According to a recent report in News 24, a former OR Tambo District Municipality project accountant who defrauded the municipality out of R9.8 million was recently sentenced to 15 years in jail. She was the authorised officer responsible for processing claims from service providers and effecting payments to their bank accounts. Money was transferred to companies belonging to her former boyfriend and sister even though no services were rendered by said businesses.

Alveo, a leading financial data management solutions provider, announces new environmental, social and governance (ESG) data management functionality. The new functionality includes an extension of Alveo’s standard industry data model and UI functionality that helps clients understand data quality, data lineage and divergence between third party ratings.

 Mphasis, an Information Technology (IT) solutions provider specializing in cloud and cognitive services, is expanding its footprint in the UK with a special focus on Customer led Digital Transformation initiatives in banking & insurance, by establishing a nearshore center, outside of London.

B-North, the Manchester-based firm building an SME lending bank for the UK, has so far raised more than £560,000, exceeding the £500,000 target set in an extension of its latest funding round.

B-North will use the investment to further extend their cash runway as the business continues to make strong progress with the Prudential Regulatory Authority (PRA) and Financial Conduct Authority (FCA) licensing process and closes in on completing a £20m 'Series A' funding round.

Nordea Life & Pension is now imposing a new requirement on asset managers to have committed to a net zero target in line with a 1.5-degree scenario in 2024 at the latest in order to manage assets on behalf of Nordea Life & Pension. This has been announced today by Nordea Life & Pension in its climate targets for 2025, which also include the target to reduce the carbon intensity of its portfolios by at least 25 per cent by the end of 2024.

Technology group Prytek today announces it has made a significant investment in TipRanks as part of its wider investment strategy. TipRanks, is an Israeli-based fintech company using capital market data driven by machine learning and NLP technology with over 4 million active retail investment users. 

Identitii Limited is pleased to announce that the former Head of Payments for Investec Bank (UK) (Investec), Joe Higginson, has joined Identitii as Chief Commercial Officer (CCO).

Commenting on the announcement, Joe Higginson, Chief Commercial Officer, Identitii, says:

Cushon, the fintech provider of savings and pensions, today announces the appointment of former Pensions Minister, Baroness Ros Altmann, to its advisory board.

Ros was UK Minister of State for Pensions from 2015 to 2016 and is a member of the House of Lords. She is a leading authority and policy adviser on pensions, pension investment, social care and retirement. She is best known for championing pensions for ordinary people, campaigning for better recognition of women’s pension needs and the injustices of the annuities market.

A new study from Juniper Research has found that digital commerce spending will rise to over $11.6 trillion by the end of 2021, from $10.5 trillion last year; a growth of 11.5% in a single year.

Today, Consumer Financial Protection Bureau (CFPB) Acting Director Dave Uejio and Federal Trade Commission (FTC) Acting Chairwoman Rebecca Kelly Slaughter sent notification letters to the nation’s largest apartment landlords, which collectively own more than 2 million units. The letters remind these landlords of federal protections in place to keep tenants in their homes and stop the spread of COVID-19.