Leveraging blockchain technology to alleviate the complexities faced by asset managers with funds in multiple geographies, global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), has released a multi-jurisdictional version of its private equity platform, Private Market Hub, now available to funds domiciled in North America.
UK Government has confirmed that of the £47 billion provided in loans through the Bounce Back Loan (BBL) scheme, £1.1 billion of these loans are suspected to be fraudulent.
Tech Nation has selected 35 tech startups to join their second Libra programme for underrepresented tech founders. Libra 2.0 is focused on promoting diverse tech leaders in the UK by choosing companies founded by Black, South Asian, East Asian, and Arab leaders in the industry.
Temenos (SIX: TEMN) and Bahwan CyberTek (BCT), a global digital transformation company, today announced the signing of an exclusive strategic agreement to scale Temenos' operations in India, Sri Lanka, Nepal and Bhutan. As part of the agreement, BCT will market, implement, and support all Temenos products and solutions in these countries. The agreement is exclusive for seven years, and signals Temenos' commitment to long-term growth in the region.
Starling Bank's business banking customers can now make Bulk Payments to multiple recipients. The new subscription service can be used to help support payroll, reimburse staff expenses or pay suppliers, all at the same time.
Paytm Labs, the advanced R&D division of fintech giant Paytm, has launched Pi, an ML-powered fraud risk management (FRM) platform designed for fintechs, banks and eCommerce marketplaces with high transaction volumes. Pi was developed from scratch at its innovation lab because existing fraud management systems were not fast enough or robust enough to handle the hundreds of millions of decisions required each day by Paytm.
Concentric, the London and Copenhagen based pan-European venture capital firm, has completed the initial close of its second fund – Concentric 02. With the new fund Concentric will continue to invest at Seed+ stage, with a focus on startups that are developing non-trivial solutions to critical sectors of the economy, like financial services, logistics, real estate, industrial software, and mobility, while taking a hands-on ‘activist' approach to working with portfolio companies. Concentric 02 starts with an underlying portfolio of seven investments.
SEBA Bank, a leading global crypto bank, simplifying access to the digital assets economy through a suite of fully regulated banking services, has today launched Ethereum staking services, an institutional-grade offering enabling clients to earn staking rewards on Ethereum, the second largest cryptocurrency by market cap.
