Supply Chain Finance

Abacus Group leased 6,891 square feet at HALL Park

 HALL Group announced today that Abacus Group, a global provider of IT services for alternative investment firms, has leased 6,891 square feet at 2401 Internet Boulevard at HALL Park. Abacus will begin occupying their new space on November 1, 2019. Read more »

Loans listed in Russian rubles look attractive to 21% of European investors

A poll conducted by the P2P platform Robo.cash has revealed that apart from loans listed in euros, European P2P investors show interest in other currencies. Thus, 21% of respondents prefer investing in Russian rubles. This currency is attractive as it has strengthened by 9% against the euro since the beginning of the year. The second most popular national currency among the P2P investors is the British pound (12.9%), the returns on which are... more Read more »

Divido expands to France

Divido, the white-label platform for point-of-purchase finance which is licensed by retailers, lenders and payment intermediaries, today officially announces it is now processing transactions in the French market, announcing new clients and the opening of its new office in Paris as it ramps up activity in the region.  Multinational retailers chose Divido to reach 234 million customers via one integration  Read more »

Abacus Group Completes SOC1 Type 2 Audit

Abacus Group, a leading provider of hosted IT solutions and services for alternative investment firms, today announced it has successfully completed the Service Organization Controls (SOC1) Type 2 audit for its application hosting and managed cloud services. The successful completion of the SSAE18 examination in July marks Abacus’ ninth consecutive year of completing a SAS70/SSAE16/SSAE18 audit, ensuring the highest level of security and... more Read more »

Founder and current CEO, Steve Kirsch, to assume Chief Innovation Officer role

Leading open banking platform provider, Token.io, today announces the appointment of Todd Clyde to the position of CEO, effective immediately. Token’s Founder and current CEO, Steve Kirsch, assumes the role of Chief Innovation Officer and retains his position on Token’s Board. Todd assumes the leadership role following three successful years as Token’s COO.  Read more »

Nomanini raises $4m in funding round led by Standard Bank

Nomanini, the pioneering fintech platform for the informal retail ecosystem, has today announced a $4m funding round led by Standard Bank, Africa’s largest bank, and completed by Goodwell Investments, an Amsterdam-based investment firm focused on fintech and financial inclusion.  Read more »

Wirecard and emonvia drive digitalization of e-mobility with charge@work solution

Aschheim (Munich). Wirecard, the global innovation leader for digital financial technology, and emonvia, which was founded as a joint venture by one of Germany's largest energy providers, N-Ergie AG, are cooperating in the field of e-mobility. Together the companies are launching charge@work, a secure and sustainable all-in-one charging solution for company car parks. More than 60,000 corporate customers and public utilities throughout Germany... more Read more »

60% of European investors learn to manage finances on their own

A survey by the European P2P platform Robo.cash showed that 60.4% of P2P investors gain knowledge in finance on their own. In overall, 89.2% of respondents have some form of financial background, which allows them to make informed investment decisions independently.   Read more »

Customer currently not number 1 for CFOs as 32% of companies still yet to start their digital transformation

According to almost two-thirds of CFOs (65%), digital transformation will result in fewer jobs, despite the fact that 32% of organisations aren’t currently undergoing this change, with 23% not planning to look at digital transformation for at least a year or more, as discovered in the FinTech Barometer 2019, the annual survey by fintech company Onguard. Read more »

Mambu Earns Acclaim from Frost & Sullivan for Accelerating Customers' Time-to-market with its Cloud-based Core Banking Platform

Based on its recent analysis of the global banking platform market, Frost & Sullivan recognises Mambu with the 2019 Global Customer Value Leadership Award for enhancing client capabilities through its banking platform. The platform supports banks through their changing requirements with a mix of relevant products and services that are aligned to market demand. Read more »

Monevo announces partnership with usave

MONEVO, Europe’s largest lending marketplace and platform, has announced it has partnered with yet another brand seeking to improve their customers’ access to credit, usave. Read more »

Enova Reports Second Quarter 2019 Results

Enova International, a leading financial technology and analytics company offering consumer and small business loans and financing, today announced financial results for the quarter ended June 30, 2019. Read more »

Newgen Positioned as a Strong Performer in ECM Content Platforms by an Independent Research Firm

Newgen Software, a global provider of solutions managing content, processes, and communication, announced that it has been positioned as a ‘Strong Performer’ in The Forrester Wave™: ECM Content Platforms, Q3 2019, authored by Cheryl McKinnon et al. Read more »

revverbank selects Finastra’s cloud banking solution to power its new services for SMEs

 Finastra announced today that revverbank, a Manchester-based new bank for regional businesses and savers in the UK, has selected Fusion Essence in the cloud to power its end-to-end core banking capabilities. The solution will support revverbank as it launches its services to SMEs and retail savers in the UK, giving it maximum scalability and flexibility to grow its business. Read more »

Smart City and Blockchain Venture Between Interbit™ and Xinova Progresses

Interbit is pleased to announce progress with the CitizenOS Project (“the Venture”) which plans to bring smart technologies to cities worldwide. Interbit’s multi-blockchain architecture will provide the ability to handle the huge amount of data that will be generated and is expected to serve as the software platform upon which the CitizenOS Project will provide new infrastructure and the latest Interbit of Things (IoT) technology solutions to... more Read more »

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