The Fintech Fix: Magical Movements in Fintech
May22

The Fintech Fix: Magical Movements in Fintech

In this week’s episode of The Fintech Fix, we will be covering the end of an era for Monzo, Paypal is launching its QR code payment method and Standard Chartered is looking to create their own fintech Hogwarts!...

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Two Years Commission Upfront for Advisers in C-19 support initiative has now been extended
May22

Two Years Commission Upfront for Advisers in C-19 support initiative has now been extended

Uinsure, the multi award-winning InsurTech disruptor, continues its commitment to supporting Advisers and customers during COVID-19 by announcing today the extension of their C-19 initiative.  In April, Uinsure announced the launch of their support initiative which included the Two Years Commission Upfront offer. This is designed to help Advisers cashflow, allowing them to receive the first two years of their commission (average...

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EXCLUSIVE: Stride Bank, Payfare and DoorDash are up to something
May22

EXCLUSIVE: Stride Bank, Payfare and DoorDash are up to something

An industry insider has exclusively revealed to us that Stride Bank, (formerly known as the Central National Bank of Enid) has just completed a long-term deal with Payfare and food delivery service DoorDash. With the ink still drying, and the (virtual) handshakes still warm… What could this triumphant trio be conjuring up?  Our source has hinted that there may be plans underway to offer exclusive bank accounts to DoorDash drivers,...

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FF Virtual Arena: Neobank 220
May21

FF Virtual Arena: Neobank 220

Today in the FF Virtual Arena, we’ll be unveiling the new face of luxury private banking, CEO and co-founder of 220, Henry R. Fudge. Think incredibly wealthy 20-somethings, high-status lifestyles combined with fintech convenience and you’ve got a flavour of what this sparkling new challenger is aiming for. Watch this space closely … could it be the closing of the infamous HNW Millennial market...

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West African Development Bank (BOAD) Selects Wolters Kluwer’s OneSumX Software to Manage Risk
May21

West African Development Bank (BOAD) Selects Wolters Kluwer’s OneSumX Software to Manage Risk

West African Development Bank (BOAD) has selected Wolters Kluwer’s OneSumX solution for Risk Management with the aim of implementing an integrated approach to risk management and financial planning in order to strengthen its financial governance. BOAD has specifically selected the Asset and Liability Management (ALM), Liquidity Risk, Market Risk, and Credit Risk components of OneSumX for Risk Management, to monitor performance,...

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Plans for UK Lawtech R&D Sandbox announced today
May21

Plans for UK Lawtech R&D Sandbox announced today

Plans to create a UK Lawtech research and development (R&D) environment – the Lawtech Sandbox – have been announced today by LawtechUK, a government-backed initiative delivered through a collaboration between Tech Nation, the Lawtech Delivery Panel and the Ministry of Justice. The Sandbox is one of four initial programmes LawtechUK has announced in the publication of its vision to help the legal sector harness lawtech...

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genesis expands leadership team with appointment of Nick Kolba as Global Head of Platform
May21

genesis expands leadership team with appointment of Nick Kolba as Global Head of Platform

genesis, the global capital markets software firm, has further expanded its management team by appointing Nick Kolba as Global Head of Platform. Kolba is widely recognised for his experience in financial services as a Chief Technology Officer and his leadership of the Fintech Open Source Foundation (FINOS). In this new role at genesis, Kolba will be responsible for delivering the firm’s technology strategy reporting to Stephen Murphy,...

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Clearscore announces ‘Credit for Key Workers’ Initiative as UK’s key workers face sharp-end of COVID crisis
May21

Clearscore announces ‘Credit for Key Workers’ Initiative as UK’s key workers face sharp-end of COVID crisis

ClearScore, the UK’s leading free credit score and credit marketplace, today announces the launch of its Credit For Key Workers initiative, designed to support the financial needs of Britain’s key workers – the millions of people who are keeping the country running during the coronavirus outbreak. To support the UK’s key workers during this time, ClearScore is working with its lending partners to develop exclusive and...

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Nationwide study reveals that 73% of UK business leaders expect COVID-19 to spark a new wave of workplace and industry automation
May21

Nationwide study reveals that 73% of UK business leaders expect COVID-19 to spark a new wave of workplace and industry automation

Pod Group, a provider of platforms, software and connectivity services for the Internet of Things (IoT), and connected enterprises, today released a new study revealing that 73% of UK business leaders expect COVID-19 to spark a new wave of workplace and industry automation. The study of 500 business leaders from across the UK, highlights how respondents expect automation technology to replace a considerable proportion of their labour...

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Monzo co-founder Tom Blomfield moves from UK CEO role to president
May20

Monzo co-founder Tom Blomfield moves from UK CEO role to president

Story broken by the bloody legend that is Steve O’Hear and TechCrunch, link HERE More than five years after starting the company, Monzo co-founder Tom Blomfield is stepping down as CEO of the U.K. challenger bank to take up the newly created role of president. Current U.S. CEO, TS Anil, will become the new “Monzo  UK Bank CEO,” subject to regulatory approval, and for now will hold both U.K. and U.S. roles. Anil previously held...

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Balancing Innovation and Regulation: FinTech Trends and Challenges
May20

Balancing Innovation and Regulation: FinTech Trends and Challenges

The financial services industry has been ruled by traditional banks for decades, but with the financial crash in 2008, regulation and microinspection paved the way for younger and more innovative competitors, leading to a new era of challenger banks. Driven by digital processes and new technology, and fuelled by the introduction of PSD2 regulation, challenger banks were able to take hold of the market, offering consumers alternative...

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Reuters Events, Lazard Asset Management, Nuveen Real Estate, and The Climate Service in Free Webinar: ESG Data Clarity – Practical Guidance to Maximize ESG Data Value
May20

Reuters Events, Lazard Asset Management, Nuveen Real Estate, and The Climate Service in Free Webinar: ESG Data Clarity – Practical Guidance to Maximize ESG Data Value

LIVE: 4th June (14:30 BST/9:30 EDT) Reuters Events hosts leading ESG data experts in a free webinar discussion to provide industry guidance on ESG data best practice. This panel draws from ESG data expertise spanning four decades to provide solutions for the day-to-day data challenges experienced by industry peers.  Join the interactive discussion live and present our experts with your challenges. The discussion will take place on...

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FF Virtual Arena: Fintech in Hong Kong
May20

FF Virtual Arena: Fintech in Hong Kong

Today at 14:30 BST, on the Virtual Arena, we are travelling to Asia’s world city, Hong Kong to find out everything fintech. To help us in this adventure, we brought in Medhy Souidi, DBS Bank Hong Kong’s Head of Fintech. If you are looking to start a fintech in Hong Kong, you need to check this out!...

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Wolters Kluwer Demonstrates Industry Leadership With PPP Informational Loan Forgiveness Webinar
May20

Wolters Kluwer Demonstrates Industry Leadership With PPP Informational Loan Forgiveness Webinar

Wolters Kluwer Compliance Solutions has once again demonstrated industry leadership in the wake of the ongoing pandemic, this time by continuing to educate the market about the challenges of the Paycheck Protection Program (PPP). It will hold a webinar later today, dedicated to discussing the upcoming Loan Forgiveness stage of the U.S. Paycheck Protection Program. The event, which takes place today at 2 p.m. EDT, will include...

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UK Treasury: Future Fund Launches Today
May20

UK Treasury: Future Fund Launches Today

The government’s £500 million Future Fund opens for applications today (Wednesday 20 May) with innovative and high-growth British businesses able to secure investment to help them through the Coronavirus outbreak. UK-based companies can now apply for a convertible loan of between £125,000 and £5 million, to support continued growth and innovation in sectors as diverse as technology, life sciences and the creative industries. The...

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New Research Reveals Retailers are Vulnerable to Account Takeover Attacks
May20

New Research Reveals Retailers are Vulnerable to Account Takeover Attacks

Riskified, the payments and fraud-prevention solutions provider, today released a survey on the effect of Account Takeover (ATO) attacks on customers and online retailers. ATOs happen when a bad actor gains access to a legitimate customer’s eCommerce store account and uses that account for fraud, and the UK survey of 1,000 consumers and 120 retailers found that a fifth (20%) of UK consumers have had an online shopping account accessed...

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FF Virtual Arena: Hiring and Getting Hired in a Pandemic
May19

FF Virtual Arena: Hiring and Getting Hired in a Pandemic

If there was ever a more important discussion in these times, it’s now! On today’s Virtual Arena find out how to get a job, or keep one during a pandemic, a question that only gets answered every 100 years,...

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Alasdair Rhind, Aegon- wealth management
May19

Alasdair Rhind, Aegon- wealth management

Alasdair Rhind, Aegon on how wealth management has changed in the past couple of years in the digital environment

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ACI Worldwide Teams with Wundr to Power Cross-Border Payments with Instant Settlement for Mid-Tier Retailers
May19

ACI Worldwide Teams with Wundr to Power Cross-Border Payments with Instant Settlement for Mid-Tier Retailers

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that Wundr, a retail payments platform that fuses B2C digital payments and B2B business banking, will power its payments with ACI’s UP eCommerce Payments solution. ACI’s secure eCommerce technology, integrating digital payments with multi-layered fraud management capabilities, gives Wundr a foundational...

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Curve Launches Premium Metal Card in Europe
May19

Curve Launches Premium Metal Card in Europe

Curve, the banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, has today announced that its premium Curve Metal card and exceptional benefits are now available to its customers in the European Economic Area (EEA). Curve Metal has been one of the most requested features by the banking platform’s European customers since it was first released to UK customers in January 2019 and its...

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Wolters Kluwer To Launch Loan Forgiveness Module for Widely Used PPP TSoftPlus Tech Solution
May19

Wolters Kluwer To Launch Loan Forgiveness Module for Widely Used PPP TSoftPlus Tech Solution

Wolters Kluwer Compliance Solutions is proving itself to be leading the way once more when it comes to helping local lenders of all sizes navigate the complexities of the U.S. Paycheck Protection Program (PPP). The Minnesota-based business is now ready to help local lenders and their small business client recipients of PPP funding facilitate online loan forgiveness applications through its TSoftPlus™ PPP Forgiveness Module. The...

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Finxact Announces General Availability of its Core-as-a-Service on Microsoft Azure
May19

Finxact Announces General Availability of its Core-as-a-Service on Microsoft Azure

Finxact, an emerging leader in Core-as-a-Service banking, today announced that it has completed a replatforming initiative to support its financial institution clients on Microsoft Azure. Finxact is responding to growing market demand from its regional and super regional clients and prospects to support Azure. Finxact chose Microsoft based on its unique strength in accelerating digital transformation, which enables banks to take...

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Living with Covid-19 means it is time for a more inclusive way to transact
May19

Living with Covid-19 means it is time for a more inclusive way to transact

All sorts of things have changed as a result of the pandemic. There is a huge push towards digital environments as we navigate social distancing measures and public health concerns. Ultimately, this is the direction the financial services industry was headed, but it is concerning that the pace of change may leave many members of society feeling daunted or disconnected. For example, online transactions bring the benefit of reducing...

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COVID-19 accelerates adoption of contactless payments
May18

COVID-19 accelerates adoption of contactless payments

Consumers around the world are switching to contactless to help with social distancing, accelerating the adoption of contactless payments that was already under way With 15% penetration, contactless still has potential for further growth RBR’s Global Payment Cards Data and Forecasts to 2024 report reveals how increased contactless card issuance and acceptance combined with changes in consumer behaviour are driving growth in...

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The Fintech Fix: WhatsApp, WeChat?
May15

The Fintech Fix: WhatsApp, WeChat?

Join Fintech Finance’s Doug Mackenzie for the latest episode of The Fintech Fix. The best weekly news round up on the web! This week is a crazy one. WeChat is creating its own payments score from the private conversations of its users and Mastercard are looking to bring in one Billion people into the digital world!...

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FF Virtual Arena: Speedboats
May15

FF Virtual Arena: Speedboats

Join us today at 14:30BST! In today’s Virtual Arena we’ve got two fintech heavyweights joining our host Ali Paterson, despite the fact that they’re on different sides of the world from each other. We’ve got Deniz Güven from Mox Bank and Nuno Sebastiao from Feedzai....

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UK’s ANNA raises $21M
May14

UK’s ANNA raises $21M

Small and medium businesses and sole-traders account for the vast majority of businesses globally, 99.9% of all enterprises in the U.K. alone. And while the existence of millions of separate companies, with their individual demands, speaks of a fragmented market, together they still represent a lot of opportunity. Today, a U.K. fintech startup looking to capitalise on that is announcing a round of growth funding to enter Europe after...

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UK’s ANNA raises $21M
May14

UK’s ANNA raises $21M

Small and medium businesses and sole-traders account for the vast majority of businesses globally, 99.9% of all enterprises in the U.K. alone. And while the existence of millions of separate companies, with their individual demands, speaks of a fragmented market, together they still represent a lot of opportunity. Today, a U.K. fintech startup looking to capitalise on that is announcing a round of growth funding to enter Europe after...

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MIND THE GAP: How payments providers can fill a banking gap for online merchants
May14

MIND THE GAP: How payments providers can fill a banking gap for online merchants

The world of online trading is a rapidly growing marketplace; but it is also a marketplace where entrants face multiple barriers to operate because established financial institutions have a fear of the unknown. To assess how the landscape for access to payments services and funding has changed in recent years, Banking Circle commissioned new research amongst SME merchants across Europe. MIND THE GAP: How payments providers can fill a...

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AML specialist SmartSearch chalks up continued growth in face of coronavirus outbreak
May14

AML specialist SmartSearch chalks up continued growth in face of coronavirus outbreak

Specialist anti-money-laundering (AML) firm SmartSearch is continuing its impressive growth, despite the outbreak of Covid-19. It now has more than 4,500 clients across the financial and professional services sectors. Having recently been named one of the fastest-growing businesses in both the UK and Europe, the Yorkshire-based firm now employs well over 100 staff and continues to take on new clients eager to embrace the benefits of...

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Insurance AI and Innovative Tech Virtual
May13

Insurance AI and Innovative Tech Virtual

As our lives become hyper-connected and customer expectations increase, the imperative on insurance carriers to deliver automated services with a 360° customer view is increasing. It is also now undeniable that AI machine learning and other innovative technologies are the only means through which insurance carriers will be able to meet customer demands at scale, whilst ensuring they remain efficient and profitable. Insurance AI and...

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WeChat launches personal credit rating for 600m users
May13

WeChat launches personal credit rating for 600m users

In major news, WeChat Pay has announced a change to its 600 million users. It will now be giving them a credit rating – called “payment points”. These will be calculated by an artificial intelligence system based on consumers’ personal and credit records, plus habits and other factors said to represent users “credibility”. This system will also be applied to people who play online games. Tencent will give...

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Featurespace raises £30 million to drive growth
May13

Featurespace raises £30 million to drive growth

Featurespace, the leading provider of Adaptive Behavioral Analytics software for Enterprise Financial Crime prevention, has raised £30 million ($37.4 million) from a funding round led by Merian Chrysalis Investment Company Limited. The round also included further funding from a number of existing investors. The funding will be used to support Featurespace’s continued growth. Martina King, CEO, Featurespace, commented: “During...

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FF Virtual Arena: free2 Profile
May13

FF Virtual Arena: free2 Profile

Check out our Virtual Arena for today! We profile the loan platform free2 with their very own CEO Paul Lindsay. Join our Ali Paterson today, here, at 14:30 BST.

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US SMBs are underserved by banks: 11:FS research reveals service gaps and market opportunities
May13

US SMBs are underserved by banks: 11:FS research reveals service gaps and market opportunities

11:FS, the challenger firm defining and building truly digital financial services, today announced new research, “Designing digital financial services that work for US SMBs” which identifies the current service gaps and opportunities for truly digital services to support small businesses across the United States. The research evaluates the competitor landscape and presents a new competitor set for incumbent banks to consider. It...

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Modulr raises £18.9m (€22m) in growth funding to develop its payments platform, invest in new products and expand into Europe
May13

Modulr raises £18.9m (€22m) in growth funding to develop its payments platform, invest in new products and expand into Europe

 Modulr, the digital alternative to commercial and wholesale transaction banking, has secured £18.9m in growth capital to further develop its platform and expand into new products and markets. The funding round was led by Highland Europe, a leading European Growth Capital firm, with participation from existing investors including scale-up specialists Frog Capital and venture builders, Blenheim Chalcot. The new growth investment takes...

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British Business Investments commits £35m to  Harwood Private Capital UK LP (“HPC UK SME Fund”)
May13

British Business Investments commits £35m to Harwood Private Capital UK LP (“HPC UK SME Fund”)

British Business Investments Ltd, a commercial subsidiary of the British Business Bank, announces today a commitment of £35m to Harwood Private Capital UK LP at its first close of £70m. The fund will focus on deploying £3m to £15m into UK founder, family and management owned businesses, with flexible capital investing across the capital structure. Investment can be used to facilitate organic growth, acquisition, shareholder...

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FF Virtual Arena: Judo Bank Deep Dive
May12

FF Virtual Arena: Judo Bank Deep Dive

On today’s Virtual Arena at 14:30BST we ‘deep dive’ down under to catch up with Judo Bank’s Joseph Healy! The Australian neobank scene is very exciting, so don’t get left...

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Alasdair Rhind, Aegon – Navigating pain points during the customer onboarding process
May12

Alasdair Rhind, Aegon – Navigating pain points during the customer onboarding process

We discuss with Alasdair Rhind of Aegon how to navigate pain points during the customer onboarding process

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Insurtech firm Bought By Many raises £76m
May12

Insurtech firm Bought By Many raises £76m

London-based pet insurance firm Bought By Many has raised £78.4m in growth equity funding. The new investment was raised by FTV Capital and existing investors CommerzVentures, Munich Re Ventures and Octopus Ventures. Bought By Many was the first UK pet insurance provider to offer online claims processing, and the removal of the 14-day waiting period to claim for switchers. Launched in 2017, it now insures over 200,000 pets across its...

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Xceedance partners with Xemplar on mobile insurtech
May12

Xceedance partners with Xemplar on mobile insurtech

Re/insurance service provider Xceedance has partnered with software solutions firm Xemplar to bring mobile-based insurtech solutions to the property and casualty (P&C) re/insurance markets. With Xemplar’s mobile platforms and smartphone-based telematics for personal and commercial lines insurers, Xceedance will augment its technology capabilities for insurers looking to launch and service user-based insurance (UBI) products. The...

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New payment methods will help drive cashless payments over the coming years
May11

New payment methods will help drive cashless payments over the coming years

RBR’s study, Global Payment Cards Data and Forecasts to 2024, reveals that in 2018 the number of cashless payments grew by 18% to reach 784 billion. Payment cards and credit transfers were the greatest contributors to this growth, with direct debit payments increasing by just 6%. Cheques continue to fall out of favour, and declined by 7%, dwindling in most markets as consumers and businesses alike move to digital. Even in the USA,...

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SEBA Bank and Tokensoft to enter strategic partnership for asset tokenization
May11

SEBA Bank and Tokensoft to enter strategic partnership for asset tokenization

SEBA Bank AG (SEBA), a leading integrated bank for digital and traditional asset services headquartered in Switzerland, and Tokensoft International AG (Tokensoft), a leading technology platform, are proud to announce their strategic partnership in asset tokenization. Tokensoft’s innovative tokenization platform will become an integral component of SEBA’s asset tokenization services. US-based Tokensoft Inc. provides the technology to...

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FF Virtual Arena: Stand the F*** Up For Fintech
May11

FF Virtual Arena: Stand the F*** Up For Fintech

Join us today as we stand the f*ck up for fintech with two highly anticipated guests, who’ve been dominating our headlines this week. Nick Ogden gives an update on his political mission. He’s lobbying to let alternative lenders provide government-backed loans to SMEs. If he can access some of the treasury’s £350 billion, it will be a game changer for challenger banks and alternative lenders. We’re also delighted to welcome Head of...

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The role of third-party assurance in the financial services sector
May11

The role of third-party assurance in the financial services sector

The bar of entry to becoming an operator in the financial services industry is understandably high as it is necessarily heavily regulated.  The UK financial sector has evolved rapidly over the last five years with the growth of fintech businesses looking to drive innovation into the banking industry.  As well as developing technology, new entrants must pay great attention to meeting the requirements of the regulators as well as...

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Stenn Closes New $200 Million Programme to Expand Digital Trade Finance Services
May11

Stenn Closes New $200 Million Programme to Expand Digital Trade Finance Services

Stenn International, a data and financial technology company that delivers innovative online solutions for buyers and sellers in the global supply chains, announced today that it has closed a new $200 million financing facility from Crayhill Capital Management LP (“Crayhill”), a New York-based private credit manager and asset-based lender. The facility complements Stenn’s existing award-winning accounts receivable securitisation...

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OakNorth Bank lends £3.7m to Signet Hotel Group for the refurbishment of Grade II-listed, Mitre Hotel, at Hampton Court
May11

OakNorth Bank lends £3.7m to Signet Hotel Group for the refurbishment of Grade II-listed, Mitre Hotel, at Hampton Court

OakNorth Bank – the UK bank powered by OakNorth – has provided a £3.7m debt finance facility to the Signet Hotel Group, a partnership fronted by Hector Ross, the former COO of Bel & The Dragon, a collection of country inns that OakNorth Bank lent to in 2017. The finance will be used to refurbish and upgrade the Grade II listed Mitre Hotel, which the Signet Hotel Group acquired earlier this year. The boutique hotel, which will...

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Ideal Prediction Announces Walter Bell As CTO
May11

Ideal Prediction Announces Walter Bell As CTO

Ideal Prediction, the independent trading analysis and data science company for capital markets, has appointed Walter Bell as its Chief Technology Officer. An industry leading quantitative analyst and technologist, Walter has more than 20 years of experience in capital markets, working in a variety of roles across multiple asset classes. Walter joined Ideal Prediction from Bank of America Merrill Lynch where he led an international...

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Ideal Prediction Announces Walter Bell As CTO
May11

Ideal Prediction Announces Walter Bell As CTO

Ideal Prediction, the independent trading analysis and data science company for capital markets, has appointed Walter Bell as its Chief Technology Officer. An industry leading quantitative analyst and technologist, Walter has more than 20 years of experience in capital markets, working in a variety of roles across multiple asset classes. Walter joined Ideal Prediction from Bank of America Merrill Lynch where he led an international...

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Workplace analytics pioneer Locatee secures $4 million in Series A funding
May08

Workplace analytics pioneer Locatee secures $4 million in Series A funding

Locatee, the leading workplace analytics solution that provides office utilisation intelligence for corporate real estate leaders and managers, today announced that it has secured $4 million in Series A funding. Since its founding in 2015, the Zurich-based company has built up a corporate clientele that includes some of the world’s leading businesses, including one of the largest US pharmaceutical companies, EY, Biogen International,...

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