Today New Access Banking Software, a leading global provider of critical front-office software solutions to the private banking industry, announced the acquisition of the Ambit Private Banking business from FIS.  The Ambit Private Banking business, provides a comprehensive suite of software solutions, including Apsys and CIM, designed to help Swiss and international private banks to build a strong competitive advantage. The solution suite includes core banking, client management, analysis and control, market management, fund accounting and alternative investments solutions.

Today Fenergo, the industry standard for Client Lifecycle Management software solutions for investment, private and corporate banks reported that Spencer G. Lake, a former Vice Chairman of HSBC Global Banking and Markets, has joined its Board of Directors in the capacity of Vice Chairman. 

Today Remitly, the biggest independent digital remittance company in the United States, announces its expansion into the United Kingdom, its third send country after the United States and Canada. Remitly offers UK residents a modern and convenient remittance experience that allows them to send money across borders quickly and at less cost through its mobile app and website.

Today CIMB Group announced the impending appointment of Olivier Crespin as the Chief FinTech Officer for its newly set-up unit, CIMB FinTech, which is a standalone unit that will actively explore new, innovative banking solutions.

Today Fleximize, the UK’s first revenue-based finance provider, reported that it has closed a new financing facility of £16,300,000 from Hadrian’s Wall Secured Investments Limited, a specialised investment fund. 

Global business intelligence experts, Creditsafe, has been granted full Financial Conduct Authority (FCA) accreditation.

The private bank Julius Baer has successfully revealed the newest generation in mobile banking. The bank is the first to offer its customers the opportunity to log into online banking using only their smartphone. This means that they can use all functions while out and about. 

Financial innovation firm R3 has partnered with ACORD (Association for Cooperative Operations Research and Development) to introduce a Centre of Excellence for distributed ledger technology (DLT) in the global insurance industry. 

Today Dash, the rising alternative to bitcoin, revealed a historic partnership with one of the world’s oldest bitcoin exchanges with the largest selection of digital assets and national currencies, Kraken Digital Asset Exchange. 

More than half of British women who don’t have any financial investments are not investing due to a lack of disposable income, according to new research commissioned by digital wealth manager Moneyfarm.

Data from the YouGov survey shows that over half of women without financial investments (53%) in Britain cite a lack of funds as the most common barrier to investing. In fact, almost one in four (24%) say they do not have any disposable income in a typical month - versus just 14% of men.