Company News

UK-based start-up multifi has successfully secured an initial capital injection of £10m to provide financial solutions to small and medium-sized businesses (SMBs) in the United Kingdom.

Several small business owners have criticised Starling Bank for its handling of the governmental coronavirus relief loans scheme and now the challenger bank founder has responded to the criticism.

In a field built upon numbers, data can be considered the cornerstone of success. In the InsurTech realm, this feeling is no different. But as modernisation and digitisation becomes ever more paramount in the business world, the transformative potential that harnessing accurate data has advanced tenfold.

Decentralised lending platform Morpho has raised $18m from a funding round headed by a16z Crypto and Variant.

Raiffeisen Bank International has selected BearingPoint’s software solution to meet the MiFID II/MIFIR, EMIR II, MMSR and SFTR reporting requirements.

The latest Future Focus Report by TrustQuay and Viewpoint has shed light on a concerning trend surrounding data. 

Challenger banks had already started a revolution in digital banking, but with the coronavirus pushing these changes to become permanent it could mean that one in four European bank branches will be forced to close by 2023.

Pidgin, a secure real-time payments platform, has partnered with Corelation Inc. to enable more credit unions to offer real-time payments to their members through Pidgin’s payments ecosystem.

The European Securities and Markets Authority (ESMA) is currently consulting on reviewed guidelines on MiFID II product governance guidelines.

Arro Money, a provider of personal and business accounts, has partners with has partnered with RegTech 100 company Onfido to offer real-time ID verification and KYC checks.