Research conducted by the Consulting Services team at BSI has revealed that some organizations are struggling with the current data protection landscape, with many data transfers impacted by the UK’s exit from Europe and the invalidation of the EU-US Privacy Shield framework last year. With information resilience and cybersecurity being a top priority for many organizations in 2021 as remote working continues, staying alert to the evolving data compliance landscape is essential.

UK - EU data transfers post-Brexit

e-learning platforms have seen a breakthrough since the Pandemic. Social distancing and lockdown have resulted in shutting down schools, colleges, and universities. Many businesses have also shifted their work at home. As a result, education and learning is undertaken remotely over digital platforms. It became a benediction to bring out positivity in people in those uncertain times.

CloudMargin, creator of the world’s first and only collateral and margin management solution native to the cloud, announced today that Martin Heraghty has joined the firm as Sales Director for the DACH region in Europe, comprising Germany, Austria and Switzerland, and Central Europe. He has over 20 years of relevant experience, including more than 15 years selling trading technology solutions.

Global payments service provider SumUp (www.sumup.co.uk) is today announcing the appointment of its new CTO, with Visual Meta Co-Founder and former CTO, Johannes Schaback, taking up the role as of May 1st.

Burrow has today announced that it is expanding its API-led Digital Mortgage Platform to include 2 powerful modules developed for mortgage brokers - an intuitive Client Portal and smart Retention Marketing.

Taulia, the leading fintech provider of working capital solutions, has today announced it is expanding its offering to include inventory management. This key development will enable Taulia to provide its global customer base with solutions that cover all three areas of the cash conversion cycle: payables, receivables and inventory. 

ALT/AVE (www.altave.co.uk), the London-based RegTech startup that uses distributed ledger technology to combat the masses of paper waste in banking, today announces that it has raised a combined total of £535,000 in new growth capital.

Funding Options, the leading marketplace for business finance, has launched Funding Cloud (™), a technology and data-driven platform that will bring unparalleled scale and speed to the SME finance sector.

The Domestic Payments Schemes Jury today releases its 2021 report titled: “To Survive or Thrive? Domestic Payments Innovation in the Pandemic" revealing that while many domestic payment organisations had to make some adjustments to their innovation programmes due to the pandemic, 36% reported that the pandemic had ultimately led to an increase in their innovation activities. 

The use of fintech apps has increased more than 61% since the pandemic started last year, reveals deVere Group, one of the world’s largest independent financial advisory and fintech organisations.
The jump comes as financial technology apps show further evidence that the way we manage our finances further shifted in light of the coronavirus pandemic.
James Green, deVere Group’s Divisional Manager of Europe, notes: “Pre-coronavirus, we were already in an exciting new era driven by the lightning pace of the digitalisation of our everyday lives.