Spandana Sphoorty Announces Shalabh Saxena as the MD and CEO, and also Announces Other Key Business Updates
- 22.11.2021 11:35 am
- Alternative Finance, microfinance
Additionally, Ashish Damani will take over as President and Chief Financial Officer, and Abanti Mitra to take over as Chairperson of the Board, while Deepak Vaidya will continue as an Independent Director Spandana Sphoorty Financial Limited’s Board of Directors met today and discussed several critical matters related to the leadership transition and business operations. Key Leadership Updates:
Irish Bank Commits € 5 Million to Synch, a Joint Venture for Payment Apps
- 22.11.2021 11:20 am
- Payments, Banking
The four Irish banks seeking to set up a money-transfer app to rival Revolut have raised an additional €5 million to fund the venture.
1 in 3 British Consumers Formed a New Banking Relationship During the Pandemic
- 22.11.2021 11:10 am
- Covid-19, Banking
Key facts · 29 percent of UK consumers have started a new banking relationship in the past year. · Young millennials (age 25-29) are most likely to switch to a new bank (46 percent), followed by over a third of senior millennials and Gen Zers (both 39 percent).
US Banks Must Soon Report Significant Cybersecurity Incidents Within 36 Hours
- 22.11.2021 11:00 am
- Cybersecurity
U.S.financial regulators have approved a new rule that requires banking organizations to report any “significant”
British Business Investments – Full Year Results for the Period Ending 31 March 2021
- 22.11.2021 10:40 am
- Investment
British Business Investments, a wholly-owned commercial subsidiary of British Business Bank plc, today publishes its Annual Report and Accounts for 2020/21. Key highlights include: · A record number of 18 commitments to new and existing delivery partners, totalling £473m · In its seventh year of operation, cumulative commitments are up 19% year-on-year to over £3bn
Bound Secures $6.5m in Seed Financing From Top Investors Behind the Likes of Klarna & Wise
- 22.11.2021 10:20 am
- Fundraising News, FinTech StartUps
Valar Ventures, Moonfire and Album VC, along with founders from a number of billon-dollar fintech successes invest in London-based start-up Bound, tipped by VCs to be the next big European fintech, is building a platform to make currency hedging easy for SMEs Taking just 30 mins to set up, Bound can save the average business £70,000+ a year
AstroPay Expands E-commerce Reach with WooCommerce, VTEX, and PrestaShop
- 22.11.2021 10:00 am
- E-Commerce, Payments, e-Payments
AstroPay, a global leader in online payment solutions, announced today that it has signed agreements to partner with leading international e-commerce platforms including WooCommerce, VTEX and PrestaShop to expand its e-commerce reach and access wider consumer base in new markets.
TelcoSwitch Enhances Omnichannel Offering With Integration Into UK’s Largest E-commerce Platform
- 22.11.2021 09:40 am
- E-Commerce, SaaS
Integration with EKM opens up the company’s contact centre platform to over 80,000 UK businesses TelcoSwitch, a leading software provider of unified communications and compliance solutions, has announced that its omnichannel customer experience platform for contact centres, 3Sixty, now offers integration with EKM, the UK’s number 1 e-commerce provider.
KNEIP to Provide Transparency and Efficiency for the Investment Funds Industry in Europe through Nasdaq Fund Network
- 22.11.2021 09:20 am
- Asset Management, Fund Management, Data Management
KNEIP, a leader in fund data management and reporting solutions for the asset management industry, today announced a partnership with Nasdaq to register investment funds in Europe on the Nasdaq Fund Network (NFN), providing enhanced transparency and accessibility of investment products in Europe with standardised 5-character symbol.
Majic Reports First Consolidated Financials with Revenues of 6.28 Million in Revenues & 173 Million in Assets
- 22.11.2021 09:00 am
- Platform Technology, Asset Management
Majic Wheels, Corp., a Delaware corporation, that is positioning itself as a player in the disruptive industries of fintech and software development. Majic’s CGCX subsidiary has a Digital Asset Platform that brings value from the diversified business model and security to the clients through insurance and infrastructure offering services such as Crypto Exchange, Digital Custody Services and Token Listing Platform under one-fold and developing...
Concordia and Unizest Join Forces to Help Recruit the Overseas Workers Tackling UK Shortages This Christmas
- 22.11.2021 08:45 am
- Cryptocurrencies
One of the country’s largest seasonal labour recruitment organisations,
Proportunity Appoints Its First National Account Manager
- 22.11.2021 08:30 am
- People Moves
Matt Surridge has joined Proportunity as national account manager and will be the main point of contact for brokers as the firm grows its intermediary distribution channel. With a wealth of mortgage experience, Matt joins Proportunity from fintech lender MQube where he was key account manager. His previous roles include national account manager at Mortgage Brain, regional manager and BDM at Countywide Mortgages and financial adviser at Lloyds...
Claranova (CLA): Adapting to Post-pandemic Normal
- 22.11.2021 08:15 am
- Covid-19, Consultancy
Claranova reported Q122 revenue of €88m (-2% y-o-y), slightly better than its end-September expectation of a 5% decline. Now that the transition to subscription licensing is complete, Avanquest is seeing revenue growth accelerate. PlanetArt saw organic revenue declines in the last two quarters, but management is confident of a return to growth in Q222. We have revised our forecasts to reflect FY21 results and the Q1 revenue update.
ClearBank Ranked Number 1 Fastest Growing Technology Company in the UK in the 2021 Deloitte Technology Fast 50
- 19.11.2021 04:59 pm
- Banking
ClearBank attributes its 21,569 per cent revenue growth to its extensive industry expertise and products that don't compete with customer propositions
Northern Trust and EDS Enhance Data Sharing for Investment Data Science
- 19.11.2021 04:36 pm
- Cloud, Data
Collaboration with Snowflake Optimizes Data Management Via Cloud-Native Technology Northern Trust and Equity Data Science (EDS) have collaborated with Snowflake, the Data Cloud company, to enhance secure data sharing and onboarding for Asset Servicing clients using Investment Data Science capabilities.
