Koine, the provider of segregated, institutional custody and settlement services for digital assets, has retained US Capital Global Securities as its lead financial advisor on a $50 million equity raise.

Koine will utilise the $50 million equity financing to diversify its service offerings and acquire additional regulatory permissions to support its strategic international growth.

NORD/LB Luxembourg S.A. Covered Bond Bank (CBB), a wholly-owned subsidiary of German Landesbank NORD/LB, has successfully completed the migration of three group international branches – New York, Singapore and Shanghai – to the Avaloq Banking Suite. This project builds on an established ten-year relationship between Avaloq and NORD/LB CBB which selected Avaloq as a strategic partner in 2010 to support its wholesale and financial markets businesses.

British business leaders do not believe their organisations are fully up to speed with developing technologies - with only around half (53%) saying they are fully utilising their technology advantage to win business, run efficient systems and attract the best talent, according to new research from ThoughtWorks. 

Colt Technology Services has today announced it has completed a fibre densification project in and around the city of London, adding 110 kilometres of new fibre in the city in which the company was founded.

Open Banking Expo has donated a percentage of its ticket sales from its London event to The Money Charity.

The event organisers entered a partnership with Nationwide’s Open Banking for Good challenge and The Money Charity in 2019 to support the latest fintech innovations helping the UK solve financial capability problems. A total of £1,180 has been donated.

Open Banking Expo London took place on 13 November 2019 and brought together more than 500 innovators, disruptors and visionaries who are shaping the future of Open Banking.

The financial services industry in the UK in 2019 is drastically different than that of 2009. Social, economic and technological shifts have led to enormous change and this has translated to a radically different banking experience for consumers across the country. We have seen the rise of digital banking, the disappearance of banking services from our high streets; and traditional banking institutions are facing increasing competition and growing costs of operations.

Stratis Group Ltd (“Stratis”), an enterprise blockchain technology company, has entered into a framework partnership with Triad Group Plc (“Triad”), a leading UK provider of IT consultancy services and technology solutions, to deliver blockchain-based solutions to businesses and organisations.

Mastercard unveiled a new augmented reality (AR) app that lets cardholders see, explore and access the benefits of their Mastercard. The industry-first card benefits app delivers a photorealistic AR experience that transports users to a 360-degree virtual environment, where a series of interactive portals brings their card benefits to life.

FSS - Financial Software and Systems, a leading global provider of integrated payment products, solutions and one of India’s largest payments processor has announced the appointment of Sankarnarayan Lakshmanan as its Chief Information Officer.

Mobeewave, a pioneer in contactless mobile card payment acceptance, and Elavon, a leading global payments provider, have partnered to develop a first-of-its-kind digital merchant onboarding process for the newly-launched Samsung Point-of-Sale (POS)app. 

SamsungPOS enables micro and small businesses in Canada to accept physical contactless payments simply by tapping a card onto the back of their NFC-enabled mobile device – without the need for dongles, card readers or additional hardware.