The International Compliance Association (ICA), the leading professional body for the global regulatory and financial crime compliance community, is pleased to announce it has partnered with Navigate Compliance to bring ICA education to the region.

Established in 2016, Navigate Compliance is a 100% women and youth-owned SMME specialising in regulatory compliance training and consultancy, working alongside professional bodies, corporates and higher education institutions in South Africa.

Stripe, which builds economic infrastructure for the internet, announced today an extension of its Series G round, raising an additional $600 million from investors including Andreessen Horowitz, General Catalyst, GV, and Sequoia. The financing takes place on the same terms and valuation as the Series G.

Mobeewave, a pioneer in contactless payment acceptance, is launching a suite of innovative new features that remove current contactless payment limits for merchants and consumers around the world using its tap-to-phone technology.

British Business Investments, a commercial subsidiary of the British Business Bank, has announced a new £15m commitment to Par Equity as the latest partner in its Regional Angels Programme.

The funds from British Business Investments will be invested by Par Equity alongside the Par EIS Fund and the Par Investor Network to deliver over £75m of new funding for scale-up businesses primarily in the North of England, Scotland and Northern Ireland.

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has become the first Islamic bank to successfully execute trade finance distribution transactions using Blockchain technology. The cross-border transactions, which were completed with multiple based banks, were made possible through ADIB's partnership with TradeAssets, a trade finance e-marketplace powered by Blockchain technology to help digitize the traditional processes of origination and distribution of trade assets.

TruNarrative, the global RegTech company has announced a new partnership with AccountScore, to integrate Open Banking connectors into the TruNarrative platform. Enabling Risk & Compliance teams to integrate affordability scores to aid onboarding and monitoring of customers.

The nation-wide lockdown in the wake of Covid-19, predictably, has hit the poorest sections of society the hardest, especially migrant workers and the rural population. However, now, through the help of bank mitras and Aadhaar enabled payments, customers can withdraw upto Rs. 10,000 daily simply through the use of their thumb, which is a blessing in rural areas where there is a lack of adequate financial infrastructure.

 Curve, the banking platform that consolidates multiple cards and accounts into one smart card and app, has appointed Hannah Nixon to advise on the company’s regulatory activities and relationships. 

Hannah has extensive experience in economic regulation and competition matters, working across a range of industries in the public and private sectors. She will help guide Curve’s regulatory strategy and framework focused on the UK and EU as well as advising on a range of regulatory matters important to Curve’s growth.

Funding Circle, the small business loans platform, has today been approved for accreditation by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS), term loan variant.

Funding Circle expects to open CBILS applications within the next week once it has completed the required legal and operational approvals with the Bank.