Al Sanam Islamic bank, a newly-established Islamic bank in Iraq, has selected ICS BANKS Islamic Banking software solution from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions.

London-based social and community-based investing app Shares is eying European expansion and a move into crypto after raising $40 million in a Series B funding round led by Valar Ventures.

The round, which brings Shares' total funding to $90 million in a little over a year, comes two months after the app launched in the UK.

Revolut has been struck by the exit of several key executives, including its UK regulatory and risk bosses, amid uneasy relations with the UK regulator as the neobank looks to speed up a decision on its UK banking licence.

Digital transformation and interaction

Uzbekistan is the point of development of the Central Asian region, today one of the most dynamically developing countries, and more open both for international cooperation and new investments, for innovative technologies.

EXL, a leading data analytics and digital operations and solutions, Corridor Platforms, a leading decision workflow automation platform, and Oliver Wyman, a premier global management consultancy, have announced a joint venture to develop a risk decisioning-as-a-service solution for financial institutions.

CellPoint Digital, the global leader in payments orchestration, today announces a new partnership with Chargebacks911, a move that promises to provide best-in-class chargeback prevention, management and resolution to its clients.

Back in 2017, the future of the fintech sector and its potential felt truly limitless. Bold claims were bandied about including the theory that the movement would soon supersede the traditional banking sector in terms of popularity. Nowadays, things don’t look as cut and dry. Personally, I’m still a supporter of the fintech sector and feel that there is still vast potential for it to create real change for businesses and consumers, but I’ll also admit that a lot of those early proclamations have now been shown to be quite wide of the mark.

Bybit, the third most visited cryptocurrency exchange in the world, launched its unified margin account for eligible users on July 25, 2022, with a full release to be expected in the near future.

Bybit's unified margin account offers a completely new derivatives trading structure. Users can use all assets under their account as collateral to trade USDT perpetual, USDC perpetual, and USDC options contracts.

Investment platform Further has today announced a new partnership with digital identity provider Yoti, which will streamline the customer onboarding process, making it faster and easier for people to invest in their chosen funds.
 
Under Financial Conduct Authority (FCA) rules, Further is required to provide appropriate identity evidence for investors when transactions take place. This is to prove that all investors seeking to invest in a fund via Further are who they say they are.
 

Policy Expert, the UK insurtech that provides home and motor insurance to over one million policyholders, has today announced the appointment, subject to regulatory approval, of Kevin Chidwick as Chief Financial Officer, harnessing over three decades of experience from major insurance brands including Admiral and Confused.com.