collectAI, the service for digital receivables, has processed receivables at a volume of 25m Euro since its foundation in 2016. collectAI automates and digitises invoices, dunning and debt collection processes and is the first digital end-to-end provider in receivables management. Examples of successful KPIs on the clients’ side include: Introducing digital communication channels lead to an increase of the collection rate of 33 percent, while processing costs have been reduced by up to 41 percent.

The question as to whether euro-clearing will remain in London after Brexit has been at the centre of Brexit negotiations since the vote to leave Europe was cast in 2016. Aside from the question mark hovering over this issue, new research from SIX Securities Services reveals that financial organisations appear to have broader concerns.

Abu Dhabi will host a one-day Blockchain Conference that brings together the top speakers from around the globe, who will lead the event attendees to rediscover the World of Blockchain.

Last year this event went down in the history of the modern Middle Eastern world as a new quality platform for the exchange of knowledge, experience, and success stories in the sphere of Blockchain technology.

This time during the Blockchain Conference companies will showcase their unique projects and the ways to improve the business world with the help of their effective solutions.

Profile Software, an international financial solutions provider, announced today the successful utilisation of Acumen, the independent treasury solution by Login SA, a Profile company, at Municipality Finance / Kuntarahoitus (“MuniFin”) based in Helsinki, Finland, to effectively manage and automate their operations.

Today, UK business critical software provider, IRIS Software Group, has announced the acquisition of school communication and payment collection software provider, ParentMail. The acquisition extends IRIS’s education software portfolio, building on its strategy to provide an end-to-end solution for managing finance, income, assets and communications.

Excelian, Luxoft financial services, the financial services division of Luxoft Holding, Inc., a leading provider of software development services and innovative IT solutions to a global client base,today announced the expansion of its office in Bangalore as part of the company’s strategic focus on the Asia Pacific region.

The question is… who will the customer choose to be their banking confidant in this new, open connected banking marketplace starting from January? The answer is the one you trust the most with your money and data. 

This is transformational and the first region is the UK. The total number of UK current accounts is 80 million, with 65 million active accounts generating £8.1 billion per year. Nine banks have 1 million accounts or more with the top 4 banks having a 77% market share. The next areas with pending Open Banking regulations are Europe and Australia.

Following successful trials over the last four months in Nakuru, Safaricom has today announced the availability of M-PESA 1Tap in Nairobi, Mombasa, Kisumu, Eldoret and Nyeri.

Top 20 UK accountancy firm MHA MacIntyre Hudson has appointed Edward Hooper as a director in its corporate finance team.

With more than 10 years’ industry experience, Edward will be responsible for leading the firm’s transaction services offering in London, acting for small and medium-sized businesses both in the UK and overseas. He will report to Robert Kidson, partner and head of the corporate finance team.