving the first test of FX settlement transactions on a Payment-versus-Payment (PvP) basis, across the Finteum Platform, and two Fnality Payment Systems (FnPS), representing two currencies, in under 10 seconds.

British-based scale-up, White Label Loyalty, has partnered with Slovenian SKB bank, part of the OTP Group, a leading Hungarian and regional bank, after successfully making its way through the bank’s Startup Booster Program.

Zaggle, a profitable SaaS FinTech company and a pioneer in digitizing business spends, received the ‘Upcoming Unicorn Award’ at the Indian Startup Festival (ISF 2022) in Bengaluru.

Ada Ventures, the early-stage venture capital firm that invests in entrepreneurs with breakthrough ideas, who are solving society’s biggest problems, has successfully reached a £36m first close of its second fund. Ada’s fast second fund is a testament to its LP’s belief in Ada’s unique scout network that uncovers the hidden talent that will build the next generation of global companies.