Quantile Technologies (Quantile), a leading provider of portfolio optimisation services for the global financial services market, today announced that it has received a $51 million (£38 million) minority investment from Spectrum Equity, a leading growth equity firm focused on Internet-enabled software and information services companies.

EedenBull (https://EedenBull.com) has announced a five year agreement with National Australia Bank (NAB), which allows the bank to deploy EedenBull’s innovative payment and spend management platform to the bank’s customer base of small and medium sized enterprises (SMEs).

Digital wallet and payments platform Zumo welcomed more than 10,000 new UK users to its app in December following a drive to reach new users.  

Bank of Khyber (“BoK”) which is a leading bank in Khyber Pakhtunkhwa, Pakistan, with 175 branches, successfully went live with Temenos Transact the next generation core banking, Temenos Infinity digital banking platform, Financial Crime Mitigation and Analytics. The implementation was carried out by Temenos’ Middle East implementation partner based in Pakistan, National Data Consultant (“NdcTech”). 

Plenitude, the niche consultancy firm specialising in Financial Crime Risk and Compliance, has appointed Shahmeem Purdasy as Senior Executive and General Counsel. In his new role, Shahmeem will provide strategic advice and transformation expertise to enable Plenitude’s clients to meet the challenges posed by the evolving Financial Crime Compliance (FCC) landscape, alongside supporting the execution of Plenitude’s growth plans. 

Italian bank BNL, part of the international group BNP Paribas, has launched a multi-banking service with leading open banking platform Tink. This forms part of a wider strategic European partnership between BNP Paribas and Tink, announced at the beginning of 2020.

The first few days of 2021 have confirmed what I’ve long suspected; consumers are demanding greater flexibility, accessibility and control over their finances than is offered by banks and the current global financial model. Since the turn of the year, Bitcoin has hit two record highs whilst gold has also enjoyed a boost, albeit one that is more restrained. I’m in no doubt this is driven in part by increased consumer appetite for alternatives to traditional currencies.

The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today identified key priorities where financial market infrastructures (FMIs) should focus in the coming years to proactively and effectively manage risk in a post-pandemic environment. 

Finzly, a fintech provider of modern banking applications for foreign exchange, trade finance, payments and digital account opening, announced today the addition of Mark Dumolien as the company’s new Vice President, Product Management. In this role, Dumolien will lead the strategic planning and product management for Foreign Exchange (FX), Derivatives and International Banking.

MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, today announced the appointment of Raj Paranandi as Chief Operating Officer, EMEA & APAC. The appointment is effective March 1^st, 2021.