Partech Ventures today announced that it has co-led a new €10MM financing round in Kantox,  the pioneer in foreign exchange services for SMEs and mid-cap companies.

“With our 2^nd significant investment in 18 months, Partech Ventures reaffirms its full commitment to Kantox” explained Philippe Collombel, Managing Partner at Partech Ventures and Kantox board member.

SWIFT’s RMB Tracker shows that the value in weight of the RMB used for payments exchanged with China and Hong Kong within Asia Pacific increased by 327% between April 2012 and April 2015. During this three year period, the Chinese currency moved from position number five to the top currency used in Asia Pacific to do business with Greater China.

SunGard has been named “Best Collateral Management Solution” and “Best Corporate Actions Processing Solution” in the FTF News Technology Innovation Awards 2015. SunGard is also an FTF Gold Standard Award recipient in the “Best New Post-Trade Solution for the Buy-Side” category.

When the FATCA returns and listing deadline of 1^st June ends, financial institutions must quickly turn their attention to even more expensive and burdensome regulations. Justin Hayes, product manager at Linedata, the leading international software and solutions provider, outlines the impact the OECD Common Reporting Standards, dubbed ‘Global FATCA’, will have on the industry. 

Gunvor Singapore Pte Ltd (the "Borrower"), a wholly-owned subsidiary of Gunvor Group Ltd ("Gunvor Group"), has signed a USD 911.7 million syndicated revolving credit facility (the "Facility"). Initially launched at USD 550 million, the Facility was well received by the banking community and was oversubscribed by 65%. As a result, the Facility was increased and an accordion feature has been opened to accommodate additional participation.

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced that its dealer-to-customer trading venue, FXall, has again been named “Best multibank and independent platform” in this year’s Euromoney Foreign Exchange Survey for the 13th consecutive year.

Euromoney’s annual quantitative and qualitative study of the FX markets is the result of a poll of more than 14,000 FX market participants who represent a total volume of $225 trillion. 

A Canadian university is installing bitcoin ATMs across campus, and will accept the digital currency for the purchase of text books, in an effort to stimulate discussion about the future of money and innovation in financial services.

Commonwealth Bank of Australia is to begin testing technology from Ripple Labs to transfer funds between its subsidiaries.

Five exciting new payment start-ups have reached the final for the 2015 Dragons' Den contest at PayExpo. The highly anticipated competition, which received record entries this year, is the ideal platform for emerging companies looking to present their innovative ideas and game-changing payments technologies to a global market.

The 2015 Payments Dragons' Den finalists are:

xWare42 - a software developer whose core product, xPay, allows banks to give customers additional information about their purchases.

Today Wolters Kluwer announces that Claire Carter has joined as UK Managing Director for its Tax and Accounting software business.

Claire joins from Sage Software where she was formerly Managing Director of its Accountants Division for the UK and Ireland delivering Cloud and on premise solutions to accountants. Before that, Claire worked for Morgan Stanley and Alliance & Leicester in senior commercial roles.